Times, when cash payments were the only way to conduct money transactions, have long gone. Now people and businesses use other options, such as online banking with SEPA or SWIFT transactions, payment or credit cards as well as instant payments. It is safe to say that the new methods are overtaking the traditional ones by …
Physical cards vs virtual cards: which one to choose Read More »
Anti-money laundering (AML) refers to the net of regulations, and procedures aimed at discovering efforts to hide criminal funds as legitimate income. AML regulations require financial institutions to develop sophisticated customer due diligence plans to assess money laundering risks and detect suspicious transactions. What do AML specialists do? The AML division guarantees that clients’ and …
One of our primary goals is to provide convenient services and products to make your business management more efficient. Mistertango is already offering virtual payment cards to our business clients. Now we are happy to announce that, for your convenience, we can offer several cards for each business account. This way, companies can issue different …
Multiple business payment cards are now available at Mistertango Read More »
You may have heard of SEPA and probably have used it, but what does this term mean, and how does it work? SEPA stands for Single Euro Payments Area. It’s a collaborative process between European economic area countries. At the moment, this region consists of 36 European countries, including several countries which are not part …
Customer verification is an integral part of any business providing financial services to its clients. From the business side of things its benefits are quite clear. It is instrumental for compliance with legal requirements and regulations as well as reducing risks of fraud and costs incurred from the provision of incorrect or false information. As …
Financial technology has dramatically impacted the nature of business. It has highly increased customer engagement, constructed new payment options, assisted in new product creation, etc. By using technology as a solution and tool, many companies have increased their efficiency and customer experience. Besides all the benefits fintech offers to traditional businesses, it also gives a …
The number of entrepreneurs and digital businesses is growing faster than ever, however, this sector is still being underserved. A large amount of digital business is misunderstood by conservative financial institutions, mostly due to its novelty. We aim to address this supply gap and allow participation in the financial market for every business. Mistertango includes …
Electronic money institutions (EMIs) have become a force to be reckoned with in the world of digital finance, where they are competing with digital banks, traditional banks and other forms of financial service providers. So why is EMI a better choice? Account opening process There‘s no need to take a trip to the bank, wait …
Customer Due Diligence (CDD) is a crucial part of a financial institution. It’s a process to collect and evaluate relevant information about a client and its business. In this blog, we will dive into what CDD is, why it is important to the client, and the basic steps to it. By accepting new accounts, financial …
