Case Study: Paxos achieves 80% efficiency improvement with ComplyAdvantage

Paxos improves AML efficiency by 80% with ComplyAdvantage

Paxos, a financial institution specializing in blockchain technology, faced the challenge of scaling its manual compliance operations to match its rapid growth. They needed an innovative solution to automate their AML screening and monitoring processes. Paxos turned to ComplyAdvantage for its Customer Screening & Ongoing Monitoring and Transaction Monitoring products to streamline their workflow.

ComplyAdvantage integrated its solutions via a RESTful API, automating Paxos's customer screening and providing critical insights through structured risk profiles. The vendor's Transaction Monitoring product replaced an unmanageable manual system with built-in logic, drastically reducing review time. As a result of implementing ComplyAdvantage's solutions, Paxos achieved an 80% improvement in efficiency, with tasks that previously took a week now completed in hours.

Paxos