The pricing and company information featured in this article was sourced from official websites and public materials as of May 2025
Armalytix has quickly become a well-known name in the legal and financial services space, particularly for Source of Funds checks, client verification, and pre-transaction risk assessments.
It’s often praised for ease of use, FCA registration, and integrations with platforms like InfoTrack, Thirdfort, and various CRMs.
But while the product is clear, the pricing isn’t always.
Armalytix doesn’t publicly list most of its fees, and its usage-based model can lead to unexpected costs, especially for firms running high-volume onboarding or dealing with multiple client cases each week.
If you’re in legal, accounting, or insolvency work and rely on Source of Funds data for compliance and onboarding, this guide will help you assess whether Armalytix is the right fit or costing you more than it should.
Armalytix Pricing Breakdown: What You’re Likely Paying For
Armalytix operates on a usage-based pricing model, meaning you typically pay per check, per report, or per user, depending on the service tier and integration level. However, official pricing isn’t openly published on their website, which means most firms discover the cost only after onboarding or engaging in sales calls.
Here’s what we know from client reports, industry feedback, and third-party listings:
Core Products and Services
| Product / Feature | Description |
|---|---|
| Source of Funds Checks | Bank data access + categorised reports for AML & client onboarding |
| Questionnaires & Risk Assessments | Customisable digital forms pre-integrated with AML workflows |
| Proof of Funds / Transaction Flow Reports | Timeline-based financial activity breakdowns (salary, gambling, loans etc.) |
| Account Verifications | Confirmation of account ownership for payment workflows |
How Armalytix Typically Prices
| Pricing Component | Detail |
|---|---|
| Per-Report Charges | Billed per SoF/SoW report or bank data extraction |
| User/Seat Licensing | For team-based accounts or firm-wide access (especially in CRMs) |
| Volume-Based Discounts | May be offered for high-usage legal/accountancy platforms |
| Integration Costs | Some API-based or white-label integrations may incur additional fees |
| Custom Pricing for Partners | Larger platforms may receive bundled pricing or reseller models |
Example: What a Mid-Sized Legal Firm Might Pay
- 10–20 checks per month → Estimated £6–£10 per check
- Additional fees if using platform plugins or requesting bank statements from multiple accounts per client
- Ongoing access costs if using embedded workflows or branded versions
Most legal and insolvency firms report paying £60–£200+ monthly, depending on usage, though this can grow quickly as caseloads rise.
An Affordable Open Banking Alternative with Instant Bank Data
If you’ve ever paid extra just to add a new user, unlock a basic feature, or access one more client account, you’re not alone. Most Open Banking providers weren’t designed for lean teams with real budget limits.
Whether you’re a startup lawtech platform or a mid-size firm managing dozens of checks monthly, Finexer keeps your costs predictable and fair.
Here’s how:
1. No Setup Fees, No Cancellation Charges
You can get started without paying a penny upfront and walk away at any time. There are no hidden onboarding fees or exit penalties baked into contracts.
2. Transparent, Usage-Based Pricing
No per-user licensing. No minimum contract terms. You only pay for what you use, ideal for firms with fluctuating volumes or multiple departments sharing access.
3. Free Dashboard Access
You get full access to Finexer’s dashboard for managing bank data requests, downloading reports, and tracking activity at no additional cost.
4. Unlimited Sandbox for Testing
Finexer offers free, unrestricted sandbox access for testing your workflows. Ideal for teams that want to prototype before going live.
5. Developer-Friendly or No-Code Options
Plug Finexer into your platform using its API for full control or skip the dev work and send branded links or requests right from the dashboard.
6. No Extra Fees for Support or Report Access
Finexer includes access to human support, implementation guidance, and complete data exports at no added cost. You won’t pay extra to retrieve your reports, resolve issues, or get answers when you need them.
7. (2–3x Faster Deployment Than Market Average)
Go live in days, not months. Whether using the dashboard or integrating via API, most teams are fully operational within days
What Legal & Financial Firms Say About Switching to Finexer
Trusted by platforms serving the legal, financial, and compliance sectors, Finexer is more than just a data provider; it’s a long-term partner for firms that need reliability and affordability.
Exactly what we needed, no bloat, no delays.
“Our clients in the legal and accountancy sectors expect the highest standards of efficiency and security, and Finexer’s solutions help us deliver on those expectations every day,”
— David Kern, CEO, VirtualSignature-ID
A true partner for business-first Open Banking.
“Our business isn’t about the volume of consents, it’s about delivering high-quality services to some of the biggest names in the industry. We needed a partner who understood the importance of providing business-focused solutions, and Finexer joined us on that journey.”
— Penny Phillips, Chief Commercial Officer, Sysynkt
Get Started
Connect today and see why businesses trust Finexer for secure, compliant, and tailored open banking solutions.
Does Finexer offer discounts for startups or small firms?
Yes. Finexer offers fixed, affordable monthly pricing with usage-based flexibility. Custom pricing is available for early-stage platforms or high-volume firms.
Is technical integration required to use Finexer?
Not necessarily. You can either integrate via API or use the no-code dashboard to send branded links, monitor activity, and export client reports instantly.
No setup fees. No cancellation fees. Just pay for what you use! Try Finexer Now 🙂