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Labrish
Nyuuz
Ozow uses RelyComply AI to fix sketchy merchant onboarding
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[QUOTE="Queen, post: 85083, member: 27"] Trust issues meet AI muscle, and Ozow just picked RelyComply to make merchant onboarding less sketchy and way harder to game. What this partnership is about [LIST] [*]RelyComply teamed up with Ozow. [*]The goal is to tighten merchant onboarding without slowing businesses down. [*]Thousands of merchants get a smoother start, with fewer fraud headaches baked in. [/LIST] Why payments are getting riskier [LIST] [*]South Africa’s payment scene has gone all-in on digital. [*]Account-to-account transfers, mobile payments, and vouchers are everyday tools. [*]More digital activity also means more room for fake IDs, mule accounts, and shady business setups. [/LIST] Where fraud actually sneaks in [LIST] [*]The onboarding stage is the weakest link. [*]Bad actors slip through using false identities or bogus registrations. [*]Once inside the system, they become expensive problems. [/LIST] How the tech changes the game [LIST] [*]RelyComply’s AI-driven verification is now built straight into Ozow’s onboarding flow. [*]High-risk profiles get flagged early, before any money moves. [*]The result is a cleaner payment ecosystem for merchants, customers, and the platform itself. [/LIST] What RelyComply is saying [LIST] [*]CEO Bradley Elliott framed onboarding as the moment trust is created. [*]His take is that growth without smarter AML controls just scales risk. [*]This partnership leans into secure growth, not growth at any cost. [/LIST] Why this matters for Ozow [LIST] [*]Ozow’s whole pitch is simple, safe, and accessible payments. [*]Stronger compliance boosts confidence on both sides of a transaction. [*]Merchants get credibility, customers get peace of mind. [/LIST] Ozow’s view from the inside [LIST] [*]Interim CEO Rachel Cowan said safety and reliability stay front and center as Ozow scales. [*]The partnership is positioned as protection, not friction. [/LIST] The bigger takeaway [LIST] [*]Payments are only as trustworthy as the people allowed in. [*]AI-led onboarding shuts the door earlier on fraud. [*]Ozow and RelyComply are betting that secure systems grow faster in the long run. [/LIST] [/QUOTE]
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Labrish
Nyuuz
Ozow uses RelyComply AI to fix sketchy merchant onboarding
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