Compared
Certaby vs Armalytix
Armalytix is a UK fintech focused on source of funds and source of wealth. It uses open banking to let a client share bank data so a conveyancer or accountant can evidence where the money came from, and it categorises transactions to flag anything that needs a closer look. That is a different job from name-based AML screening. Certaby screens the parties against the sanctions lists and overlays property risk, and produces one signed certificate per matter. The two sit side by side in a conveyancing file rather than replacing each other.
Be clear on what you are buying. If you need automated open-banking source of funds, Armalytix is the specialist and Certaby does not replace it (Certaby's source of funds review reads the statements the person uploads, from £9.99 a person; it isn't Open Banking). Where Certaby fits is the AML screening and property-risk side of the same matter, per check (a sale with a buyer, a seller and the property risk pack is £4.07) with no contract. Many firms run both: Armalytix for the bank-data SoF evidence, Certaby for the sanctions screening and the property pack, each on the matter file.
| Feature | Certaby | Armalytix |
|---|---|---|
| Primary job | Name screening (sanctions) + property risk | Source of funds / source of wealth via open banking |
| Open-banking source of funds | No; a review of uploaded bank statements instead (from £9.99 a person) | Core product; bank-data sharing + transaction categorisation |
| Sanctions / PEP / adverse-media screening | UK, UN, EU and US sanctions lists on every party; PEP and adverse media as a 40p add-on | Not the focus; some AML checks via partners |
| Property risk (flood, crime, EPC) | The property risk pack | Not in scope |
| Pricing model | Per check, a sale from £2.78, no contract | Per check / per case, quote-led; volume plans |
| Evidence artefact | Hash-bound signed certificate + public verify URL (7y) | SoF report with the categorised bank data |
| Replaces the other? | No, it runs alongside SoF | No, it does not screen names or property |
Where Armalytix wins
- Source of funds is exactly what Armalytix is built for. Open-banking bank-data sharing plus transaction categorisation is a genuinely hard thing to do well, and Certaby doesn't offer it: Certaby reviews the statements the person uploads instead. For reg 33 enhanced cases that turn on where the money came from, Armalytix's bank data is the stronger evidence.
- Armalytix gives the client a guided way to share statements securely, which is smoother than asking for PDF bank statements by email. Certaby has no equivalent client SoF journey yet.
- If your firm has standardised on Armalytix for SoF across matters, keep it. Certaby is the screening and property layer next to it, not a rip-and-replace.
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Frequently asked questions
Is Certaby an Armalytix alternative?
Only for part of the job. They do different things: Armalytix evidences source of funds from open-banking data; Certaby screens the parties against the sanctions lists and overlays property risk. If you came looking to replace Armalytix's Open Banking reports, Certaby doesn't do that: its source of funds review reads the bank statements the person uploads (from £9.99 a person). If you need the AML screening and property pack that sits alongside SoF, that is exactly what Certaby is.
Can I use both Armalytix and Certaby on the same matter?
Yes, and many firms do. Armalytix produces the source-of-funds evidence; Certaby produces the sanctions screening certificate plus the property risk pack. Both drop onto the matter file as separate evidence, each with its own audit trail.
Does Certaby offer source of funds?
Yes, as a review of the bank statements the person uploads: from £9.99 a person, with our report by the end of the next working day. Open Banking source of funds, where the bank sends the data directly, isn't offered yet; we would add it through a licensed provider rather than build it ourselves.
Or see the 5-vendor matrix to compare Certaby against all peers in one view, run the free suite demo for no card, or review pricing.