Redotpay Enhances KYC/AML Screening with LSEG's World-Check Intelligence

Redotpay, a rapidly growing crypto payment company, has announced the enhancement of its Know Your Customer (KYC) and Anti-Money Laundering (AML) screening capabilities through the integration of LSEG's World-Check Intelligence platform.

Redotpay is revolutionizing financial transactions and services by offering secure and efficient payment solutions globally. The company’s mission to simplify payments for individuals and businesses is further strengthened by deploying LSEG’s compliance intelligence solution. This integration aims to ensure regulatory compliance and mitigate financial transaction risks.

LSEG's World-Check Intelligence platform is a comprehensive database providing extensive risk intelligence, including information on sanctions, politically exposed persons (PEPs), and heightened-risk individuals and entities. Leveraging this tool, Redotpay will enhance its KYC/AML procedures, enabling faster and more accurate risk identification and improving overall customer due diligence.

Michael Gao, CEO & Co-founder of Redotpay, stated, “We are thrilled to integrate LSEG’s World-Check Intelligence into our KYC/AML screening processes. This collaboration underscores our commitment to maintaining the highest standards of compliance and security. By harnessing the power of LSEG's renowned risk intelligence, we can improve our customer’s onboarding experience and ensure the integrity of our payment ecosystem.”

Michael Meadon, Director, Asia Pacific, Risk Intelligence at LSEG, commented, “Integrating our World-Check One platform into Redotpay’s KYC/AML processes confirms our dedication to providing top-tier compliance solutions. This enhancement will enable Redotpay to speed up onboarding, elevate their due diligence and screening, and ensure robust regulatory compliance.”

Overall, this development marks a significant step for Redotpay in fortifying its security measures and compliance standards. The integration of LSEG's World-Check Intelligence not only improves the efficiency of Redotpay's screening processes but also enhances trust in its payment solutions, potentially leading to broader adoption and increased confidence among users. As the financial landscape continues to evolve, robust KYC/AML practices are essential in safeguarding against financial crimes and ensuring a secure transaction environment.