Integrated Finance partners KYP for data intelligence and risk monitoring tech
Financial infrastructure firm Integrated Finance has partnered with risk monitoring and data intelligence platform KYP to strengthen its onboarding and cybersecurity capabilities.
Integrated Finance partners KYP for risk monitoring
Integrated Finance’s cloud-based offering enables fintechs to connect to core financial services – including accounts, cards and compliance – through an API interface layer.
The addition of KYP’s real-time data intelligence solution and risk monitoring platform will “add continuous risk monitoring to our existing onboarding, screening and transaction monitoring capabilities”, according to Alistair Cotton, CEO and co-founder of Integrated Finance.
KYP says it provides “continuous monitoring, insights and alerts to deliver a complete picture of the partners, suppliers and companies your business relies upon”.
The technology allows for data visualisation and can alert institutions to damaging data breaches from third-party partners. It also scans dark web history for additional insight into potential partners to boost trust and enable risk and fraud teams to make more informed decisions on which companies to work with.
Alan Nagle, CEO and founder of KYP, says this latest deal signals the platform’s expansion “in the realm of risk intelligence in payments”. The UK-based start-up, founded in 2021, previously extended its solutions to tell.money this time last year to apply risk monitoring to open banking account providers.
