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

Atlanticus processes 300,000 transactions daily with ComplyAdvantage

Atlanticus, a technology company enabling inclusive financial services, faced compliance risks due to its reliance on manual processes for suspicious activity detection and SAR filing for its partner bank, The Bank of Missouri. Their previous solution offered only rudimentary rules and made tracking customer activity challenging. To improve automation, flexibility, and its banking relationship, Atlanticus partnered with ComplyAdvantage for its transaction monitoring service.

ComplyAdvantage implemented a solution that automated the detection of suspicious transactions. This allowed Atlanticus to process 300,000 transactions daily in a single environment, saving significant time for its teams and enabling the electronic transfer of key information to the bank. The solution provided by ComplyAdvantage sped up SAR creation, reduced manual errors, and gave Atlanticus the flexibility to capture new AML and fraud typologies, thereby reducing risk and meeting regulatory obligations.

Atlanticus Holdings Corporation