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Trapets Logo

Stay ahead of financial crime

Last updated: May 2024

Trapets Pricing, Features, Reviews and Alternatives

Trapets FAQs

Q. Who are the typical users of Trapets?

Trapets has the following typical customers:
Large Enterprises, Mid Size Business, Small Business

These products have better value for money


Q. What languages does Trapets support?

Trapets supports the following languages:
English


Q. Does Trapets offer an API?

No, Trapets does not have an API available.


Q. What level of support does Trapets offer?

Trapets offers the following support options:
Email/Help Desk, Knowledge Base, FAQs/Forum

Trapets product overview

What is Trapets?

Trapets is a leading technology provider for fighting financial crime, offering anti-money laundering (AML), know-your-customer (KYC), and market abuse solutions. 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.

Key benefits of using Trapets

- Efficiency: Enable more efficient processes to comply with the regulations and prevent financial crime.
- Comprehensive platform: Consolidate compliance processes in one platform, which saves time, costs, and resources.
- Scalability: Trapets' platform Instantwatch is scalable, reliable, and future-proof, as it can handle large volumes of data, has high availability, and can adapt to changing regulations and criminal methods.
- Processing power: Instantwatch can process large amounts of data, pattern analysis, alerts, and risk calculations, with a 99.7% uptime.

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

Email/Help Desk
Knowledge Base
FAQs/Forum

Training options

Documentation
Live Online
In Person

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Why am I seeing this?

Trapets features

Functionality

4.0

/5

3

Total features

59

5 categories

Most valued features by users

Activity Dashboard
Third-Party Integrations
API
Reporting/Analytics
Data Import/Export
Alerts/Notifications
Reporting & Statistics
Compliance Management

Functionality contenders

Trapets users reviews

Overall Rating

4.3

/5

3

Positive reviews

67

%

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend7.67/10
Rating distribution

5

4

3

2

1

2

0

1

0

0

Overall rating contenders

MH
AvatarImg

Mats H.

Investment Management, 11-50 employees

Used daily for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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SME in Trapets cloud

Reviewed 6 months ago
Pros

Good quality product with easy deployment

Cons

Expensive licens and fairy expensive deployment

JL
AvatarImg

Jonas L.

Banking, 51-200 employees

Used monthly for 2+ years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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Market abuse service

Reviewed 6 months ago
Pros

Trapets offer us a total service and handle everything regarding market abuse.

Cons

Expensive in relation to our limited use

ED
AvatarImg

Elisabet D.

Financial Services, 51-200 employees

Used daily for 1-2 years

Review source

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend6/10

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AMF Fonder

Reviewed 7 months ago

The system is stable and reliable, which is important for us.

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.

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