• Home News 4Stop's Data and Risk Marketplace Signed to Be Integrated With ZBX

4Stop's Data and Risk Marketplace Signed to Be Integrated With ZBX

Posted 18 Nov-2021 03:19 PM by Steve | 598

FourStop GmbH ("4Stop"), a leading global provider for data and risk mitigation technology, announces the signed agreement with ZBX to integrate 4Stop's data-driven Know Your Customer (KYC), Know Your Business (KYB) and advanced proprietary fraud prevention technology.

The crypto industry is rapidly growing and expected to hit USD 1.6 billion this year to USD 2.2 billion by 2026, at a CAGR of 7.1%. Even against the backdrop of the uncertainty raised by COVID-19, crypto adoption rate is garnering significant attention, with over 300 million cyrpto users and more than 18,000 businesses globally accepting the digital currency in the third quarter of 2021. ZBX, a cryptocurrency exchange registered in Europe, allows individuals and institutional traders to exchange Bitcoin and altcoins against cryptocurrency or the EURO. 

With these growth rates, ZBX strives to provide cutting-edge fiat and crypto-centric products. Their current platform includes a banking API, providing clients with the option to bind their crypto wallets to a Swiss bank account, insured up to 100,000 Swiss Francs, that allows for secure and seamless OTC transactions. More than 1.7 billion people globally do not have access to banking infrastructure, and people are turning away from traditional financial services to fintech for better flexibility. Products and services such as ZBX are imperative to close the gap, bring inclusion, autonomy and flexibility to financial services. 

As a regulated company, ZBX needs to operate in a fully compliant manner while also obtaining premium fraud defence in the digital industry. 4Stop's end-to-end and customisable data and risk marketplace quickly enable ZBX with peace-of-mind and confidence in its compliance management. 4Stop provides them with secure customer onboarding and engagement globally and doing so in a manner that does not bring forth high costs, multiple third-party data provider integrations, loss of time and resources.

Integration with 4Stop gave ZBX instant access to over 150 data services powered through 4Stop's proprietary robust anti-fraud technology with an array of risk marketplace tools. ZBX can build custom compliance workflows to support both their customer and business onboarding, along with obtaining real-time transactional monitoring and fully automated ongoing compliance monitoring and rechecks. Additionally, 4Stop's risk marketplace provides a fully automated and dynamic risk engine, cascading logic, case management, granular business and customer profiling, risk queue management, dynamic decision-making frameworks, a 4Score risk analysis, behaviour tracking, reporting and more. All configured with complete agility and customisation per account, region, timeframe and more. ZBX obtains everything they need to effortlessly solve their compliance, data and fraud defence worldwide and in an entirely future-proofed manner. 

"We are very pleased to be engaging with world-class partners such as 4Stop. We expect that the harmonisation of crypto technology, regulation, AML fraud detection and regtech will continue to improve our end-user experience whilst also increasing our capacity to meet our ever-growing AML/CFT reporting requirements," states Ian Dawson, CFO, ZBX.

Learn more about ZBX or 4Stop and visit them at Sigma Europe.
Source: https://www.newswire.com/news/4stops-data-and-risk-marketplace-signed-to-be-integrated-with-zbx-21555954

Tags:

aml, API, business technology, compliance, Crypto, Cryptocurrency, Data, Data Marketplace, Data Services, Digital Identity, Fintech, Fraud Prevention, Regulatory, Risk Management, Risk Mitigation, Verification Affordable Press Release Network, Affordable Press Release Website, Free Press Release Network, Free Press Release Website, Press Release

Company Information

Company Name Contact Person Contact Number Email Id Website Address
Zacks Steve John 800-767-3771 support@zacks.com https://www.zacks.com Chicago - Chicago, United States

Other Technology Related Press Release News

Future Electronics Signs New Global Franchise Agreement with ScioSense Free

Montreal, Canada (pressreleasepower ) March 3, 2021 - Future Electronics, a global leading distributor of electronic components, is very pleased to ...Read More


Robert Miller Congratulates Future Team on Winning Vishay’s 2020 Americas Distributor of the Year Free

Montreal, Canada (pressreleasepower ) June 7, 2021 - Future Electronics, a global leading distributor of electronic components, recently won the 202...Read More


i95Dev Announces its eCommerce Growth Engine Solution, Built for Rapid eCommerce Deployment and World-class Capabilities for Microsoft and SAP ERP Free

i95Dev, a leading provider of eCommerce products and services, announced today it is launching a revolutionary eCommerce solution called the eComm...Read More


i95Dev adds Magento QuickBooks Connector to its Product Portfolio Free

i95Dev’s new Quickbooks connector is a quick and secure way to integrate Magento 2 (an Adobe product) with QuickBooks Online accounting system...Read More


i95Dev Connect for Magento and SAP Business One® is Now Available on SAP® App Center Free

i95Dev Connect is a quick and secure way to sync data between Magento e-commerce with the SAP Business One solution, enabling merchants to increa...Read More