The Challenge
FinSecure, a modern digital banking platform, struggled with the increasing complexity of regulatory compliance across multiple jurisdictions. Their manual compliance processes were becoming unsustainable as they expanded into new markets and added more sophisticated financial products.
Our Solution
ThroPay implemented a comprehensive compliance automation platform:
- Automated KYC Pipeline: AI-powered document verification with biometric authentication
- Real-time Transaction Monitoring: Machine learning models detecting suspicious patterns
- Regulatory Reporting Engine: Automated generation of compliance reports for multiple regulators
- AML Screening System: Integration with global watchlists and sanctions databases
- Risk Assessment Framework: Dynamic customer risk scoring based on transaction behavior
- Audit Trail Management: Complete documentation of all compliance decisions and actions
The Results
The automated compliance solution delivered transformative results:
- Achieved 99.9% compliance accuracy across all regulatory requirements
- Reduced compliance costs by 70% through automation
- Decreased compliance review time from days to minutes
- Expanded to 15 new countries with automated local compliance
- Reduced false positive alerts by 80% with AI-powered filtering
- Improved customer onboarding time by 60%
- Passed all regulatory audits with zero findings
