Mongolian fintech pioneer chooses ThirdEye to power its Australian compliance operations.
The first Mongolian non-bank financial institution to enter Australia partners with ThirdEye to detect and prevent financial crime from day one.
Advance Credit has selected ThirdEye’s transaction monitoring and customer screening platform to underpin its Australian market entry, becoming the first Mongolian non-bank financial institution (NBFI) to operate with enterprise-grade compliance capabilities in the Australian market, with its compliance framework designed to align with the regulatory expectations of AUSTRAC (Australian Transaction Reports and Analysis Centre) and ASIC (Australian Securities and Investments Commission). The company soft-launched remittance services in October 2025, with full operations planned for March 2026.
ThirdEye’s platform protects over 100 financial institutions across Australia, New Zealand, and the UK, processing more than 300 million transactions annually. For Advance Credit, which serves the growing Mongolian-Australian community with cross-border remittance services, choosing the right compliance partner from the outset wasn’t optional. Australia’s payments regulation landscape is actively evolving, and new market entrants face immediate scrutiny.
Building a compliant remittance service
ThirdEye configured its platform specifically for the Australia–Mongolia remittance corridor, including enhanced monitoring for cross-border transaction patterns, customer due diligence against global watchlists, and streamlined case management aligned with both Australian and Mongolian regulatory requirements.
“ThirdEye makes it possible to serve our community responsibly. That’s not a small thing, it’s the whole point,” said Khulan Davaadorj, Chairwoman of the Board at Advance Credit. “Their deep understanding of local regulatory requirements and flexible approach to configuration made them the right fit for our expansion. This partnership reflects our commitment to responsible growth and protecting our customers.”
Fintech innovation and compliance as one
“Advance Credit’s decision to invest in compliance infrastructure before they’ve even fully launched is exactly the right approach,” said Daniel Saade, ThirdEye’s Head of Revenue. “We protect businesses by automating complex regulatory processes so they can focus on serving customers, and that’s precisely what we’re enabling here. We’re proud to support Advance Credit as they build something that genuinely connects communities.”
Advance Credit’s Australian expansion gives the Mongolian diaspora community greater access to reliable, transparent remittance services, while demonstrating that responsible financial innovation and strong compliance aren’t in tension, they’re the same thing.
Fight financial crime with a partner who gets it
ThirdEye helps mid-sized financial institutions across Australia, New Zealand, and the UK detect and prevent financial crime, without the complexity of enterprise software or the limitations of off-the-shelf tools. Trusted by over 100 businesses and processing more than 300 million transactions annually, we combine powerful automation with expert local support.
Learn more about the ThirdEye AML compliance platform.
