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Digital Identity, Security & Online Fraud

WePay selects Sphonic's KYC and KYB services

Thursday 22 September 2016 | 01:53 PM CET

WePay has selected Sphonic\'s Workflow Manager (WFM) to provide Know Your Customer (KYC) and Know Your Business (KYB) services in order to meet regulatory requirements.

WFM enables access to vendor services through a single RESTful API, leveraging the Sphonic flow-control logic within the platform driving real-time insight to detect fraud as well as identifying genuine consumer behaviour.

WePay has recently expanded its business in UK, therefore, the company now seeks to meet the regulatory obligations for on-boarding new customers.

Sphonic is the trading name of Symphonic Solutions Limited with offices in UK and the US. Sphonic has created a suite of products to ensure its clients achieve the right balance in protection and customer experience.

WePay is a payments-as-a-service provider for online platforms including GoFundMe, FreshBooks, and Constant Contact.

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