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Compliance & Reg tech

Payments Association member W2 are currently offering: 

  • Zero integration fee
  • Zero upfront costs 
  • Zero transaction commitments
  • 24/7 support at no cost
  • Immediate access to platforms and services for new customers

Click here for more details.

Payments Association member NatWest are offering subscription-free access to FreeAgent accountancy package through their online business bank, Mettle.

Onfido specialises in document ID & facial biometrics verification SaaS. They currently have a selfie-based identity solution to any such nonprofit or charity operating in the healthcare, home care or education spaces for free for a period of six months. Click here to view the full article.

Micro Focus is a digital transformation and enterprise software with free and extended business continuity licences available for remote authentication, encrypted e-mail, social media and mobile protection, app scalability management, securing employee document sharing and access to host applications.

AI-powered, fully automated solution Jumio Go is offering free identity verification services to any qualifying organization directly involved in helping with COVID-19 relief. Click here to view the full article.

Aire is a credit assessment service and has announced that they will be providing free access to a range of real-time credit information services for a period of three months. Click here to view the full article.

Related Blogs

6AMLD Deadline is Nearing: A Look Back on Key Changes in Legal Framework Since 1AMLD

The deadline for the 6th Anti-Money Laundering Directive (6AMLD) is rapidly approaching — currently, it is set for June 3rd. That said, the question of whether 6AMLD’s measures are clear and robust enough to combat the ever-growing problem of money laundering remains. Marius Galdikas, CEO at ConnectPay, has taken the opportunity to overview how the AML regulatory framework has changed over the years, starting with the first Anti-Money Laundering Directive. He has also outlined what to expect in the near future, as some challenges regulators have yet to outline as possible threats.

Reviewing Access Control Server Integration for SCA

In order to receive 3D Secure messages, process said messages, and authenticate card users, issuing banks must deploy Access Control Servers (ACS). To ensure that transaction integrity is never compromised, the Okay software works in parallel to prevent attacks and protect user information during confidential transactions. The process looks a little something like this:

Passwords turn 60. Time for them to go

With the advent of passwords at MIT 60 years ago, Gerhard Oosthuizen Entersekt CTO, contends that it’s time that we replace passwords with more robust technologies.

Founding fathers of UK’s open banking standards launch Ozone Open Finance Hub to support challenger banks and EMIs

With regulators increasing their focus on compliance, pressure on financial institutions of all sizes to have compliant open APIs is growing. To help simplify the delivery of high-performing APIs, Ozone has launched the Open Finance Hub.

How Okay Can Help with PSD2 RTS SCA Compliance

Compliance, requirements, deadlines, oh my! By now you should have a comprehensive overview of what to be aware of as PSP. As such, it is time to wrap up the topic of SCA compliance. In this article, we cover how Okay uses security evaluations to fine-tune our product as well as how we can help you meet SCA PSD2 RTS compliance standards.

Understanding PSD2 RTS SCA Compliance

Compliance. A scary term for any payment service provider (PSP) in a world of increasingly stricter regulations and requirements. To make it a little less scary, we are opening the PSD2 RTS Compliance door to extract some key points of interest. Read on for the fundamental requirements PSPs should be aware of if issuing cards or e-money payments and why said requirements are necessary.

How Virtual IBANs Enhance the Growth of B2B Cross-Border E-commerce Businesses

One of the more vexing problems of the modern age when it comes to international business is that regulatory regimes often do not keep pace with technological innovation. Nonetheless, novel solutions to B2B cross-border business have emerged in the form of virtual IBANs, financial instruments that drive the innovation economy and enable new, powerful business models. Here we have outlined three ways that virtual IBANs are transforming the way companies do business locally and abroad:

KYC Done Right Means Competitiveness and Business Growth

When it comes to digital banking and compliance, robust KYC practices not only prevent fraud and financial losses but also strengthen a firm’s ability to conduct business with confidence. This is typically because of the four key elements of strong KYC practices that make sure firms know who they’re doing business with and what to expect from that relationship. We’ve identified the four essential elements of effective compliance in KYC practices for digital banking in order to show you how they help improve the competitiveness of businesses of any size or scale:

Driving Forces and Technology Trends Behind Fintech Innovations in 2021

The year 2020 saw many of the innovations and prognostications of analysts come true as contactless payments and digital banking solutions drove the field of Fintech innovations. Looking ahead, however, 2021 could be the year that consolidates much of this growth and prepares the economy for the next stage of digitization. We at Monneo have identified five major trends that we think are driving the Fintech innovations in digital banking, in 2021 and beyond:

The New Era of Custom Business Payment Solutions and the Impact on Digital Banking Services

The digital banking era is upending traditional payment solutions and transforming the global financial industry in the process. And this is on both the corporate and consumer level with changes in payments solutions reaching into every facet of the international economy. These innovations in digital banking are not only enabling increased efficiencies and expediting capital flows at a rate previously unthinkable but also are leading the way in changing the dynamic and level of depth of the business-customer relationship.

It’s 2021: Do You Need Two Channels for Strong Customer Authentication?

Okay has been running compliance audits since 2016. What did it look like back then compared to today? Are two channels for SCA really needed? This week we briefly explore the changing security environment of mobile phones related to identity verification.

Paytech scale-up announces three senior hires after hitting £5 Billion reconciliation milestone

The Fintech for Fintech's Kani Payments, specialising in payment reconciliation and reporting has announced hitting £5 billion reconciliation milestone and the appointment of three senior hires.

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