G2 Risk Solutions (G2RS), a provider of risk and compliance business intelligence, has launched an API version of its flagship product, aiming to streamline and enhance merchant risk management for acquiring banks and payment facilitators.
The new solution, Global Onboarding, offers a unified, AI-powered platform for the efficient and accurate onboarding of new merchants. This solution integrates predictive risk assessments to ensure secure and swift merchant onboarding.
Global Onboarding represents the final component in a complete suite of solutions offered by G2RS, which includes Persistent Merchant Monitoring and Transaction Laundering Detection. This integrated platform allows risk managers to underwrite and approve merchants within a single system, while continuously monitoring for various types of illegal and non-compliant behaviour.
G2RS CEO Brian Longe said: “We’re thrilled to be the first to deliver an integrated solution based on our Merchant Map and enhanced AI. Our customers need to operate quickly and accurately to capture new merchant opportunities while also minimising merchant portfolio risk. Speed is money, and our solution finally lets them scale up in a safe, smart way.”
As the e-commerce sector continues to grow with an influx of new online merchants and digital payment options, companies face increasing competition, complex regulations, and sophisticated fraudulent activities. The need for innovative and agile solutions to manage these challenges is critical.
Effective merchant onboarding is essential for setting up merchant clients for secure digital payment acceptance, while mitigating exposure to fraud, compliance breaches, and regulatory penalties.
G2RS merchant risk solutions president Rochelle Blease said: “The expanding e-commerce landscape presents exciting opportunities and significant challenges for the payments industry. Global Onboarding empowers financial institutions and other payments providers to navigate this dynamic environment confidently, acting swiftly on new business opportunities while minimising exposure to illegal activity and non-compliance.”
Global Onboarding leverages advanced proprietary technology for rapid and reliable merchant onboarding. The solution features unique risk mitigation and business enablement tools, including Merchant Map, a proprietary database of merchant behaviour, developed over 20 years with billions of data points, validated by G2RS analysts.
It also includes Compass Score, an AI-driven score predicting the risk of problematic merchant activity over the next 12 months, integrating data from Merchant Map, watchlists, sanctions registries, consumer ratings, adverse media, and risk-based insights.
Additionally, Merchant Lifecycle Risk Management provides a comprehensive approach to managing risk from underwriting and onboarding to continuous monitoring and transaction laundering detection, including re-underwriting for audits or investigations.
