Moorwand, a payments solutions provider, offering BIN sponsorship and issuing services, has launched a suite of payments compliance services.
The company said its suite aims to improve the financial crime systems and controls for its clients whilst reducing the administrative burden and improving operational efficiencies.
Moorwand’s suite of compliance services includes policies and procedures drafting, end user onboarding services, transaction monitoring for digital baking, and more. Firms can mix and scale the suite of services to meet their specific compliance needs and even have Moorwand manage the entire function on their behalf.
Vicki Gladstone, CEO of Moorwand, said, “The payments space has witnessed exponential growth in the last decade and there’s no signs of it slowing down. The strong growth has also meant unprecedented enforcement actions, particularly over the pandemic, as regulators seek to combat bad actors. The resulting complexity and scrutiny means the importance of compliance cannot be understated.
“Our deep legal and payments expertise ensure our clients are compliant today, whilst we help them to anticipate the next wave of regulations they’ll need to comply with tomorrow. Moorwand’s suite of compliance services distils this expertise and know-how into products and tools that give our clients the very best risk management capabilities on the market.”
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