W2’s Facial Comparison solution helps leading Payment Service Provider vet new digital clients

W2, the leading provider of real-time digital solutions for global regulatory compliance, has partnered with PeP to help the Turkish payment services provider vet the identity of its new digital customers in the UK and to further automate its onboarding processes.

PeP have recently become principal members of Visa and will be launching their UK wallet proposition in June 2020.

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When looking for a vendor to help automate its new digital onboarding process, PeP had three key requirements; they needed an identity verification solution powered by the latest facial-comparison technologies, a solution that reliably verifies multiple types of government-issued IDs including both passports and driver’s licenses and also, they were looking for a customer monitoring solution compliant with Anti-Money Laundering (AML) regulations.

“We are very proud to partner with PeP, providing them with all the tools needed to support a smooth, simple and frictionless customer onboarding journey,” said Warren Russell, W2 CEO. “PeP was looking for a partner to help simplify customer onboarding and the subsequent monitoring of customers whilst ensuring they consistently meet their compliance obligations and in W2, they have found just that.”

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“With the emergence of new methodologies that use machine learning and data analytics, we recognise that the regulatory landscape is becoming more complex and fast-paced than ever before. In W2, we have found a partner that is committed to making compliance as simple as it can be,” said Artun Kumrulu, Board Member at PeP. “Having a reliable digital onboarding process in place that allows us to do better business while protecting our reputation means everything to us.”

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