Case Study: Nexpay reduces false positives sevenfold with AMLYZE

Nexpay reduces false positives 7x with Amlyze

Nexpay, a European Electronic Money Institution, faced significant challenges with its previous AML system, which generated a high volume of false positive alerts. This issue consumed substantial compliance resources and slowed down investigations. To strengthen its compliance operations, Nexpay sought a new solution and partnered with AMLYZE.

By implementing AMLYZE's transaction monitoring, AML investigations, and screening modules, Nexpay achieved a dramatic improvement. The vendor's solution enabled a sevenfold reduction in false positives for sanctions screening, significantly boosting operational efficiency and allowing the compliance team to focus on genuine risks.

Nexpay