Instant Global Payments (IGP) was founded in 2017 with the goal of providing better international money transfer services than the ones that existed.
I was instrumental in the creation of the AML/CTF and KYC processes and systems, ensuring that IGP knows exactly who the customer is and the source of funds prior to sending money. One major KYC risk is “proof of identity”. I designed and implemented an online KYC verification tool to remove the major risk of current user acquisition and authentication – the uploading of an image of their passport or license. IGP no longer needs to see image of the passport or license, which greatly reduces the risk of in-company fraud, and external theft. And the solution is fully accredited by the relevant Australian Government departments.
I have also designed the roadmap for expansion into other markets and service lines when the global regulations and customer base permit.