Corporate Financial Services
Octet
AML screening for supply-chain finance.
70% fewer false positives
About the Story
Octet is an online supply-chain finance and payments platform transacting in 72+ countries with 4,500 member companies and 5x growth since 2022. Because buyers and sellers move money both ways, Octet must screen both sender and receiver, but its previous AML tool was slow, with poor support and too many false positives.
With Sanction Scanner, Octet automated screening at ~150ms, cut false positives by 70% through whitelisting and case management, and freed its compliance team to focus on real risk, all backed by fast, hands-on customer support through and after integration.
“Sanction Scanner has streamlined our compliance process and all of our work during it, with great customer service to our satisfaction.”Fatih Kaya Risk and Compliance Director, Octet
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