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tell.money partners with KYP to enhance Open Banking security

By Gloria Methri

March 17, 2023

  • FinTech
  • Fraud Mitigation
  • Open Banking
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tell.money, Open Banking, FinTech, UK, Risk Monitoring, Risk Intelligence Platform, PSD2, Transaction Monitoring, Fraud Mitigationtell.money announced that KYP, the real-time and proactive alerts risk intelligence platform, has been selected as its global data orchestration solution to manage its merchant and third-party relationships.

KYP and tell.money have also entered into a strategic partnership to deliver Open Banking account providers with robust, real-time continuous risk monitoring of their partners and TPPs.

“The tell.money gateway is a dedicated interface for banks, FinTechs, and other account providers, meeting their obligations under PSD2 with ease and at low cost,” said Co-Founder, David Monty. “There are many suppliers in the market offering ‘single solutions’ on adverse media or PEPs/Sanctions but no one else currently takes the complete data set and delivers this in an integrated actionable interface. By combining KYP’s Risk Intelligence Platform and tell.money’s gateway, we will be able to offer an even greater level of risk monitoring and assurance to our bank and FinTech clients. The KYP solution is available to all tell.money gateway clients as a stand-alone bolt-on or value-added managed service,” he said.

“We are delighted to be partnering with tell.money and we look forward to working with tell.money team moving forward,” said Alan Nagle, CEO & Founder of KYP. The KYP platform addresses the urgent market need for continuous monitoring and proactive alerts of merchants, TPP’s & partners providing actionable risk intelligence. KYP is not an onboarding and transaction monitoring solution, but a real-time B2B ongoing fraud, risk, and reputational mitigation solution and we are excited to see how KYP will help protect tell.money’s growing client base globally.”

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