3S Money teams with RegTech Know Your Customer to refine KYB processes

3S Money

3S Money, a cross-border payments platform, has partnered with Know Your Customer to revolutionise KYB industry procedures. 

The alliance between these two firms was kindled by a challenge issued on LinkedIn by Ivan Zhiznevsky, the CEO of 3S Money. His request to providers was simple: demonstrate the range and quality of documents and official information that they could source for companies in specific nations.

3S Money is acknowledged for its international prowess and versatility. It provides a state-of-the-art cross-border payments platform, accommodating substantial transactions across 190+ countries. With this platform, clients can open one global business account with EU, UK, and US details, essentially letting them transact worldwide as if they were local.

Know Your Customer, on the other hand, boasts a SaaS platform and API designed to simplify and mechanise corporate onboarding, KYB compliance, and routine reviews for financial institutions globally. Their real-time connectivity to company registries in 129 countries, coupled with AI-powered data extraction and UBO mapping, has redefined industry standards for business data quality.

Beyond mere collaboration, both 3S Money and Know Your Customer share a larger goal: endorsing financial inclusion and centring the customer. 3S Money is committed to democratising access to global financial services, and Know Your Customer champions RegTech’s power to equalise the sector.

The unique spark for this partnership came from a LinkedIn challenge where Jamie Anderson from Know Your Customer was able to showcase the unrivalled quality and expanse of official data available via his company’s platform. This post by Ivan resonated with over 50,000 LinkedIn users, accumulating a whopping 130+ reactions.

3S Money CEO Ivan Zhiznevsky said, “This partnership with Know Your Customer amplifies our commitment to providing a super convenient service to our clients and massively speeds up the onboarding process. By harnessing their technology, we’re able to deliver an even more streamlined experience to businesses across the globe. After I posted the challenge on LinkedIn, the response from Jamie Anderson, Global Head of Sales at Know Your Customer, was brilliant. They demonstrated an unmatched quality and coverage of official registry data and documents through their platform.”

Know Your Customer’s CEO, Claus Christensen, remarked, “3S Money’s objective is to actively put the needs of their business clients at the centre of the onboarding experience. We are extremely proud to be the partner of choice for this project, helping them shift the burden of providing official company documents away from the end customer. By integrating our single API, 3S Money is able to source official company documents and standardised corporate and UBO data from their golden source, i.e. the local company registry.”

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