On-boarding / Risk and Compliance

How Paynetics adds value:
A fully digital on-boarding, ongoing risk and compliance monitoring


On-boarding / Risk and Compliance


Paynetics has developed a smooth on-boarding process, both for merchants and consumers. Our fully digital and automated process allows merchants to enroll in a seamless and transparent way. For our retail clients we offer pour digital banking mobile app which incorporates a fully compliant KYC process.


A fully digital experience, from start to finish


Integrated with most European registers


Fully compliant with EU regulations and following best AML practices

some of our clients

Merchant On-boarding

Merchant underwriting and onboarding have been a high priority strategic area for the team. The real challenge has been to setup a simple and trustworthy onboarding process that got an online merchant up and running simply, swiftly, and seamlessly, whilst at the same time complying with the existing payment regulations and AML laws.

Our web based on-boarding module take the merchant on an intuitive journey. Due to our integration with most trade registers in the EU, we require very few documents to be uploaded. The KYC on the owners and managers of the merchants is fully automatic based on on-house video identification tools and connections to EU databases. In less than one hour the merchant is up and running.

We handling merchant applications flexibly, smoothly and continuously, with no gaps and delays between one stage and the next. Every step of the way we have dedicated account managers, customer care and support, pre- and post-sale support.

Consumer On-boarding

For our partners who have a B2C offer, we provide a consumer friendly interface ensuring superior customer journey and a speedy process. Integrated within our digital mobile banking app, the KYC process is quick and easy – in less that 3 minutes, the client is on-boarded. We are able to achieve that without jeopardizing the AML and KYC standards because we are integrated with various databases across Europe, taking into account any country specific requirements or features. The video authentication is done in house. Then we monitor the client and do the required regular checks with the Sanctions and Politically Exposed Persons lists. We cover all the regulatory checks and processes so that our clients can focus on their business.

Ongoing risk monitoring and compliance

The provision of payment services is heavily regulated, requiring substantial investment in risk and compliance monitoring. We cover that part of the process, and thus enable our partners to built payments into nearly any industry. With simple banking at your fingertips, any application or platform could allow users to conduct financial dealings within their walls more efficiently and minimize the steps necessary to transact within their platform.

Providing ongoing risk management and compliance as a service is critical because it allows for professional and safe financial operations to be directly inputted into any platform. We empower our clients to offer financial services without becoming a financial services company. In reality, they are embedding a tool designed to facilitate payments and financial processes on the platform of pour partners. We allow for deep and well-built financial solutions to be easily integrated into any platform. This makes it easier than ever for apps and platforms to offer protected and ready-to-go financial services.

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