Case Study: DriveWealth achieves 66% faster SAR filing with Unit21

DriveWealth achieves 66% faster SAR filing with Unit21

DriveWealth, a global investment rail, faced significant compliance challenges as its account volume quintupled in three years. Their legacy systems generated a high volume of false-positive alerts, and their small team managed SAR filings through inefficient manual processes. This operational gridlock prompted them to seek a solution from Unit21, specifically its Transaction Monitoring and Case Management products.

By implementing Unit21's no-code platform, DriveWealth gained the ability to customize monitoring rules and validate them before deployment. This solution led to a 66% faster SAR filing time and a 30% reduction in false positives. Most notably, Unit21 enabled a 10x increase in fraudulent account closures, with over 1,000 accounts identified and shut down in a single year.

DriveWealth