The Candycrush of Anti-Money Laundering

Credas, the leading anti-money laundering technology provider to property firms and the legal sector, currently sits in the top 20 of all UK business apps in the Google Play Store and the Apple Store.

The Welsh proptech firm sits alongside the likes of Slack and Amazon Flex, ranking above Google Chat, Reed and Etsy.

The Credas app allows business users to reliably and instantly verify the identification of their customers and is fully compliant with evolving HMRC anti-money laundering regulations. Features include the ability to validate live facial recognition using unique biometrics plus checking of individuals against the PEP list (Politically Exposed Persons).

To date, the Credas app has been downloaded over 1.1million times – so by more people than actually buy a home in the UK each year.

Tim Barnett, CEO of Credas Technologies says:

“Many people may perceive that apps are predominantly for ordering takeaways or for gaming whilst on the move. However the range of business apps for IOS and Android users that are now available and used regularly saw growth of 90% in 2020.

Our AML application for mobile has become a must-use utility for busy and savvy estate agents and lawyers and is growing at an astounding rate. This growth has been facilitated by over 100,000 Apple Store and Google Play reviews with an average rating of 4.6 out of 5, a huge achievement for a digital business product – albeit I accept it’s not exactly Candycrush.”

The Credas app can be downloaded for IOS here and for Android here.

App Stats:

> In 2020, business apps saw a big rise as global downloads increased by approximately 90%

> Overall app revenue growth is an average of 22.4% per year (2017-2021)

> Non-gaming app revenue growth is an average of 60.1% per year (2016-2020)

> Games remain the most popular type of apps downloaded in the Apple App Store. As of August 2020, these make up 21.86% of all downloads. Business apps follow in second place with a 10.11% share.