Regulatory compliance: PSD2, GDPR, KYC/KYB, AML

Updated on 19 Jun 2024

GDPR compliance

Since does not store any user information or personal data, the direct application of GDPR (General Data Protection Regulation) to the platform is not possible.

As it is the customers who have control and ownership over the data (since they manage the databases where user information is stored) they are responsible for ensuring compliance with GDPR regulations. This entails establishing proper data protection protocols, implementing privacy policies, and conducting regular assessments to maintain compliance with GDPR regulations.

PSD2 compliance

PSD2 (Payment Services Directive 2) compliance refers to adhering to the regulatory requirements set forth by the European Union and primarily applied to payment service providers, banks, and other regulated entities that directly offer payment services and fall under the regulatory scope of the directive. provides the infrastructure and tools for building fintech products and is not a payment service provider or a regulated entity under PSD2. Plus, software does not handle or store user account information. This is why software itself is not directly applicable to PSD2 compliance.

So, it is the responsibility of the customer to ensure that their specific implementation and usage of the platform align with PSD2 compliance requirements. 

KYC/KYB procedures

The software onboarding process is designed to make it easy for our customers to gather all the essential end-user information needed to perform a reliable KYC check. Next, the data collected should be transferred for review to the relevant system Actor, which requires integration with a KYC/KYB provider. offers a pre-built integration with ComplyAdvantage, a KYC provider, to automate their customer identity verification process. Also, our Platform’s API-first architecture streamlines the development of custom integrations with any other third-party KYC/KYB provider if necessary. 

To empower our clients in meeting these demands seamlessly, is proud to introduce our KYC/KYB/AML/CFT documentation solutions – a comprehensive offering designed to simplify compliance processes. For more information on how can support your compliance needs, reach out to us now.

AML transaction monitoring is working on an integration with an AML provider, but it’s not yet available out of the box. 

However, we have created a common API that enables easy integration with any AML provider of your choice. This ensures seamless operations following a standard flow.
Learn more.

Countries and geographical regions supported

The software is not restricted to any specific geographical area or country, making it applicable for use in any region. 

An exemption applies to the countries,  business corporations and companies, representatives, shareholders, or beneficiaries of which are subject to any sanctions including, but not limited to those imposed by entities such as the United Nations, the European Union, or the OSCE + FATF.