Emerging Group of Nontraditional Fintechs Face Regulator Scrutiny

With the spread of the platform economy, businesses are increasingly becoming prime money laundering vectors. With the capacity to send money from one individual to another under the veil of a legitimate transaction, many consumer-to-consumer based platforms are in need of transaction monitoring software to detect suspicious activity taking place on their platform.

Beam Co-Founder and CEO Ben Duranske speaks about his experience working as the Chief Compliance Officer of a non-traditional fintech before co-founding Beam and his experience supporting deployments with some of Beam’s customers.