Yaspa is an award-winning fintech that connects identity and money to simplify - and accelerate - the way we pay. Founded in 2017 by a former Worldpay CTO, Yaspa uses open banking to provide instant bank payments that are faster, more secure and more cost-effective than cards, and to help regulated businesses seamlessly verify customers and their payments. Yaspa operates across the UK and Europe, is regulated by the UK’s Financial Conduct Authority, and is backed by leading investors including Fin Capital, SGH Capital & Metavallon VC. Most recently, Yaspa was awarded a government grant for its Safer Gambling payments and AI platform by Innovate UK, the UK’s innovation agency. Yaspa's uses open banking to provide instant bank payments that are faster, more secure and more cost-effective than cards, and to help regulated businesses verify customers and their payments - delivering seamless risk-rated conversions and reducing fraud. Some of Yaspa's core product modules include: Instant Payments - Let customers make instant bank payments without cards, apps or the need for cash. - Yaspa enables fast and secure direct account-to-account payments, eliminating intermediaries. - By using bank verification instead of cards, Yaspa transactions are protected against card-based fraud. Instant Payouts - Make payouts instantly: Pay your customers in real-time and allow instant withdrawals with straight-through payouts, or set up an approval process for extra security. - No rekeying required: Your customers' accounts come fully verified, so you can make payments confidently - and meet your compliance obligations. - Flexible integration: Manage your payouts and cash flow through the Yaspa dashboard, or integrate directly into your existing systems and processes. Account Verification - Ensure secure payments to verified accounts using real-time biometric authentication. - Streamline anti-fraud measures and payment setup with quick account verification. - Obtain bank-verified customer data for KYC and SCA during the payment process. - Accelerate onboarding with pre-filled, accurate account data directly from the user's banking app. Verification Plus - Instant affordability checks. - ‘Pan-merchant’ analysis. - Vulnerability detection. - Suspicious behaviour alerts. - Dedicated Verification Plus dashboard. - Frictionless process at the point of payment. Virtual Accounts (vIBANs) - Instant payments: Make low-cost payments to your Yaspa vIBAN with real-time status updates. - Multiple accounts: Create virtual accounts tailored to your business, with multi-currency and Forex options. - API integration: Seamlessly integrate with your systems via API for easy virtual account management.