Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
Digital Identity, Security & Online Fraud

iSignthis' Paydentity enhances KYC requirements for Xm.co.uk

Tuesday 25 April 2017 | 08:47 AM CET

iSignthis has teamed up with Xm.co.uk to support XM’s UK licensed operations with its Paydentity solution.

This partnership follows the UK’s Joint Money Laundering Steering Group (JMLSG) and the EU’s 4th AML Directive (4AMLD) requirements that customers have to be subject to on-going and continuous due diligence, with ongoing Know Your Customer (KYC) and transactional checks for unusual or suspicious activity required on active customer accounts. Initially, the offer will be accessible to UK and EU residents.

Paydentity is an automated identity and payments platform, incorporating real time remote verification of end users domiciled in any FATF or equivalent jurisdiction, leveraging verification of ‘bank verified’ payment instruments to establish identity.

The service includes remote enhanced due diligence (EDD) to meet the KYC requirements of the EU’s 3 and 4AMLD’s, UK’s JMLSG, Austrac Regulations and Cypriot CySec Directives, and payment instrument verification, including for future PSD2 Strong Customer Authentication.

For more information about iSignthis, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

 advertisement
 advertisement
 advertisement
 advertisement