How Fyorin cut compliance processing with spektr

Fyorin is a unified financial operations and treasury platform that helps global businesses centralize cash visibility, automate payments and expenses, and access multi-currency banking through a single interface.

The Challenge

Fyorin’s platform is redefining and modernizing global financial operations and banking, aiming to make cross-border financial management as seamless as possible. As the company scaled, it became clear that traditional compliance tools were no longer keeping up with the pace and complexity of their operations. They were on the lookout for a solution that could bring clarity and efficiency to a notoriously complex area: compliance operations.

Their clients, frequently operating across multiple jurisdictions, faced a dense and ever-shifting web of regulatory requirements. This not only introduced risk but also hampered the speed at which Fyorin could onboard and serve new clients. The friction in meeting compliance demands risked slowing their ambitious growth trajectory.

Manual risk assessments, in particular, were a significant source of operational drag. Outdated client profiles, lengthy Enhanced Due Diligence (EDD) processes, and a limited ability to manage cases in bulk made it difficult to scale without adding headcount or sacrificing oversight. Without real-time visibility, risk gaps weren’t just possible, they were inevitable.

“We needed to move beyond reactive compliance,” says Adrian Vella, Head of Compliance. “Manual processes were creating friction in an industry where speed and accuracy are everything.”

From day one, Fyorin recognized that solving this would require more than incremental change - it would require a complete rethink of how compliance could be embedded into operations.

The Vision

Adrian and his team envisioned a compliance function that could match the speed, flexibility, and innovation of their own product. In their minds, compliance shouldn't be a bottleneck, it should be a competitive advantage. They were searching for more than just another system to manage checks and tasks. They needed a platform that could keep up with regulatory complexity, but without slowing them down.

“We needed something flexible, scalable, and smart,” Adrian explains. “A solution that wouldn’t hold us back.”

The search led them to spektr. What stood out was more than just the technology, it was the philosophy behind it. Built with scale and configurability in mind, spektr aligned with Fyorin’s vision for intelligent, adaptive compliance.

Mikkel Skaranger, CEO of spektr, recalls their first conversations with the Fyorin team:

“They were clear from the outset. They didn’t want a plug-and-play system. They wanted a partner who understood the nuances of compliance and could grow with them. That’s exactly where spektr thrives.”

The Build

The collaboration kicked off with a deep dive into Fyorin’s existing workflows. Rather than attempting to overhaul everything at once, the team took a structured approach, mapping current processes, identifying friction points, and targeting areas where automation could have the highest impact.

spektr’s no-code platform allowed the Fyorin compliance team to build and refine workflows without needing to pull engineers off core product work. This self-sufficiency was a major unlock, empowering compliance to move at the same speed as product and operations.

The turning point came with the implementation of spektr’s intelligent risk engine. Manual reviews were replaced with real-time assessments that updated dynamically based on live data. Bulk case processing significantly reduced repetitive effort, while integrated audit trails improved transparency and oversight across the board.

“With spektr, we went from concept to production in record time. It felt like a natural extension of our compliance strategy,” Adrian reflects.

Erik Wagner, co-founder interface between spektr and our clients, shares what made the rollout so smooth:

“Fyorin had a clear strategy, and we had the tools to support it. Our modular approach meant they could implement only what they needed, and expand at their own pace.”

The Advantage

Today, what was once a slow, manual, and reactive function is now a fast, automated, and strategic capability embedded into Fyorin’s operations. The shift is visible in day-to-day results. EDD processes that previously took days are now completed in a matter of hours. Risk profiles stay current through automatic updates, and the team can focus on proactive risk management instead of chasing documentation.

“Our compliance function became a growth enabler,” says Adrian.

That transformation has had ripple effects. Automation has improved onboarding times and reduced false positives. It has also increased the team’s confidence when entering new markets, knowing their compliance processes can scale with demand. In an industry where reputation is everything, having a modern, adaptable compliance platform is a clear competitive edge.

From spektr’s perspective, this kind of outcome is exactly what the platform was built for.

“Too often, compliance is seen as a necessary evil,” says Mikkel Skaranger. “But when it’s embedded thoughtfully and supported by the right tools, it becomes a driver of trust, speed, and growth. That’s what we saw happen with Fyorin.”