Case Study: Azimo improves AML risk management and reduces false positives with ComplyAdvantage

Azimo reduces false positives with ComplyAdvantage’s real-time AML screening

Azimo, a payments company, was dissatisfied with their previous global data solutions provider due to an unreliable API that caused frequent downtime and a high number of false positives. This forced their compliance team to bypass the system and perform thousands of manual AML checks, leading to payment delays and customer dissatisfaction. They turned to ComplyAdvantage for its Screening and Ongoing Monitoring solution to improve their AML risk management.

ComplyAdvantage implemented its two-way RESTful API and Adverse Media solution, which provided real-time automated alerts and whitelisting capabilities. This allowed Azimo to automate customer screening, consolidate data into single risk profiles, and significantly reduce false positives. The results included improved efficiency for the compliance team, a detailed audit log for regulators, and a better overall customer experience due to reduced payment delays.

Azimo