Vitesse is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuance of e-money and is registered as a Money Transmitter with HMRC. Vitesse PSP provides cross-border payment services to banks and businesses via a globally distributed settlement network. Through a single integration, merchants gain access to domestic routing, leveraging lower payment costs to deliver payments seamlessly.
The Pain Points:
‘Previously our experience was with a supplier that was not reactive to our needs as a client. When they did, response times were slow and often failed to address our needs. As a result, our Sanction and PEP screening was cumbersome and required us to use ancillary suppliers to “complete the job”. We would receive a simple “Pass/Fail” message with no evidence of what match targets there were.’
‘W2 provide an end to end service, screening transaction and client data. It completes the screening process, delivers the results and supports effective remediation and a clear audit trail of decisions undertaken. This supports the business where our previous supplier was unable to.’
‘Our screening is now operating well, with a marked improvement on false positive rates. We have found a reduced resource demand has positively impacted on the business more widely and allowed us to focus on other key areas.’