YouWorld selects Sentinels to take AML transaction monitoring to the next level
Amsterdam, 5 October 2021 - Sentinels, Europe’s leading transaction monitoring start-up, announced today that it has partnered with YouWorld, an innovative cross-border payment solution provider, to develop its anti-money laundering (AML) and transaction monitoring platform. Using Sentinels, YouWorld will be able to remain compliant more efficiently as their high volume of transactions keep growing.
Bo Wang, CEO of YouWorld, comments: “We've been looking for an AML and transaction monitoring partner that would not only understand our compliance obligations, but most importantly our business needs. Sentinels has both the right expertise and in-house technology that will help YouWorld support its next growth stage.”
As YouWorld adds new payment functionalities, the company is being met with increased AML compliance obligations. Using the Sentinels platform, YouWorld will be able to combine information from different data silos and make faster and better-informed decisions about suspicious transactions.
“We are very excited to support YouWorld in their rapid growth stage by providing the ability to fight financial crime on a large scale. We look forward to the partnership as we start serving our first customer for the Asia-Pacific region,” comments Joost van Houten, CEO at Sentinels.
YouWorld is a FinTech company that aims to provide a cross-border digital banking experience at your fingertips. YouWorld allows individuals from developing countries to shop easily in card-linked countries (US, Canada, and European Countries) by simply using their existing wallet loaded with local currency (Alipay, WechatPay, etc). The solution doesn’t require any merchants to upgrade their payment system nor change their payment flow.
For more information, please visit: https://you.world
Sentinels is an intelligent transaction monitoring solution dedicated to data-driven compliance for the financial industry. With a strong core engineering team having over a decade of experience developing innovative products, Sentinels’ pragmatic-AI approach has a proven track record in improving compliance outcomes. Its secure cloud-based offering ensures a high level of customer trust and meets dynamic regulatory requirements. For more information visit: https://www.sentinels.ai
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