Finova is a mid-size fintech serving 200,000+ customers across Europe. Their compliance team of 4 was manually checking 40+ regulatory portals weekly.
Case Study
Finova: Reduced compliance review time by 73%
Reduced compliance review time by 73%
−73%
Compliance review time
0 in 8 months
Missed regulatory changes
18 hrs
Team hours saved weekly
Company Background
The Challenge
Regulatory changes were being missed. A missed PSD2 update cost them a €50,000 fine and 3 weeks of remediation work.
The Solution
Finova deployed Monity to watch all 40 regulatory portals with 30-second checks and Slack alerts to the compliance channel.
Implementation
Setup took 2 hours using the bulk import feature. The team wrote 12 AI prompts in plain English to define exactly what constituted a meaningful change.
"Monity caught a DORA update 4 minutes after publication. That alone paid for our annual subscription."
Sarah Chen
Head of Compliance, Finova