Case Study: 4Finance achieves faster AML compliance and operational agility with FICO Siron

Leading online lender turns to the cloud to ease regulatory compliance

4Finance, a leading online lender, faced the challenge of ensuring compliance with the Fourth Anti–Money Laundering Directive across its 16-country operation without compromising its brand promise of providing loans within 15 minutes. The company needed a fast-to-deploy, flexible solution that would integrate with its 20 back office systems and minimize strain on its internal IT resources during a period of rapid growth.

FICO implemented its Siron Anti-Money Laundering and Know Your Customer solutions for 4Finance, running on the AWS cloud. This allowed for a quick rollout, with the initial implementation completed in under six months. The results included a successful regulatory audit with zero recommendations, the continued ability to issue 99.5% of loans within 15 minutes, and increased operational efficiency as the cloud-based FICO solution freed up internal resources for other critical business needs.

4Finance

Andis Grandans

Group AML Officer