Essiell integrates Regula document verification tech into compliance package

Travel money specialists Essiell has formed a strategic partnership with Regula that will see Essiell’s Watchman 1.0 compliance package integrated with Regula document verification technology to automatically recognize worldwide identity documents, support anti-money laundering and customer due diligence requirements and perform instantaneous nonstop transaction monitoring.

Regula is a leading manufacturer of expert devices for authenticating documents, banknotes and securities.

“The partnership with Regula represents a powerful opportunity for Essiell to build on its unrivalled compliance offering using Regula expertise in identity document reading and authenticity verification technology,” says Essiell CEO Bjorn Larsson. “I am excited about the potential this new partnership will open up for both Essiell and Regula, as we focus our energies towards providing a broader range of customers with industry-leading compliance and identity checking solutions.”

“We’re delighted to have signed this strategic agreement with Essiell,” adds Regula Deputy Director Nikita Kolesnev. “This agreement will give both Regula and Essiell a great opportunity to expand market presence with the incorporation of our innovative document verification solutions into Essiell’s industry-leading compliance solutions for high volume transaction processing.”

Regula recently released an updated version of its Document Reader SDK for mobile iOS and Android platforms.

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