HUBUC announced on Wednesday it has formed a partnership with regtech ComplyAdvantage to integrate compliance and security screening technology to its banking-as-a-service (BaaS) platform. HUBUC describes itself as an embedded financial service provider that allows businesses to integrate multiple payment capabilities from a single platform. The platform’s features include managing all regulatory compliance on behalf of its customers, which saves them the investment in time, implementation, and resourcing.
HUBUC also reported that that partnership will enable businesses using its platform to seamlessly benefit from ComplyAdvantage’s innovative global sanctions screening technology.
“This uses real-time proprietary AML data and sophisticated, configurable matching technology to track companies or entities and ensure businesses are measuring risk against the latest available information and are therefore protected.”
While sharing more details about the partnership, Justine Gilder, Head of Compliance at HUBUC, stated:
“Offering complete compliance management for our business customers is one of the unique, core and most in-demand features on our platform, so we needed a partner that is at the top of its game. Our customers come to us for a suite of payment capabilities that they can use on an international scale, so it’s important to both us and them that we provide it in the most safe and secure way.”
Charles Delingpole, Founder and CEO of ComplyAdvantage, added:
“HUBUC is a great example of a fintech that’s enabling companies to accelerate new embedded finance services to market using their powerful API technology and unified platform. Together we can reduce the threat of financial crimes so businesses can transact with trust and grow with confidence.”
Founded in 2014, ComplyAdvantage has notably been partnering with regulators around the globe and hiring hundreds of developers, data scientists, and financial crime professionals to push the boundaries of financial crime-fighting technology.
