COLOGNE, Germany, Oct. 27, 2020 /PRNewswire/
-- Fourstop GmbH (4Stop), a leading global provider
for KYB, KYC, compliance and fraud prevention technology, announces
today the activation and partnership of its data-driven
KYB business underwriting solution with 123signed.
Underwriting merchants is a vital part of businesses'
sustainability. It's the first level of defence against fraud
and illicit activity towards an entity. However, for many
businesses worldwide, obtaining a harmonised view of the risk
associated with onboarding comes with an array of cumbersome
processes and manual due-diligence. Manual processes bring
excessive cost and resource demands along with long-delayed
onboarding times, reducing revenue and profit.
This partnership between 4Stop and 123signed truly
complements each other's objectives at combatting cumbersome
business onboarding challenges. Businesses can now access
4Stop's leading merchant verification tools and transaction
monitoring via the 123signed platform, delivering a fully automated
system developed by compliance and regulatory experts. Both firms
prioritise effortless verification for a seamless onboarding
experience. They are leveraging modern technologies such as
automated data-driven verifications, paired with real-time
analytics and dynamic decision-making frameworks and intelligence
to solve the frustrations and high costs that manual due-diligence
brings.
Typically, it can take a business many months to integrate a
single data source provider. Managing and integrating multiple
third-party data providers puts a drain on development resources,
brings high-costs and loss of agility to adapt to compliance
quickly. Ultimately, the only way to manage risk and
onboard merchants, directors, and customers with confidence is
by having access to world-class data. 123signed
recognised orchestration hubs, like 4Stop, are leading the
future for risk mitigation and positively impacting due-diligence
through the ease of access to multi-level verifications.
"We at 123signed are very excited to partner with 4Stop. This
partnership will allow us to provide a smooth and frictionless
onboarding of consumers and businesses across the globe, as we
continue to add features to prevent fraud and monitor ongoing
activities," states Craig James,
Founder, 123signed.
Organisations can now onboard and monitor their customer
activities in a frictionless manner for their users, making sure
that all regulatory requirements are adhered to. Through this
partnership, businesses can run a wider array of data checks from a
single provider. This paired with multi-level risk scoring
methodology provided by dynamic data cross-over analysis and
aggregated data providers, ignites a new level of trust. Businesses
can be confident in the risk score associated with every
underwriting case file and can improve their acceptance rates,
onboarding times and conversions.
"We are thrilled to be partnering with an innovator like
123signed within the B2B risk mitigation industry. Both our
solutions future-proof against the ongoing evolutions experienced
in regulatory obligations locally and globally, and we look forward
to inspiring each other to best support our online eco-system
advances," Ingo Ernst, CEO, 4Stop.
To learn more about 123signed services, please visit
123signed.com. To learn more about 4Stop services, please visit
4stop.com or contact sales@4stop.com.
Related Images
4stop-and-123signed.jpg
4Stop and 123signed
4Stop's Automated KYB Underwriting Solution Now Integrated and
Partnered with 123signed.
Related Links
4stop
123signed
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SOURCE FourStop GmbH