W2 partners with Visa to provide compliance solutions and tools for the UK business cardholders

W2 partners with Visa to provide compliance solutions and tools for the UK business cardholders

By Joy Dumasia

W2, a global provider of regulatory compliance software including Know Your Customer (KYC) and Anti-Money Laundering (AML) solutions through a single access point, announces a collaboration with Visa, a world leader in digital payments, to offer enhanced compliance solutions and tools for UK Platinum and Infinite business cardholders.

The new W2 offering will allow businesses operating in regulated sectors (including payments, FinTechs and professional service providers such as accountancy) who hold Visa Platinum and Infinite business cards to access W2’s customer onboarding and monitoring solutions at a heavily discounted rate as part of a loyalty reward.

This perk will help Visa Platinum, and Infinite business card users simplify management of compliance matters through a single access point, helping to navigate stringent regulations set out by the Financial Conduct Authority (FCA).

Warren Russell, Chief Executive Officer & Founder at W2, Commented: “We are absolutely delighted to be able to offer W2’s services to Visa Infinite and Platinum cardholders in the UK. We have certainly seen a shift in the past few years from businesses carrying out manual compliance to having the requirement to automate onboarding and ongoing monitoring of customers. We are looking forward to being able to demonstrate the value of W2’s single access point and how it can be within as reduce customer drop-offs onboarding, as well as saving users time and revenue by removing the need for manual intervention.”

W2 has access to leading data and service providers, ensuring that regulatory up-to-date and reliable information is available via a single access point, enabling businesses to satisfy requirements and make reliable, informed decisions about consumer and corporate customers.

Previous Article

Nordiska extends its partnership with Mambu

Read More

IBSi Daily News Analysis

FCA finds weaknesses in challenger banks’ financial crime controls, here’s what the experts said

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

Leave a Comment

Businesswebsiteindex