Home > Compliance Software > Trapets
Trapets is a top RegTech firm helping businesses fight financial crime with AML, KYC, and market surveillance tools. Its Instantwatch platform ensures compliance with AMLD, MAR, and MiFID for over 500 clients, providing end-to-end solutions from onboarding to transaction and market monitoring.
The Smyte Score is a weighted average from leading review sites across the web.
Comprehensive Financial Crime Prevention:
Trapets offers an all-in-one solution encompassing anti-money laundering (AML), know-your-customer (KYC) processes, and market abuse prevention. This integrated approach allows organizations to streamline compliance efforts effectively.
Scalable and Future-Proof Platform:
The Instantwatch platform is designed to be scalable and adaptable, ensuring it can handle large volumes of data and adjust to evolving regulations and criminal tactics.
High Customer Support Satisfaction:
Users have praised Trapets for its responsive and helpful customer support, contributing to a smoother user experience.
High Licensing and Deployment Costs:
Some users have noted that the licensing fees and deployment costs are relatively high, which may be a consideration for smaller organizations.
Steep Learning Curve:
Users have reported that the system can be complex, requiring time and training to utilize its full potential effectively.
Limited Pricing Transparency:
The absence of publicly available pricing information necessitates direct contact with the vendor for quotes, which some users find inconvenient.
** Smyte uses AI to analyze online reviews, extracting key pros and cons by identifying patterns and summarizing customer feedback into actionable insights.