AML GO launches its online anti-money laundering system at the consumer credit conference

JOHANNESBURG, South Africa, October 29, 2024 (GLOBE NEWSWIRE) — UPAY Inc. (“UPAY” or the “Company”) (OTCQB: UPYY), through its South African subsidiary, AML GO (Pty) Ltd, is excited to announce the official launch of the AML GO Anti-Money Laundering online system ( AML). The launch will take place during the prestigious Consumer Credit Conference on October 30 and 31, 2024, hosted at the Indaba Hotel in Fourways, Johannesburg.

AML GO’s advanced online platform is designed to provide financial institutions, lenders and businesses with powerful tools for AML compliance in today’s dynamic digital world. With a focus on retail credit risk management and regulatory compliance, the system provides a robust solution for identifying, assessing and mitigating the risks associated with money laundering and related financial crimes.

Key features of the AML GO system:

Advanced AML Screening: Real-time monitoring and screening based on global databases to ensure compliance with the latest AML regulations.
Seamless integration: Easy integration into existing financial workflows, providing automated and comprehensive compliance controls.
Customizable alerts and reports: Customized reporting tools that enable financial institutions to efficiently track and report suspicious activity.
User-friendly interface: A simple yet effective dashboard that allows users to easily manage compliance requirements.

About AML GO (Pty) Ltd:
AML GO is your trusted partner for advanced anti-money laundering (AML) and credit risk solutions. Our streamlined Client Onboarding Platform provides seamless access to AML, Politically Exposed Persons (PEP) and sanctions screening, along with risk assessment assessments, bank account verification and bank statement verification. In addition, we offer a comprehensive credit risk assessment, identity verification, affordability calculations and proof of address confirmation. AML GO ensures your organization remains compliant with the Financial Intelligence Center Act (FICA) while optimizing operations for improved efficiency and reduced risk.

Jaco Fölscher, CEO of UPAY Inc., shared his excitement about the launch of the system: “The introduction of the AML GO online platform marks a pivotal moment for UPAY and AML GO. We are pleased to offer this innovative solution at such a” n critical moment for the consumer finance industry As financial institutions face increasing regulatory pressure, AML GO provides the technology needed to improve compliance and protect against financial crimes.

About the Consumer Credit Conference 2024:
The Consumer Credit Conference is a major industry event that brings together professionals in retail credit, unsecured lending and risk management to explore strategies for managing credit risk in an increasingly digital world. The conference will cover topics such as credit scoring models, digital lending platforms, risk management strategies and regulatory compliance. The launch of AML GO at this event highlights the importance of integrating advanced technology in addressing compliance challenges in today’s financial landscape.

Conference participants will have the opportunity to see the AML GO platform in action and participate in interactive sessions to understand how it meets their specific compliance needs.

Mia-Daniel Bester COO of AML GO (Pty) Ltdcommented: “AML GO is proud to be launched at the Consumer Credit Conference. Our platform not only addresses today’s compliance challenges, but also looks ahead to the future of AML management, keeping businesses at the forefront of in light of changing regulations.”

The launch of the AML GO system reinforces UPAY’s commitment to providing innovative solutions that empower financial institutions in South Africa and beyond. The company continues to set the standard in compliance and risk management technology, driving both innovation and regulatory excellence.

For more information about AML GO and the new online anti-money laundering system, visit www.amlgo.co.za

CONTACT DETAILS
UPAY Inc.
Email: [email protected]

About UPAY Inc.:
UPAY Inc. is a progressive American publicly traded company committed to delivering cutting-edge financial solutions in the fintech sector. With a strong focus on innovation, UPAY remains a leader in AML compliance technology and financial risk management.

About AML GO (Pty) Ltd:
AML GO is a South African subsidiary of UPAY Inc., specialized in providing anti-money laundering and credit risk solutions for financial institutions. The company’s mission is to enable companies to meet stringent regulatory requirements through innovative, user-centric technology.

CAUTIONARY DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS
The information in this publication does not constitute an offer to purchase securities of UPAY Inc. to sell or to make an offer to buy securities. This publication contains forward-looking statements, which are not guarantees of future performance. The Company has no obligation to provide the recipient with additional updated information. No information contained herein should be interpreted as any indication of the Company’s future earnings, results of operations or stock price.