Know Your Customer is collaborating with Axiom to expand its solutions to players across key European, Asian and US markets.
Axiom is a prepaid card issuing company which helps FinTechs to access payment services through its white label solutions. Know Your Customer develops automates KYC and AML solutions for businesses to accurately verify customers.
By incorporating their technologies, they will be able to offer an end-to-end solution for the issuing and management of white labelled prepaid cards. Clients across Europe, Asia and the US will be able to access prepaid card services which have AML and KYC processes integrated with the customer onboarding phase.
Axiom Prepaid Holdings president Steven Foster said, “We are delighted to be announcing this new collaboration with Know Your Customer across multiple jurisdictions. Through KYC’s automation technology, financial organisations can exponentially improve the efficiency of their customer onboarding process without having to compromise on compliance, which is exactly what FinTech organisations need at the moment.”
This partnership has come just weeks after Axiom established its European headquarters in the UK, which will be one of the strategic markets for the new solution. Other areas the companies will target are Spain, Italy, Hong Kong, Singapore and the US.
Late last year, Know Your Customer partnered with Hong Kong-based Neat to support it with onboarding processes. Neat is a digital bank for startups and SMEs, providing them with a business bank account number, prepaid MasterCard and conduct international money transfers.
Copyright © 2018 RegTech Analyst
