FlashFX, a money transfer service that facilitates transfer to 35 countries, has implemented 4Stop technology to address security concerns.

The money transfer platform integrated 4Stop’s all-in-one KYC, compliance and anti-fraud technology.

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FlashFX will primarily use 4Stop technology for KYC verifications, including real-time document identity authentication.

The KYC verification technology of 4Stop will combine hundreds of global KYC data sources.

The vendor said that its multi-faceted real-time risk engine will automate FlashFX’s  risk management processes.

FlashFX chief enabling officer Nicolas Steiger said: “In an industry that demands a robust and thorough KYC solution, we are excited to be using a platform that helps us to continue to meet regulatory standards and provide enhanced on-boarding and transaction security for our clients.”

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4Stop CEO Ingo Ernst added: “The ever-changing global regulatory environment makes it imperative for businesses to find a KYC solution that will not only facilitate the requirements globally and per localised region for today, but enables them to adapt with requirements in a seamless manner.

“Our solution does just that. We are very excited to be supporting FlashFX on an international level with our future-proofed, frictionless KYC for secure customer on-boarding and enhanced transactional verifications.”

Several other payment firms opted for 4Stop’s technology in the recent times. They include payment gateway solution provider Paymentz, money transfer platform PaySend, and ripple wallet and gateway provider GateHub.