Case Study: Atlanticus Holdings Corporation automates suspicious transaction detection and SAR filing with ComplyAdvantage

Atlanticus automates suspicious transaction detection and SAR filing at scale

Atlanticus Holdings Corporation, a technology company enabling inclusive financial services, faced compliance risks due to a manual process for identifying suspicious credit card transactions for its banking partner. Their previous solution lacked automation and sophisticated rule-building capabilities. To strengthen its partnership with The Bank of Missouri and improve its Anti-Money Laundering (AML) efforts, Atlanticus selected ComplyAdvantage for its transaction monitoring service.

ComplyAdvantage implemented a solution that automated suspicious transaction detection, allowing Atlanticus to process 300,000 daily transactions in a single environment. The implementation was completed in just three months. This automation saved significant time for teams, which was reallocated to strategic projects, and enabled key information to be transferred electronically, speeding up the filing of Suspicious Activity Reports (SARs) and reducing errors. ComplyAdvantage provided the necessary flexibility to capture new AML and fraud typologies, helping Atlanticus meet its regulatory obligations.

Atlanticus Holdings Corporation

Dari Damazo

VP of Support Services