Client

Fipto

From Paris to Peru: How Fipto onboards business customers everywhere

Aymeric Boëlle
5 min read
IN THIS ARTICLE

Life before Ondorse

How Fipto uses Ondorse

Results with Ondorse

CLIENT

ABOUT

Fipto is a global B2B payments platform that enables businesses to send and receive fiat and digital currencies instantly around the world through blockchain rails. Fipto is a registered Digital Asset Service Provider (DASP) by the French Financial Markets Authority (AMF) and is therefore subject to AML/CFT obligations.

INDUSTRY

Crypto

WEBSITE

Fipto

Number of compliance experts:

3

Library of scans and remediation used by Fipto

ID document expiry

Credit scoring

Company out of business

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Life before Ondorse

  • Before Ondorse, Fipto was onboarding, reviewing, and approving customers manually.
  • Early on, Fipto knew that they would not devote tech resources to building internal compliance software because compliance is not part of their core product – rather, they would depend on the software and expertise of a provider.
  • As compliance operations took off, Fipto transferred those operations to Ondorse.
Fipto cross border payments

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How Fipto uses Ondorse

  • Fipto used Ondorse to implement step by step sophisticated compliance rules matching their KYC policy one for one.
  • Fipto built country-specific workflows and automated event notifications on customer files to take appropriate remediation measures, such as automatic document requests according to the risk level and country.
  • Fipto uses Ondorse’s aging report to get an overview of KYB files approaching expiration dates.
"Ondorse is the ideal partner to get compliant, avoid all risks and seamlessly integrates with our stacks. "

Bertrand Godin

Co-founder & COO @ Fipto

Library of scans and remediation used by Fipto

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Credit Scoring

Company out of business

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TAKEAWAYS

Results with Ondorse

  • 1 single source of truth
    Centralizing all compliance customer information in a single platform eases Fipto’s day-to-day work while speeding up audits.
  • 3x productivity gains
    Compared to using spreadsheets, Fipto dramatically increased productivity using Ondorse’s case management and automated workflows.
  • 10+ customer data points monitored daily
    Monitored events include: expiry of IDs, expiry of KYC/B files, sanctions, PEP and adverse media lists, country risk, and more.
"For me Ondorse means agility, expertise and simplicity."

Bertrand Godin

Co-founder & COO @ Fipto

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