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The Company
ROBOCASH Group, launched in 2017, provides financial services in eight countries in Europe and Asia. The company specializes in the field of consumer lending and marketplace funding by offering short-term loans and installment loans. The group has more than 10 million customers and has issued over 8 million loans.
Industry: Lending
Product: AML Screening and Monitoring
The Challenge
ROBOCASH Group, being an international corporate group, is required to comply with the anti-money laundering regulatory requirements of different global regions and countries. ROBOCASH needed to meet all those requirements in a way that was sustainable and made sense for the whole corporate group. The company was, therefore, looking to partner with an AML provider who could provide an easy and quick API integration and specialized AML tools that have global coverage.
ComplyAdvantage really hones in on the current needs of global companies. Their product is built in such a way that it is easy to add to the tools already in use by our company. The solution provides great data and supports varied functionalities, which makes using it easy and comfortable.
— Ilga Mozule, Group Head of Compliance
The Outcome
ComplyAdvantage has provided ROBOCASH with secure access to complete, timely and up-to-date anti-money laundering data globally. In addition to this, the ability to configure the settings when screening and monitoring customers enabled a reduction in false positives. Thanks to the centralized platform, where all relevant information regarding an alert is consolidated, ROBOCASH’s compliance team has noticed a 50% reduction in time to manage alerts.