back Back

Owlin launches end-to-end KYC solution for payment service providers

By Gloria Methri

January 31, 2023

  • Customer Onboarding
  • KYC
  • Monitoring and Screening
Share

Owlin, KYC, customer onboarding, monitoring, screening, offboarding, AI, Natural Language Processing, NetherlandsAI platform Owlin has announced the launch of Owlin for KYC, offering Payment Service Providers (PSPs) a single solution for onboarding, monitoring, and offboarding merchants.

With this new solution, the company aims to help PSPs in meeting regulatory requirements and dealing with the insecurities that come from current economic developments.

Owlin for KYC enables PSPs to screen their merchants against multiple data sources, including Adverse Media, Sanctions, Politically Exposed Persons, and Customer Reviews.

The latest offering is expected to enhance KYC processes, particularly when PSPs manually screen merchants against different data sources to check for risk within their portfolio.

The KYC solution supports seamless transition from the onboarding phase to continuous monitoring, with all data associated with the onboarding and monitoring steps being retained and available as an end-to-end audit trail.

Sarah Lane, Chief Commercial Officer at Owlin, said, “From conversations with our existing PSP clients and prospect base, we learned their challenges with meeting new regulatory requirements. In the past couple of months, we’ve immersed ourselves in the existing onboarding and compliance workflows to design our PSP offering from the ground up to meet the requirements for the future.”

“As such, we are incredibly excited to announce the launch of our end-to-end KYC solution for PSPs, which is in direct response to our customers’ desire to combine Owlin’s world-class adverse media monitoring with onboarding and auditability support. We can now offer our clients a single solution to meet their operational onboarding and monitoring needs, supported by a robust framework to satisfy their regulatory requirements.”

Owlin is an AI-driven platform that helps firms structure news and integrate risk and market insights that may affect a business into daily workflows. It applies Natural Language Processing to provide valuable insights hidden in the data and provide critical insights proactively, continuously, and in real-time.

Previous Article

January 31, 2023

GPS appoints Jim McCarthy and Kevin Fox to leadership team

Read More
Next Article

January 31, 2023

Mbank develops app to generate NINs for both ADX & DFM IPO subscriptions

Read More






IBSi Daily News Analysis

cybersecurity,

June 20, 2024

Customer Onboarding

Why predictive AI is a critical necessity in the field of cybersecurity

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

Today

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

Read More

June 20, 2024

First Abu Dhabi Bank bolsters CLM operations with Fenergo

Read More

June 20, 2024

Sumsub & Finastra team to strengthen Banking sector compliance

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