FourStop: One-Stop Global Compliance

Ingo Ernst, an enthusiastic FinTech entrepreneur with a decade-long experience in developing risk management and compliance software, believes that risk management is ideally a combination of compliance, Know Your Customer (KYC), Anti-Money Laundering (AML) and monitoring customer behavior and their transactions. According to Ernst, a key impediment to rationalized risk-based approach is the task of integrating disparate data sources at various customer touchpoints, as enterprises often face issues with data harmonization. Meanwhile, regulatory bodies across verticals related to online payments continue to impose a strict regulations framework, making it imperative for enterprises to have a foolproof KYC and risk management solution in place. Equipped with extensive experience in risk and compliance within the FinTech arena, the technologist quartet of Ingo Ernst, Alvaro Kurth, Nolan Bolusan, and Daniel Alvarado, co-founded FourStop to provide a one-stop-shop for KYC, compliance and fraud prevention, in a manner that was simplistic to integrate with one API and allowed businesses to effortlessly manage their risk and compliance requirements today and in the future. They have successfully built 4Stop to do just that. Through a single API integration, businesses can future-proof their organization through hundreds of high-quality data sources that 4Stop has integrated into their platform coupled with proprietary real-time intelligent anti-fraud technology, to have a consolidated view of risk.

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.