4Stop, a provider for KYC, compliance and fraud prevention, has integrated its technology into Paymentz.
Paymentz helps payment gateway providers by taking care of their IT infrastructure, security and compliance requirements and allows them to focus on their sales strategy.
Through its single API integration into 4Stop’s all-in-one KYC, compliance and anti-fraud solution, the company now has access to hundreds of global premium KYC data sources, as well as 4Stop’s real-time fraud prevention technology with a multi-faceted risk rules engine.
4Stop instantly activates required KYC and performs a multitude of checks dynamically to provide the gateway provider with risk-based scores and risk data analysis in real time.
Following the integration, Paymentz’s merchant on-boarding tool and white-label wallet solution is now fully automated using 4Stop’s real-time cascading KYC verification technology and risk analysis engine.
“Integrating with 4Stop and utilising their dynamic KYC verification technology helps us to launch our new products with absolute confidence compliance and fraud prevention is managed,” said Amoolya Vassa, CEO Transcactworld Group, Paymentz.
“Our new Merchant On-Boarding solution is now more user-friendly and can on-board merchants in real time, which definitely reduces cost and time for our partner’s compliance teams.”
4Stop aggregates trusted information, managed services, data, software and expertise to establish a next-generation all-in-one KYC, compliance and anti-fraud solution. Through one API users can access hundreds of global KYC data sources, data science and 4Stop’s real-time anti-fraud and monitoring technology.
Earlier this year, the company completed the second phase of its product enhancement. The enhancement encompasses a redesign of their platform’s customer queue and customer in-depth profile interfaces, and expands the monitoring, reporting and analytic features available.
Phase one of the enhancement encompassed a redesign of its platform’s dashboard to provide ‘enriched monitoring, reporting and analytic’ features with ‘optimal user experience engagement’ design.
“Our value proposition has always been focused in solving businesses’ KYC, regulatory obligations and fraud prevention on a global scale and per localized regulation, and in a manner that removes the cumbersome process and requirement for multiple integrations to support risk-based models required for the on-going evolution of our online eco-system and regulatory landscape,” added Ingo Ernst, CEO 4Stop.
FinTech company PaySend recently beefed up its fraud prevention processes by partnering with 4Stop, while GateHub, a global ripple wallet and gateway provider, also integrated 4Stop’s KYC, compliance, and risk management technology.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
