Cross-border transactions are happening at a quantum pace. Nearly half of cross-border payments arrive in under 30 minutes, as innovation and collaboration across financial institutions continue to drive progress.

Dealing with growing regulatory restrictions, the financial-services community has to navigate a thicket of complexities and the operational complications that come with it. As payments move faster, compliance must avoid transactions with sanctioned individuals and entities as well as other criminals. Speed and safety must evolve in parallel to maintain the integrity and security of the payments system.

More than ever before, compliance teams need to make difficult decisions within a shorter timeframe, and it is important to remove as much human error from the equation as possible.

KYC continues to be one of the biggest challenges in the compliance space, both for financial institutions and corporates. Our solutions allow organizations to automate and standardize their compliance processes. For clients, Mateo plays a vital role in identifying and evaluating the viability, practicality and potential of emerging technologies to deliver value. We invest in pilots, working with players from across the ecosystem—fintechs (financial-technology firms), corporates, and established financial institutions to explore how to block payments from designated or suspicious actors.

Our platform provides a set of common transaction-processing services, such as pre-validation of essential data, fraud detection, data analytics, transaction tracking and exception-case management. Through improved data quality, along with advanced analytics and insights, we pave the way for clients to comply with KYC, CFT and AML requirements while maintaining a favorable end-customer experience.