Case Study: TransferMate Global Payments achieves up to 50% faster alert remediation with ComplyAdvantage

TransferMate reduced alert remediation times by up to 50%

TransferMate Global Payments, a leading B2B payments company, wanted to build the best compliance team by finding an anti-money laundering solution. Their challenge was to find a partner who could provide a customizable, real-time system to manage risk and keep up with their rapidly growing transaction volumes. They selected ComplyAdvantage for its global data coverage and real-time sanctions screening capabilities.

By implementing ComplyAdvantage's solution, TransferMate gained complete control over its transaction screening and was able to build a bespoke rule set. This collaboration, described as a "one team, two organizations" approach, led to a 50% reduction in alert investigation times and a significant drop in false positives. The partnership also enabled the creation of a unique BIC screening solution that further optimized their process, improving overall compliance efficiency.

TransferMate Global Payments

Alex Clements

Global Head of Financial Investigations and Monitoring