Owlin Launches End-to-End KYC Solution for Payment Service Providers
Today, AI platform Owlin 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, Owlin helps PSPs with some of their most pressing priorities around meeting recent 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. This latest offering from Owlin will significantly enhance KYC processes, particularly when PSPs manually screen merchants against different data sources to check for risk within their merchant portfolio.
Owlin for KYC 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, comments:
“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."
About Owlin
Owlin is an AI-driven platform that helps you structure news and integrates risk and market insights that may affect your business into daily workflows. Owlin provides you with critical insights proactively, continuously, and in real time.
Owlin makes sure you don’t get lost in the wealth of information by visualizing complex data in a simple and customizable interface. Owlin applies AI (Natural Language Processing) to provide valuable insights hidden in the data. This enables you and your business to work faster, be better informed, reduce risks and stay on top of opportunities and trends.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230130005082/en/
Contact information
Owlin USA: Stefan Peekel, stefan@owlin.com, +1 201 932 4580
Owlin Europe: Sarah Lane, sarah@owlin.com, +31 6 1269 2003
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
FPT Commits to Sustainable Development, Aligning with ESG Standards16.4.2024 08:22:00 CEST | Press release
As part of its ongoing commitment to the highest standards of sustainable development, FPT Corporation (FPT) has published its ESG report and prioritized ESG as a key aspect of its 2024 development strategy. The report highlights FPT’s achievement of 87% positive employee feedback, certified by Great Place to Work® - a significantly higher rating than a typical global company’s average of 53%. The Corporation is also certified among Vietnam's Top 10 Best Large-Scale Workplaces. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240415745348/en/ Happy Run race is one of FPT’s social responsibility activities (Photo: Business Wire) “In 2023, I described FPT as a joyful sanctuary. I delineated the concept wherein FPT assumed the role of building a happier future for shareholders, customers, and employees. This depiction has begun to manifest itself into reality,” said FPT Chairman Dr. Truong Gia Binh. FPT’s ESG commitment is reflec
Neura Robotics and OMRON Forge Strategic Alliance to Revolutionize the Manufacturing Industry with Cognitive Robots16.4.2024 08:10:00 CEST | Press release
Neura Robotics, a global pioneer in cognitive robotics, and Omron Robotics and Safety Technologies Inc., a global leader in industrial robotics and automation, are excited to announce their strategic partnership. This partnership aims to revolutionize the manufacturing industry by introducing cognitive robots into factory automation, leveraging advanced AI capabilities to enhance efficiency, flexibility, and safety. Unlike traditional industrial robots, cognitive robots have the ability to learn from their environment, make decisions autonomously, and adapt to dynamic production scenarios. This opens new application possibilities including intricate assembly tasks, detailed quality inspections, and adaptive material handling processes. Olivier Welker, President and CEO of Omron Robotics and Safety Technologies Inc., emphasizes the significance of this partnership, stating, "We see Neura's cognitive technologies as a compelling growth opportunity for industrial robotics. By combining Ne
Smiths Detection launches cutting edge X-ray Diffraction scanner16.4.2024 08:00:00 CEST | Press release
Smiths Detection, a global leader in threat detection and security screening technologies, today announces that it has launched the SDX 10060 XDi, a ground-breaking X-ray scanner powered by diffraction technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240415145550/en/ Smiths Detection's ground-breaking SDX 10060 XDi, powered by diffraction technology. (Photo: Business Wire) X-ray Diffraction (XRD) is a powerful inspection technology offering highly accurate material discrimination and substance identification based on an object’s molecular structure. XRD is particularly suited to detecting constantly evolving compounds in powder, liquid or solid forms, such as ‘homemade’ explosives or narcotics, even for materials with similar densities. Multi-level baggage and material handling operations and express forwarders are under pressure to screen huge volumes quickly and efficiently. The SDX 10060 XDi can transform this p
Dataocean AI Unveils NEW Brand, NEW Site, and NEW Multilingual Speech Corpus for Speech Foundation Models at ICASSP 202416.4.2024 07:00:00 CEST | Press release
Dataocean AI, a global data services provider, is pleased to announce a NEW brand, a NEW site, and a NEW Multilingual Speech Corpus for Speech Foundation Models at ICASSP 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240415891226/en/ Dataocean AI's New Website (Graphic: Business Wire) Dataocean AI announced the upgrade of its branding at ICASSP. The new brand, characterized by dynamic gradient design, symbolizes the company's unwavering commitment to excellence and innovation in the AI data industry. With almost 20 years of experience in the AI data industry, Dataocean AI will continue to innovate, subvert the industry with technology, and provide cost-effective data products and services for over 900 enterprises and research institutes globally. Meanwhile, Dataocean AI launched the new site. A key highlight of the new site is that they have created an e-commerce model for shopping datasets, making it more accessible
GridBeyond Closes €52M Series C Funding Round to Continue Its Platform Evolution and Invest in New & Existing Markets16.4.2024 06:00:00 CEST | Press release
GridBeyond, the leading intelligent energy and smart grid platform provider for distributed energy resource management, has closed its €52M Series C financing round. The round was led by Alantra’s Energy Transition Fund, Klima. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240415760197/en/ GridBeyond closes €52M Series C funding round to continue its platform evolution and invest in new & existing markets. (Graphic: Business Wire) The Series C round also included new investors Energy Impact Partners, Mirova, ABB, Constellation and Yokogawa Electric Corporation as well as investment from existing investor, Act Venture Capital. Since its foundation in 2010, GridBeyond has been developing its AI platform to help businesses unlock the full potential of energy assets, ensuring the sustainability, resilience, and affordability of energy as the world moves towards a zero-carbon future. GridBeyond’s technology unleashes the latent