W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with Enfuce to provide a range of compliance solutions through its award-winning platform.
Enfuce, a leading Nordic fintech, offers payment, open banking and sustainability services to banks, fintechs, financial operators and merchants. Enfuce is fast becoming one of the most dynamic forward-thinking and innovative payment service providers in Europe.
To enable their ambitious growth plan, Enfuce was searching for a trusted and scalable provider of KYC and KYB processes that could support them in all European markets. This will allow Enfuce to offer a fully turnkey payment processing and card issuing service across Europe.
Monika Liikamaa, Co-founder, Group CEO & Chair at Enfuce commented “We had a really exciting opportunity to support a major global partner in entering a new market in the EEA, but to succeed we needed to find a solution that streamlined our KYB and KYC requirements. In W2 we found a partner that could not only deliver on this one key project by adapting and aligning their KYB and KYC solutions to meet some exacting regulatory requirements but was also forward-thinking enough to recognize the long-term growth opportunity and help support us on that. We see a lot of synergies in how our two companies think and work and are very much looking forward to the partnership we have set up.”
Warren Russell, CEO of W2 commented that “Delivering on challenging projects is always rewarding but the chance to work on this with Enfuce was a real pleasure. Two teams working together to ensure compliance and reduce complexity is a great example of what partnership should be. How we align our KYB, KYC and AML service through our platform is critical to our clients and we look forward to working with Enfuce as they open up new markets and deliver on their client’s expectations”.
W2 is committed to delivering proven, innovative, and reliable technology that makes it simple to manage and extra value from the KYC and AML supply chain through a single API. W2 gives your consumer and corporate customers a seamless digital experience, and, in addition, removes the traditional blockers of upfront fees, multiple supply contracts and usage commitments, allowing you to focus on growing your business.
W2’s technology helps enable businesses to remove the complexity from compliance, aid in adhering to current and future regulatory requirements, and ensure that the ease and efficiency of the customer onboarding journey is as streamlined as possible. Not only will W2’s technology help allow for a compliant onboarding process, but constant monitoring of current customers will prevent any fraudulent activity and money laundering from taking place in the business.
W2’s mission is simple; Complexity should never be a barrier to business.
James Roberts , Marketing Executive, W2, James.Roberts@w2globaldata.com
Linda Essén, Marketing and Communications Manager, Enfuce, firstname.lastname@example.org
Enfuce offers payment, open banking and sustainability services to banks, fintechs, financial operators, and merchants. By combining industry expertise, innovative technology and compliance, Enfuce delivers long-term and scalable solutions quickly and securely. Founded in Finland, Enfuce recently expanded its geographic presence in Germany, Latvia, Sweden, and the UK and has over 16 million active card users on their platform from whom Enfuce processes close to €1 billion transactions annually.
Enfuce has raised multiple rounds of venture capital funding and has been recognised by e.g. TheFinTech50, Visa Fintech Fast Track programme, Mastercard Lighthouse Development Programme, Deloitte Technology Fast 50, and as winner of the 2019 PayTech Award for “Best Payments solution for Payment Systems in the Cloud”.
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