How LaFinteca built one screening standard for every partner across every jurisdiction

LaFinteca Fund management team

LaFinteca is a Latin America focused payment gateway, connecting businesses to local payment methods across the region: PIX and Boleto in Brazil, OxxoPay and SPEI in Mexico, PSE in Colombia, Khipu in Chile, cash payment networks including 15,000-plus KasNet points in Peru and 23,000-plus OxxoPay stores in Mexico, plus card and cryptocurrency rails, with a footprint that extends into Argentina and Ecuador as well. Delivering that reach means partnering with regulated banks and payment processors in every market it enters.

Every new partner relationship means due diligence on the full entity, not just the company itself, but its directors and legal representatives too.

The Challenge

As LaFinteca added more markets and more partners, manual review could not keep pace. Every new relationship still had to be checked in full, but manual checks could only ever reach what was publicly available.

LaFinteca already held direct financial licenses to provide payment services across the region and ran its own AML and KYC checks on end-user transactions, including the cryptocurrencies it supports alongside its local payment rails. The gap sat one level up: screening the banks, processors and other regulated entities behind each partnership, at the pace the business was adding them.

The Solution

Every relationship now runs through the same standard before it goes live:

• 3,500+ watchlists covered in a single screening run
• Full entity structure screened, from the company to its legal representatives
• KYC, KYB and KYP checks, run individually or in batch
• Live from day one, with no training required

LaFinteca Fund management team

There are many similar providers in the market, but their reputation depends on the breadth and depth of the lists they cover. The more lists integrated, the stronger and more reliable the tool.

Ownership stays clear on both sides of the relationship:

1. 1

   LaFinteca owns onboarding and partner relationships

   New banks, payment processors and other regulated partners are brought in and managed directly by LaFinteca’s team.

2. 2

   AML Watcher screens the full entity structure before approval

   The company, its directors and its legal representatives are all checked before any relationship goes live.

The result is one consistent screening standard applied to every relationship, everywhere LaFinteca operates.

The Implementation

The “live from day one” claim held up in practice. The compliance team described how the integration itself went:

LaFinteca Fund management team

The integration was agile and efficient. The learning curve was minimal, allowing AML Watcher to be incorporated into daily operations smoothly, without friction or disruption to existing processes.

The Outcome

Closing that partner-level gap produced four changes:

LaFinteca Fund management team

The main impact was the amount of time freed up for the team.

The Results

For LaFinteca, consistent screening is not just an internal safeguard. It is part of the case the company makes to the regulated partners it works with.

LaFinteca Fund management team

Operating alongside regulated partners, payment institutions, and banks means consistently meeting high compliance standards. Having a dedicated AML background-check tool is essential to delivering a reliable, compliant, and top-tier service our partners and merchants can trust, ultimately enabling us to build and maintain strong partnerships across the region.