Thinkmoney believes that its decision to use Wynyard AML software will make it a market leader.

Thinkmoney, the firm that provides the 'thinkmoney Personal Account', an alternative to traditional high street bank accounts, decided in 2013 to use Wynyard's anti-money-laundering software and has now 'gone public' with its choice. It is touting this decision as a market-leading one.

Thinkmoney chose Wynyard "because the software was more cost-efficient than developing a solution internally, the web-based delivery of the software minimised the internal IT resourcing required and Wynyard offered comprehensive professional support services." It says that the software was easier to use than others and was more 'configurable', i.e. easier to set up. It is also impressed by the fact that the software dovetails nicely with 'politically-exposed person' and sanctions lists and requires a trifling amount of maintenance.