Payments

Compliance built for
payment businesses.

Payment service providers, e-money institutions, and MSBs face the same compliance obligations as banks — with a fraction of the resource. KYC Genie gives payments businesses the identity verification, AML screening, and transaction risk scoring they need to stay regulated, fast enough to keep pace with payment flows.

PSD2 / PSR 2017 UK EMR / EMD2 FinCEN MSB Registration Wire Transfer Regulation
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Regulatory obligations

The framework your payments business operates within

Payment firms are squarely within scope of AML and identity verification obligations. Here's what your programme needs to cover.

EU / UK
PSD2 & UK PSR 2017
The EU Payment Services Directive 2 and its UK equivalent (Payment Services Regulations 2017) require authorised payment institutions and e-money issuers to implement Strong Customer Authentication (SCA) and maintain robust AML/CFT programmes. PSD2 also mandates open banking access, which creates new identity verification requirements for third-party providers.
SCA / 2FA PSP authorisation AML programme
UK / EU
EMR 2011 & EMD2
E-money institutions are regulated entities under the UK Electronic Money Regulations 2011 and the EU's Electronic Money Directive 2. As regulated firms, EMIs are subject to full AML/CTF obligations including customer due diligence, ongoing monitoring, and suspicious transaction reporting to the relevant Financial Intelligence Unit. CDD thresholds apply even to prepaid and low-transaction accounts.
CDD obligations Simplified / enhanced CDD FIU reporting
US
FinCEN MSB Registration & Wire Transfer Rule
Money Services Businesses operating in the US must register with FinCEN and implement a written AML programme covering CIP (Customer Identification Programme), transaction monitoring, SAR filing, and record retention. The Travel Rule (Wire Transfer Regulation) requires name and account information to accompany payments of $3,000 or more — extended by FATF Recommendation 16 to virtual assets.
CIP / Customer ID Travel Rule (R.16) SAR / CTR filing
How KYC Genie solves it

KYC and AML for every stage of the payments lifecycle

From account opening to individual payment screening, KYC Genie gives payment businesses the compliance infrastructure to move fast without cutting corners.

Identity Verification

Verify every account holder — automatically, at any volume

Payment businesses can't afford friction at account opening. KYC Genie verifies identities in under 60 seconds using biometric liveness detection, document scanning against 13,000+ types, and database-backed CDD checks — all triggered by API, with no manual steps for standard-risk customers.

  • Biometric liveness + face match — ISO 30107-3 compliant
  • 13,000+ document types across 220+ jurisdictions
  • Database CDD — credit bureau, electoral roll, mobile data
  • Automated CIP checks for US MSB obligations
Identity Verification product
Account Opening — CDD Check
entity_id: ENT-11042 · PSD2 compliance
Sarah Ndlovu
passport: ZA4412938 · dob: 1991-07-14
document_scan — ZA PassportPASS
biometric_livenessPASS
face_match — 97.3% confidencePASS
sanctions_screening — clearPASS
Identity Verified — Account Approved
cdd_level: standard · verified_in: 38s
Payment Screening
wire_transfer: TXN-2026-882941 · real-time
EUR → GBP — SWIFT
beneficiary: Tamar Investments Ltd · IBAN: GB29NWBK60161331926819
€ 47,500
sender — OFAC / HMT / EUCLEAR
beneficiary — 1500+ listsCLEAR
jurisdiction — not high-riskCLEAR
Payment Cleared — Released
screened_in: 0.4s · audit_ref: SCR-882941
Sanctions & Payment Screening

Screen every payment — sender, beneficiary, and jurisdiction — in milliseconds

The Wire Transfer Regulation and FATF Recommendation 16 require every payment to carry verified originator and beneficiary information — and every counterparty to be screened. KYC Genie screens both sides of every transaction against 1,500+ global lists in real time, returning a clear/flag decision without delaying payment processing.

  • Sub-second screening — no impact on payment SLAs
  • Originator + beneficiary + correspondent bank screening
  • FATF Recommendation 16 / Travel Rule compliance
  • IBAN, account, and business entity matching
AML Screening product
Transaction Risk Scoring

Risk-score every customer and transaction — route intelligently

Not every payment carries the same risk. KYC Genie scores each customer at onboarding and each transaction at the point of processing — factoring in declared income, historical behaviour, geographic exposure, and transaction characteristics — to route low-risk payments straight through and flag anomalies for review.

  • Customer risk score updated at every significant event
  • Transaction-level scoring — amount, frequency, geography
  • EDD auto-triggered on score threshold breach
  • SAR-ready evidence log for every flagged transaction
Assessment Report product
Transaction Risk Score
entity_id: ENT-11042 · S. Ndlovu
18
LOW RISK
all 4 factors normal · STP approved
transaction_vs_declared_income
jurisdiction_risk — UK/EU standard
transaction_frequency — nominal
counterparty_type — verified PSP
STP Approved — No Manual Review
risk_threshold: 40 · score: 18 · released
How it works

Compliance at every stage of the payment journey

From account opening to individual payment screening, KYC Genie runs continuous compliance checks without slowing down your product.

01
Verify Identity
Account opening triggers automated identity verification — liveness check, document scan, and database CDD — in under 60 seconds.
02
Screen Customer
Every new account holder screened against 1,500+ sanctions, PEP, and adverse media lists. Ongoing monitoring alerts on any status change.
03
Score Risk
Customer risk score assigned at onboarding — factoring jurisdiction, declared income, business type, and transaction history — updated on each event.
04
Screen Payment
Each transaction screened against watchlists in real time. Originator, beneficiary, and jurisdiction checked — clear or flag returned in milliseconds.
05
Monitor & Report
Flagged payments routed to compliance queue. SAR-ready evidence packs generated automatically. Immutable audit trail for regulators.
<0s
Identity verification at account opening
0.0s
Average payment screening response time
0+
Global watchlists screened per payment
0%
Audit trail coverage — every decision logged
Payments Compliance

Ready to build compliance into your payment product — without slowing it down?

Join payments businesses using KYC Genie to verify customers, screen payments, and run a complete AML programme. Request a walkthrough built around your platform.

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