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W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with Enfuce to provide a range of compliance solutions through its award-winning platform.
Enfuce, a leading Nordic fintech, offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. They are fast becoming one of the most dynamic forward-thinking and innovative payment service providers in Europe.
To enable their ambitious growth plan, they were searching for a trusted and scalable provider for KYC and KYB processes that could support them in all European markets. This will allow Enfuce to offer a fully turnkey payment processing and card issuing service across Europe.
Monika Liikamaa, Co-founder, Group CEO & Chair at Enfuce commented “We had a really exciting opportunity to support a major global partner open up a new market in EEA but to succeed we need to find a solution that streamlined our KYB and KYC requirements. In W2 we found a partner that could not only deliver on this one key project by adapting and aligning their KYB and KYC solutions to meet some exacting regulatory requirements but forward-thinking enough to recognize the long-term growth opportunity and help support us on that. We see a lot of synergies in how our two companies think and work and are very much looking forward to the partnership we have set up.”
Warren Russell, CEO of W2 commented that “Delivering on challenging projects is always rewarding but the chance to work on this with Enfuce was a real pleasure. Two teams working together to ensure compliance and reduce complexity is a great example of what partnership should be. How we align our KYB, KYC and AML services through our platform is critical to our clients and we look forward to working with Enfuce as they open up new markets and deliver on their client’s expectations”.
About Enfuce
Enfuce offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. By combining industry expertise, innovative technology, and compliance, they are delivering long-term and scalable solutions fast and securely. Established in 2016, Enfuce employs over 50 driven professionals in the Nordics and has close to 10 million end users on their platform. Reach out to find out more about Enfuce’s services. https://enfuce.com/contact/
About W2
W2 is committed to delivering proven, innovative, and reliable technology that makes it simple to manage and extra value from the KYC and AML supply chain through a single API. W2 gives your consumer and corporate customers a seamless digital experience, and, in addition, removes the traditional blockers of upfront fees, multiple supply contracts and usage commitments, allowing you to focus on growing your business.
W2’s technology helps enables businesses to remove the complexity from compliance, aid in adhering to current and future regulatory requirements, and ensure that the ease and efficiency of the customer onboarding journey is as streamlined as possible. Not only will W2’s technology help allow for a compliant onboarding process, but constant monitoring of current customers will prevent any fraudulent activity and money laundering from taking place in the business.
W2’s mission is simple; Complexity should never be a barrier to business.
W2 media contact
James Roberts
Enfuce media contact
Linda Essen