Source: Fourthline
Scalapay, a trailblazer in the Buy Now Pay Later industry, has taken a significant step toward bolstering its commitment to regulatory compliance. Backed by its newfound status as a payment institution, Scalapay has forged a strategic partnership with Fourthline, a prominent RegTech provider serving the financial sector in Europe.
In its role as a regulated financial institution, Scalapay diligently navigates the intricate landscape of ever-evolving regulatory requirements across all European countries where it operates.
The alliance with Fourthline equips Scalapay with cutting-edge technology capable of ensuring sustained compliance while adapting to the evolving European regulatory framework. Fourthline offers an array of solutions to banks and fintech companies, automating KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures in accordance with local mandates. Their proprietary technology leverages artificial intelligence techniques, including computer vision, biometric data analysis, and optical character recognition…
Read full article: https://fourthline.com/newsroom/Scalapay_joins_forces_with_Fourthline
