Earthport chooses Accuity for tailored payments and compliance solution to support global client payments


Earthport, the payment provider transforming the future of cross-border payments, has chosen Accuity, the leading regtech provider of financial crime compliance, payments and know-your-customer (KYC) solutions, to power its payments platform, giving its clients a faster and more secure international payment service.

Accuity has built a tailored solution for Earthport, comprising payment support together with broader compliance solutions for screening transactions and customers. The combination of these solutions alongside Earthport’s technology means customers can make transactions instantly, with banks using their liquidity to deposit funds immediately. This represents an advancement in the industry, given that the industry standard transaction time is a minimum of two hours.

Rosie Faulkner, MLRO, Earthport commented: “One way we continue to retain our position as best in class for instant transactions is by constantly reviewing the best compliance solutions. Accuity is a natural choice for us as its technology is at the forefront when it comes to compliance and payments. It offers the peace of mind that our clients’ transactions are certain, safe and compliant. Having a solution tailored to our payments business means that no matter where in the world our clients want to make a transaction, we can facilitate it.”

Bob McKay, Managing Director, Accuity, added: “The move points to an emerging trend in working partnerships between fintech and regtech providers. Tailoring solutions to specific clients means we can work in an agile way and support any fintech or larger organisation that wants to protect its customers and reputation.”

ENDS

For more information please contact:

Heather Smith, Accuity, heather.smith@accuity.com+44 (0)7342-069-456
Matthew Austin, Earthport, press@earthport.com +44 (0)20 7220 6286
Francesca Bliss, Cognito, francesca.bliss@cognitomedia.com+44 +44 (0) 207 426 9406

Notes to editors

About Earthport

Earthport provides cross-border payment services to banks and businesses. Through a single relationship with Earthport, clients can seamlessly manage payments to almost any bank account in the world, reducing costs and complexity to meet their customers’ evolving expectations of price, speed and transparency.

Earthport offers clients access to global payment capability in 190+ countries and territories, with local ACH (Automated Clearing House) options in 60+ countries and an evolving suite of currencies and settlement options.

Earthport continues to invest in the establishment of in-country bank partnerships across the world, bringing together its deep market and regulatory expertise in order to maintain compliant and commercially competitive services.

The result – a global payments network accessed via a single relationship, delivering significant cost and operating efficiencies for banks and businesses servicing high volumes of lower value payments.

Headquartered in London with regional offices in New York, Dubai, Miami and Singapore, Earthport is a public company, traded on the London Stock Exchange (AIM: EPO.L) with an institutional investor base including World Bank IFC, Oppenheimer, Blackrock, Henderson.

Please visit www.earthport.com for more information.

About Accuity

Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimize payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organizational reputations.

Part of RELX Group, a world-leading provider of information and analytics for professional and business customers across industries, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.

About Accuity’s Fircosoft portfolio of solutions

As illegal financial activities increase around the globe, so has the danger to the reputations of payments and compliance professionals. Fircosoft’s portfolio of innovative data-enabled technology solutions, delivered through a high-touch consultative partnership, helps these professionals manage risk and avoid damage to the good names of individuals and organizations.

Fircosoft’s pioneering sanctions screening and data solutions set the standard for the industry, and our trade compliance expertise is unmatched. Fircosoft’s innovative software is so powerful, it’s deployed by nine of the world’s top ten banks— yet it can be scaled to meet the specific needs of any organization.

About Accuity’s Bankers Almanac for Payments

Process payments to and from anywhere in the world with confidence in the Bankers Almanac suite of payments solutions, powered by accurate, up-to-date financial institution data and routing information trusted throughout the industry. Bankers Almanac delivers the data-enabled tools organisations need to validate payment codes, improve the certainty of settlement, compress processing cycles, and reduce settlement risk for better rates of straight-through processing. Bankers Almanac proactively collects information directly from banks and primary sources, providing accurate and comprehensive intelligence. The data is compiled and regularly updated by a team of 140 data analysts, working in 19 languages, to provide the utmost in confidence.

Media contacts

For more information please contact:

Heather Smith, Accuity
heather.smith@accuity.com
Tel: +44 (0)7342-069-456

Matthew Austin, Earthport
press@earthport.com
Tel: +44 (0)20 7220 6286

Francesca Bliss, Cognito
francesca.bliss@cognitomedia.com
Tel: +44 +44 (0) 207 426 9406