1 Mar 2021

AAZZUR signs compliance partnership with W2

AAZZUR has signed a partnership with global compliance software provider W2 to provide a range of platform-as-a-service (PaaS) screening tools and verification services for its customers.

The UK and Germany-based open banking start-up enables incumbent and challenger banks alike to monetise customer data by offering third-party services on a white-label basis.

The deal see AAZZUR clients able to benefit from W2’s world-leading KYC and KYB services, fraud prevention and anti-money laundering checks, as well as document verification software, all through a single point of access.

Cardiff-based W2 also offers political exposed persons and sanctions screening, facial comparison and reputation management services.

“AAZZUR is delighted that it will soon be adding W2’s compliance and screening tools to our platform,” says AAZZUR CEO Philipp Buschmann.

“Our customers will be able to benefit from real-time access to up-to-date data thanks to W2’s world-leading global compliance software platform.”

Warren Russell, CEO and founder of W2, said: “We are thrilled that W2 is able to bolster AAZZUR’s offering and supply them with the compliance tools to complement their growing business. W2 and AAZZUR both believe in the power of collaboration, and this partnership will be a great opportunity for both parties.”

W2 has access to leading data and service providers ensuring that up to date and reliable information is available via a range of online APIs and rescreening solutions; enabling businesses to satisfy regulatory requirements and make reliable informed decisions about consumer and corporate customers. 

W2 provides KYC, anti-money laundering, KYB and ID verification. Regarding ID verification, W2 can provide the right solution on a domestic and international scale, for both point of acceptance and ongoing monitoring. W2 offers the most customer-focused compliance solution available, allowing active management of risk.

AAZZUR enables banks to offer tailored services based on customer need thanks to its Behavioural Trigger Engine, while its Financial Services Connector lets banks, insurers and other financial services providers connect in order to easily offer third-party services.

To find out more about how AAZZUR is revolutionising banking by making it more customer-centric, visit the company’s website.

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