FourStop offers a unified back-office management system to handle global data sources in real-time to ensure that businesses are able to activate and deploy the required KYC packages for compliance in case of regulation updates. By integrating the touch points—registration, deployment, transferrals, and payouts during the entire customer journey, FourStop KYC services enable payment service providers, direct merchants, e-wallets, acquiring banks and new business models such as Crypto exchanges to perform additional validation, verification, or authentication along with general risk screening. FourStop’s exceptionally flexible platform services offer the widest range of KYC data sources that have been pre-programmed with thousands of anti-fraud parameters. Additionally, the firm’s compliance solutions conform to the top local regulatory frameworks—Payment Services (PSD2), Fourth Money Laundering Directive (4MLD) or the more recent 5MLD—to further a client’s KYC compliance and risk management initiative.
FourStop’s approach to bring the best-in-class together is evident in their global coverage and service capabilities with a very granular level of rules around them. The firm’s ability to deliver risk management from a both “regulatory framework” and “overall risk of business” perspective is being leveraged by their clientele that includes some of the largest enterprises. For instance, FourStop recently partnered with a U.S.-based payment institution with plans for aggressive expansion across the global payment market. The client faced issues associated with the unavailability of local data sources, KYC, compliance and risk management resources. A full-fledged integration of FourStop’s KYC and compliance solution allowed the client to aggressively enter new markets without worrying about the regulatory framework.
It’s not just about preventing fraud or addressing compliance gaps. We enable businesses to grow and expand quickly and efficiently through a single integration
Guided by the commitment to make it easier for clients to understand the data source usage and risk management setup within the customer journey, FourStop has already integrated a multitude of data sources and is on a constant lookout to integrate more to complement their risk and compliance services. With a focus on accelerated growth, FourStop has established multiple global distribution partnerships as a part of their re-seller network to resell their solutions as white-labelled or value-added products.