Case Study: Modulr Finance achieves streamlined continuous vendor monitoring and regulatory compliance with SecurityScorecard

Modulr Finance - Customer Case Study

Modulr Finance, the UK Payments‑as‑a‑Service API platform regulated by the FCA, needed to meet stringent payments, financial‑crime and data‑protection requirements while scaling third‑party and customer due diligence. Their legacy, questionnaire‑based, point‑in‑time reviews were slow, error‑prone, and didn’t provide real‑time assurance for senior executives or regulators. To close these gaps, Modulr Finance engaged SecurityScorecard, leveraging SecurityScorecard Ratings, Atlas, APIs and Professional Services.

SecurityScorecard implemented continuous outside‑in monitoring with easy‑to‑read Scorecards and electronic, evidence‑matched questionnaires via Atlas, consolidating vendor and customer risk data into a single source of truth. The solution cut review and analysis time from several days to under one day, lowered operational and audit costs, improved objectivity for Board‑level reporting, and enabled Modulr Finance to enforce clear A/B/C/D/F acceptance criteria for partners — supporting scalable KYC and ongoing regulatory compliance.

Modulr Finance

Kenneth Ord

Head of IT Security