Payments giant Visa and regulatory compliance services firm W2 have teamed up to launch enhanced compliance solutions and tools for Platinum and Infinite business cardholders in the UK.

The partnership will enable businesses operating in regulated segments, such as fintech and accountancy firms, with Visa Platinum and Infinite business cards to access W2’s customer onboarding and monitoring compliance solution.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This solution will allow Visa Platinum and Infinite business card users to enhance the management of compliance matters through a single access point.

It is also expected to help businesses easily navigate strict regulations laid out by the UK’s Financial Conduct Authority (FCA).

W2 CEO and co-founder Warren Russell said: “We are absolutely delighted to be able to offer W2’s services to Visa Infinite and Platinum cardholders in the UK. We have certainly seen a shift in the past few years from businesses carrying out manual compliance, to having the requirement to automate onboarding and ongoing monitoring of customers.

“We are looking forward to being able to demonstrate the value of W2’s single access point and how it can dramatically reduce customer drop-offs within onboarding, as well as saving users time and revenue by removing the need for manual intervention.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

W2’s single compliance platform is said to currently provide onboarding and monitoring transactions to more than 100 clients in fintech, payments, gambling, cryptocurrency and other regulated industries.

In 2020, Turkish payment services provider Paladyum Electronic Money and Payment Services partnered with W2 to enhance the digital on-boarding process for its customers in the UK.