Security and compliance: Fundamentals of integrated payment
The payment of the integrated service, also known as Baas (banking as a service) is an essential solution to allow French platforms (Fintechs, electronic merchants, markets, etc.) enriching their offer of financial services. Given the digitalization of the financial flows that exposes companies to increase the risks of fraud and cyber attacks, the Xpollens platform imposes safety and compliance in the heart of their activity:
Xpollens today offers a range of solutions ranging from opening to payment accounts administration, including the issue of physical or virtual payment cards. From the reflection to the design of services, Xpollens adopts a logic of “Design compliance“, Which incorporates regulatory requirements to protect its partners and its users. Xpollens uses a powerful fraud detection, incorporating algorithms driven with artificial intelligence, capable of identifying anomalies in real time. With the reinforced API, the modular architecture and a combination of advanced technologies, Xpollens all the UX needs of its customers, customize the courses according to the security site.
Two integration models to meet market requirements
Currently, two regulatory integration models coexist in the integrated payment market. The first, known as “Agent”, offers partners, for most Fintech or Technological Companies, a total delegation of financial operations with their clients. In this configuration, it depends on them to establish strict verification processes and meet strong requirements in the fight against fraud, terrorism financing or even money laundering:
The second model, under the acronym IOBSP for intermediaries in banking and payment services, allows Xpollens to maintain control over critical steps, such as theincorporation customers and paying validation. This model reduces the space for maneuvering partners, but provides a reinforced safety and compliance level at each stage. In all situations, the platform can trust the group experience:
Not to mention the conscientious work done with the partners to establish a culture of surveillance. A balance between the simplification of the client experience and the rigor of the necessary controls for the proper functioning of the processes must be maintained.
XPOLLENS: A collaborative and sustainable vision
To guarantee a promising future for integrated payment, Xpollens must combine greater security, optimal customer experience and innovation. These pillars are decisive to produce modular and scalable solutions, capable of satisfying the multiple needs of companies. For this, it is essential to bet on a collaborative approach sharing responsibilities with its partners and regulators. Thanks to the Alliance of Technological Innovation, Operational Excellence and Regulatory Control, Xpollens stands out as the essential partner of companies that wish to integrate reliable, safe and conforming payment solutions.
API*: An API (application programming interface or “application programming interface”) is a software interface that allows you to “connect” software or service to another software or service to exchange data and features.
BFMTV publishing staff did not participate in the realization of this content in association with Xpollens.
Source: BFM TV
