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Compliance and RegTech Solutions

KYC/AML platforms, regulatory reporting systems, transaction monitoring and compliance automation.

PCI DSS SOC 2 GDPR Compliant ISO 27001
  • 15+ FinTech projects
  • 12+ years in business
  • 96 Clutch reviews
96 reviews 138 reviews 11 reviews 54 reviews 19 reviews 5.0 318+ verified reviews

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Aligned with these frameworks. Audit reports and certifications available on request.

Reviewed and updated
Last reviewed July 9, 2026 by Dmytro Nasyrov, Founder and CTO. Content reflects Pharos Production delivery data as of the review date. Editorial policy.
Dmytro Nasyrov - Founder and CTO of Pharos Production

Reviewed by Dmytro Nasyrov

Founder and CTO

23+ years in custom software development. Led 110+ projects across FinTech, healthcare, Web3 and enterprise, ISO 27001-aligned team.

What is compliance and RegTech software?

Compliance and RegTech (regulatory technology) software is the engineering of systems that help regulated businesses meet their obligations more efficiently and more provably: KYC and KYB (know your customer/business), AML transaction monitoring and sanctions screening, regulatory reporting (FinCEN, FFIEC, FCA, MiCA, PSD2), consumer protection controls, data residency enforcement, audit trails and evidence collection for examiners. RegTech replaces manual compliance with automated workflows that generate verifiable evidence for regulators. Pharos has shipped KYC/AML platforms, regulatory reporting systems, sanctions screening pipelines and audit-ready data platforms since 2018.
Authoritative citations 12 sources
  1. PCI DSS v4.0 Standard The Payment Card Industry Data Security Standard v4.0 is the binding specification for any system that stores, processes or transmits cardholder data, and we design every payments build against its 12 requirement families from day one of discovery. pcisecuritystandards.org
  2. European Banking Authority PSD2 RTS The PSD2 Regulatory Technical Standards on strong customer authentication and secure communication define the EU rules for payments, account information and dedicated interfaces, which govern every open banking integration we ship in the EEA. eba.europa.eu
  3. FATF Recommendations on AML/CFT The Financial Action Task Force 40 Recommendations are the global AML and counter-terrorism financing baseline that our screening, customer due diligence and transaction monitoring designs implement in every regulated FinTech engagement. fatf-gafi.org
  4. Stripe Engineering Blog The Stripe engineering blog publishes deep-dive posts on idempotency, ledger design, distributed counters and payment lifecycle that inform how we architect money movement systems and idempotency keys across our custom FinTech builds. stripe.com
  5. Plaid Reliability Post-mortems Plaid engineering publishes detailed post-mortems and reliability reports on the infrastructure behind bank connections, which we read closely because our payment and account aggregation flows depend on similar third-party reliability envelopes. plaid.com
  6. Bank for International Settlements CPMI Reports The BIS Committee on Payments and Market Infrastructures publishes authoritative reports on cross-border payments, CBDC and fast payment systems, which inform every FinTech engagement touching international money movement or central bank rails. bis.org
  7. NIST Digital Identity Guidelines SP 800-63 NIST SP 800-63 defines authenticator assurance levels and identity proofing that we map to KYC flows, step-up authentication and regulated account opening journeys in FinTech platforms subject to US regulators. pages.nist.gov
  8. ISO 20022 Payments Messages ISO 20022 is the global messaging standard replacing legacy MT and ACH formats across Fedwire, SWIFT, SEPA and instant payment rails, and we design ledger and integration layers for ISO 20022 first with legacy adapters rather than the reverse. iso20022.org
  9. Basel III Framework The Basel III regulatory framework governs capital, leverage and liquidity requirements for banks, which cascades into our build decisions when platforms integrate with regulated institutions needing reporting, stress testing and risk data pipelines. bis.org
  10. SWIFT Customer Security Programme The SWIFT Customer Security Programme mandates security controls for institutions connecting to the SWIFT network, which shape our reference architecture whenever a client integrates FIN, gpi or the ISO 20022 SWIFT rails. swift.com
  11. OWASP Application Security Verification Standard OWASP ASVS provides a ranked control set for application security verification that we map against PCI DSS, SOC 2 and ISO 27001 requirements when building the control baseline for new FinTech platforms. owasp.org
  12. FSB Financial Stability Reports The Financial Stability Board publishes reports on FinTech, crypto-asset regulation and cross-border payments that shape our regulatory risk posture for client platforms operating across multiple jurisdictions. fsb.org
What we do not do
  • Compliance projects without a defined regulatory framework and jurisdiction
  • KYC/AML builds without a sponsor bank or licensed entity taking responsibility
  • Projects where the client wants to avoid regulation rather than comply with it
  • "Build a compliance officer" projects (software supports compliance, it does not replace the officer)

Compliance and RegTech at Pharos Production at a glance

  • RegTech systems: 12+ production compliance systems since 2018 (KYC/KYB, AML monitoring, regulatory reporting, sanctions screening, audit automation)
  • Regulatory scope: FinCEN, FFIEC, FCA, MiCA, PSD2, GDPR, HIPAA, AML/CFT, sanctions (OFAC, EU, UN)
  • Stack: Elixir/Phoenix, Python (FastAPI/Django), PostgreSQL with immutable event log, Kafka, AWS with VPC isolation
  • Integrations: Sumsub, Onfido, Persona, Alloy, ComplyAdvantage, Chainalysis, TRM Labs, WorldCheck, Dow Jones Risk & Compliance
  • Pricing: RegTech MVP $60,000-$180,000; full platform $180,000-$500,000+; retainers from $10,000/month
  • Timeline: Discovery + regulatory framework 4-6 weeks; MVP 3-6 months; full platform 6-14 months with examiner walkthroughs
  • Audit support: Examiner-ready audit trails, deterministic decision logging, evidence collection automation, SAR/CTR/STR filing support
  • Honest scope: We recommend Sumsub/Alloy for early-stage and decline "avoid regulation" projects

Custom RegTech vs off-the-shelf platforms (Sumsub, Alloy, Actimize): which is better?

Custom RegTech gives you exact fit with your regulatory model, data residency and unit economics at scale, while off-the-shelf platforms (Sumsub, Onfido, Alloy, ComplyAdvantage, Actimize) ship in weeks with inherited compliance. According to a 2024 Thomson Reuters report, 74% of mid-market FinTech starts with off-the-shelf RegTech and roughly 25% migrates parts of their compliance stack to custom within 36 months as volume, jurisdiction complexity or cost makes the switch worth the engineering.

Factor Custom RegTech Off-the-shelf platform
Regulatory fit Exact fit; tuned to your jurisdictions and product model Generic; may miss edge cases or force workarounds
Data residency Your VPC, your region, your retention rules Vendor regions; subject to vendor data flow
Cost at scale Fixed engineering cost; marginal cost decreases with volume Per-check billing scales linearly forever
Integration Native integration with your ledger, transaction flow, audit systems API/SDK; deep integration limited
Customization Tailored rule engines, risk scoring, workflow routing Pre-set rules; limited customization in most vendors
Time to MVP 3-6 months for production-grade system 1-4 weeks for basic integration
Vendor lock-in None; portable to any infrastructure Strong lock-in on data model, decision history, reports
Best fit Scale-stage FinTech, complex jurisdictions, proprietary data, custom workflows Early-stage FinTech, standard jurisdictions, rapid MVP

Our RegTech engineering flow

Compliance projects follow Pharos Verified Delivery with regulatory-specific gates: discovery includes regulatory framework mapping and examiner-ready design; build includes deterministic decision logging plus immutable audit trails; production readiness covers examiner walkthrough simulations plus evidence collection automation; support includes quarterly regulatory change review and monthly compliance metric reviews.

Pharos Verified Delivery 4-phase methodology with typical durations and deliverables
  1. Phase 01 / 04

    Paid Discovery

    2-4 weeks
    • Technical validation
    • Architecture proposal
    • Scope refined estimate
    82% on-schedule with discovery
  2. Phase 02 / 04

    Iterative Build

    2-week sprints
    • Working demos every sprint
    • CTO review at milestones
    • ADRs documented
    Transparent progress tracking
  3. Phase 03 / 04

    Production Readiness

    • Monitoring and alerting
    • Security audit Pen test
    • Runbooks and rollback
    ISO 27001 aligned
  4. Phase 04 / 04

    Support

    Ongoing
    • Security patches
    • Performance tuning
    • 4h SLA response
    Continuous improvement

Pharos Verified Delivery applied to 110+ production applications since 2013

RegTech systems running in production

Three RegTech engagements covering KYC, AML and regulatory reporting. Audit outcomes validated by client compliance teams.

Automated KYC pipeline Q3 2024 · Neobank, UK
Before

Manual KYC review averaged 48 hours per applicant. 22% drop-off during the wait. Compliance team backed up with 200+ pending reviews. FCA exam findings on inconsistent decisioning.

After

Automated KYC pipeline with Sumsub integration, sanctions screening and risk-tier routing. 92% of applicants approved in under 5 minutes. Drop-off rate down to 7%. Compliance team handles only edge cases. Consistent audit trail for every decision.

Low-risk applicants auto-approve on the spot; medium-risk go to a 15-minute enhanced review flow; high-risk and PEP matches hit the compliance queue. Every decision is auditable with a full document and rule trail for regulators.

Transaction monitoring Q1 2025 · Cross-border payments, EU
Before

Rules-based AML monitoring generated 4,200 alerts per day. 97% were false positives. Compliance team of 8 drowning in noise. Real suspicious activity buried under alert fatigue.

After

ML-augmented transaction monitoring with risk scoring + graph analytics. Alert volume down 78% while catching 3x more truly suspicious patterns. Compliance team redeployed from alert triage to case investigation. SAR filings increased in quality measurably.

The ML layer does not replace rules - it prioritizes them. Hard rules still fire for sanctions and known patterns; the ML layer scores the rule hits by likelihood of being actual suspicious activity. High-score alerts get human attention first; low-score alerts are batch-reviewed.

Regulatory reporting automation Q4 2024 · BaaS platform, US
Before

Regulatory reports (SAR, CTR, 314(b)) assembled manually from 6 different systems each month. 3 full-time compliance analysts. Reports frequently filed late; errors cost $300K in remediation in the previous year.

After

Automated regulatory reporting engine pulling from the canonical ledger with examiner-ready audit trails. Report preparation time down from 11 days to 2 hours. Zero late filings. FinCEN audit passed with no findings.

We built the reporting engine as a deterministic read layer over the existing ledger - no custom data entry, no manual reconciliation. If the ledger is right, the report is right. Every report includes a diff from the previous period so examiners can trace deltas quickly.

Client names anonymized under NDA. Full case studies at /cases/.

When custom RegTech is not the answer

We decline roughly 30% of RFPs we receive. Forcing a bad fit costs both sides 3-6 months and damages outcomes. Here is how we think about scope:

Projects we decline
  • Projects where off-the-shelf RegTech (ComplyAdvantage, Alloy, Actimize) would cover 80% of needs
  • Compliance projects without a defined regulatory framework and jurisdiction
  • KYC/AML builds where the client has no sponsor bank or licensed entity
  • Projects where the client wants to avoid regulation rather than comply with it
  • "Build a compliance officer" projects (software supports compliance, it does not replace the officer)
We recommend off-the-shelf RegTech when it fits

For early-stage FinTech, off-the-shelf RegTech platforms (Sumsub, Onfido, ComplyAdvantage, Alloy, Actimize, ComplyCube) cover 80% of needs out of the box. Custom RegTech makes sense when: you need unique jurisdictional compliance not covered by a vendor, your scale makes per-check pricing dominate your P&L, you have proprietary data that must stay in-house or you need to integrate compliance into a core banking system the vendor does not support. We have recommended Sumsub + Alloy over custom for many engagements.

Pharos RegTech portfolio

Pharos compliance and RegTech delivery portfolio observations, 2020-2026

Ranges we consistently see across 18+ RegTech engagements.

  • Sub-500ms p99 on account-opening sanctions screening; sub-200ms p99 on pre-configured watchlist matches across cached sources.

  • 12-22% typical on hybrid rules plus ML screening; compared to 35-55% on rules-only baselines; tuned per customer risk appetite[3].

  • 14-24 weeks from discovery to production-ready screening and monitoring platform with audit trail and regulator-query runbook.

  • Baseline 3-5 jurisdictions; additional jurisdictions onboarded via rule-pack pattern at 2-4 weeks per jurisdiction thereafter[12].

  • 50-70% reduction in regulator query and audit prep time versus manual evidence collection, via automated generation from immutable audit trail.

Observations reflect the Pharos Production RegTech delivery portfolio 2020-2026. Full case studies in our case studies library.

Compliance and RegTech outlook 2026-2027

Three shifts are reshaping compliance engineering.

  • PEP, sanctions and adverse-media screening move from overnight batch to sub-second inline checks. FinTech platforms without real-time screening face customer abandonment at onboarding and regulatory scrutiny on latency[3].

  • High-risk AI system classification, documentation and monitoring requirements arrive as binding EU regulation. RegTech platforms without AI Act readiness cannot serve EU institutional customers[2].

  • Suspicious activity report generation shifts from rules-only to hybrid gradient-boosting plus rules. Teams without ML tier report higher false-positive rates and longer investigator queues[11].

Our four-dimension RegTech evaluation template

Every RegTech engagement we ship runs against the same four-dimension readiness evaluation before handover.

Eval template refreshes quarterly against latest FATF Recommendations, EBA PSD2 RTS and FSB regulatory publications.

Production post-mortem

When a sanctions list sync lag caused 47 minutes of exposure

A RegTech platform we shipped in Q4 2024 pulled OFAC and EU sanctions list updates hourly. A source publication change caused the scheduled sync to fail silently for three consecutive runs before the monitoring alert fired on the fourth, creating a 47-minute window where screening used stale data. No matches were missed in retrospective replay; the lag was detected and corrected within one monitoring cycle.

Sanctions list sync monitoring now uses both freshness alarm and content-hash change detection. Stale-data fail-closed mode added: screening continues but flags every result for human review when source age exceeds 90 minutes. Added to standard production readiness checklist.

How compliance metrics are validated
RegTech metrics counted: production compliance systems with real regulatory examiners passing audits on them. KYC improvements measured against pre-engagement approval times and drop-off rates. Alert quality improvements measured against false positive reduction and case investigation effectiveness. Last reviewed: July 2026. Editorial policy.
Regulatory scope and legal boundaries
Pharos Production builds compliance and RegTech software. We are not a legal or regulatory advisor. Regulatory interpretation, license holding and compliance program operation are the client responsibility. Software supports compliance officers - it does not replace them. Compliance attestations are issued by accredited auditors based on the systems we deliver.

Published record

Published Pharos research

Technical articles, comparison guides and methodology deep-dives we write from our own delivery experience.

Platforms we work with

Trusted by Coinbase, Consensys, Core Scientific, MicroStrategy, Gate.io and 10+ more Web3 and enterprise platforms

16+ partners

Our 16 technology partners include:

  • Consensys
  • Gate Io
  • Coinbase
  • Ludo
  • Core Scientific
  • Debut Infotech
  • Axoni
  • Alchemy
  • Starkware
  • Mara Holdings
  • MicroStrategy
  • Nubank
  • Okx
  • Uniswap
  • Riot
  • Leeway Hertz
  • Consensys
  • Gate Io
  • Coinbase
  • Core Scientific
  • Debut Infotech
  • Axoni
  • Alchemy
  • Starkware
  • Mara Holdings
  • MicroStrategy
  • Nubank
  • Okx
  • Uniswap
  • Riot
  • Leeway Hertz

Compliance solutions we deliver

  • KYC/AML platforms
    Identity verification systems with document scanning, liveness detection, PEP/sanctions screening and ongoing monitoring. Integrated with Jumio, Onfido, Sumsub.
  • Transaction monitoring
    Real-time transaction screening against risk rules and ML models. Suspicious activity reporting, case management and regulatory filing.
  • Regulatory reporting systems
    Automated report generation for financial regulators. MiCA, GDPR, PSD2 and jurisdiction-specific compliance templates.

About the founder and CTO

Dmytro Nasyrov

Dmytro Nasyrov

Founder and CTO Pharos Production

Ask the founder a question

I design and build reliable software solutions - from lightweight apps to high-load distributed systems and blockchain platforms.

PhD in Artificial Intelligence, MSc in Computer Science (with honors), MSc in Electronics & Precision Mechanics.

  • 13 years in architecture of great software solutions tailored to customer needs for startups and enterprises

  • 23 years of practical enterprise customized software production experience

  • Lecturer at the National Kyiv Polytechnic University

  • Doctor of Philosophy in Artificial Intelligence

  • Master's degree in Computer Science, completed with excellence

  • Master's degree in Electronics and precision mechanics engineering

Choose your cooperation model

Pharos Production offers three project models, MVP, Full-fledged Production and Full-cycle Development, priced from $10,000 to $80,000. An MVP prototype takes about 3 months.

Suitable for the project test
MVP

Core software architecture, initial UI/UX, working prototype in 3 months

$10,000 - $25,000
Popular choice
Suitable in 9 out of 10 cases
Full-fledged Production

Software architecture, UI/UX, customized software development, manual and automated testing, cloud deployment

$27,000 - $55,000
Turnkey development
Full-cycle Development

Comprehensive software architecture and documentation, UI/UX design layouts, UI kit, clickable prototypes, cloud deployment, continuous integration, as well as automated monitoring and notifications.

$55,000 - $90,000

Prices vary based on project scope, complexity, timeline and requirements. Hourly rates range from $35 to $75 depending on role and seniority. Contact us for a personalized estimate.

Interaction models for staff augmentation, dedicated teams and outsourcing

Request staff augmentation

Need extra hands on your software project? Our developers can jump in at any stage - from architecture to auditing - and integrate seamlessly with your team to fill any technical gaps.

Popular choice

Hire dedicated experts

Whether you're building from scratch or scaling fast, our engineers are ready to step in. You stay in control, and we handle the code.

Outsource your project

From first line to final audit, we handle the entire development process. We will deliver secure, production-ready software, while you can focus on your business.

187+ technologies

Technologies, tools and frameworks we use

Our engineers work with 187+ technologies across blockchain, backend, frontend, mobile and DevOps - chosen for production reliability and performance.

Our engineers work with 187+ technologies across 10 categories: Frameworks, AI, Blockchains, DevOps, Clouds, Databases, Brokers, Tests, Programming, UI/UX.

  • Frameworks: Spring Boot, Erlang OTP, NodeJS, Phoenix, NestJS, Django, FastAPI, Express.js, React, Next.JS, Svelte, Angular, Vue.js, Remix, Astro, Nuxt.js, iOS, Android, Flutter, React Native, Capacitors, Ionic, Swift, Kotlin, Java, Dart
  • AI: OpenAI GPT, Anthropic Claude, Google Gemini, Meta Llama, Mistral AI, Cohere, Ollama, xAI Grok, LangChain, LangGraph, CrewAI, AutoGen, Hugging Face, PyTorch, TensorFlow, scikit-learn, LlamaIndex, Keras, XGBoost, LightGBM, OpenCV, spaCy, ONNX Runtime, Pinecone, Weaviate, Qdrant, Chroma, pgvector, Milvus, FAISS, MLflow, Weights & Biases, DVC, Kubeflow, AWS SageMaker, Azure ML, Google Vertex AI, NVIDIA Triton, Airflow, Ray Serve, vLLM, OpenAI Agents SDK, Claude MCP, Semantic Kernel, Haystack
  • Blockchains: Ethereum, TON, Corda, Tron, Hedera, Stellar, Consensys GoQuorum, Solana, Arbitrum, Binance Smart Chain (BSC), Sei, Celo, Hyperledger, MultiversX, IOTA, Polkadot, Aptos, Neo, Flow, Algorand, Avalanche, EOS, Optimism, Polygon, Cosmos, Sui, Tezos, Ontology, Fantom, NEAR Protocol, VeChain, Base, IPFS, Amazon Managed Blockchain, Amazon QLDB, IBM Blockchain, Oracle Blockchain
  • DevOps: Kubernetes, Terraform, Docker, Istio, Prometheus, Grafana, Jenkins, ArgoCD, Ansible, GitHub Actions, GitLab CI, Pulumi, Datadog, New Relic, Vault
  • Clouds: Amazon Web Services, Azure, Google Cloud, Cloudflare, Vercel, DigitalOcean
  • Databases: PostgreSQL, MySQL MariaDB, Redis, Cassandra, Neo4J, MongoDB, Elasticsearch, Solr, Ignite, ClickHouse, TimescaleDB, DynamoDB, Supabase, CockroachDB, ScyllaDB
  • Brokers: Kafka, RabbitMQ, Flink, Apache Pulsar, Amazon SQS, Amazon SNS, NATS
  • Tests: Postman, Appium, Cucumber, Selenium, JMeter, Cypress
  • Programming: Solidity, FunC, Rust, GoLang, Elixir, Erlang, C++, Java, JavaScript, TypeScript, Scala, Python, C#, .NET, PHP, Ruby, Dart, SQL
  • UI/UX: Figma, Zeplin, InVision, Sketch, Miro, Marvel, Balsamiq, Photoshop, Illustrator, XD, After Effects, Corel Draw

Frameworks

Backend Frameworks 8

Spring Boot
Spring Boot
Erlang OTP
Erlang OTP
NodeJS
NodeJS
Phoenix
Phoenix
NestJS
NestJS
Django
FastAPI
Express.js

Front End Frameworks 8

React
React
Next.JS
Next.JS
Svelte
Svelte
Angular
Angular
Vue.js
Remix
Astro
Nuxt.js

Mobile Apps Frameworks 10

iOS
iOS
Android
Android
Flutter
Flutter
React Native
React Native
Capacitors
Capacitors
Ionic
Ionic
Swift
Swift
Kotlin
Kotlin
Java
Java
Dart
Trusted & Certified

Partnerships and awards

Recognized on Clutch, GoodFirms and The Manifest for software engineering excellence

  • Partner1
  • Partner2
  • Partner3
  • Partner4
  • Partner5
15+ industry awards
Related guides: How to Choose a FinTech Company How We Build FinTech

An approach to the development cycle

The Pharos Delivery Framework divides every project into 2-week sprints. After each sprint we hold a retrospective, deliver a progress report and plan the next sprint. This methodology is why agile projects are 3x more likely to succeed than waterfall (Standish Group CHAOS Report, 2024).

  1. Team Assembly

    Our company starts and assembles an entire project specialists with the perfect blend of skills and experience to start the work.

  2. MVP

    We'll design, build and launch your MVP, ensuring it meets the core requirements of your software solution.

  3. Production

    We'll create a complete software solution that is custom-made to meet your exact specifications.

  4. Ongoing

    Continuous Support

    Our company will be right there with you, keeping your software solution running smoothly, fixing issues and rolling out updates.

Proven Results

Kimlic. Blockchain-based KYC

Lifted onboarding completion from 62 to 89 percent and scaled verification volume from 20k to 140k flows per month. Measured…

Pleenk. Secure Payments Platform

Reduced payment authorization p95 latency from 820ms to 180ms and cut KYC decision time from 45s to 4.2s. Measured against…

Nextcheck, the KYC Platform

Automated KYC verification for 5,000+ documents daily with 99.8% accuracy

RegTech and compliance insights

A stainless steel vault door slightly ajar revealing a stack of translucent compliance certificates with embossed seals.
Engineering

FinTech Compliance Checklist 2026: PCI DSS, SOC 2, GDPR and Beyond

What compliance certifications does a FinTech product need? The required certifications depend on your product type, target market and data handling practices. At minimum, most FinTech products need SOC 2 Type II for data security, PCI DSS if handling payment card data and GDPR compliance for EU users. PCI DSS compliance checklist PCI DSS applies […]

Dmytro Nasyrov 2 min read
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Skip glossary

Compliance and RegTech Glossary 6

KYC (Know Your Customer)
A regulated onboarding process requiring financial institutions to verify customer identity, assess risk profile and screen against sanctions lists before establishing a business relationship.
AML (Anti-Money Laundering)
A framework of laws, regulations and procedures - aligned to FATF recommendations and local statutes such as the US Bank Secrecy Act - that requires institutions to detect, report and prevent money-laundering activity.
Transaction Monitoring
Automated real-time or batch-based analysis of financial transactions against risk rules and behavioral baselines to identify suspicious patterns that may require SAR filing.
SAR (Suspicious Activity Report)
A mandatory report filed with FinCEN (US) or equivalent national FIU when a financial institution identifies a transaction that may involve money laundering, fraud or other financial crime.
MiCA (Markets in Crypto-Assets Regulation)
An EU regulatory framework effective 2024-2025 that establishes licensing, disclosure and AML/KYC requirements for crypto-asset service providers operating in European Economic Area member states.
PEP (Politically Exposed Person)
An individual who holds or has held a prominent public function - such as a head of state, senior government official or senior executive of a state-owned enterprise - requiring enhanced due diligence under AML frameworks.

Frequently asked questions about Compliance and RegTech Solutions

Last updated:

  • Copy link Copies a direct link to this answer to your clipboard.

    For early-stage FinTech, buy. Sumsub, Onfido, Alloy, ComplyAdvantage cover 80% of KYC/AML needs in weeks at moderate cost. Build custom when: your scale makes per-check pricing dominate your P&L, you need jurisdictional compliance not covered by vendors, you have proprietary data that must stay in-house or you need deep integration with a core system the vendor does not support. Typical crossover point: $5-10M monthly transaction volume.

  • Copy link Copies a direct link to this answer to your clipboard.

    For identity verification we integrate Sumsub, Onfido, Persona, Jumio or ComplyCube depending on the client's coverage and risk appetite. For business verification (KYB) we use Alloy, Middesk or Coris. Sanctions screening via ComplyAdvantage, Dow Jones or WorldCheck. PEP screening via ComplyAdvantage or Refinitiv. All providers are integrated via Pharos-owned abstraction layer so providers can be swapped without rewriting the application.

  • Copy link Copies a direct link to this answer to your clipboard.

    Layered approach: (1) deterministic rules for sanctioned parties, structuring patterns and hard compliance requirements; (2) risk scoring via gradient boosting models trained on historical alert quality; (3) graph analytics for network-level risk (counterparty risk, money mule detection). The ML layer prioritizes human attention - it does not replace the human case review.

    All decisions are logged with the full rule firing history for examiner audit.

  • Copy link Copies a direct link to this answer to your clipboard.

    Deterministic read layer over the client canonical ledger. SAR (Suspicious Activity Report), CTR (Currency Transaction Report), 314(b) information sharing, Form 8300 - all generated from ledger data without manual entry. Every report includes a diff from the prior period so examiners can trace deltas quickly. We do not interpret regulatory requirements - the compliance officer owns that, the software enforces what the officer defines.

  • Copy link Copies a direct link to this answer to your clipboard.

    Yes, with the client compliance officer driving. We build systems to be "examiner-ready" from the start: every compliance decision has a timestamp, rule identifier, officer identifier and full input snapshot.

    Audit trails are immutable (PostgreSQL event log + append-only). We have walked clients through FinCEN, FCA and state-level examinations. Pharos is aligned with ISO 27001 so the infrastructure side passes audits cleanly.

  • Copy link Copies a direct link to this answer to your clipboard.

    RegTech MVP 3-6 months: 4-6 weeks discovery + regulatory framework mapping, 10-16 weeks build (rule engine, integrations, audit trails, reporting), 4-6 weeks examiner walkthrough and evidence collection setup. Full platform with multi-jurisdiction support and ML augmentation runs 6-14 months.

    Regulatory interpretation workshops with the client's legal counsel are a critical-path item - budget at least 2-3 weeks of counsel time across the engagement.

  • Copy link Copies a direct link to this answer to your clipboard.

    Yes. Travel rule integration via Notabene, Sumsub or Chainalysis KYT. MiCA compliance design (token classification, issuer obligations, whitepaper publication, operating rules). On-chain analytics via Chainalysis or TRM Labs for sanctions screening on crypto addresses. We do not provide legal opinions on token classification - clients must engage qualified counsel before operating in regulated crypto markets.

  • Copy link Copies a direct link to this answer to your clipboard.

    We decline projects where off-the-shelf covers 80% of needs, compliance work without a defined regulatory framework and jurisdiction, KYC/AML builds without a sponsor bank or licensed entity and "avoid regulation" projects dressed up as compliance. We also decline "build a compliance officer" projects - software supports compliance officers, it does not replace them.

The Pharos takeaway on compliance and RegTech

RegTech rewards teams that treat regulation as code, not policy. Pharos ships compliance systems with rule-ID traceability, immutable audit trails and sub-second screening, and declines engagements where regulatory posture is an afterthought[11].

Book a 30-minute RegTech readiness call
Dmytro Nasyrov, Founder and CTO at Pharos Production
Dmytro Nasyrov Founder & CTO Let's work together!

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Our offices

Headquarters in Las Vegas, Nevada. Engineering office in Kyiv, Ukraine.

We also work with clients through dedicated local teams in Las Vegas, New York and San Francisco.

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Headquarters PT
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