London, 03 August – W2, leading provider of regulatory compliance technology has today announced they are intensifying their partnership with global Fraud Prevention experts Cybertonica, dramatically improving both businesses’ offerings to a large portfolio of clients requiring a hub for all fraud, risk and compliance checks.
Partners since 2017, both businesses look to use the power of collaboration in the regtech industry and beyond. The partners intend to collaborate on combined products where W2 and Cybertonica can merge their expertise to improve the strength of their range of services in an online retail and fintech marketplace reeling from 25% rise in digital fraud since 2020 and in which regulatory and compliance are impacting business success and consumer security ever more directly.
Warren Russell, CEO & Founder at W2 commented “We have been working with Cybertonica for a number of years now and have seen them grow exponentially alongside W2. Building on this foundation through a renewed agreement is a really positive step forward for both companies as we can utilise the power of both Cybertonica and W2’s technology to give our customers an even better experience.”
As regulatory pressure continues to rise and with the customer onboarding journey at the forefront of customer needs, both companies have developed their offerings to not only ensure clients are confident they are meeting their compliance requirements, but that the customer journey is optimised to meet the standards clients expect.
Joshua Bower-Saul, CEO & Co-Founder of Cybertonica added “We have a great story together with W2 and share the commitment with Warren and his excellent team to bringing the best technologies to a dynamic market. Our aim is to stem the tide of fraud and risk and put automation and automated rules intelligence from Cybertonica alongside W2’s expertise in compliance, directly multiplying the value and benefits to all our shared and new customers and prospects from this point forward.”
ENDS.
About Cybertonica
Cybertonica is an international award-winning platform for the management of automated risk, AML, compliance and fraud detection. Through continuous authentication, data science and ML, friction is eliminated for legitimate users and payment agents while automation delivers huge efficiencies in managing fraud and risk. Cybertonica works as a SaaS, hybrid or on-premise cloud solution and can be integrated into existing payment, financial and banking services by modules or as a platform with orchestrated risk, cyberthreat and fraud services.
Media Contact:
Rasa Striukaite
Digital Marketing Manager
About W2
W2 have 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 Know Your Customer (KYC), anti-money laundering (AML), Know Your Business (KYB) and ID Verification (IDV). W2 can provide the right solution on a domestic and international scale, for both point of acceptance and ongoing monitoring. W2 offer the most customer focused compliance solution available, allowing active management of risk.
Media Contact:
James Roberts
Marketing Executive
Email: [email protected]
