---
description: Review of Trapets Software: system overview, features, price and cost information. Get free demos and compare to similar programs.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png
title: Trapets | Reviews, Pricing & Demos - SoftwareAdvice AU
---

Breadcrumb: [Home](/) > [Compliance Software](/directory/4363/compliance/software) > [Trapets](/software/439084/trapets)

# Trapets

Canonical: https://www.softwareadvice.com.au/software/439084/trapets

> Trapets is a technology provider of solutions that detect and prevent financial crime, including anti-money laundering (AML), know-your-customer (KYC), and market abuse. Since 2000, Trapets has worked with more than 500 customers, ranging from small financial firms to regulators, and has been named among the world’s top 100 RegTech companies.

Instantwatch is a platform by Trapets that helps businesses fight financial crime by providing solutions to comply with the EU's Anti-money Laundering Directives (AMLD), Market Abuse Regulation (MAR), and Market in Financial Instruments Directive (MiFID). It enables efficient processes to help boost operational efficiency and prevent illicit activity. It consolidates all the compliance processes in one platform, saving time and resources.

It is scalable, reliable, and future-proof, adapting to evolving regulations and criminal methods.

Solutions include:

- Customer onboarding and due diligence
- Sanctions and PEP screening
- Transaction monitoring
- Market and trade surveillance
> 
> Verdict: Rated **4.3/5** by 3 users. Top-rated for **Likelihood to recommend**.

-----

## Quick Stats & Ratings

| Metric | Rating | Detail |
| **Overall** | **4.3/5** | 3 Reviews |
| Ease of Use | 3.7/5 | Based on overall reviews |
| Customer Support | 4.7/5 | Based on overall reviews |
| Value for Money | 3.3/5 | Based on overall reviews |
| Features | 4.0/5 | Based on overall reviews |
| Recommendation percentage | 80% | (8/10 Likelihood to recommend) |

## About the vendor

- **Company**: Trapets

## Commercial Context

- **Target Audience**: 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+
- **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Linux (Desktop), Chromebook (Desktop)
- **Supported Languages**: English
- **Available Countries**: Finland, Norway, Sweden, United Kingdom

## Features

- ACH Payment Processing
- API
- Access Controls/Permissions
- Activity Dashboard
- Activity Tracking
- Alerts/Escalation
- Alerts/Notifications
- Approval Process Control
- Assessment Management
- Authentication
- Background Screening
- Behavior Tracking
- Behavioral Analytics
- Case Management
- Compliance Management
- Compliance Tracking
- Configurable Workflow
- Contact Database
- Core Banking
- Customer Data Management

## Support Options

- Email/Help Desk
- FAQs/Forum
- Knowledge Base

## Category

- [Compliance Software](https://www.softwareadvice.com.au/directory/4363/compliance/software)

## Related Categories

- [Compliance Software](https://www.softwareadvice.com.au/directory/4363/compliance/software)
- [KYC Software](https://www.softwareadvice.com.au/directory/4611/kyc/software)
- [Banking Software](https://www.softwareadvice.com.au/directory/4216/banking-systems/software)
- [Financial Risk Management Software](https://www.softwareadvice.com.au/directory/4165/financial-risk-management/software)
- [AML Software](https://www.softwareadvice.com.au/directory/4335/aml/software)

## Alternatives

1. [Sumsub](https://www.softwareadvice.com.au/software/84225/sumsub-kycaml-platform) — 4.7/5 (70 reviews)
2. [Flagright](https://www.softwareadvice.com.au/software/449780/Flagright) — 4.9/5 (14 reviews)
3. [MemberCheck](https://www.softwareadvice.com.au/software/331737/membercheck) — 4.8/5 (15 reviews)
4. [Shufti](https://www.softwareadvice.com.au/software/182896/shufti-pro) — 4.2/5 (45 reviews)
5. [Didit](https://www.softwareadvice.com.au/software/522585/Didit) — 5.0/5 (8 reviews)

## Reviews

### "SME in Trapets cloud" — 5.0/5

> **Mats** | *16 May 2024* | Investment Management | Recommendation rating: 9.0/10
> 
> **Pros**: Good quality product with easy deployment
> 
> **Cons**: Expensive licens and fairy expensive deployment

-----

### "Market abuse service" — 5.0/5

> **Jonas** | *20 May 2024* | Banking | Recommendation rating: 8.0/10
> 
> **Pros**: Trapets offer us a total service and handle everything regarding market abuse.
> 
> **Cons**: Expensive in relation to our limited use

-----

### "AMF Fonder" — 3.0/5

> **Elisabet** | *9 April 2024* | Financial Services | Recommendation rating: 6.0/10
> 
> **Pros**: Trapets is stable and reliable to use daily.
> 
> **Cons**: We can handle the system daily, but sometimes we don´t have the knowledge to use the system at it´s full potential.
> 
> The system is stable and reliable, which is important for us.

## Links

- [View on SoftwareAdvice](https://www.softwareadvice.com.au/software/439084/trapets)

## This page is available in the following languages

| Locale | URL |
| en | <https://www.softwareadvice.com/banking-systems/trapets-profile/> |
| en-AU | <https://www.softwareadvice.com.au/software/439084/trapets> |
| en-GB | <https://www.softwareadvice.co.uk/software/439084/trapets> |
| en-IE | <https://www.softwareadvice.ie/software/439084/trapets> |
| en-NZ | <https://www.softwareadvice.co.nz/software/439084/trapets> |

-----

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