Published on 10 Apr 2023 on Zacks via Yahoo Finance
Euronet (EEFT) Unit Unveils Tool to Aid Regulation Compliance
Euronet Worldwide, Inc.’s EEFT business unit, epay, recently introduced a cloud-based platform, Skylight. The innovative solution is built on the power of analytics and eases the detection of compliance issues cropping up amid regulated financial transactions occurring within money services businesses like retailers, digital banks and fintech.
Shares of Euronet gained 0.3% on Apr 6.
While the new platform can be presently availed across the Microsoft Azure and AWS marketplaces, future versions of the same will be available for other cloud platforms. Though the scope of Skylight has been initially restricted to transaction monitoring in the United States, its reach will gradually be expanded to other parts of the world.