Cross-border payments company Eurogiro has partnered with payments technology platform Inpay.
Headquartered in Copenhagen, Inpay is a digital cross-border payments solution that helps financial institutions and corporates to make transfers to more than 60 countries. The FSA regulated company, offers instant payments for e-commerce transactions, buyer refunds, global disbursements and secure fund transfers.
Eurogiro is a postal cross-border payments company, that helps postal organisations, banks and financial institutions with international transactions. The company is in operation across 55 countries and helps businesses to reach rural areas.
Following the partnership agreement, Eurogiro will continue as an independent company with its postal identity, while evolving into a truly ‘global non-exclusive open platform’. The company hopes to utilise Inpay to foster innovation and open its members to new opportunities.
Inpay CEO and founder Jacob Tackmann Thomsen said, “Eurogiro is a very strong strategic fit with our business in which we successfully serve financial institutions. Inpay is extremely committed to ensuring the continuity and growth of Eurogiro and to bringing innovative products and services to its members.”
Inpay is regulated by the Danish Financial Supervisory Authority (DFSA No. 22008) and Polyreg, a self-regulatory organization under FINMA. All of its customers and transactions are vetted through multiple, internationally recognised procedures, including Know Your Customer (KYC), Anti-Money Laundering (AML), Counter Terroirst Funding (CTF) and Politically Exposed Person Lists (PEPs).
The company also adheres strictly to current EU legislation and safety precautions regarding Anti-Money Laundering and Terrorist Financing, as implemented under Danish and EU law. It employs industry-leading risk management procedures that underpin the operation of its transaction network. Each transaction is monitored from the originator to the ultimate beneficiary to guarantee the integrity of every payment. Inpay claims its real-time reporting across its products and territories builds ‘accurate and transparent’ profiles of its partners and feeds into the company’s risk management and compliance structures.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
