State of Financial Crime 2023 Report
Volopa is a London-based fintech company authorized by the Financial Conduct Authority (FCA) to carry out payment services and issue cards across the European Economic Area (EEA). Volopa operates multi-currency prepaid card programs and foreign exchange money transfer and remittance services for consumer and corporate clients.
Product: AML Screening and Monitoring
The reduction in manual intervention of compliance staff when onboarding new clients allows Volopa to provide a seamless customer experience. Volopa can now onboard a large number of customers in seconds, compared to a previous average of 1½ to 2 hours per customer. Finally, adverse media checks allow Volopa to dive deep into their customers’ risk profiles to ensure high-risk entities are identified.
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