Case Study: Recap accelerates customer onboarding and AML compliance with ComplyAdvantage

Recap grows with ComplyAdvantage’s 12-month AML launch support

Recap, a UK-based provider of embedded funding for small businesses, faced significant challenges with its legacy anti-money laundering (AML) compliance systems. These slow and inefficient processes caused delays in customer onboarding, hindering the company's ability to scale and serve its clients effectively. To overcome this growth obstacle, Recap partnered with ComplyAdvantage for its customer screening and ongoing monitoring software.

By implementing ComplyAdvantage's AI-powered solution, which combines real-time risk data with automated monitoring, Recap dramatically accelerated its customer onboarding. This eliminated unnecessary friction, boosted its customer acquisition rate, and ensured regulatory compliance. The vendor's tailored support and cost-effective ComplyLaunch program were pivotal, allowing Recap to experience rapid growth while effectively managing financial crime risks.

Recap