Case Study: Monneo (virtual IBAN provider) achieves faster, more productive compliance and uncovers hidden risks with ComplyAdvantage

Monneo increased productivity and uncovered hidden risks

Monneo, a virtual IBAN provider for eCommerce merchants and B2B fintech companies, needed a more effective way to detect hidden risks and boost the productivity of its compliance team while fitting its multi-bank, multi-currency business model. To address this, Monneo partnered with ComplyAdvantage and deployed their Customer Screening & Monitoring solution.

ComplyAdvantage delivered a flexible screening platform with an easy-to-navigate interface, speedy insights and ongoing support, giving Monneo greater control over compliance processes. The result was measurable: Monneo’s compliance team improved productivity and was able to identify hidden risks more quickly, increasing confidence that suspicious entities would not slip through the net.

Monneo

Bara Freimannova

Head of Compliance