visa And discoverera company that provides business onboarding solutions, has expanded its cooperation to include the United States and Canada.
the partnership The company aims to provide companies in these countries with a “fast, efficient and smart” onboarding process, the companies said in a press release on Monday (February 19). The process balances speed and risk.
The CEO has been revealed Liam Chennells He said in the statement that ensuring compliance in the movement of funds is a challenge and efficiently validating business credentials is important. Detected's Onboarding Intelligence technology identifies registered companies around the world using “minimal data entry.”
Visa's expanded collaboration with Detected will provide Visa's small business customers with access to a secure and compliant ecosystem, Sarah SteeleVisa's senior director of small business products, said in the statement.
“With Detected’s unique intelligence engine and continuous monitoring capabilities, Visa customers can benefit from an easy-to-use interface,” Steele said.
Detected aims to reshape the traditional approach to business onboarding by reducing costs, improving compliance and mitigating regulatory risks for its clients, according to the release. Its no-code, customizable modules allow customers to design the perfect business onboarding sequence, while connecting to Detected's ecosystem of risk, fraud and compliance tools for comprehensive checks.
The announcement comes a month after Detected secured €2.2 million (about $2.4 million) in funding to further develop its business intelligence offering and execute on its growth strategy.
“This investment round underscores our continued progress and positions us for the next phase of our growth as we deepen relationships with enterprise clients and rapidly increase the size of the payments companies we work with,” Chennells said when announcing the latest round in January. 15 press release.
In January 2023, Thomson Reuters projects And Love projects Detected has invested £2.5 million (about US$3.2 million) to help Detected grow its offering in the US, where it has opened a subsidiary. New office.
For all of PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
