PayAccept has partnered with renowned RegTech company Sekuritance in a bid to boost the security of its L2 blockchain ecosystem and upcoming wallet
Sources previewed the agreement and noted that PayAccept will leverage Sekuritance’s pool of RegTech solutions, such as in-depth on-chain analysis and advanced KYC/AML analytics as a way of complying with local and international requirements.
Headquartered in the Netherlands, PayAccept prides itself in offering a range of products and services in the payments space, including payment cards for multiple currencies, a POS payment solution, and integrating traditional and digital assets. In addition, the platform is also helpful in risk assessment and management, fiat and crypto operations, cryptocurrency lending, to name a few.
While acknowledging the strategic partnership, Chief Marketing and Business Development Officer (CMBO) at Sekuritance, Antonio Bileci stated:
“Sekuritance is excited to integrate the PayAccept protocol with our RegTech suite of products to ensure that counterparties using the PAYT cryptocurrency, and other assets created on PayAccept, and its respective wallet are not tainted by illicit funds.”
“This provides a seamless transition for financial institutions to uptake the protocol with scale, reducing the concern of AML/CFT compliance,” a delighted Bileci added.
Sekuritance is perhaps well-known for its robust platform offering end-to-end vendor management and AML/CTF, FCPA, investor checks, cyber risk assessment, card processing and MFA checks, blockchain wallets inspections, Business Process Management requirements, plus a host of other RegTech solutions.
The sealed deal is undoubtedly set to augment the leading decentralized finance and blockchain company, PayAccept. The firm has rolled out its plan to ensure its clientele gains access to a suite of crypto tools via a user-friendly, intuitive, and streamlined interface. This, according to PayAccept, will see to it that clients retain full control of their finances at all times.
Considering its array of solutions, including tech tools and decentralized cryptocurrency wallets, merchants worldwide quickly realize this fintech provider’s potential, especially when dealing with multiple cryptocurrency payments.
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