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Vitesse Company Overview:
Vitesse is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuance of e-money and is registered as a Money Transmitter with HMRC. Vitesse PSP provides cross-border payment services to banks and businesses via a globally distributed settlement network. Through a single integration, merchants gain access to domestic routing, leveraging lower payment costs to deliver payments seamlessly.
The Pain Points:
- ‘Previously our experience was with a supplier that was not reactive to our needs as a client. When they did, response times were slow and often failed to address our needs. As a result, our Sanction and PEP screening was cumbersome and required us to use ancillary suppliers to “complete the job”. We would receive a simple “Pass/Fail” message with no evidence of what match targets there were.’
- ‘W2 provide an end to end service, screening transaction and client data. It completes the screening process, delivers the results and supports effective remediation and a clear audit trail of decisions undertaken. This supports the business where our previous supplier was unable to.’
- ‘Our screening is now operating well, with a marked improvement on false positive rates. We have found a reduced resource demand has positively impacted on the business more widely and allowed us to focus on other key areas.’