Fast growing international platform economy requires innovative AI approach to compliance

September 1, 2020 1 minute read

Online Payment Platform Takes Compliance to the Next Level with Sentinels

Fast growing international platform economy requires innovative AI approach to compliance

Online Payment Platform, a leading payment service provider for platforms and marketplaces, and Slimmer AI announce a partnership to meet the evolving local and international compliance regulation. In order to do so, Online Payment Platform has added Sentinels, the innovative anti-money laundering software solution of Slimmer AI to their existing compliance approach.

Online Payment Platform has always been a frontrunner in acknowledging the importance of compliance and the role technology plays in meeting regulatory requirements. In order to keep a leading position in this highly dynamic environment, adding an AI-driven approach to compliance and transaction monitoring is a logical step.

Maurice Jongmans, CEO of Online Payment Platform: “By partnering with Slimmer AI we can leverage AI and machine learning for a more proactive approach to fighting money laundering and fraud. With their Sentinels solution, we can identify suspicious transactions faster and more efficiently. Moreover, applying the insights, we get from their AI-models will even help us to prevent criminal activity in the future. This way we don’t only adhere to the regulations, but we can exceed our client’s needs by immediately identifying suspicious and criminal behavior. This will all contribute to their most important goal of creating a safe and trusted marketplace or platform."

Since the start in 2012, Online Payment Platform has had a strong focus on cutting-edge technology to create the best solutions for their industry. By doing so the specialized payment service provider for platforms and marketplaces has grown organically into one of the most significant players in their field; serving over 170 platforms across Europe. Just recently Online Payment Platform opened an office in Berlin and expects to further expand internationally in the next year.

“We are honored and excited to work with Online Payment Platform as they are a trailblazer in the platform economy. They have a clear vision on how to incorporate the latest and best technology in their offering. Moreover, both companies see the importance of compliance and share the vision that artificial intelligence will make the difference for a fast-scaling company like Online Payment Platform, adds Joost van Houten, Managing Director of Sentinels.

About Slimmer AI

Slimmer AI has a rich history in making the power of artificial intelligence and machine learning accessible in the daily work of people-driven companies. Together with their team of 30+ AI software developers, Slimmer AI’s Sentinels combines a best-in-class user-centric design with cutting-edge AI techniques to fight financial crimes. For more information.

About Online Payment Platform

Online Payment Platform is a platform-psp. The company offers specialized payment services for platforms and marketplaces. Online Payment Platform was founded in 2012 and facilitates payments for more than 170 platforms across Europe. In 2019, tens of millions of transactions originated via Online Payment Platform. Clients include ANWB, Natuurhuisje, Kamernet, PayPal, PostNL and the eBay Classifieds Group including Marktplaats. The head office in Delft has about thirty employees and Online Payment Platform has local offices in Antwerp and Berlin.

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