PayServices

Bank Solutions

ABOUT


PayServices is a boutique firm providing banks and financial players alike with cutting edge secure technologies. Headquartered in the Cloud with rep offices all around the world, PayServices delivers diverse financial technology products and services to its global clientele.

Always attuned to its clients' aspirations, the firm orchestrates a wide scope of consulting, and solutions deliverables, with special attention to:

// The interests of the concerned parties
// Time to market
// Cost effective & Scalable platforms
// Agile approach with a solid foundation for growth

We work closely with global partners and solutions providers. We believe in a hands-on, panoptic approach and fully align with our clientele’s interests.

"A goal without a plan is just a wish" ~ Antoine de Saint-Exupéry

SERVICES


WHAT WE BRING TO THE TABLE


// Comprehensive experience and unbiased perspective
// Impeccable track record of delivering the right platforms and strategic partners
// Proven ability to deliver premium solutions to increase customer retention and improve user experience
// Global presence and synergetic relationships with Enterprise Resource Planning (ERP) providers and other platform providers around the world
// Capacity, on occasions, to tailor-make tools for client specific needs
 

FACT: BANKS ARE NOT GOOD WITH TECHNOLOGY


Ever wished you could rollout new platforms to your customers with as much ease as tech companies do? With our assistance this is now a reality.

Our company started as a software company developing financial systems with high availability, security, scalability and modularity in mind.

Traditional banks are not good with the technology. It is a fact. Their business model is centered around community based lending products; and this is why we bring to the table the complete suite of technologies that are available in the PayServices platform.

We do not aspire to compete with banks but to work and partner with them by allowing every lawfully licensed financial entity to connect its systems and services to the Universal Wallet platform that we developed. By doing so, we enable all players to benefit from the best technologies available in the market while keeping their focus on their core activity.

We position ourselves as a marketplace where all parties can come and conduct business in a secure and standardized (compliance wise) environment. For example: if two parties conduct business on the Commodities Exchange platform, your bank could offer a credit line directly onto the exchange. An other example: if a customer was to buy inventory merchandise, your bank could offer a financing contract directly from the merchant's inventory and/or ERP system. We help your bank reduce the customer acquisition cost and improve your compliance thanks to an integrated platform containing many data points of information.

AML / KYC COMPLIANCE PROCESS


Opening an account with our technology is simple, convenient, and fast.

Our team of compliance officers has put a lot of thinking on how to improve and master the compliance requirements to meet the highest international financial standards while making the process enjoyable for the users.

The mobile apps that we offer allow your bank to open personal and professional accounts for your clients from wherever they are and whenever they want.

Opening a personal account is done in two steps: (1) first people register an unverified account simply with the user of an email address and password. (2) second they verify the account with a government identification document.

The verification process is an improvement on traditional processes because not only it is more efficient (we collect both video image and voice), but also it is cost effective for the bank.

In a traditional scenario: a bank officer is responsible for input all the data. With our technology the time spent to input data has been shifted to the user.

By the time an account opening request reaches a compliance officer, 90% of the verification process has already been completed by the machine with intelligence and automation.

COMPLIANCE PASSPORT


Let's face the reality: at the end of the day every bank must comply with similar compliance requirements. It is a fact.

Thus why bother redoing over and over the same processes? We offer institutional partners the ability to connect to our secure platform and use the "Compliance Passport" of an existing account holder.

The compliance passport is a standardized electronic document that contains all the basic AML / KYC information of an account holder. An advanced mode is also available that provides a reputational report on the account holder because sometimes just knowing the identity of a person is not enough.

Some of our partners can assist your institution with more complex compliance requirements and analytics.

WHITE LABEL


We offer our platform to select partners under a white label. This include the mobile apps and the secure browser. We can publish them with your organization's name and logo.

Let us join forces and become part of your plan. Enable your customers to benefit from the best technologies while focusing on your core business.

Increase your customer base and deliver the best financial technologies to your account holders. Contact us for more information.

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