Travel money and compliance specialist Essiell has announced a strategic partnership with Regula, the producer of software and expert devices for document authentication.
The partnership will bring together Regula capability as a leading manufacturer of expert devices for authenticating documents, banknotes and securities with Essiell’s ground breaking compliance solutions for high volume transaction processing.
Essiell’s compliance package, Watchman 1.0, will integrate with Regula document verification technology to automatically recognise worldwide identity documents, supporting anti-money laundering and customer due diligence requirements with real-time checks as well as performing instantaneous nonstop transaction monitoring.
Commenting on the announcement, Essiell’s Chief Executive Bjorn Larsson said: “The partnership with Regula represents a powerful opportunity for Essiell to build on its unrivalled compliance offering using Regula expertise in identity document reading and authenticity verification technology”.
“I am excited about the potential this new partnership will open up for both Essiell and Regula, as we focus our energies towards providing a broader range of customers with industry-leading compliance and identity checking solutions.”
Regula Deputy Director Nikita Kolesnev also commented on the partnership: “We’re delighted to have signed this strategic agreement with Essiell. From the very start of the discussions, we understood that we have a shared commitment to security, as well as delivering the most up-to-date technology.
This agreement will give both Regula and Essiell a great opportunity to expand market presence with the incorporation of our innovative document verification solutions into Essiell’s industry-leading compliance solutions for high volume transaction processing.”
