COLOGNE, Germany, January 23, 2019 (Newswire.com) - 4Stop (“FourStop GmbH”), a leader in providing premium global KYC, compliance and anti-fraud technology, announces today they are live and operational within FlashFX’s global payment transfer solution.
FlashFX is an international money payment service that can transfer to 35 countries across 18 currencies securely, quickly and with no transaction fees. It is underpinned by the latest technology and partly integrated with Ripple (the distributed ledger payments protocol), providing a cost-efficient, highly automated payments platform to its users. FlashFX has further enhanced the security of their services by integrating 4Stop’s all-in-one KYC, compliance and anti-fraud technology to future-proof their risk mitigation and compliance processes.
One of 4Stop’s technology features is providing hundreds of global KYC data sources available with real-time activation and performance, all from their single API. These capabilities make them an ideal solution to support and enhance services on a global scale with the best data coverage and experience possible.
The primary implementation of 4Stop’s technology for FlashFX focuses on performing industry-leading KYC verifications, including real-time document identity authentication in a manner that does not compromise a frictionless, simple 1-2-3 on-boarding experience.
Furthermore, 4Stop performs additional transactional authentication functionality to provide FlashFX end-users with further confidence when facilitating transactions around the world. Through this single integration, FlashFX has access to 4Stop’s proprietary anti-fraud technology to automate risk management processes with a multi-faceted, real-time risk engine, real-time intelligence and transactional monitoring, all from a centralised view.
“The ever-changing global regulatory environment makes it imperative for businesses to find a KYC solution that will not only facilitate the requirements globally and per localised region for today, but enables them to adapt with requirements in a seamless manner. Our solution does just that and we are very excited to be supporting FlashFX on an international level with our future-proofed, frictionless KYC for secure customer on-boarding and enhanced transactional verifications,” states Ingo Ernst, CEO, 4Stop.
“Security and safety of our clients’ personal details and money is our highest priority at FlashFX. Partnering with 4Stop’s KYC, compliance and anti-fraud technology enables FlashFX to meaningfully increase our global compliance and risk management controls. In an industry that demands a robust and thorough KYC solution, we are excited to be using a platform that helps us to continue to meet regulatory standards and provide enhanced on-boarding and transaction security for our clients,” says Nicolas Steiger, chief enabling officer, FlashFX.
Source: FourStop GmbH