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FOMO Pay and Notabene partner to bolsters digital asset compliance

By Delisha Fernandes

September 05, 2023

  • Digital Asset
  • Digital Banking Solutions
  • digital payment
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FOMO Pay, Notabene, Digital Asset, digital payment, digital banking solutions, know-your-transaction, KYT, merchants, financial institutions, FinTech news, FinTech SingaporeFOMO Pay, a Singapore-based digital payment and digital banking solutions provider, has partnered with Notabene.

The implementation of Notabene’s end-to-end solution for global Travel Rule compliance enables FOMO Pay to further enhance its know-your-transaction (KYT) capabilities and highlights the company’s commitment to compliance and customer security.

In addition, through comprehensive licensing and adherence to regulatory requirements, The company has obtained “Super VASP” status in Notabene’s Virtual Asset Service Providers (VASP) network. This helps the public with streamlined access to accurate and verified business information, aligning with FOMO Pay’s consistent efforts to foster trust in the digital payment and digital asset fields.

“We are pleased to partner with Notabene and integrate their Travel Rule solution. This collaboration represents FOMO Pay’s commitment to strengthening our compliance capabilities in alignment with global regulations, enabling informed decisions to enhance our AML capabilities,” said Wee Teck Lim, Head of Compliance at FOMO Pay. “We firmly believe that our collaboration with Notabene will further enhance our ability to provide secure and reliable digital payment and digital asset solutions to our valued clients and partners.”

In order to maintain comprehensive digital asset compliance capabilities in the digital asset industry, FOMO Pay adopts a proactive approach in investing in compliance solutions to continue to ensure strict adherence to global regulations. Integration with Notabene equips FOMO Pay to automate Travel Rule compliance in line with global regulations, allowing secure and efficient digital asset transactions.

“We are excited to be working with FOMO Pay to enrich their compliance capabilities and ensure safer digital asset transactions for their clients. The company’s commitment to bridging the gap between fiat and digital assets for business use cases is very aligned with our mission at Notabene. This collaboration demonstrates the significant impact of Travel Rule implementation in facilitating secure and efficient digital asset transactions to build a safer and more accessible digital asset ecosystem.” said Pelle Braendgaard, CEO of Notabene.

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