Risk & Compliance
Increase the overall trust and safety of your platform
We have risk and compliance at the core of our platform. From card data tokenization for PCI compliance to implementing stringent verification systems for KYC/KYB checks. Extensive fraud protection measurements, structured merchant onboarding, and dynamic risk posturing. We handle the heavy lifting, so you can focus on building better products.
Merchant onboarding
Automated merchant onboarding for your business
For Merchants to accept payments on your Platform and pay out their funds, we must identify and verify them. We have automated this process as much as possible to ensure smooth and fast onboarding. Merchants can be up and running, accepting payments within 24 hours.
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Fung efficiently collects and verifies banking and ID information to comply with KYC standards, supporting over 25 countries in more than 10 languages. Our system automatically updates to align with evolving local payment verification requirements, ensuring a hassle-free onboarding process. We verify that your Merchants provide accurate information, ensuring your platform is compliant and protected against risks, such as fraud and money laundering.
Branded onboarding
A frictionless onboarding flow that immediately builds trust
Leverage your brand within the onboarding experience for merchants to build trust and onboard them without friction. You can tailor the onboarding to match your brand and in the future you can embed the onboarding process within your product to reduce even more friction.
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Brand-Centric Onboarding
Elevate your brand's presence with our customizable onboarding process. Tailor every aspect of the user experience to reflect your brand's aesthetics and ethos.
Seamless User Journey
Ensure a consistent and familiar experience for your merchants, reinforcing trust and loyalty. By maintaining your brand's look and feel throughout the process, we create a seamless transition from your platform to the first live transaction.
Fraud screening
Robust fraud screening tools for all your payments
Our fraud prevention system, designed for the modern digital age, effectively distinguishes legitimate customers from fraudulent activities. This seamless, integrated solution offers fraud protection from day one, significantly reducing things like disputes and fraudulent transactions.
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Modern fraud detection tooling
Our system rapidly adapts to new fraud patterns, ensuring your platform stays one step ahead of potential threats.
Increased transaction approval rates
Our system minimizes false positives by distinguishing between legitimate customers and fraudulent attempts. This precision in fraud detection means more valid transactions are approved, enhancing the customer experience and boosting your revenue.
No additional work is required
Embed advanced fraud protection into your payment processing with no additional integration required. From the start, enjoy a secure environment intuitively designed to work harmoniously with your existing systems.
Embedded onboarding
Integrated onboarding for the ultimate customer experience
By embedding the onboarding process as a component, or multiple components, into your product, you gain more control over the user experience. The whole process from start to finish can be smooth and quick, meaning users can complete their payment setup without ever leaving your environment.
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Efficiency and User Retention
By keeping the entire process within your platform, we minimize distractions and drop-offs, leading to higher completion rates and better user retention.
Consistent and Secure
Embedded onboarding not only offers a consistent user experience but also upholds the highest security standards. Sensitive information is handled securely within the embedded framework, ensuring compliance and peace of mind for both you and your merchants.
Ongoing due diligence
Continuous compliance assurance
Our commitment to compliance extends beyond initial onboarding. We conduct ongoing due diligence to ensure continuous alignment with evolving regulatory standards and to safeguard your business against emerging risks.
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Continuous regulatory alignment
Stay consistently aligned with changing global regulatory standards. We ensure your platform meets legal and compliance requirements in all operating regions.
Proactive risk management
By conducting regular reviews and updates, we help protect your business against emerging threats and maintain a high trust level with your customers and partners.
Operational integrity
Preserve the integrity and reputation of your business. Our ongoing due diligence efforts ensure that your operations comply with current regulations and uphold the highest standards of ethical and responsible business practices.