Case Study: HitPay reduces compliance match rates and scales confidently with ComplyAdvantage

HitPay cuts compliance match rates from 10% to 2% with ComplyAdvantage

HitPay, a rapidly expanding payment service provider in Singapore, faced the challenge of managing significant AML and financial crime risks while scaling its operations across new geographies and products like stablecoins. To build a future-proof compliance foundation, they required a robust and scalable name screening solution from a vendor like ComplyAdvantage.

By implementing ComplyAdvantage's Name Screening solution, HitPay achieved a dramatic reduction in false positive match rates, dropping from over 10% to just 2-4%. This optimization from ComplyAdvantage allowed HitPay's lean compliance team to manage growing transaction volumes without increasing headcount, boosting analyst productivity and enabling confident business expansion across the Asia-Pacific region.

HitPay