How LUXHUB is leveraging DigitalKYC for its AML & KYC needs
In an interview with Frank Roessig (Head of Digital Trust Solutions, Telindus Luxembourg), Marco Gasparini (Chief Governance Officer) discusses the digitalization of AML-KYC processes, applied to Open Banking.
LUXHUB’s motto, “built on compliance, driven by innovation”, says it best: compliance is the very necessary cornerstone that enables Financial Institutions as well as Fintechs to develop new and innovative solutions.
Every since its creation, LUXHUB has been recognized as a compliance expert, making sure banks could comply in a rapid and efficient manner with PSD2 (2nd Payment Services Directive), and later with CEDR in Luxembourg. More recently, its announced the launch of two additional compliance services, related to CESOP and Instant Payments.
In this respect, LUXHUB, as a regulated entity, has to follow strict KYC and AML requirements: to facilitate its daily operations and smoothen its processes, the Fintech leverages Telindus’ DigitalKYC.
The focus of a business is the client, and compliance is actually the perimeter in which you have to move to do your business.
Marco Gasparini, Chief Governance Officer