Foxfire is a leading Australian provider of payment and remittance services, enabling the fast, secure, and compliant movement of funds into and out of Australia. With a strong commitment to regulatory compliance and customer trust, Foxfire specialises in helping remittance businesses meet Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) obligations, while providing seamless Know Your Customer (KYC) and settlement solutions.
Operating in a highly regulated industry, Foxfire understands that compliance, security, and efficiency must go hand in hand. By leveraging best-in-class technology, the company ensures that both businesses and their customers benefit from a frictionless, reliable, and fully compliant payment experience.
As a financial services provider, Foxfire needed a robust and scalable identity verification (IDV) solution that could support its growth while maintaining compliance with evolving AML/CTF regulations.
Several key challenges the company faced:
To overcome these challenges, Foxfire turned to GBG’ for their identity verification and compliance solution, their decision was based on several key factors:
In initial testing, our tech and expertise delivered an 20% increase in customer onboarding, marking a strong improvement. The solution offered:
By implementing GBG’s greenID and Watchlist Screening, Foxfire has achieved measurable improvements across compliance, operational efficiency, and customer experience.
Key outcomes include:
By partnering with GBG, Foxfire has successfully transformed its identity verification and compliance processes, achieving a balance between regulatory obligations and a seamless customer experience. With greenID’s automation, accuracy, and reliability, Foxfire can confidently enable the fast, secure, and compliant movement of funds, reinforcing its position as a trusted and innovative remittance service provider.
As compliance regulations continue to evolve, Foxfire is well-positioned to stay ahead of regulatory challenges, leveraging GBG’s expertise to ensure a future-proof and scalable approach to identity verification and fraud prevention.
Connect safely with every genuine identity.