Banking Business Fintech News

Fast Deployment of Beam’s AML Compliance Solution Helps Wise Launch its Banking Platform

Fast Deployment of Beam's AML Compliance Solution Helps Wise Launch its Banking Platform

 Beam Solutions announced that Wise, a fintech that provides digital banking with integrated payments to modern small businesses, has successfully deployed Beam as its anti-money laundering compliance solution.

Read More: GlobalFintechSeries Interview with Ashish Singhal, CEO and Co-Founder at CRUXPay

“We needed to satisfy the AML compliance requirements of our sponsor bank before we went live,” said Wise CEO Arjun Thyagarajan. “We were impressed by Beam’s experience and expertise in compliance, and their cloud-based, unified AML platform was exactly what we needed and cost less than other vendors.”

“Like so many fintechs, Wise had to find an AML solution fast,” said Beam CEO and co-founder Ben Duranske, who previously led payments compliance at Facebook. “Wise was able to get up and running in weeks and could launch their product without delay. We are very happy to be part of the Wise ecosystem as they transform banking for small businesses.”

Read More: Strider Announces John Mullen, Former Assistant Director of CIA, Joins Company as Advisor

To learn more about how Beam solves AML challenges for fintechs, read the Wise case study.

Beam Solutions provides the leading cloud-based anti-money laundering (AML) compliance platform. Beam’s secure, rapidly deployable solutions help organizations safeguard the financial system against criminal activity and protect themselves from reputational risk. Designed by compliance industry veterans, Beam’s platform includes transaction monitoring, Know Your Customer (KYC), sanctions screening, identity verification (IDV), case management, suspicious activity reporting (SAR), and more.

Read More: SIMON Markets LLC and Raymond James Launch New Strategic Partnership for Annuities

Related posts

Pigeon Launches App to Simplify Interpersonal Finance

Fintech News Desk

Financial Data Exchange Adds 39 New Members with Expanding International Footprint

Fintech News Desk

Cellulant Recognised as a Leading Payment Platform Solutions Provider in Nigeria for its Tingg Platform

Fintech News Desk