Regulatory compliance software platform W2 is teaming up with payments behemoth Visa to offer “enhanced compliance solutions and tools for U.K. Platinum and Infinite business cardholders,” according to a joint press release Thursday (April 28).
The new product means businesses operating in regulated sectors — including payments, FinTechs and professional service providers — who hold Visa Platinum and Infinite business cards can access W2’s customer onboarding and monitoring compliance solutions at a heavily discounted rate as part of a loyalty reward.
Visa Platinum and Infinite business card users can streamline management of compliance matters through a single access point.
“We are absolutely delighted to be able to offer W2’s services to Visa Infinite and Platinum cardholders in the U.K.,” said Warren Russell, CEO and founder at W2, in the company press release. “We have certainly seen a shift in the past few years from businesses carrying out manual compliance, to having the requirement to automate onboarding and ongoing monitoring of customers.
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