FinClusive Becomes First Compliance Platform to Earn SAFETY Act Designation from U.S. Department of Homeland Security

This historic designation affirms the U.S. government’s confidence in FinClusive’s technology to mitigate terrorism-related risks, marking a first for the sector.

Washington, D.C. — July 23, 2025 — FinClusive, a global provider of comprehensive financial crimes compliance (FCC) and digital identity tools, announced today that the U.S. Department of Homeland Security (DHS) has officially awarded the company “Designated” status under the SAFETY Act (Support Anti-terrorism by Fostering Effective Technologies Act of 2002).

FinClusive is now the first and only provider of Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) compliance services to receive this designation from DHS. The SAFETY Act designation underscores FinClusive’s role in protecting the integrity of financial systems and demonstrates the federal government’s confidence in the platform’s capacity to mitigate terrorism-related risks.

This designation was granted following a rigorous, multi-year independent assessment led by the U.S. federal government — specifically by DHS, the agency responsible for detecting and stopping terrorism threats against the homeland. FinClusive’s SAFETY Act designation applies to its full compliance-as-a-service platform — including customer onboarding and due diligence (KYC/KYB), enhanced due diligence, transaction monitoring, and payment gateway integrations — with protections backdated to 2023 and valid through 2031.

Notably, FinClusive’s customers also benefit from flow-down liability protections as a result of this designation, further extending the value and assurance the platform provides to its partners and users. Designed to serve the full spectrum of financial services — from traditional banks and nonbank institutions to emerging fintechs, digital asset platforms, and the embedded finance models increasingly adopted by corporations — FinClusive ensures these benefits reach a diverse range of organizations. For more information on SAFETY Act protections, click here.

See FinClusive’s listing on DHS’s SAFETY Act-approved technologies webpage here.

“This award is a major validation of FinClusive’s long-standing commitment to building secure, compliant, and inclusive financial infrastructure,” said Eric Gary, Co-Founder and CEO of FinClusive. “Our platform has been built from the ground up to meet the highest standards of integrity and trust. Being recognized by DHS not only affirms our approach, but also provides our customers with unprecedented legal protections.”

The SAFETY Act application and review process was led by Amit Sharma, FinClusive’s Co-Founder, in collaboration with Aluma, a national security and risk advisory firm led by Akmal Ali, J.D., former Deputy Director of the DHS SAFETY Act Office.

“This is a historic and well-deserved recognition,” said Ali. “This first-of-its-kind SAFETY Act designation for an entity providing vetting services in the financial sector demonstrates the government’s confidence in the platform’s ability to reduce terrorism-related risks and enhance systemic resilience across financial networks.”

FinClusive now joins a distinguished group of SAFETY Act-recognized technologies on the DHS registry, alongside organizations such as Boeing, Lockheed Martin, Johnson Controls, UPS, and the National Football League.

For an overview of this designation and its benefits, view our one-pager here.

About FinClusive

FinClusive is a global provider of modernized compliance solutions. FinClusive’s comprehensive Compliance-as-a-Service platform centralizes and automates complex compliance tasks, including Know Your Customer/Know Your Business, ongoing monitoring, anti-money laundering and fraud management, enhanced due diligence, and digital ID issuance and validation. Developed by former regulators, FinClusive’s platform integrates hundreds of data sources, best-in-class technology providers, and advanced analytics tools, offering a risk-based compliance solution with global reach across 170+ jurisdictions. By helping customers meet global regulatory standards, FinClusive promotes financial inclusion worldwide. For more information, please visit https://www.finclusive.com and follow us on Twitter @FinClusiveCap and on LinkedIn.

FinClusive Media Contact
Camila Reimpell
Director of Strategic Communications
camila.reimpell@finclusive.com

FinClusive and EMTECH Partner to Enable Compliance-First Innovation in Central Bank and Financial Services Infrastructure

New York, NY, July 16 — FinClusive Capital, Inc. (FinClusive) — a global provider of comprehensive financial crimes compliance (FCC) and digital identity tools — and EMTECH — a global financial technology company that provides software-as-a-service platforms to help central banks, regulators, and Financial Services Providers (FSPs) streamline, connect, and modernize their processes and operations — today announced a new partnership. Through this partnership, FinClusive joins EMTECH’s Marketplace as a KYC Compliance vendor, equipping their global clients with cutting-edge compliance and risk management tools to seamlessly meet evolving regulatory requirements.

Through this strategic partnership, EMTECH’s Beyond Compliance software integrates with FinClusive’s Compliance-as-a-Service (CaaS) platform. The complementary technologies will provide customers with seamless access to essential FCC tools, including secure client onboarding and monitoring, KYC/KYB, compliance-backed verifiable credentials (CVCs), transaction monitoring, and easy collaboration with users within their ecosystem.

By connecting its clients to FinClusive, EMTECH creates a shared ecosystem for seamless onboarding and instant CVC verification, improving efficiency in technology and risk management while embedding essential FCC controls into their services. This ensures a trusted, transparent compliance process for EMTECH’s growing network of banks, nonbanks, fintechs, and decentralized financial services.

“As financial services evolve, embedding compliance in digital transformation is essential,” said Eric Gary, CEO of FinClusive. “We’re excited to partner with EMTECH, aligning our modernized compliance solutions with their innovative approach to central banking and financial services infrastructure. Together, we help institutions navigate complex regulations, drive financial inclusion, and innovate across Web2 and Web3 — enhancing security, modernizing services, and protecting financial system integrity.”

“At EMTECH, we believe that modernizing financial infrastructure requires organizations to build a culture of compliance,” said Carmelle Cadet, CEO and Founder of EMTECH. “Our partnership with FinClusive enables us to provide a seamless and secure regulatory framework for our clients, helping them confidently scale operations while ensuring compliance with international standards.”

About FinClusive

FinClusive is a global provider of modernized compliance solutions. FinClusive’s comprehensive Compliance-as-a-Service platform centralizes and automates complex compliance tasks, including Know Your Customer/Know Your Business, ongoing monitoring, anti-money laundering and fraud management, enhanced due diligence, and digital ID issuance and validation. Developed by former regulators, FinClusive’s platform integrates hundreds of data sources, best-in-class technology providers, and advanced analytics tools, offering a risk-based compliance solution with global reach across 170+ jurisdictions. By helping customers meet global regulatory standards, FinClusive promotes financial inclusion worldwide. For more information, please visit https://www.finclusive.com and follow us on LinkedIn.

About EMTECH

EMTECH provides software, data and services that connect central banks to other regulators and financial services providers. EMTECH’s platforms power regulatory data exchange, compliance, supervision, currency issuance and currency movement in financial markets. The company is founded and led by a former IBM Blockchain Executive, Carmelle Cadet. For more information visit the EMTECH website.

FinClusive Media Contact
Camila Reimpell
Director of Strategic Communications
camila.reimpell@finclusive.com

EMTECH Media Contact
Mary Hall
Chief Marketing Officer
mary@emtech.com

June 26, 2025 — FinClusive, a global provider of comprehensive financial crimes compliance (FCC) and digital identity tools, today announced a leadership transition.

Co-Founder and CEO Amit Sharma steps into a new role as Strategic Advisor to the company. Eric Gary, FinClusive’s Co-Founder and formerly Chief Financial Officer (CFO), has been appointed Chief Executive Officer (CEO), and Christopher Ostrowski, previously SVP, Head of Product and Operations, will serve as Chief Operating Officer (COO).

This transition reflects FinClusive’s continued commitment to expanding financial inclusion through secure, compliance-centered financial infrastructure, while advancing its presence in the digital identity market. Under Amit Sharma’s leadership, FinClusive pioneered an innovative compliance as a service (CaaS) platform that integrates global Know Your Customer (KYC), Know Your Business (KYB), Anti-Money Laundering (AML), and identity verification capabilities — empowering financial institutions and fintechs to serve clients in regulated and underserved markets.

“It has been a tremendous honor to lead FinClusive since its inception,” said Sharma. “As we scale to meet increasing global demand, this leadership transition reflects both the maturity of our platform and the strength of our team. Eric and Chris bring deep operational and regulatory expertise, visionary thinking, and a steadfast commitment to our mission. I look forward to supporting them and the company in an advisory capacity.”

Eric Gary brings nearly four decades of experience in finance, operations, and strategy. As CEO, Gary will lead FinClusive’s strategic direction and growth, with a focus on scaling partnerships, expanding access to compliance infrastructure, and increasing adoption of FinClusive’s innovative verifiable identity credential.

“Amit’s vision and leadership have positioned FinClusive as a transformative force in the financial compliance space,” said Gary. “I’m excited to build on that foundation and continue advancing our work to make secure, inclusive financial systems a global standard.”

Christopher Ostrowski, who has led product innovation at FinClusive since 2022, will serve as COO, driving operational excellence and product execution across the company’s expanding suite of services.

The leadership changes are effective immediately.

About FinClusive

FinClusive is a global provider of modernized compliance solutions. FinClusive’s comprehensive Compliance-as-a-Service platform centralizes and automates complex compliance tasks, including Know Your Customer/Know Your Business, ongoing monitoring, anti-money laundering and fraud management, enhanced due diligence, and digital ID issuance and validation. Developed by former regulators, FinClusive’s platform integrates hundreds of data sources, best-in-class technology providers, and advanced analytics tools, offering a risk-based compliance solution with global reach across 170+ jurisdictions. By helping customers meet global regulatory standards, FinClusive promotes financial inclusion worldwide. For more information, please visit https://www.finclusive.com and follow us on Twitter @FinClusiveCap and on LinkedIn.

At FinClusive, we are proud to have contributed to this effort, particularly in financial crimes compliance (FCC) and modernized integrity tools like digital identity — key to ensuring CBDCs, stablecoins, and tokenized deposits are trusted, transparent, and fit for real-world use. Embedding modernized compliance tools enhances financial market infrastructure, strengthens U.S. dollar and capital market competitiveness, and reinforces financial integrity to support economic security in a more interconnected, inclusive global economy. Our CEO’s role on the DDP Advisory Board underscores our commitment to compliance-driven innovation in digital assets.

This paper reflects DDP’s five years of research, examining three key questions:
🔹 How do we future-proof the U.S. dollar in a world of competing digital networks of value?
🔹 How do we maintain its status as the world’s reserve currency?
🔹 How do we preserve the core democratic values historically tied to the U.S. dollar — free trade, economic freedom, and protection against undue surveillance or censorship?

The paper takes a holistic view of the “Digital Dollar,” recognizing that modernization extends beyond CBDCs to include payment stablecoins and tokenized deposits. It highlights critical considerations such as:
🔹 Interoperability and infrastructure standards
🔹 Regulatory clarity and risk management
🔹 Privacy, cybersecurity, and financial crime compliance

Cognizant of the January 2025 Executive Order restricting U.S. agencies from promoting CBDCs, the paper does not advocate for any single instrument but rather evaluates the range of possibilities for enhancing the U.S. dollar’s digital future.

Dollar modernization is essential — not only for maintaining U.S. economic leadership but also for ensuring that digital financial systems are secure, inclusive, and built with compliance at their core. This is a call for collaboration and innovation, bringing together policymakers, industry leaders, and financial institutions to develop responsible solutions that truly modernize market infrastructure, reduce risk, and harness the U.S. dollar’s strength in the digital domain.

Read the full report here: https://www.businesswire.com/news/home/20250319971685/en/The-Digital-Dollar-Project-Publishes-Comprehensive-Review-of-Digital-Modernization-of-U.S.-Dollar

By prioritizing innovation, regulatory clarity, American competitiveness, and the sovereignty of the U.S. dollar, this order sends a strong signal of support for the sector.

While these are welcome developments from a proactive administration, two key concerns must be addressed to ensure a comprehensive and effective approach:

1. CBDC Ban: The outright ban on central bank digital currencies (CBDCs) — including their study or development — risks U.S. competitiveness. With 130+ countries studying or deploying CBDCs, the U.S. must engage in this dialogue. Exploring diverse forms of digital dollars — such as stablecoins for payments, tokenized deposits for efficient intrabank operations, or wholesale CBDCs for reserve digitization — can unlock significant opportunities across various use cases while safeguarding privacy.
2. Regulatory Gaps: The creation of a Presidential Working Group on Digital Asset Markets within the National Economic Council is a positive step toward fostering a cohesive federal framework and addressing challenges like the derisking of digital asset services. However, the inclusion of the SEC and CFTC as members, while excluding federal banking agencies, is concerning. Too often, digital assets are assessed solely through the SEC and CFTC lens, which lack jurisdiction over payments. Including banking and payment regulators, such as those under the FFIEC, would ensure that regulatory guidance aligns with the diverse use cases of digital assets, from payments to tokenization.

While the revocation of prior federal executive orders and regulatory guidance may disrupt continuity, this new order offers an opportunity for the U.S. to lead in digital finance with a forward-looking and balanced approach.

At FinClusive, we remain committed to advancing practical use cases and collaborating with the government and industry to drive innovation while safeguarding consumer protections and financial system stability. We are eager to see the practical steps for implementing this new order and offer the administration — and the new Congress — our continued support.

FinClusive and Switch Reward Card Announce Strategic Partnership to Streamline Compliance Processes Across Switch’s Network

Sandy, UTAH, January 16, 2025 - FinClusive Capital, Inc. (FinClusive), a global provider of comprehensive financial crimes compliance (FCC) and digital identity tools, and Switch Reward Card, a blockchain-based financial services ecosystem that offers debit payment solutions for both traditional fiat-based payments and cryptocurrencies, today announced a new partnership. Leveraging FinClusive’s FinCID—a unique, compliance-backed identity credential—the partnership will accelerate and reduce the costs associated with onboarding and ongoing monitoring, establishing a seamless, secure, and unified compliance framework for the entire network.

Through the FinCID, Switch Reward Card's clients and partners gain access to privacy-protected, reusable KYC/KYB assurances in the form of embedded decentralized identifiers (DID) and compliance-backed verifiable credentials (CVCs). The FinCID links all subject-related data securely, enabling Switch Reward Card to reduce duplicate compliance checks and accelerate onboarding across its ecosystem, thereby improving efficiency and customer experience, while embedding the essential client monitoring controls.

“Our collaboration with Switch Reward Card demonstrates the value that a comprehensive platform, with identity credentialing at its core, plays in supporting businesses with interconnected compliance needs,” said Amit Sharma, CEO of FinClusive. “By deploying FinClusive’s Compliance-as-a-Service (CaaS) platform and FinCID across their network, Switch Reward Card is establishing a unified set of compliance processes, enabling them to lower costs while enhancing onboarding efficiency across all affiliated entities.”

Bradley Willden, President at Switch Reward Card commented, "Integrating FinCID across our companies has provided an unprecedented level of operational efficiency. We’re achieving both cost savings and faster onboarding times, which reinforces our commitment to a secure, streamlined customer experience."

This partnership represents a strategic alignment of FinClusive and Switch Reward Card’s shared vision for secure, efficient, and scalable compliance solutions. Together, the companies are setting a new standard for streamlined compliance in closed ecosystems, paving the way for growth across financial and fintech industries.

About FinClusive

FinClusive is a global provider of modernized compliance solutions. FinClusive's comprehensive Compliance-as-a-Service platform centralizes and automates complex compliance tasks, including Know Your Customer/Know Your Business, ongoing monitoring, anti-money laundering and fraud management, enhanced due diligence, and digital ID issuance and validation. Developed by former regulators, FinClusive's platform integrates hundreds of data sources, best-in-class technology providers, and advanced analytics tools, offering a risk-based compliance solution with global reach across 170+ jurisdictions. By helping customers meet global regulatory standards, FinClusive promotes financial inclusion worldwide. For more information, please visit https://www.finclusive.com and follow us on Twitter @FinClusiveCap and on LinkedIn.

About Switch Reward Card
Switch Reward Card is a trailblazer in the blockchain-driven financial ecosystem acting as a bridge between conventional finance and DeFi for both individual and business customers. Learn how Switch is helping drive mainstream crypto adoption at www.SwitchRewardCard.com.

FinClusive Media Contact
Camila Reimpell
Director of Strategic Communications
camila.reimpell@finclusive.com

Switch Reward Card Media Contact
Kristen Jolley
Director of Operations
info@switchrewardcard.com

FinClusive and Fintiv Partner to Integrate Compliance and Digital Payment Solutions, Empowering Secure, Global Financial Transactions

Austin, TX, December 10, 2024 — FinClusive Capital, Inc. (FinClusive) — a global provider of comprehensive financial crimes compliance (FCC) and digital identity tools — and Fintiv — the leading digital commerce solution provider with a patented software platform that powers digital wallets, Peer-to-Peer (P2P) payment solutions, cross-border remittances, and value ledgering capabilities — today announced a new partnership. Through this collaboration, both companies will leverage their respective strengths to deliver a secure, embedded-compliance digital finance ecosystem, empowering businesses with seamless onboarding, robust identity verification, and innovative payment solutions that meet the demands of today’s global financial landscape.

Through this strategic partnership, Fintiv’s customers can gain seamless access to FinClusive’s Compliance-as-a-Service (CaaS) platform, providing them with essential FCC tools, including secure client onboarding and monitoring, KYC/KYB, compliance-backed verifiable credentials (CVCs), and transaction monitoring. In turn, FinClusive customers can leverage Fintiv’s fintech infrastructure, unlocking a suite of digital payment capabilities such as digital wallets, P2P transactions, payment processing, cross-border remittances, and value ledgering. Fintiv integrates directly with FinClusive’s CaaS, enabling instant verification of FinClusive’s CVCs for every individual or company processed through the system. This ensures a trusted and transparent compliance process while introducing new efficiencies for Fintiv’s growing network of partners across banks, nonbanks, fintechs, and decentralized financial services.

“We are proud to welcome Fintiv as a trusted partner, advancing FinClusive’s mission to drive financial inclusion by combining our globally recognized compliance solution with the capabilities of a global payment provider,” said Amit Sharma, CEO of FinClusive. “By integrating FinClusive’s comprehensive, risk-based compliance platform with Fintiv’s robust infrastructure, we empower fintechs and digital payment innovators to engage confidently in global financial activities, ensuring essential financial system integrity and consumer protection controls.”

Leon Duffy of Fintiv’s USA Division added, “this partnership with FinClusive reinforces our commitment to delivering secure, compliant digital financial solutions that meet the diverse needs of businesses worldwide. Together, we are making strides toward a more inclusive and safe financial landscape.”

About FinClusive

FinClusive is a global provider of modernized compliance solutions. FinClusive’s comprehensive Compliance-as-a-Service platform centralizes and automates complex compliance tasks, including Know Your Customer/Know Your Business, ongoing monitoring, anti-money laundering and fraud management, enhanced due diligence, and digital ID issuance and validation. Developed by former regulators, FinClusive’s platform integrates hundreds of data sources, best-in-class technology providers, and advanced analytics tools, offering a risk-based compliance solution with global reach across 170+ jurisdictions. By helping customers meet global regulatory standards, FinClusive promotes financial inclusion worldwide. For more information, please visit https://www.finclusive.com and follow us on Twitter @FinClusiveCap and on LinkedIn.

About Fintiv

Fintiv is the owner of a unique portfolio of intellectual property and advanced fintech infrastructure software. Fintiv is the leading digital commerce solution provider with a patented software platform that powers digital wallets, Peer-to-Peer (P2P), payment solutions, cross-border remittances, and value ledgering capabilities. https://fintiv.global/.

FinClusive Media Contact
Camila Reimpell
Director of Strategic Communications
camila.reimpell@finclusive.com

Fintiv Media Contact
David Gibson
Media Relations
David.Gibson@fintiv.global

It’s a landmark week for Financial Inclusion!

This week, the U.S. Treasury Department released its first-ever National Strategy for Financial Inclusion, aiming to expand access to safe, affordable financial products and services for all Americans — particularly the most vulnerable. This strategy promotes a system that reduces disparities rather than compounds them, while embracing innovative technologies and practices that protect consumers from illegal or predatory practices.

Since FinClusive’s founding, advancing financial inclusion has been our core mission. We have committed to this mission by delivering comprehensive risk and compliance infrastructure tools to enable equitable and compliant access for those underserved or excluded by the financial system. By doing so, we strengthen financial system integrity across traditional and alternative financial services.

With an estimated 3.5 billion people and millions of organizations underserved or fully excluded from the global financial system, FinClusive is bridging this gap with a modernized, globally integrated risk-based compliance platform. Our platform embeds essential controls for service providers and enables the use of compliance-backed verifiable credentials (CVCs) to better protect consumers. This allows our clients to meet global regulatory standards while advancing inclusion worldwide.

This National Strategy recognizes innovations in financial services and the growing reach of alternative, fintech, and web-native services connecting people, businesses, and communities globally. Financial inclusion is not only a vital societal goal but essential to national and economic security.

Empowering more Americans with essential financial services to build wealth, withstand economic shocks, and develop responsible financial habits benefits our overall economy. Financial inclusion is essential for resilience, national security, and community success, and our commitment to it does not compromise consumer protections and security.

FinClusive is honored to have worked with practitioners in the development of this strategy and to support it through our regulatory, policy, and industry engagements. We are also proud to have collaborated with The Aspen Institute Financial Security Program to advocate for this mission and help bring the National Strategy for Financial Inclusion to life.

Our journey toward an inclusive financial system doesn’t end here — this is a renewed call to action. Let’s integrate these priorities and build a more equitable financial landscape together!

Read the full report here.

CHICAGO, October 2, 2024 — FinClusive Capital, Inc. (FinClusive), a global provider of comprehensive financial crimes compliance (FCC) and digital identity tools, and KYC2020, a leading provider of global Sanctions, Regulatory, Criminal, Politically Exposed Persons (PEPs), and negative news data and screening solutions for Anti-money Laundering & Counter-terrorism Financing (AML/CTF) compliance, today announced a new partnership. This collaboration integrates KYC2020’s next generation decisioning, screening and monitoring capabilities into FinClusive’s comprehensive compliance platform, significantly enhancing FinClusive’s sanctions screening, adverse media, and ongoing monitoring functions.

The partnership leverages the strengths of both companies. KYC2020’s AI-powered advanced decisioning tools are renowned for their effectiveness in reducing false positives, a critical factor for organizations seeking to optimize their compliance operations. By integrating these tools into FinClusive’s comprehensive compliance platform, customers will benefit from increased accuracy and efficiency in their FCC processes.

“We are excited to partner with KYC2020, a company that shares our commitment to innovation and excellence in compliance solutions,” said Amit Sharma, CEO of FinClusive. “Their cutting-edge technology perfectly complements our broad and powerful platform, enhancing our ability to deliver robust Know-Your-Customer (KYC) and Know-Your Business (KYB) solutions to our clients. The addition of KYC2020’s capabilities will help our customers manage risk more effectively by reducing false positives and improving overall compliance efficiency.”

The collaboration focuses on three key pillars: Sanctions & PEP screening and decisioning, adverse media monitoring, and ongoing client monitoring. These enhancements will provide FinClusive’s clients with a more sophisticated, integrated compliance solution that meets the demands of an increasingly complex regulatory landscape.

“FinClusive has proven their ability to deliver cost-effective, high-performance tools for efficient customer onboarding,” added Rajeev Bahri, CEO of KYC2020. “This collaboration enables us to extend our offerings to a broader audience, while also helping both companies enhance the value we provide to our customers.”

KYC2020’s solutions are designed to meet the needs of businesses across a range of industries, providing a comprehensive approach to AML/CFT compliance that addresses both current and emerging regulatory requirements.

About FinClusive

FinClusive is a global provider of modernized compliance solutions. FinClusive’s comprehensive Compliance-as-a-Service platform centralizes and automates complex compliance tasks, including Know Your Customer/Know Your Business, ongoing monitoring, anti-money laundering and fraud management, enhanced due diligence, and digital ID issuance and validation. Developed by former regulators, FinClusive’s platform integrates hundreds of data sources, best-in-class technology providers, and advanced analytics tools, offering a risk-based compliance solution with global reach across 170+ jurisdictions. By helping customers meet global regulatory standards, FinClusive promotes financial inclusion worldwide. For more information, please visit https://www.FinClusive.com and follow us on Twitter @FinClusiveCap and on LinkedIn.

About KYC2020

KYC2020 is an industry leader in AML compliance technology. The company’s mission is to make AML compliance easy, effective, and affordable for enterprises of all sizes. KYC2020 provides global watchlist data and AI-powered decisioning solutions for global Sanctions, PEP, Adverse Media, KYB screening, and Ongoing Monitoring. KYC2020 helps its customers speed up onboarding and stay compliant while delivering a significant reduction in manual workloads and overall cost of AML compliance. For more information, visit kyc2020.com and follow us on LinkedIn.

FinClusive Media Contact
Camila Reimpell
Director of Strategic Communications
camila.reimpell@finclusive.com

KYC2020 Media Contact

Ishaan Soni
Sales & Support Team
ishaan@kyc2020.io

The strategic partnership enhances compliance capabilities with FinClusive’s full suite of services, positioning MetCap as a forward-leaning leader in compliant banking services in the financial sector

CHICAGO, September 26, 2024 — FinClusive Capital, Inc. (FinClusive), a global provider of comprehensive financial crimes compliance (FCC) and digital identity tools, and Metropolitan Capital Bank & Trust (MetCap), a universal bank offering fully integrated financial consulting and services for small to medium-sized businesses and their stakeholders, today announced a new partnership. This collaboration marks a significant milestone as MetCap has adopted FinClusive’s Compliance-as-a-Service (CaaS) and digital identity solution, enabling the bank’s and FinClusive’s customers to access essential banking and payments services. The partnership will leverage FinClusive’s advanced tools to enhance MetCap’s Know Your Customer (KYC) and Bank Secrecy Act (BSA) Anti-Money Laundering (AML) risk management programs, ensuring a superior client experience and comprehensive regulatory compliance.

The partnership will initially focus on integrating FinClusive’s KYC, AML, and digital identity solutions into MetCap’s operations. This collaboration will also extend FinClusive’s offerings to MetCap’s banking partners and customers, creating a comprehensive compliance solution that complements its wide range of financial services. Future plans include exploring additional functionalities, such as transaction monitoring, to further enhance MetCap’s compliance capabilities.

“This partnership with Metropolitan Capital is a testament to their forward-leaning approach in financial services. By integrating FinClusive’s CaaS platform, MetCap is not only enhancing its own compliance capabilities but also offering innovative banking services to small and medium-sized businesses, alternative financial services, fintech, and other nonbank financial services companies. This move is pivotal in expanding financial inclusion to those businesses that have struggled to access essential financial services because they may be misperceived as a higher compliance risk,” said Amit Sharma, CEO of FinClusive. “Simultaneously, we are excited about the opportunity to grow and expand our consortium of banks and nonbanks. Our comprehensive global compliance platform, along with our marketplace of federated compliance and identity services, stands ready to support a diverse ecosystem, driving innovation and efficiency in a rapidly evolving financial services landscape.”

“We are thrilled to partner with FinClusive to address one of the most fundamental requisites in banking: instilling trust,” said Rita Carroll, Chief Operating Officer at Metropolitan Capital. “By utilizing FinClusive’s Compliance-as-a-Service (CaaS) platform, we are implementing a robust KYC and BSA AML risk management program, complemented by a superior client experience and outcomes. We look forward to continued collaboration with FinClusive, as we work together as innovative and thoughtful disrupters in the regulatory technology space.”

About FinClusive

FinClusive is a global provider of modernized compliance solutions. FinClusive’s comprehensive Compliance-as-a-Service platform centralizes and automates complex compliance tasks, including Know Your Customer/Know Your Business, ongoing monitoring, anti-money laundering and fraud management, enhanced due diligence, and digital ID issuance and validation. Developed by former regulators, FinClusive’s platform integrates hundreds of data sources, best-in-class technology providers, and advanced analytics tools, offering a risk-based compliance solution with global reach across 170+ jurisdictions. By helping customers meet global regulatory standards, FinClusive promotes financial inclusion worldwide. For more information, please visit https://www.FinClusive.com and follow us on Twitter @FinClusiveCap and on LinkedIn.

About Metropolitan Capital

Metropolitan Capital is a Universal Bank providing fully integrated financial consulting and services focused on small to medium-sized businesses and their stakeholders. MetCap’s comprehensive suite of Commercial Banking, Private Banking, Investment Banking, and Wealth Consulting and Trust Services are delivered through a single, coordinated platform. The breadth of service offerings and ability to create innovative, thoughtful, and highly customized solutions enable clients to grow their organizations and achieve their long-term financial goals. For more information about Metropolitan Capital, please visit www.metcapbank.com.

FinClusive Media Contact
Camila Reimpell
Director of Strategic Communications
camila.reimpell@finclusive.com

Metropolitan Capital Media Contact
Kelcy Arnould
Marketing Manager
karnould@metcapbank.com