In today’s turbulent financial market and competitive environment, FinTech companies worldwide must follow legal regulations and safety protocols to survive. Individuals, businesses, and governments require assurance that their funds are safe and that they can depend on financial service providers to prevent situations where their money becomes trapped with uncertain reimbursement possibilities.
At Wallester, we prioritise the security and efficiency of our financial solutions. Adhering to the strict rules and regulations of the financial sector, Wallester remains dedicated to ensuring the security and efficiency of our services while complying with regulatory requirements. We take immense pride in continuously evolving our safety procedures to eliminate any possibility of fraud or violations.
At our company, safeguarding our customers’ sensitive information is a top priority. We utilise the most up-to-date encryption technology and transaction monitoring to defend against financial terrorism. We also store our clients’ funds in separate accounts for added protection.
To combat money laundering and terrorist financing, we have dedicated AML (Anti-Money Laundering) and KYB (Know Your Business) teams. During onboarding, these teams conduct thorough background checks on all customers. We conduct extensive checks by processing customers’ documents and information through various business registers across the globe.
Our commitment to ensuring reliable and secure collaborations drives us to continuously update our AML & KYB team’s knowledge and procedures. Some key areas we focus on include:
KYC (Know Your Customer) & KYB: We employ remote verification methods to authenticate the identities of all business beneficiaries, ensuring compliance with regulatory requirements.
Understanding business purpose and relations: We meticulously analyse the nature of business relationships, sources of funds, and transactions to establish the legitimacy and integrity of our customer’s operations.
Ongoing monitoring and risk assessment: We maintain a vigilant approach by continuously monitoring customer activities and conducting risk assessments to detect any suspicious behaviour or potential risks.
By implementing robust AML and KYB practices, we strive to maintain the highest levels of integrity, trust, and compliance within our customer base.
We have ambitious plans to enhance our security measures and offer more financial solutions to our clients. This includes pursuing additional certifications such as EMI to broaden our services and accessibility. We strive to provide our customers with peace of mind and reliable financial infrastructure by continuously improving our security requirements and obtaining industry certifications.
At Wallester, we remain dedicated to offering enhanced financial services to our valued customers. Whether you seek fast and efficient solutions for card issuance under your brand or wish to join our payroll program and leverage the Wallester Business payment infrastructure, we are here to meet your needs. We strive to establish long-lasting business relationships with our customers and provide a full range of financial services to achieve their financial objectives. We believe in the power of secure and efficient financial solutions and invite you to experience the Wallester difference.
Together, let’s build a secure and prosperous financial future.
Contact our Sales Team to learn more about our solutions.
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