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Modulr taps Alloy for compliance hub as it expands

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Modulr has selected Alloy as a component of its Risk & Compliance Hub. The agreement covers onboarding and compliance checks across Modulr’s international customer base.

The UK fintech will use Alloy to run Know Your Customer and Know Your Business checks through a single decisioning layer as it expands into new markets. The setup is intended to simplify onboarding while strengthening controls around risk, compliance and financial crime.

Risk hub

Modulr’s Risk & Compliance Hub brings together tools and infrastructure used across the customer lifecycle. It is designed to support customer protection, onboarding and fraud prevention as the business grows internationally.

Under the partnership, Alloy will consolidate data from verification and intelligence providers into a single workflow. This will allow Modulr to assess customer and business risk, move lower-risk applications through the process more quickly and refer higher-risk cases for deeper human review.

The deal reflects pressure on fintechs and payments groups to balance faster customer onboarding with stricter compliance demands. Companies expanding across borders often face different regulatory requirements and must tailor their checks by market without adding too much operational complexity.

Compliance push

The technology will allow Modulr to adapt policies by jurisdiction and add new data sources as needed. It also includes unified case management and an audit trail for compliance oversight.

Founded as a payments automation provider, Modulr handles money movement for payroll, supplier payments, lending and travel. It says it processes more than 200 million transactions and more than GBP £180 billion in annualised payment value, serving more than 6,000 businesses.

The partnership also extends Alloy’s reach in the UK and European fintech market, where demand for automated identity verification and fraud controls has grown as firms seek to reduce manual checks. Alloy says more than 800 financial organisations use its platform globally.

Ben Taylor, Chief Operating Officer, Modulr, outlined the company’s rationale for the move.

“At Modulr, we’re building a Risk & Compliance Hub that can stand up to the pace of change in financial crime and regulation, whilst also allowing us to give an improved onboarding experience to our scaling customers,” said Ben Taylor, Chief Operating Officer, Modulr. “Alloy helps us remove unnecessary friction from onboarding while keeping our teams firmly in control of the decisions that matter. That combination of speed, safety and control is critical for us to keep pace with this fast-evolving threat environment as we continue to grow.”

Market expansion

For Alloy, the agreement adds a client expanding across several markets and seeking to standardise customer due diligence. Modulr will use its no-code risk assessment tools, software development kit and partner network as part of that process.

Parilee Wang, Chief Operating Officer and Chief Product Officer, Alloy, said the two groups shared a focus on balancing onboarding with compliance.

“Alloy and Modulr are focused on delivering a streamlined, low-friction onboarding experience without compromising on compliance rigour,” said Parilee Wang, Chief Operating Officer and Chief Product Officer, Alloy. “Modulr will leverage Alloy’s no-code risk assessment capabilities, SDK and network of partners to deliver positive customer experiences and ultimately growth across the business’ different markets.”



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Business & Technology

Oxford startup secures Innovate UK Women in Innovation Award

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Oxford-based Peripear has secured an Innovate UK Women in Innovation Award and a £74,974 grant for its development of a wearable device designed to prevent perineal trauma during labour.

The funding will support continued product development ahead of the company’s planned first-in-human study.

Nina van Schaick, co-founder and COO of Peripear as well as a midwife who trained at Oxford Brookes, said: “I’m sure I wasn’t the only one to see this gap.

“I was incredibly lucky to meet my co-founder, Eviatar Natan, right as my frustration about the lack of translation of evidence into practice had peaked.

“There was a proven mechanism that could reduce injuries occurring in up to 90 per cent of vaginal births, and it was being left out of clinical pathways simply because no standardised tool existed to deliver it.”

Peripear is developing what it describes as the world’s first automated perineal thermotherapy wearable, designed to prevent perineal trauma during childbirth.

A perineal thermotherapy wearable is an emerging medical device.

It is a hands‑free warm compress device used on the perineum during the second stage of labour to reduce severe tearing and episiotomies while improving maternal comfort.

Ms van Schaick added: “I’m a farmer’s granddaughter, and when I started practising over 14 years ago, I asked: where is the tool I need to implement this evidence? I looked around and realised we were still asking clinicians to improvise.

“Peripear is what happens when the person who has lived the problem, both personally and professionally, meets the person who can help her build the solution.”





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UK bike manufacturer on brink of £30m collapse after 139 years

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The company behind bikemaker Raleigh, which was founded 139 years ago and has supplied bikes to the UK’s cycling city of Oxford over the years, has filed to appoint administrators.

Accell UK and Ireland, part of Netherlands-based Accell Group, filed a notice of intention to appoint administrators as the wider group kickstarted insolvency proceedings.

This follows a difficult spell for Nottinghamshire-based Raleigh, which confirmed job cuts in 2024 before reporting a £30m loss in financial accounts published the following year.

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The boss of Accell said it was a “deeply sad and frustrating situation” and that it had “tirelessly explored” every option for the future of the cycling business.

The company bought Raleigh in 2012 for around 100 million US dollars (£74 million), adding to its roster of bike brands throughout Europe including Haibike, Winora and Ghost.

Raleigh was founded in Nottingham in 1887 and was well-known for its Chopper model, which featured extended handlebars and is now part of its “retro” range.

It no longer manufactures bikes from Nottingham, and its head office has moved to Eastwood, Nottinghamshire, while the company has shifted to selling electric bikes under Accell’s ownership.

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Accell went through a restructuring in February, securing additional funding from shareholders and lenders and reducing debts.

The group said it had since “explored every possible avenue” for its future, including discussions with potential buyers, but that it had not been possible to find a solution which means the business can continue operating.

It has therefore initiated insolvency proceedings in the Netherlands.

Accell’s chief executive Jonas Nilsson said: “This is a deeply sad and frustrating situation given all the hard work and everything we have achieved, with the support of shareholders and lenders, to restructure Accell’s operations and finances.

“It is an especially difficult moment for our employees, creditors, customers, suppliers, and partners.

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“Every realistic option for the future of the business has been tirelessly explored, and none have resulted in a solution to continue the Group in its current form.

“Our immediate focus is to support an orderly process, provide clarity wherever possible, and work with the relevant court-appointed administrators to preserve viable activities and employment where circumstances allow.”

At its 1970s height, Raleigh employed more than 13,000 people across the UK, with around 8,000 working at its various Triumph Road sites in Nottingham.

The former factory land later became the University of Nottingham’s Jubilee Campus.

Raleigh subsequently moved its headquarters to Church Street in Eastwood, before leaving that site and relocating to Durban House in 2024.





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Rosa’s Thai is giving away 4000 free Pad Thais to students

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Celebrating both GCSE and A-Level Results Days, the chain will offer the popular dish to students who buy one of its bubble teas.

The free offer is available at all 42 Rosa’s Thai restaurants across England and Wales.

To avail of the free noodles, students need to register on Rosa’s Thai website for a unique code, which they should present at the restaurant together with a copy of their results.

Rosa’s Thai has a new range of bubble tea flavours, including Ube-Taro, Matcha-Coconut, Mango Sticky Rice, and Milo Chocolate Milk, as well as favourites like Home-brewed Thai Tea with Tapioca, and Lychee Mango with mango boba.

Students can sign up for their free Pad Thai at rosasthai.com/result-day-free-pad-thai and find their nearest restaurant at rosasthai.com/locations.





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