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The Caxton Story
Caxton’s mission is to offer great value and service to private clients and companies, helping them reduce risk on payments, currency trades, and money transfers both domestically and internationally.
Caxton was increasingly dissatisfied with the speed and accuracy provided by it’s incumbent compliance data provider. It needed to improve its ability to run sanctions checks against every beneficiary payment to prevent fraudulent activity and comply with global regulatory requirements, including the Financial Services and Markets Act and E-Money Regulations.
Caxton went in search of a best-of-breed solution and found W2 by FullCircl to be the only provider capable of delivering on all their requirements, and delivering fast and accurate screening of both new and current customers on its international payment platform.
“We were instantly attracted to W2 because it has continuity built in,” explained Alison Cleggett, Head of Compliance at Caxton. “W2 also fits with the ethos of Caxton and our focus on putting clients at the heart of everything we do. From day one they were a collaborative partner, with no problem too difficult.”
W2’s eKYC, AML, and Fraud Detection tools support custom screening via market leading compliance data. Caxton can screen for global eKYC, sanctions, and PEPs through a single point of access. As a result, it has improved acceptance rates by over 5% whilst boosting due diligence and compliance processes.
“By partnering with W2 we’ve been able to satisfy the need for custom screening methods for different data sets. It’s a highly intelligent platform that supports all of our needs, and the team delivers a dedicated level of service,” concludes Alison.
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