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KYC and Transaction Compliance

Digitalize and integrate Know Your Customer and real-time Transaction Monitoring.

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The Challenge

The number of Fintech companies emerging in the market continues to grow, from payment services companies and crypto exchanges, to money services businesses and everything in between. They all have a common goal - GROWTH. However, compliance with evolving regulations remains a key challenge as they pursue rapid and sustainable growth.

Similar to banks, Fintechs are obligated to perform Know Your Customer (KYC) and Anti-Money Laundering (AML) transaction monitoring. These processes are typically managed across siloed systems, where data is duplicated and often misaligned.

While Fintech companies are generally well-versed in technology, they often lack the necessary expertise in KYC and AML compliance. As a result, they invest more in people rather than technology to operate safely.

However, this approach is not scalable, being both cumbersome and costly. Technology providers can help by bringing both solutions and domain expertise to the table.