Enabling digital payments and supports banking and compliance for B2B transactions
Financial institutions face a huge burden regulators are placing on doing business with high risk industries. As a result, banks are over worked and high-risk industries are left with minimal banking options, amplifying the risks and hurdles they face. By enabling payments through a highly compliant and auditable platform, financial institutions can create low cost frameworks to efficiently and safely serve these industries.
PointTrust helps financial institutions:
HIGH RISK BUSINESSES
Operating companies deemed high risk businesses and/or cash intensive businesses are burdened by the system; not able to get a bank account and/or required to provide exhaustive proof and detail for every transaction. By providing access to a compliant-driven payment platform, business can now transact in a B2B environment easily and cost efficiently, while having compliance reporting automated.