Case Study: Modulr Finance achieves real-time KYC/KYB compliance and faster onboarding with Contego

Helping Modulr Ensure Legal Compliance and Support Growth

Modulr is a B2B fintech that provides API-driven payment and reconciliation services and, as an Authorised Electronic Money Institution, needed a technology-led way to meet FCA KYC/KYB requirements while supporting rapid client onboarding and growth. After market evaluations it selected Contego because it was the only provider offering both KYC and KYB at a suitable price and with a partnering approach.

Contego delivered a multi-source identity verification and risk-scoring platform accessible via a single API, automating real-time KYC/KYB, AML, PEP/sanctions and ownership checks with full audit trails and Pass/Fail/Refer outputs. The result was faster, more accurate onboarding and ongoing monitoring, improved compliance processes and operational efficiency that scales with Modulr’s API-driven business.

Modulr Finance

Martin Threakall

COO