Payments company Telleroo has enlisted RegTech enterprise Moorwand to help streamline and simplify its services.
Moorwand has made a name for itself by trying to turn compliance issues into competitive advantages.
It is this experience that Telleroo now aims to tap into to allow making payments on behalf of small businesses easier and more compliant.
“This partnership means that we can offer a fully-compliant payment service, powered by Moorwand, without becoming a bank,” said Michael Riedler, managing director and co-founder of Telleroo. “The provision of banking and payment services involves a lot of red-tape and regulation which Moorwand’s expertise and sponsorship means we can easily navigate. We want our focus to be on giving our customers the best and most convenient user experience – working with Moorwand means we can do that.”
“It no longer makes sense for payment services to be limited to banks,” Robert Courtneidge, CEO of Moorwand, added. “Telleroo are solving a problem accountancy firms have faced for a long time – as consumers, we’re used to payments becoming ever easier, but payroll and supplier payments remain manual and laborious. We’re excited to be a part of bringing a better user experience to an underserved market.”
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