London, 19 June 2024 – Monavate, a prominent provider of payment solutions, has joined forces with Know Your Customer, a global leader in business KYC verification. Together, they aim to revolutionise the European payment solutions sector by redefining compliance processes, elevating customer onboarding experiences, and cultivating trust within the digital payment ecosystem.
A specialist payments solution provider, Monavate empowers innovative and ambitious businesses in navigating the intricate network of technology choices required to launch financial programs. With its deep understanding of the industry, Monavate has selected Know Your Customer as its partner to enhance the onboarding and compliance processes for their customers.
The integration of Know Your Customer’s solutions enables Monavate to tap into Know Your Customer’s real-time global registry connections in over 140 countries through a single REST API. This integration not only automates and strengthens compliance procedures but also enhances operational efficiency, ensuring seamless adherence to regulatory standards within their digital ecosystem.
”We 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.
Mat PeckChief Technology Officer of Monavate
”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.
Claus ChristensenCEO & Co-Founder at Know Your Customer Limited
The strategic partnership between Monavate and Know Your Customer brings forth a compelling proposition for the payment industry in Europe. By combining cutting-edge technology and streamlined business KYC procedures, this collaboration empowers businesses to meet regulatory requirements, enhance risk management, and drive growth in this competitive landscape.
Monavate: Your guide through the payments maze and your launchpad for next-level financial innovation.
We are card scheme sponsors, payment experts, and your partners in simplifying the complex. As a principal member of Visa, Mastercard, and Discover, Monavate’s platform delivers best-in-class technology so you can build and scale financial products that disrupt the norm. Ambitious fintechs and payment providers? We’re here to clear your runway for take-off.
Founded in 2020, our Cambridge-based team of experts has already driven impressive results: 4.5 million+ cards issued, 270 million+ transactions, £3 billion+ in customer spend, and a reach spanning 32 countries. Monavate: Turning Payments into Power.
For more information, visit: https://www.monavate.com/ or follow Monavate on LinkedIn: https://www.linkedin.com/company/monavate/.
Know Your Customer is an award-winning RegTech company specialised in next generation business verification solutions for financial institutions and regulated organisations worldwide.
For teams that are struggling with inefficient client due diligence and onboarding processes, Know Your Customer provides a modular compliance solution that combines the most intuitive digital workspace on the market with unmatched real-time registry data, seamless integrations and smart automation to transform the essence of the compliance function at its core. The products’ modular design enables efficient customisation, as clients can select and implement only the functionalities they really need, all available via Rest API.
Are you ready to see the power of our Modular Compliance solutions in action?
Last updated on June 21st, 2024 at 07:59 am
