Case Study: Arena Investment Management reduces AML compliance time with SmartSearch

Arena Investment Management cuts AML admin time by 50% with SmartSearch

Arena Investment Management, a Preston-based investment management firm, faced challenges with their previous AML software which lacked flexibility and required lengthy manual processes for client verification. Seeking to eliminate these onerous tasks and find cost-saving opportunities, the company turned to SmartSearch for a new AML compliance solution.

SmartSearch provided an easily integrated system via an open API, automating AML checks and ongoing daily monitoring against PEP and sanction watchlists. The solution streamlined Arena's processes, particularly through its UK individual check and UBO identification, which saved major time and money. By implementing SmartSearch, Arena eliminated 3-4 hours spent per week on AML obligations, achieving a 50% reduction in time spent on manual tasks and gaining enhanced compliance oversight.

Arena Investment Management