TransferGo Extends Partnership With RDC to Help Combat Financial Crime Ahead of EMI Licence Activation

LONDON, May 4, 2020 – TransferGo, one of the world’s fastest growing money transfer companies, today announced it is extending its partnership with RDC, the global leader in compliance screening. The three-year extension will see TransferGo utilise RDC’s next-generation customer screening technology to help combat financial crime ahead of their electronic money institution (EMI) licence activation this summer.

The partnership will enable TransferGo to continue to configure screening thresholds according to their regional requirements with the use of RDC’s precise risk filtering technology, making it easy to focus results based on the type and level of risk.

RDC’s real-time screening capabilities and false positive reduction will be a critical factor as TransferGo’s rapid expansion to 57 markets increases the need to onboard new customers quickly and seamlessly.

The upcoming EMI licence activation will enable TransferGo to provide a wide range of financial services in addition to its current remittance platform. As an EMI, TransferGo will be able to offer customers payment cards, e-wallets and other payment instruments requiring storage of the client funds – all enabled by RDC’s next-generation screening capabilities.

The partnership with RDC follows the recent strengthening of TransferGo’s Counter-Terrorism Financing prevention processes through the appointment of Francesco Fulcoli as its new Chief Compliance Officer.

Commenting on the partnership with RDC, TransferGo CEO and co-founder Daumantas Dvilinskas said, “Our mission is to create financial options and access for hardworking migrant communities around the world. However, we understand that the threat from financial crime is constantly changing, and that by continuing to work with RDC’s industry leading solutions we will have access to the most comprehensive and efficient risk screening coverage that scales in line with our rapid growth and expansion plans.“

“At RDC, we are committed to keeping criminals out of the global financial system and are excited to continue our work with the compliance team at TransferGo,” said Tom Walsh, RDC CEO. “We’re confident that our global coverage of risk-relevant information and precise filters will continue to provide flexible, best-in-class financial crime protection as TransferGo expands to new markets and introduces new solutions.”

About TransferGo

Founded in 2012, TransferGo is the fastest, most reliable, remittance company in Europe and is the only Pan-European money transfer company that can guarantee your money will reach its destination in 30 minutes. We put the customer first and deliver transparency, and by prioritising customer experience, we’ve built a brand that thousands of clients trust and a product they love. Our vision is to make international financial services pain-free and without artificial borders.

Founder and CEO Daumantas Dvilinskas was included in the 2017 Forbes 30 under 30. The company was nominated for “Fastest Rising Startup of the Year” at the TechCrunch Europa Awards 2018 and listed as one of 2019’s five hottest UK start-ups by TNW.

About RDC

RDC, the Smarter ScreeningTM company, prevents criminal infiltration of the world’s financial systems by delivering intelligent, automated customer screening and decision-ready intelligence. RDC serves more than 1,000 global banks and financial institutions and 35,000 compliance professionals across more than 100 countries in strengthening their KYC/AML, fraud and politically exposed persons (PEPs) protection, ensuring sanctions and watchlist compliance, protecting their brand and reputation and managing supply chain and vendor risks. Founded by 20 of the world’s leading financial institutions in 2002, today RDC is a Moody’s Analytics company. For more information email info@rdc.dom or visit www.rdc.com.