Compliance

Payment Rails Partners With ComplyAdvantage For AI-Driven AML Screening

Payment Rails, the API-first payouts platform for businesses that enables companies to send fast and low-cost payouts to on-demand workers, suppliers, and employees globally, today announced a partnership with AI-driven RegTech, ComplyAdvantage. The partnership will allow Payment Rails to facilitate real-time Anti-Money Laundering (AML) and Counter-Terror Finance (CTF) compliance checks to ensure faster payments for their global client base. This follows the news last month that ex-President of PayPal, Scott Thompson, joined the Canadian FinTech as investor and board advisor.