The online payments sector is one of the most dynamic markets in the financial world. It’s come on leaps and bounds in the past decade, with advancements in technology constantly pushing the boundaries of what’s possible.

If merchants are to grow and be successful, they need to present a variety of payment options. Mollie helps merchants tackle this challenge, offering a simple and clear API that offers multiple payment methods in a concise, uniform way. However, beyond the technology, there are a number of compliance, security and risk challenges that the online payments sector faces.

When Mollie partnered with SureCloud, the company already had a dedicated risk and compliance function, but its technology supporting the team needed to be modernized if the company was to take advantage of the growth opportunities it had identified.

The company’s primary focus was around integrity, IT, cyber, operational and data privacy risk, and Mollie needed a platform to monitor and manage all aspects in an easy, simple way before they began their program expansion.

Mollie wanted an end-to-end solution that would allow them to easily link data together and spot control gaps.

User experience was of paramount importance, and Mollie wanted an interface that even non-compliance/risk employees would be able to use effectively with minimal training.

SureCloud’s solution is designed to help organisations like Mollie tie disparate processes together, while fully integrating them in an easy-to-use risk and compliance solution.

The primary goal is to eliminate duplicate work, lower administrative overhead, eradicate manual reporting, and reduce the need for additional manual communications such as email-based instructions.

This results in better record-keeping, easier decision-making, and the ability for the business to demonstrate how risk, compliance, security and data privacy impact the organisation today and any future growth plans.

Through SureCloud, businesses can effectively demonstrate and manage regulatory compliance requirements with an interactive dashboard that displays connections to controls assessments, risk and remedial actions.