Case Study: DriveWealth achieves 66% faster SAR filing and 30% reduction in false positives with Unit21

How DriveWealth Achieves 66% Faster SAR Filing with Unit21

DriveWealth, a global investment rail that grew from 3M to over 15M accounts, faced scaling pain in AML and fraud detection: high false-positive alert rates and a manual, time-consuming SAR filing process that strained its five-person compliance team. To modernize and scale without hiring large risk or engineering teams, DriveWealth selected Unit21 and adopted Unit21’s Transaction Monitoring and Case Management solution.

Using Unit21’s no-code transaction monitoring, rule validation, and automated case management, DriveWealth cut SAR filing time by 66%, reduced false positives by 30%, doubled its alert-to-SAR ratio, and increased SAR filings by 300%; rules deployed via Unit21 also helped identify fraudulent activity that led to over 1,000 account closures (a 10x increase year-over-year). Unit21’s flexible, low-code platform let DriveWealth validate rules in shadow mode, automate investigations, and improve productivity without heavy engineering resources.

DriveWealth

Matt DiGiacobbe

Chief AML Officer