Tell.money announced that KYP, a leading real time and proactive alerts risk intelligence platform, has been selected as a their global data orchestration solution to manage their merchant and third party relationships on an ongoing basis.
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. 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 (DarkWeb, Adverse Media, Credit Scores, PEPs, Sanctions, Cyber Risk and Insolvency Checks) 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 assurity 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” comments David Monty, Co-Founder at tell.money
“We are delighted to be partnering with tell.money and we look forward to working with the tell.money team moving forward. The KYP platform addresses the urgent market need for continuous monitoring and proactive alerts of Merchant, TPP’s & partners providing actionable risk intelligence. KYP is not an onboarding and transaction monitoring solution, but a real time B2B on-going fraud, risk and reputational mitigation solution and we are excited to see how KYP will help protect tell.money’s growing client base globally” said Alan Nagle, CEO & Founder of KYP.