How to screen beneficiaries of outgoing transfers?
You can screen beneficiaries of outgoing transfers using the outgoing transfers feature and any screening provider of your choice. For added convenience and cost optimisation, consider leveraging our built-in ComplyAdvantage transaction screening integration.
Our technology
Outgoing transfers
Combined with (select)
Any screening provider
What you get
Technical Advantages
- Give clients the ability to send and receive money with the payment rails they know and trust
- Reduce transaction costs and settle funds faster by connecting to multiple payment networks with our Fintech infrastructure
- Easily connect to multiple payment rails such as Faster Payments, SEPA, SEPA Instant, ACH, and more through our extensive network of pre-integrated partners
- Easily plug-in any screening provider of your choice
- Gain complete control over your screening set up in line with your business needs and resources
- Highly secure, agnostic and fully redundant infrastructure platform
- Best-in-class back office portal for your finance and ops teams
- No need to build a complex business logic to manage transfers lifecycle actions such as hold, accept, reject, release and complete outbound transfers
- Access a standardised API layer to connect to any transfer schemes such as SWIFT, SEPA, Faster Payments and more
- No need to build the logic required to charge fees based on different parameters such as scheme type, transactions volume and more
- Utilise pre-built funds sweeping logic required to segregate fees from client money
- Leverage a pre-built, flexible ledger system to accurately record transfer movements and their impact on account balances
- Plug-in any screening provider to pre-built workflows such as, incoming and outgoing transfers
- No need to build a complex screening logic to identify potential screening statuses and action accordingly
- No need to build a complex screening logic to record screening statuses that are associated with specific individuals and legal entities
- Reduced total cost of ownership across direct, indirect and opportunity development costs
- Reduced risks associated with software security and regulatory compliance
- Faster time to market
- Utilise a variety of webhooks to action multiple workflows to build your Fintech product