Case Study: Modulr Finance achieves faster FCA-compliant onboarding with Contego

Modulr Finance accelerates real-time KYC and KYB checks with Contego

Modulr Finance, a fintech company providing API-based payment processing solutions, needed to ensure FCA regulatory compliance by automating complex Know Your Customer (KYC) and Know Your Business (KYB) checks. They sought a technology-led system that could integrate with their own API for the swift and secure onboarding of new clients. After evaluating several providers, they selected the risk-scoring and ID verification platform from vendor Contego.

Contego implemented its multi-source identity verification platform, which automated KYC and KYB checks via a single API interface. The solution provided real-time risk scoring, AML checks, and monitoring against global watchlists, enabling Modulr to improve its compliance processes and make faster, more reliable decisions. The partnership with Contego provided Modulr with a scalable solution that supported their immediate needs and future growth, offering both KYC and KYB capabilities at a realistic price point.

Modulr Finance