Case Study: MOGO achieves stronger PEP screening and AML compliance with Minerva

How MOGO stays ahead of PEPs by Leveraging Data & Advanced AI Models

MOGO, a leading Canadian digital finance company, was dissatisfied with its previous provider's outdated methods for Politically Exposed Person (PEP) screening. Their challenges included reliance on keyword matching, incomplete data, and a time-consuming manual process that failed to meet regulatory requirements. To address this, MOGO switched its PEP screening to Minerva's AI-powered platform.

By implementing Minerva's API, MOGO enabled daily screening and leveraged advanced algorithms to accurately identify a manageable PEP population within its client base. The solution integrated new data sources for a more comprehensive risk assessment. Minerva's service outperformed competitors in independent tests, identifying significantly more PEPs and providing MOGO with a high level of confidence in meeting its compliance obligations.

MOGO