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Payment service providers

The balancing act for speed and compliance

Payment service providers are essential for financial systems, enabling transactions among customers, businesses, and banks. With every money transfer, there is also a potential risk of money laundering and terrorist financing. Take proactive measures to protect your payments business and build customer confidence in every transaction.

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The rise of payment complexity

Key actors in the financial system are under the spotlight for financial crime, where payment processing is a common target for illicit activities. Regulators are increasingly paying attention to the payments industry.

Payment service providers are subject to various legislations, such as PSS Payment Services Directive 2 (PSD2), Market in Crypto Assets Regulation (MiCA), and the 5th Money Laundering Directive (5MLD). The added complexity of following rules and regulations is combined with the need for security, transparency, and convenience for users in the payment process. 

This balancing act calls for a strong AML programme that uses robust and reliable technology.

How we help payment service providers

PEP and sanctions screening

Screen your customers regularly and block or report to relevant stakeholders to pinpoint suspicion or potential crime. Use up-to-date, accurate data sources, including politically exposed persons (PEP), relatives and close associates (RCA), sanctions, and UBO information.

Streamline customer due dilligence

To ensure smooth and effective KYC processes, both for new customers and for regular checks, you should establish a secure and simplified process that integrates questionnaires, approval models, and case management in one platform.

Transaction monitoring and customer behaviours

See and monitor suspicious transactions and behaviours that require your attention, both within and outside your payment transactions. Create and configure rules specific to your business to help you detect and identify suspicious activities before it's too late. 

Work smarter and more effective with your AML processes

  • Screen your customers against various watchlists such as PEP and sanctions to remain compliant

  • Automate and collect KYC information during customer onboarding and ongoing monitoring

  • Combine KYC answers with actual behaviours for up-to-date risk profiles

  • Manage customer cases and keep records in one place to avoid duplication of work

  • Work more efficiently in one integrated solution to save time and money

Transaktionsvolymerna som flödar genom våra system ökar hela tiden. Därför är automatiseringen av vår transaktionsmonitorering som vi får med hjälp av Trapets avgörande för oss."
Chief Operating Officer på Modulr
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Inget formulär tillgängligt!

Read more about our AML solutions

  • Red and white light trails on a black background.


    Screena dina kunder mot sanktionslistor, personer i politisk utsatt ställning, släktingar och nära bekanta, verkliga huvudmän och negativ media.

  • Focused view of a hand holding a coin, with blurred dark background.


    Omfattande transaktionsmonitorering hjälper dig att följa regelverken och effektivisera dina processer för bekämpning av penningtvätt.

  • Silhouetted figures casting shadows on a tiled floor, with a colorful light reflection.

    Customer Due Diligence

    Aktivera nya kunder med en anpassningsbar lösning för kundkännedom. Skapa, skicka ut, analysera och lagra KYC-formulär på ett och samma ställe.