Monavate, a leading payment solutions provider, has teamed up with Know Your Customer, a premier global business KYC verification company.
This partnership aims to revolutionize the European payment solutions sector by transforming compliance processes, enhancing customer onboarding experiences, and building trust within the digital payment ecosystem.
The collaboration between Monavate and Know Your Customer is designed to overhaul compliance procedures in the European payment landscape. By streamlining customer onboarding, the partnership seeks to foster trust and simplify regulatory complexities in digital payments.
Monavate specializes in assisting innovative and ambitious businesses with the complex technology needed to launch financial programs. Conversely, Know Your Customer excels in delivering robust KYC verification solutions, offering real-time global registry access in over 140 countries through a single REST API.
This strategic alliance enables Monavate to incorporate Know Your Customer’s advanced solutions, thereby automating and strengthening compliance processes and operational efficiency. This integration ensures Monavate’s compliance with stringent regulatory standards, boosting the security and compliance of their digital ecosystem.
The partnership is poised to significantly impact risk management and regulatory compliance, providing a solid foundation for business growth in Europe’s competitive payment industry.
“Monavate selected Know Your Customer as our partner due to their exceptional real-time global registry data, which offers the largest market coverage. Collaborating with the Know Your Customer team has been a pleasure, and we are confident that together, we will develop customer-centric compliance solutions in the payment space that meet our customers’ evolving needs,” said Monavate Chief Technology Officer Mat Peck.
“We are thrilled to partner with Monavate and support their card scheme sponsorship and payments platform. Our joint goal is to revolutionize payments compliance, simplify the complexities of launching and scaling programs, and make it more secure and accessible for fintech and payment providers,” said Claus Christensen, CEO & Co-Founder of Know Your Customer Limited.
Source: fintech.global
