In a move aimed at providing an even greater level of risk monitoring and assurance to its bank and fintech clients, open banking SaaS platform tell.money has forged a partnership with KYP, a real-time and proactive alerts risk intelligence platform.
The two companies will work together to deliver open banking account providers with robust, real-time continuous risk monitoring of their partners and third-party providers (TPPs).
Tell.money’s subscription-based gateway clients can access the KYP solution as a stand-alone bolt-on or value-added managed service. The tell.gateway product accelerates open banking adoption and also actively helps fintechs, neobanks, and account providers launch PSD2 compliant propositions to market faster.
Alan Nagle, CEO & founder of KYP, said: “The KYP platform addresses the urgent market need for continuous monitoring and proactive alerts of merchant, TPPs and partners providing actionable risk intelligence. KYP is not an onboarding and transaction monitoring solution, but a real time B2B ongoing fraud, risk and reputational mitigation solution.
“We are excited to see how KYP will help protect tell.money’s growing client base globally”
David Monty, co-founder at tell.money, also outlined: “There are many suppliers in the market offering ‘single solutions’ on adverse media or politically exposed persons (PEPs)/sanctions, but no one else currently takes the complete data set (dark web, adverse media, credit scores, PEPs, sanctions, cyber risk) and delivers this in an integrated actionable interface.”
Nagle founded KYP (an abbreviation for Know Your Partner, Know Your Provider) in London in February 2021.
