GateHub, a global ripple wallet and gateway provider, has integrated 4Stop’s KYC, compliance, and risk management technology.
With the continued adoption of digital currencies GateHub and 4Stop said they recognised the importance and value of a combined partnership to support the cryptocurrency eco-system. With more regulatory pressure establishing its presence within the digital currencies realm, the companies are collaborating to establish a global compliance strategy to support cryptocurrencies.
“With the substantial cryptocurrency growth of 2017 and a bright future ahead for digital currencies, we are very excited to be working with GateHub, and to complement their wallet and gateway products with our risk prevention technology,” states CEO of 4Stop, Ingo Ernst.
4Stop provides GateHub with hundreds of global KYC data sources for maximum KYC coverage worldwide with premium real-time performance and cascading KYC verification technology. It is backed by 4Stops proprietary fraud prevention technology that encompasses a fully customised, multi-faceted rules engine, that performs real-time tiered rules processing and monitoring, rich database management, data science and much more.
Its solution includes geo check, bin check, breached email check, physical address check, phone ID check, bank account check and CPF check. It also provides a Compliance Watchlist, enabling users to screen customers on global sanctions databases including the FATF, OFAC, AML/CTF, PEP, RCA and SIP in real-time to reduce exposure and risk.
The single API integration offers a one consolidated view of risk, layered with leading-edge anti-fraud tools to streamline operations, and improve reaction times and maximise revenues.
“We are delighted to announce our expanded partnership with 4Stop to help us maintain the safety of customer information and assets and to comply with a worldwide patchwork of ever-evolving regulations and practices, said GateHub CEO Enej Pungerča. “ This 4Stop partnership is key to remaining fully compliant, as we continue to build out our global infrastructure and product offerings. As we grow, our compliance technology needs to scale as well.”
Earlier this month, 4Stop integrated its KYC and risk management technology with draglet, a blockchain and cryptocurrency software provider.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
