Ermi for licenced firms: You’ve got a licence. Now you need a straightforward transaction monitoring system.

Ermi is the ideal starting point if you don’t have a transaction monitoring system in place yet.

Or, even if you do, switching to Ermi could be a smart move. Ermi is more affordable and ultra-pragmatic.

It’s about being compliant and staying protected. Nothing else.

Speak to one of our expert MLROs

Easy to get set up

Integration is really easy. Ermi works with basic spreadsheets and the tools you already use. We can even have you up and running within a day.

Real human support

The person on the other end of the phone is an expert and they’re not far away. No waiting for your ticket to come to the top of the queue. We’re here.

Fixed at a low price

For one price, you get everything. Our pricing structure is not based on daily usage and we’re not price-gating on customisation.

Automated magic

Reports appear just where you would like them to, in a format that you understand. You get your time back against a manual process, and it’s more robust.

What we give you.

Everything you need to get started or move to more frequent running.

  • Choose from daily or weekly analysis Run at a frequency that makes most sense to you. Our pricing isn’t based on a per-transaction fee.
  • The rules are built in and customisable One of the reasons Ermi is so affordable, is because everyone starts with the same ruleset. Then it can be customised and tuned.
  • We support 160+ currencies All transactions are converted to a home base currency for monitoring.
  • Get an auditable trail Prove you’ve done the monitoring. Get a folder of reports to share with the regulator. You always own and keep your data.
  • Support from a top-tier MLRO Get your compliance model validated. We talk you through the process and find the best fit for you.
  • Your technical set up. Running and tested. Ermi gives you insight into what’s happening with your management information (MI).

Our rulesets

Ermi has rules perfect for licenced firms:

Expected volumes: Compare client volumes against their profiles on a daily, quarterly or annual basis to ensure they are in line with profiles, no matter what currencies they trade in.

Duplicate Payer rules: Monitor your client activities across multiple countries, entities or agents with our duplicate payer detection, using unique data points or repeat use of photo ID numbers.

High Risk Recipients: With a large and established client base, your firm risks being used for Structuring. Detect multiple payments to the same recipient with Ermi’s high risk IBAN rules.

Pricing

The world’s least complicated, most affordable way to monitor transactions.

Get daily or weekly running for one price. We don’t do per-transaction fees and there are no hidden extras.



£600 + VAT per month for weekly automation

£2,000 + VAT per month for daily automation


Find out how Ermi can work for you

How ERMI works

More intelligence, less artificial. Ermi uses the tools you already know how to use (like Excel and Google Drive) with minimal setup. We have the power tools your IT department need like integration with AWS S3 and Azure.

  1. 1 Your IT team upload data to Ermi and sets to work
  2. 2 Ermi does the maths and flags any issues
  3. 3 Ermi sends a spreadsheet report straight back to you

Already got a transaction monitoring system? What’s your backup?

You need to show you are covered if your system goes down. We’ve got your back (up).

Find out how Ermi works as a backup

We’ve sat through a lot of demos for transaction monitoring products and services. We can honestly tell you that a lot of people have spent a lot of time building really good user interfaces, case management tools and APIs.

Here’s the BUT. You don’t actually need any of those things to meet your regulatory requirements. They might look good, but they add huge complexity to the integration process. And they make the setup process for a new vendor a much more time-consuming activity. Ermi uses the tools you’ve already got: spreadsheets. A spreadsheet goes in, a spreadsheet comes out. It’s safe and the data is always yours.

We haven’t tried to produce a tool to compete with these top end firms, we’ve built a tool which is designed to meet your regulatory requirements and achieve one objective - to catch financial crime!

We like sticky problems and calls for support.

You won’t get through to a sales team. We’re Money Laundering Reporting experts who actually like hearing from you, whatever the question might be.

hello@ermitm.com