Case Study: Volopa achieves rapid customer onboarding and reduced manual compliance effort with ComplyAdvantage

Volopa reduced manual effort and time to onboard

Volopa, a London-based FCA-authorized fintech offering multi-currency prepaid cards and foreign exchange services, faced lengthy, manual compliance checks that slowed customer onboarding and risk detection. To address this, Volopa deployed ComplyAdvantage’s AML Screening and Monitoring solution to ensure suspicious entities are identified and to streamline compliance processes.

ComplyAdvantage automated screening and adverse media checks, greatly reducing manual intervention and enabling Volopa to onboard large numbers of customers in seconds instead of the previous 1½–2 hours per customer. The result is a seamless customer experience and stronger identification of high-risk entities, with significant time savings for compliance staff.

Volopa

Graham Smith

Managing Director