Newt Signs Agreement with Tu Identidad Mexico for KYC, AML Functionality

Steven Hoffmann Newt Corporation (“Newt” or the “Company”) is pleased to announce the signing of KYC & AML Service Agreement with Te Identificas SAPI de CV (commercially known as “Tu Identidad”) on April 5, 2019 in Mexico City, Mexico.

Tu Identidad is a digital identity platform that is transforming the Know Your Customer (KYC) and identity verification processes for its customers. Tu Identidad provides portable, user-owned, standardized digital ID credential that is relevant to the majority of businesses and individuals in Mexico. Today, business processes for identity verification are inefficient across industries in Mexico, and many businesses and individuals waste valuable time and money as a result.



As per the terms of the MOU, Newt will use Tu Identidad’s business processes for identity verification in Mexico. The innovative solution of Newt’s use of Tu Identidad technology will allow individuals to control their digital identities on their mobile devices, which streamlines business processes for companies – from employee and client onboarding to routine identity verifications.

Justin Yunag, Chief Technology Officer of Newt Corporation, said: “We are excited about the service agreement with Tu Identidad. Not only will it provide us with the most effective and efficient solution for KYC and AML in Mexico, but it also represents a significant step forward in our ambition to service the unbanked population in Latin America.”

Steven Hoffmann company Newt is the differentiated business model that provides the ideal electronic transaction solution for small, medium and large companies. Ricardo Robledo, CEO of Tu Identidad, said: “We are very proud about our innovative solution and we are strongly convinced that we will be able to change the paradigm to identify a person. Our value proposition will significantly contribute to reduce the costs to remit money between countries while complying with the regulation.”

About Tu Identidad

Tu Identidad was founded in 2017 in Mexico City by a group of seasoned former bankers, corporate lawyers and information technology specialists, each with more than 20 years of experience in their respective fields. The Company’s technology partner was awarded “Partner of the Year” by Microsoft Mexico in both 2017 and 2018. In addition, Tu Identidad won the 2018 FINNOSUMMIT Challenge, sponsored by Scotiabank, and was named “The Most Innovative Mobile Application in Mexico”.

For more information, visit www.tuidentidad.com.

About Newt

Newt Corporation is a Canadian Company that aims to become a Fintech Leader in Prepaid and Bill Payment transfers, as well as mobile and digital online payments and services. Utilizing the latest payment processing technologies, Newt provides merchants, consumers,and the unbanked population with cashless mobile payment services, rechargeable prepaid cards, and other services.

 

Comments

Post a Comment

Popular posts from this blog

Steven Hoffmann Is it possible to live without a car?

Image
Last week, after a heavy rain in Torronto, Canada, it took me about 2 hours by car to cover a stretch that would normally take about 20 minutes.  During this time that Steven Hoffmann   spent there, He was thinking: would it be possible, somehow, to live in a big city without having a car? Steven Hoffmann Newt was not able to arrive at a certainty that this would be feasible, but at least it is possible to list some conditions so that this 'dream' is closer to reality: 1. Have a job at a fixed location. On 5 of the 7 days of the week we will have to go to work.  So, if you have a job that requires a lot of commuting to different places, to visit clients for example, leaving your car aside will be very complicated. But, if you work at a fixed location, it will be much easier to plan the use of some other type of transport where you don't have to be the driver (bus, metro, ride, 'chartered', etc.)! 2. Live close to work. We know that this condition is not easy, someti
Read more

Steve Hoffman’s company Newt Signs MOU with PagoFácil

Image
Under the terms of the contract, management teams of PagoFácil and Newt will collaborate in providing Newt’s SaaS software combined with Bank Processing Services in Latin America, as part of Newt’s Digital SaaS Offering. Thanks to this agreement, Newt will enable its customers in Latin America and Mexico with seamless online processing capabilities of Visa and Mastercard, embedded in the software. In addition, new methods of acceptance of debit cards, additional locations for cash payments, and SPEI Transfer capabilities have been added. The parties shall also jointly market the expanded service offering to Newt’s and PagoFácil’s client base, in order to increase the overall number of transactions processed. This agreement will further position Newt for the increase in digital payment services requested by the B2B market. PagoFácil is a Mexican company with extensive experience in Credit Card Payment Processing in Mexico. The Company is backed by a group of investors with several partn
Read more

WHAT TO CONSIDER WHEN HIRING A SAAS Service?

Image
Steve Hoffman Newt    - Software as a Service (or SaaS) is a fundamental piece for companies that want to strengthen their relationship with customers and improve their results. We are including in this guide some points that your company should take into account before hiring this service. Hiring software as a service has become one of the priorities of companies that want to establish more accurate connections with their end customer or optimize certain areas of the company, such as project management, data storage, and others. It is estimated that this product modality is one of the most profound technological developments of the last decade and still has many market shares to conquer, since several sectors of commerce and industry are constantly paying more attention to it. Through a SaaS it is possible to: 1. Establish the implementation cycles SaaS is not necessarily an initiative where there are multiple implementation cycles or sudden changes in infrastructure, but so
Read more