back Back

3S Money taps Know Your Customer to streamline KYB processes

By Gloria Methri

September 06, 2023

  • 3S Money
  • Compliance
  • Corporate Onboarding
Share

3S Money, RegTech, Know Your Customer, Know Your Business, Cross Border Payments, Corporate Onboarding, Compliance, KYC, FinTech, UKCross-border payments platform 3S Money has announced its collaboration with RegTech provider Know Your Customer. This partnership aims to digitise and streamline Know Your Business (KYB) procedures to deliver a more seamless and customer-centric onboarding experience to businesses around the world.

The partnership emerged from a challenge posed by Ivan Zhiznevsky, CEO of 3S Money, to his LinkedIn community. Zhiznevsky asked providers who accepted the challenge to share the type of documents and official information they could retrieve for companies registered in specific countries.

Recognised for its international reach and agility, 3S Money offers an advanced cross-border payments platform. The platform facilitates seamless high-value transactions across 190+ countries and grants access to over 65 currencies, allowing clients to open one global business account with localised EU, UK, and US account details.

Know Your Customer’s SaaS platform and API are designed to simplify and automate corporate onboarding, KYB compliance, and periodic reviews for financial institutions around the world. The solutions’ real-time connectivity to company registries across 129 countries, with AI-driven shareholding data extraction and UBO mapping from official documents.

The collaboration aligns with 3S Money and Know Your Customer’s shared mission of promoting financial inclusion and customer-centricity. While 3S Money aims to democratise access to financial services for business owners around the world, Know Your Customer is an advocate for the power of RegTech to level the playing field across the sector.

Ivan Zhiznevsky, CEO at 3S Money, said, “This partnership with Know Your Customer amplifies our commitment to providing a super convenient service to our clients and massively speeds up the onboarding process. By harnessing their technology, we are able to deliver an even more streamlined experience to businesses across the globe. After I posted the challenge on LinkedIn, the response from Jamie Anderson, Global Head of Sales at Know Your Customer, was brilliant. They demonstrated an unmatched quality and coverage of official registry data and documents through their platform.”

Know Your Customer’s CEO, Claus Christensen, added, “3S Money’s objective is to actively put the needs of their business clients at the center of the onboarding experience. We are extremely proud to be the partner of choice for this project, helping them shift the burden of providing official company documents away from the end customer. By integrating our single API, 3S Money is able to source official company documents and standardised corporate and UBO data from their golden source, i.e. the local company registry.”

Previous Article

September 06, 2023

Saudi Awwalal Bank announces partnership with Wise

Read More
Next Article

September 06, 2023

PayU India unveils CommercePro stack to boost business growth

Read More






IBSi Daily News Analysis

June 21, 2024

3S Money

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

Monavate partners Know Your Customer to enhance payment compliance

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

June 21, 2024

Loop & J.P. Morgan Payments to boost working capital with freight payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023