Case Study: Qonto achieves scalable multi-market AML screening with ComplyAdvantage

Qonto scales AML screening across 7 European markets with ComplyAdvantage

Qonto, a European business finance solution for freelancers and SMEs, faced challenges scaling its anti-money laundering compliance due to rapid multi-market growth. Its reliance on manual screening processes caused alert backlogs and restricted its customer onboarding rate. To address this, Qonto selected ComplyAdvantage for its Customer Screening and Payment Screening services.

ComplyAdvantage provided a streamlined solution with an intuitive platform offering consolidated risk views, real-time data updates enhanced by AI, and a flexible, scalable architecture. This partnership has given Qonto full control over its compliance processes, supporting its business expansion without delays. The successful implementation led to a five-year partnership between the two companies.

Qonto