Case Study: PXP mitigates sanctions risk with ComplyAdvantage real-time screening

PXP screens over €30 billion annually with ComplyAdvantage

PXP, a tech platform that processes over €30 billion in payments annually, needed a real-time customer and payment screening solution to keep up with daily sanctions list updates and new real-time payments regulations. This was critical for maintaining compliance without slowing down their payment processes. They chose to partner with ComplyAdvantage for its screening solutions.

By implementing ComplyAdvantage's solutions, which use fuzzy logic to reduce false positives and feature fast API response times, PXP added an extra layer of due diligence. This streamlined their verification process, increased operational efficiency, and provided deeper insights for KYC activities through adverse media screening. As a result, PXP can thoroughly vet transactions and merchant entities in real-time to ensure compliance with multiple international sanctions regimes.

PXP