Monavate, a provider of payment solutions, has partnered with Know Your Customer, a top player in global business KYC verification.
The collaboration is set to transform the European payment solutions landscape by redefining compliance processes, enhancing customer onboarding experiences, and fostering trust within the digital payment ecosystem.
The partnership between Monavate and Know Your Customer is strategically aimed at revolutionising compliance processes within the European payment solutions sector. By enhancing customer onboarding experiences, the collaboration seeks to cultivate trust and streamline the regulatory landscape in digital payments.
Monavate is a specialist payments solution provider that assists innovative and ambitious businesses in navigating the complex array of technology options needed to launch financial programs. On the other hand, Know Your Customer excels in providing robust KYC verification solutions, offering real-time global registry access in over 140 countries through a single REST API.
This strategic alliance allows Monavate to integrate Know Your Customer’s cutting-edge solutions, thereby automating and fortifying compliance procedures and operational efficiency. The integration ensures Monavate’s adherence to rigorous regulatory standards, enhancing their digital ecosystem’s security and compliance.
The collaboration is set to make significant impacts on risk management and regulatory compliance, providing a robust foundation for business growth within the highly competitive payment industry in Europe.
“Monavate selected Know Your Customer as our partner due to their exceptional real-time global registry data, providing the largest coverage in the market. Working with the Know Your Customer team has been a delight, and we are confident that together, we will be able to develop customer-centric compliance solutions in the payment space that meet the evolving needs of our customers,” Monavate chief technology officer Mat Peck said.
“We are excited to partner with Monavate and extend our support towards their card scheme sponsorship and payments platform. Our goal together is to revolutionise payments compliance, removing the complexities to entry in launching and scaling programs, and making it more secure and accessible for fintech and payment providers,” CEO & Co-Founder at Know Your Customer Limited, Claus Christensen, said.
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