Sopra Banking Software (SBS) has announced a strategic partnership with Finom, a prominent financial services provider focused on serving SMEs and entrepreneurs. This partnership is designed to ensure the highest regulatory compliance and security standards in the French fintech market by offering comprehensive compliance and user verification services. Under this partnership, Finom will receive assistance from SBS in their regulatory reporting to French authorities, including Anti-Money Laundering and Counter-Terrorism Financing and Bank Account File reporting services. Additionally, SBS will offer support to Finom Payments B.V, a subsidiary of the Finom group, in meeting the regulatory requirements of the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
SBS's services include the processing and analysis of data related to banking and financial activities to produce regulatory reports for submission to the ACPR. Through this strategic alliance, Finom's users are guaranteed stringent compliance and enhanced security. This partnership underscores Finom's commitment to delivering secure, high-quality services by leveraging SBS's expertise in banking and compliance solutions. Finom aims to fortify its regulatory compliance framework and improve the security and trust of its services for its user base through its partnership with SBS.
