Sentinels, Europe’s leading transaction monitoring start-up, announced today that it has partnered with YouWorld, an innovative cross-border payment solution provider, to develop its anti-money laundering (AML) and transaction monitoring platform.
Using Sentinels, YouWorld will be able to remain compliant more efficiently as their high volume of transactions keep growing.
Bo Wang, CEO of YouWorld, comments: “We've been looking for an AML and transaction monitoring partner that would not only understand our compliance obligations, but most importantly our business needs. Sentinels has both the right expertise and in-house technology that will help YouWorld support its next growth stage.”
As YouWorld adds new payment functionalities, the company is being met with increased AML compliance obligations. Using the Sentinels platform, YouWorld will be able to combine information from different data silos and make faster and better-informed decisions about suspicious transactions.
"We are very excited to support YouWorld in their rapid growth stage by providing the ability to fight financial crime on a large scale. We look forward to the partnership as we start serving our first customer for the Asia-Pacific region”, comments Joost van Houten, CEO at Sentinels.