CurrencyFair and AiPrise have entered a partnership aimed at simplifying compliance, improving fraud prevention, and reducing operational complexity.
The collaboration stems from CurrencyFair’s expansion into new markets, which over time made its onboarding and compliance ecosystem increasingly difficult to manage. Each new corridor required additional KYC and KYB vendors, separate tools, and differing workflows, turning customer onboarding into a fragmented process that was challenging to scale and standardise.
CurrencyFair offers international money transfer services to individuals and businesses globally, helping customers move funds securely across borders. AiPrise provides a single platform for identity verification, business checks, fraud monitoring, and risk scoring, consolidating multiple data sources and tools into one environment for compliance teams.
Through this partnership, AiPrise now supports CurrencyFair’s onboarding and fraud controls across more than 100 countries and over 200 registries and data sources through one integration. The platform replaces a patchwork of regional vendors, giving CurrencyFair teams one profile per customer or business and a unified workflow that removes the need to switch between portals. It also reduces integration work each time the business enters a new market or updates a policy.
The platform allows CurrencyFair to generate a single risk score for every profile, using identity verification, document checks, registry information, sanctions data, and digital signals such as device and email intelligence. This creates one explainable view of risk that helps teams determine whether a customer is low, medium, or high risk without manually reconciling differing vendor outputs. AiPrise also supports continuous monitoring so that any material change—such as new sanctions entries, registry amendments, or behavioural shifts—triggers updates and alerts for review.
AiPrise’s AI agents help prepare cases by reading documents, extracting fields, pulling structured data into one view, and summarising key risk factors. CurrencyFair analysts remain fully responsible for decisions but spend less time on data gathering and more time evaluating higher-risk profiles.
AiPrise CEO Chaitanya Sarda said, “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.”
CurrencyFair president Jan Lorenc said, “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.”
Both companies share a commitment to ensuring that transfers remain secure, controls remain resilient, and compliance systems can adapt to evolving fraud patterns. Their partnership replaces a fragmented legacy setup with one scalable platform designed to keep pace with new markets, products, and regulatory demands.
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