Case Study: a leading payment provider cuts 700,000 PEP alerts and saves $1M with Socure

How One Investment Platform Killed 700,000 PEP Alerts (and Saved $1M)

Socure worked with a leading payment provider that needed to reduce the volume of politically exposed person (PEP) alerts and improve compliance efficiency in its financial crime monitoring process. The case study highlights the challenge of too many alerts creating unnecessary operational burden and slowing down review workflows.

Using Socure’s compliance and digital onboarding capabilities, the vendor helped the leading payment provider eliminate 700,000 PEP alerts. Socure’s solution saved the company an estimated $1M while strengthening compliance operations and reducing noise in the alerting process.