Kingdom

Boost

DeFi

Planet

<div class="intro-text">
 Redotpay, an emerging crypto payment firm, has partnered with the London Stock Exchange Group (LSEG) to improve its services and align with global regulations requirements.
</div>
According to a<a style="color: #0000ff;" href="https://www.globenewswire.com/news-release/2024/07/24/2917895/0/en/Redotpay-Strengthens-KYC-AML-Screening-with-LSEG-s-World-Check-Intelligence.html" rel="noopener noreferrer nofollow"> recent press release</a>, the partnership will enable the crypto payment firm to enhance its Know Your Customer (KYC) and Anti-Money Laundering (AML) screening capabilities through integration with LSEG’s World-Check Intelligence platform.
Michael Gao, CEO and Co-Founder of Redotpay, expressed enthusiasm for the partnership, stating it demonstrates the company’s commitment to maintaining high security and compliance standards. Gao noted that by leveraging LSEG’s risk intelligence, Redotpay aims to enhance user onboarding experiences and ensure the integrity of its payment network.
According to its official website, LSEG’s World-Check solution is a comprehensive database that “helps financial institutions, the regulated non-banking sector and companies to comply with mandatory KYC, anti-money laundering, countering the financing of terrorism, anti-bribery and corruption, and associated legislation.”
Michael Meadon, LSEG’s Director for the APAC Region and Risk Intelligence, noted that the incorporation of LSEG’s World-Check One solution underscores their commitment to providing top-tier compliance solutions.
According to Meadon, this enhancement will allow Redotpay to expedite onboarding, improve due diligence and screening processes, and ensure robust regulatory compliance.
Founded in 2023 and based in Hong Kong, Redotpay aims to enable users to utilize cryptocurrency assets in daily transactions, similar to traditional fiat currencies. The platform seeks to reduce overall transaction costs through blockchain technology and provide financial services access to the unbanked, promoting greater economic prosperity and financial inclusion.
This development aligns with a broader trend of tech and finance companies partnering to address global societal issues. For instance, Visa<a style="color: #0000ff;" href="https://defi-planet.com/2024/07/visa-partners-with-wirex-to-boost-crypto-use-in-uk-and-europe/" rel="noopener noreferrer nofollow"> recently announced</a> a strategic collaboration with WireX to promote cryptocurrency use in the United Kingdom and Europe. This partnership will leverage new opportunities by integrating Visa cards with WireX’s product enhancements.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/07/crypto-firm-redotpay-integrates-lsegs-world-check-to-boost-kyc-and-aml-compliance/" rel="noopener noreferrer nofollow">Crypto Firm Redotpay Integrates LSEG’s World-Check to Boost KYC and AML Compliance</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Crypto Firm Redotpay Integrates LSEG’s World-Check to Boost KYC and AML Compliance

DeFi Planet

Otros artículos publicados el 24 jul 2024

Elon Musk and Dogecoin Founder Stun Crypto Community With Posts About Truth

Intro to API3

Is RollBlock Poised to Outshine Internet Computer (ICP) and Near Protocol This Bull Run? Experts ...

Mark Zuckerberg calls for open-source AI as Meta releases Llama 3.1

Introducing Space Token DAO: Empowering Our Community

Morpheus Labs Updates and a Future Outlook

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!