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Flywire, a global payments enablement and software company, has long understood the strategic importance of compliance. For them, compliance isn’t just about following the rules; it’s a competitive advantage. Accurately anticipating regulatory changes and planning ahead, can go a long way in ensuring Flywire can take first mover advantage when taking products to market around the world. But, to maintain this edge, they needed a regulatory monitoring tool tailored to their specific niche: payments that serve highly regulated verticals like education, healthcare, various B2B industries, and travel.

Many compliance tools on the market are either generic or focused primarily on banking compliance, leaving a gap for companies like Flywire.

Frans Wiwanto, Managing Director of APAC, at Flywire explained, “Before 91����ԭ��, we hadn’t identified a regulatory monitoring tool that was focused only on the payments field and FinTech.... We wanted to have a tool that is hyper-focused on the environment that we are involved in, which is the payments industry. And we were happy to find 91����ԭ��.”

Navigating the Rapid Pace of Regulation

Compliance teams in the payments industry find themselves in a fast-paced, complex environment where regulations are constantly evolving. Flywire needed a way to stay ahead of these changes to maintain an upper hand in the market.

According to Wiwanto, “We are operating in a fast-paced, complex environment where rules change all the time, and there will be new rules being implemented all the time. We need to have visibility over those rules, and we see that as a competitive advantage.”

91����ԭ�� Regulatory Intelligence provides Flywire with the structured and analysed insights they need. 91����ԭ��’s deep, unrivalled industry knowledge, combined with interactive tools, means it’s able to help organisations like Flywire stay on top of a rapidly changing environment to mitigate risk and swiftly identify new opportunities for growth.

Streamlined Access to Information

Finding relevant regulatory information quickly and efficiently is critical for Flywire. 91����ԭ��’s platform delivers exactly that. “91����ԭ�� structures and analyses the information, and gets local experts to analyse it,” Wiwanto noted.

91����ԭ�� also provides the breadth and depth of information that Flywire needs to evaluate multiple markets in APAC, or around the world. While rules differ from one jurisdiction to the next and for each product or service, 91����ԭ�� provides comprehensive, time-sensitive and actionable intelligence in 180+ jurisdictions globally to make compliance a competitive edge; “With the breadth of the coverage under 91����ԭ��, we have that confidence that we have all the tools we need to compete.”

Staying Ahead of the Competition

Flywire’s ability to anticipate regulatory changes and adjust its strategies is central to gaining an advantage in the marketplace. Wiwanto elaborated,“With the help of 91����ԭ��, we are pretty accurate in terms of anticipating the areas of focus regulators are going to be coming up with in the new year, and we can then plan our resources and policies effectively and at a more targeted pace to meet the new challenges coming.”

Having a clear view of regulatory landscapes also enables Flywire to make more informed decisions when entering new markets. “Having done the research on 91����ԭ��, we are not going to go into that country blindly, and we are not going to go talk to a domestic legal counsel blindly as well. It's a more efficient use of their time, as well as a more efficient use of our resources; it’s a win-win proposition. And it's all thanks to 91����ԭ��.”

This intelligence gives Flywire the agility to solve complex regulatory challenges fast. “With all the intelligence we gather from 91����ԭ��, we are able to anticipate better and solve the complexities by making decisions and making the appropriate investments at a fast pace, which goes a long way in ensuring our solutions are more compliant.”

A Partnership that Adapts and Delivers

Beyond the intelligence 91����ԭ�� provides, Flywire values the responsiveness and dedication of the 91����ԭ�� team. “When I raise feedback, 91����ԭ�� actually does something about it and actually enhances the product,” Wiwanto shared. “I feel that they are really dedicated to building a long term, win-win relationship.”

The hyper-focused content and personalised approach set 91����ԭ�� apart from other compliance tools. “91����ԭ�� differentiates themselves in terms of the content, with the focus on payments, and with the personal win-win relationship,” Wiwanto added.

A Trusted Partner in Payments Compliance

For Flywire, 91����ԭ�� is the market-leading solution for payments compliance intelligence. Wiwanto concludes, “I'm for sure going to recommend 91����ԭ�� in the payment space. I think 91����ԭ�� is a leader when it comes to payments compliance intelligence tools. I haven't seen anything in the market that comes close to it.”

If your organisation, like Flywire, is looking to gain a strategic edge by anticipating the future of payments regulation, get in touch to speak to a member of the 91����ԭ�� team.

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