FOMO Pay, a Singapore-based digital payment and digital banking solutions provider, has on Tuesday announced its strategic partnership with Notabene.
The implementation of Notabene’s end-to-end solution for global travel rule compliance enables FOMO Pay to further enhance its know-your-transaction (KYT) capabilities and highlights FOMO Pay’s commitment to compliance and customer security, FOMO Pay said in a statement.
In addition, through comprehensive licensing and adherence to regulatory requirements, FOMO Pay has obtained “Super VASP” status in Notabene’s virtual asset service providers (VASP) network.
Founded in 2015, FOMO Pay is a payment institution licensed by the Monetary Authority of Singapore (MAS) to conduct cross-border money transfer services, domestic money transfer services, digital payment token services and merchant acquisition services.
The firm has become a one-stop digital payment and digital banking solution provider, and is currently building Asia’s first licensed gateway helping institutions and businesses to connect between fiat and digital currency.
Notabene is a firm developed the crypto industry’s only pre-transaction decision-making platform, enabling customers to identify and stop high-risk activity before it occurs.
With a focus on security, privacy, and user experience, Notabene’s multi-source data and software enables real-time decision-making, counterparty sanctions screening, self-hosted wallet identification, and more.