Risk and Compliance Solutions for Payment Service Providers

Risk and Compliance Solutions for Payment Service Providers

Companies that scale and succeed are those that dedicate time and effort to implement and tune their risk models and processes for fraud prevention and money laundering. For any type of business, but specifically for Payment Service Providers (PSPs), adopting technologies that can help automate many of the onboarding, fraud prevention, and money laundering processes, can become a competitive advantage.

Due to pressure from regulatory entities – including FinCEN in the US, FCA in the UK, Comisión – CNBV in Mexico, etc. –  anti-money laundering (AML) regulations are being pushed downstream from the acquiring and sponsoring banks to their PSPs. This increases the importance of understanding who is on the other side of the transaction using technologies, processes, and services to perform KYB (Know Your Business), KYC (Know Your Customers) and KYCC (Know Your Customer’s Customers).

Payment Service Providers focused on automating these processes succeed because they reduce their fraud and fraud losses, and, to their customers, are safer and more trustworthy. Ultimately, this leads to better relationships with their clients and their sponsoring bank.

Recently, Jose Caldera, Acuant’s Chief Product Officer, spoke on a podcast focused on risk and compliance issues facing Payment Service Providers (PSPs), and the solutions they can achieve. In particular, he covered:

  • The main risks that PSPs face when onboarding and processing transactions for their clients
  • The evolution of technologies that can help you mitigate the risks originated by new business models during and after the onboarding process
    • How Acuant helps customers manage their regulatory environment, focused on the guidelines and regulations provided by their sponsoring bank, and the anti-money laundering (AML) regulatory requirements from the Bank Secrecy Act (BSA)
  • The services provided by Acuant’s platform to automate the processes for KYC, KYB, KYCC, sanctions, PEPs, and transaction monitoring for fraud prevention and anti-money laundering


Jose Caldera discusses risk mitigation by using technology and processes to check the viability and transparency of your customer’s business structure and measure risk based on the constitution and the people behind that business.

The Acuant platform allows Payments Service Providers to meet the guidelines and regulations enforced by you your sponsoring bank and the Bank Secrecy Act, during onboarding and through the entire lifecycle of your customers, in an automated way so you can focus on scaling your business.

Listen to Podcast


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