We’re excited to welcome Payset as the latest Electronic Money Institution using Dotfile for automating KYB and account opening decisions! London-based Payset sought to invest in a next-generation compliance platform to streamline customer verification. The solution was found in a strategic partnership with Dotfile, that was just announced today.
Payset, is a leading online payment platform based in London that provides a suite of financial services for businesses and individuals, including multi-currency accounts and virtual IBANs. Founded in 2018, the company has since grown rapidly, which supported the decision to invest in a next-generation Business Decisioning Platform like Dotfile. Payset will use Dotfile to further improve user experience during onboarding, while continuing to meet the highest compliance standards.
Payset's rapid growth and the increasing need for robust compliance measures required a scalable, efficient solution. The company's objectives were clear: automate KYB/KYC process, enhance compliance, and maintain a smooth onboarding experience.
Dotfile's next-generation Business Decisioning Platform became the chosen solution, and here's why:
Through intelligent integration of Dotfile’s next-generation Business Decisioning Platform, Payset achieved tangible improvements in compliance, efficiency, and customer satisfaction. Leveraging global data access, AI-driven KYB orchestration, and flexible risk management tools, Payset successfully transformed its KYB/KYC processes. This collaboration allowed for a rapid deployment that maintained business continuity, reduced operational costs, and ensured alignment with the highest Anti-Money Laundering standards. Moreover, the streamlined onboarding process contributed positively to customer retention and satisfaction. Book a demo to learn how we can help you streamline account opening.