Orbital Partners with Know Your Customer for Compliance Enhancement
Orbital, a leading global platform focused on stablecoin and traditional payments, is thrilled to announce its strategic partnership with Know Your Customer. This collaboration aims to fortify Orbital's compliance framework in an increasingly stringent regulatory landscape. By enhancing the client onboarding process, this partnership significantly boosts security, transparency, and efficiency in cross-border transactions.
Meeting the Demands of a Changing Financial Landscape
As stablecoins continue to gain traction in the financial world, regulatory scrutiny has ramped up, making compliant onboarding essential for businesses operating within the realms of stablecoin and traditional payments. With deep expertise in real-time business verification and streamlined compliance processes, Know Your Customer has emerged as a trusted partner for Orbital. Their unrivaled access to registries across numerous countries played a pivotal role in forming this partnership.
Innovative Compliance Solutions Tailored for the Future
Claus Christensen, CEO and Co-Founder of Know Your Customer, expressed enthusiasm about this collaboration, noting, "Orbital's innovative approach aligns perfectly with our mission. By integrating our top-tier KYC/AML compliance technologies, we aim to establish a new standard for secure and efficient global payments that satisfy regulatory demands worldwide." This forward-thinking synergy promises to reshape customer experiences while emphasizing security and compliance in every transaction.
Reducing Onboarding Time and Enhancing Integrity
Orbital's commitment to excellence is evident in its efforts to streamline onboarding processes through state-of-the-art compliance technology. Gary Mushrow, Head of Compliance Product at Orbital, highlighted this approach by stating, "Compliance is not just about meeting requirements; it’s about ensuring our business partners are legitimate and trustworthy." With Know Your Customer as an integral component of their compliance infrastructure, Orbital is poised to redefine standards for secure and smooth cross-border transactions.
A Glimpse into Orbital's Global Operations
Founded in 2017, Orbital has grown from its London headquarters into a significant player in the global payments sphere, employing over 120 professionals. The platform processed an impressive volume of over $5.6 billion in cross-border payments during 2024, catering to businesses from various sectors. As an FCA-authorized payment institution in the UK, alongside licenses in Gibraltar and Estonia, Orbital remains committed to maintaining compliance with international standards.
About Orbital
Orbital specializes in orchestrating secure and seamless payments, whether through traditional systems or utilizing stablecoin solutions. Their platform enables businesses of all sizes to manage their transactions effortlessly across multiple currencies. By facilitating named vIBANs and providing stablecoin wallets, Orbital stands at the forefront of global financial innovation.
About Know Your Customer
Know Your Customer is recognized for its state-of-the-art business verification solutions, catering to the needs of financial institutions on a global scale. Founded in 2015, the company has established a significant presence in multiple geographies, facilitating efficient client due diligence and compliance processes through an intuitive digital workspace. In addition to providing real-time registry access, the platform offers customizable compliance solutions powered by AI.
Frequently Asked Questions
What is the purpose of the partnership between Orbital and Know Your Customer?
The partnership aims to strengthen compliance in cross-border payments and enhance the client onboarding process while maintaining high standards of security.
How does this collaboration impact businesses using Orbital's services?
Businesses will benefit from a more streamlined onboarding experience that meets regulatory requirements, allowing for quicker and safer transactions globally.
When was Orbital founded?
Orbital was founded in 2017 and has since expanded its operations internationally.
What types of payments does Orbital handle?
Orbital manages both stablecoin and traditional currency payments, providing an all-in-one platform for processing diverse transactions.
What is Know Your Customer’s expertise?
Know Your Customer specializes in digital onboarding and regulatory compliance solutions, focusing on enhancing the verification processes for financial institutions worldwide.
