CurrencyFair places its trust in AiPrise for onboarding and fraud controls

CurrencyFair is a long standing provider of international money transfers. As the business has grown into many markets, so has the complexity of its compliance and fraud work.

Behind the scenes, that growth came with a familiar problem. Each new country and product meant new KYC and KYB vendors, new portals, and new workflows. Over time, onboarding turned into a patchwork of tools that was hard to scale and even harder to keep consistent.

CurrencyFair chose to move that work onto AiPrise.

Today, AiPrise is the single platform CurrencyFair uses to manage onboarding and fraud controls across more than 100 countries and over 200 registries and data sources, all through one integration and one case view.

This is what changed.

What is changing with AiPrise

CurrencyFair and AiPrise are working together on four main areas.

From multiple vendors to one platform

Before AiPrise, CurrencyFair relied on several different partners and internal tools to run checks in each market. That created real bottlenecks:

• Vendor sprawl across regions with separate contracts, SLAs, portals, and support paths
• Different onboarding flows and review processes by country, which made it harder to enforce one standard
• More integration work every time CurrencyFair entered a new corridor or changed a policy

With AiPrise, CurrencyFair now verifies both individuals and businesses through a single platform. Teams work from one profile per customer or business, with documents, checks, and decisions in one view, instead of jumping between vendors.

One risk score, many signals

CurrencyFair uses AiPrise to build a unified risk score for every profile.

The score combines:

• Identity and document checks
• Business and registry information where relevant
• Sanctions and watchlists
• Device, phone, email, and other digital signals

This gives CurrencyFair compliance and risk teams a single, explainable view of why a profile appears low, medium, or high risk and which factors are driving that assessment, rather than trying to reconcile several different vendor scores.

Onboarding as a continuous control

Approving an account is not the end of the risk story.

With AiPrise, CurrencyFair keeps profiles under watch after onboarding. If something material changes for a customer or business, AiPrise updates the risk score and creates an alert for review.

That can include:

• New sanctions or watchlist entries for a person or beneficial owner
• Registry changes that affect a business
• Behavioural patterns that change the risk picture

This turns onboarding from a one time snapshot into a continuous control and helps CurrencyFair stay ahead of evolving fraud patterns without adding another layer of manual work.

AI that prepares cases, not decisions

CurrencyFair analysts handle complex, document heavy cases. AiPrise supports them with AI agents that:

• Read registry and identity documents and extract key fields
• Pull information from multiple data sources into a structured case view
• Summarise the main risk factors for each profile

Analysts stay in control of decisions. AiPrise reduces the time they spend gathering and cleaning information so they can focus on the small set of higher risk cases that really need their judgment.

In their words

“Behind every transfer is a person or business that simply needs the money to arrive safely. CurrencyFair has built that trust over many years. Our role is to give their teams one platform to manage risk, compliance, and fraud, and to surface changes in risk as they happen, so they can stay ahead without slowing customers down.”

Chaitanya Sarda, Chief Executive Officer, AiPrise

“Scammers are getting more sophisticated and expectations from regulators and customers continue to rise. Migrating from multiple vendors to AiPrise has strengthened our ability to prevent fraudulent accounts from being opened and to monitor risk across the customer lifecycle. It is one more way we make sure that people who choose CurrencyFair can move money across borders with confidence.”

Jan Lorenc, President, CurrencyFair

A shared focus

Fraud patterns, regulations, and customer expectations keep moving. What does not change is the need for transfers to arrive safely and for controls to hold up under scrutiny.

CurrencyFair and AiPrise are aligned on that. This partnership is about replacing a patchwork of vendors with one platform that can keep up with new markets, new products, and new fraud patterns, while giving CurrencyFair teams the visibility and control they need to stay ahead.