Sopra Banking Software (SBS), a leader in providing integrated banking software, announces a strategic partnership with Finom, a cutting-edge financial services provider dedicated to SMEs and entrepreneurs.
The partnership is designed to deliver comprehensive compliance and user verification services, ensuring top-tier regulatory compliance and security within the French FinTech market.
Under this collaboration, SBS will support Finom in regulatory reporting to French authorities. This includes Anti-Money Laundering and Counter-Terrorism Financing (AML-CTF) and FICOBA (Bank Account File) reporting services. Additionally, SBS will aid Finom Payments B.V., part of the Finom group, in meeting the regulatory demands of the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
This partnership underlines Finom’s commitment to delivering secure and high-quality services to its clientele while leveraging SBS’s expertise in banking compliance solutions. It marks a significant step towards enhancing operational security and compliance in the sector.
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