Advapay teams up with iSPIRAL to provide its customers with AML and KYC solutions

Wednesday 7 April 2021 12:23 CET | News

Advapay, a digital core banking platform for fintechs, has partnered with iSPIRAL, a technology software provider of AML, KYC, risk and compliance solutions.

The partnership will connect the core banking platform with the functionality of iSPIRAL`s RegTek+ solution for AML, KYC, risks and compliance.

The integration with iSPIRAL will be available on the list of ready-to-deploy integrations of Advapay`s core banking platform Macrobank. iSPIRAL`s solution will help Advapay`s clients, digital banks, and financial institutions to spot and avoid suspicious transactions and mitigate money-laundering risks that are necessary to comply with the AML and KYC standards.

As a result, Advapay platform, powered by iSPIRAL` solution will provide AML compliance, PEP and Sanction checks, real-time transaction monitoring, screening, and post-transaction monitoring in an automated mode.

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Keywords: partnership, AML, KYC, fintech, risk management, digital banking, financial institutions, transactions
Categories: Fraud & Financial Crime
Countries: Estonia
This article is part of category

Fraud & Financial Crime

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