Case Study: TransferMate Global Payments reduces alert remediation times by up to 50% with ComplyAdvantage

TransferMate Global Payments reduces alert remediation times by up to 50% with ComplyAdvantage

TransferMate Global Payments, a leading B2B payments infrastructure company, sought an anti-money laundering solution to help its compliance team stay ahead of rapidly changing criminal behavior and manage growing transaction volumes. They partnered with ComplyAdvantage for its real-time sanctions screening and transaction monitoring services, seeking a customizable and comprehensive system to understand and manage their exact risks.

ComplyAdvantage implemented a highly configurable system, working closely with TransferMate to build bespoke rules. A key innovation was creating a segmented screening process using Bank Identification Codes (BIC) to drastically reduce false positives. As a result, TransferMate reduced its alert remediation times by up to 50% and significantly cut false-positive alerts, allowing its analysts to focus on genuine risks and improve operational efficiency.

TransferMate Global Payments