TransferGo announces collaboration with RDC

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO and has 20 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely quoted as an expert… Read more
  • TransferGo will continue to work alongside the firm RDC to deliver on its compliance pledges
  • The move comes as TransferGo aims to build on its services in the future
  • “At RDC, we are committed to keeping criminals out of the global financial system and are excited to continue our work with the compliance team at TransferGo,” said a spokesperson for RDC

International money transfer firm TransferGo has confirmed that it will prolong its collaboration with the compliance screening firm RDC.

TransferGo said that it would extend the partnership for three years as part of its attempts to tackle financial crime.

RDC offers innovative, and high-level customer screening technology, and TransferGo plans to use it to work out screening thresholds in each of the geographic regions in which it works.

RDC’s service offers precision, and it also provides a reduction in what is known as “false positives” – all of which combines to provide a faster onboarding process for new customers opening accounts with TransferGo.

The move comes as TransferGo prepares to secure licenses with broader scope later this year.

And it also comes as TransferGo gets set to expand its service offer. At present, it primarily offers remittances – although it is expected later in the year to be able to provide other financial services too.

According to TransferGo’s CEO and co-founder Daumantas Dvilinskas, the offer from RDC is the “most comprehensive and efficient risk screening coverage” available.

“Our mission is to create financial options and access for hardworking migrant communities around the world,” he said.

“However, we understand that the threat from financial crime is constantly changing, and that by continuing to work with RDC’s industry-leading solutions we will have access to the most comprehensive and efficient risk screening coverage that scales in line with our rapid growth and expansion plans".

And for RDC, CEO Tom Walsh said that the firm he leads was “excited” about the prospect of continuing to work with TransferGo.

“At RDC, we are committed to keeping criminals out of the global financial system and are excited to continue our work with the compliance team at TransferGo,” he said.

“We’re confident that our global coverage of risk-relevant information and precise filters will continue to provide flexible, best-in-class financial crime protection as TransferGo expands to new markets and introduces new solutions,” he added.

TransferGo is increasingly becoming a big name in the cross border payments market. It was first launched back in 2012, and since then it has established a network of more than 30 bank partners across the globe.

On its website, the firm positions itself as a cost-effective option for those looking to send money.

“What you see is what you get – our delivery fees don’t change with the amount of money that you send,” it says.

It is possible to “send money from the UK in as little as 30 minutes,” it adds.

Are you interested in learning more about other crucial partnerships in the online money transfer field? If so, just head over to our magazine pages.


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