NayaPay Integrates World-Check to Strengthen Customer Due Diligence
NayaPay (Pvt.) Limited, an upcoming E-Money Institution, has selected Refinitiv’s WorldCheck database to reinforce its customer due diligence process. NayaPay will use the database to screen consumers and merchants during onboarding for E-Money accounts to reduce the risk of financial crimes, such as money laundering, financing of terrorism and frauds.
Refinitiv’s World-Check Risk Intelligence is used by regulated companies to help screen for financial crime risks as part of their anti-money laundering compliance programs. Widely adopted by the international financial services industry, it assists clients in uncovering potential connections to bribery and corruption, sanctions, and other risks.
Phil Cotter, Managing Director of the Risk business at Refinitiv, said:
Danish A. Lakhani, CEO, NayaPay, said:
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community - driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information visit: www.Refinitiv.com
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