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Amsterdam’s transaction monitoring startup Sentinels partners with Madrid’s neobank Rebellion Pay

Sentinels, an Amsterdam-based AI-powered transaction monitoring startup, announced that it has been selected by Spanish neobank Rebellion Pay to enhance and streamline its anti-money laundering (AML) compliance monitoring and risk profiling functions.

By implementing Sentinels’ AI and machine learning algorithms, the Spanish neobank can generate extensive views of the transaction environments across its full range of payment services, including prepaid Mastercard debit transactions and peer-to-peer (P2P) payments.

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Rebellion Pay will also be able to assess client risk and accurately detect financial crime faster and more efficiently.

Rebellion Pay: What you need to know

Based out of Madrid, Rebellion Pay was founded to make banking more accessible. Over 280,000 customers across Spain use Rebellion Pay’s financial services. 

It also holds an e-money institution license issued by the Bank of Lithuania – a regulator known for its particularly strict AML compliance requirements. 

Sergio Cerro, CEO and co-founder of Rebellion Pay, says, “We firmly believe that AI and machine learning will change the game in digital banking, and Sentinels is already confirming this belief in the transaction monitoring and client risk management space. The decision to work with Sentinels was easy to make. Its software is straightforward to use and crammed with cool features, and its level of customer care is second to none. We’re delighted to have them as our partner and firmly believe that we will see plenty more powerful and innovative products coming out of this company in the years to come.”

Sentinels: What you need to know

Founded in 2019 by Joost van Houten, Sentinels is a spin-off of Slimmer AI, a Groningen-based B2B AI venture studio.

Using AI and machine learning, Sentinels helps fintechs, payment service providers, remittance companies, and (challenger) banks manage risk and fulfil their compliance obligations. 

The platform monitors transactions, builds rich behavioural profiles, detects a wide range of suspicious activity, and automatically generates recommended next steps – saving time and effort for compliance teams.

The company serves a range of clients, including Mollie, Terrapay, Online Payment Platform, Ginger Payments, and ManoBank.

Joost van Houten, CEO of Sentinels, says, “It is with great pleasure that we welcome Rebellion Pay, both our first neobank and our first Spanish customer, to the Sentinels ranks. Rebellion Pay is a true disruptor in financial services and shares our love for next-gen technologies. We greatly look forward to axing the firm’s exposure to client risk by ensuring no illicit activity goes undetected. By boosting the accuracy of the bank’s suspicious transaction detection, we will also help its teams zero in on real criminal behaviour, and kiss goodbye to the wasted days spent processing false-positive alerts.”

In 2022, Sentinels partnered with London’s B4B Payments, a company that specialises in smart corporate payments and card solutions for businesses, and California-based YouWorld, a fintech solution that enables native payment and currency via gift cards.

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