PayPugs Partners with Huntli to Enhance AML Screening and Fraud Detection

Fintech company PayPugs announced that it has partnered with fraud and transaction monitoring company Huntli to enhance PayPugs AML screening process and fraud detection system. The collaboration improves customer fund security and helps to meet regulatory requirements.

PayPugs is a popular Banking-as-a-Service platform that allows users to obtain trustworthy banking, payment, card and other solutions for their global expansion. The company's focus on personalized customer service and solutions has allowed for great relationships with clients while also delivering comprehensive and international solutions.

Huntli risk management systems is the latest development in the world of fraud prevention. Their high-tech approach has resulted in one of the most market competitive solutions. A risk management system that detects and blocks any fraudulent activity that a fraudster might attempt with the customer's online banking account or payment card. Huntli system proactively monitors accounts and enhances bank's fraud prevention and detection.

PayPugs compliance team has been working closely with Huntli to implement necessary procedures. Right now the system has been already implemented and PayPugs fraud monitoring and prevention is automated and in real time.

"In a short amount of time, we needed to set up a system for transaction monitoring and AML screening. Members of the Huntli team assisted us every step of the way,"Alexander Zelinsky, Chairman of the Supervisory Board at PayPugs, commented."At all phases of the project, all team members worked professionally, proposed new alternatives, and gave informative assistance. We also appreciated the systems and team flexibility in developing PayPugs custom processes."

Lev Bass, Co-Founder/CBDO at Huntli, added:"We are glad to be working with PayPugs and committing together towards making financial technologies more accessible, transparent and compliant with existing regulation. We hope that our fraud-prevention tools will ease their day-to-day compliance expenses and focus on what is meaningful to their end-users."