RelyComply partners with The Payments Association to strengthen AML for payments companies

RelyComply is proud to announce its partnership with The Payments Association (TPA), a leading community at the forefront of payments innovation and industry collaboration across the United Kingdom.

Joining The Payments Association strengthens RelyComply’s ability to support payment firms operating in complex regulatory environments, while contributing specialist AML expertise to industry initiatives shaping the future of financial crime prevention in payments.

This partnership marks an important step in RelyComply’s continued expansion into the UK, reinforcing its commitment to supporting financial institutions, fintechs, and payment providers with lifecycle-aware AML, transaction monitoring, and financial crime prevention capabilities designed for modern payment flows.

Enabling collaboration across a transforming payments ecosystem

The payments landscape is undergoing rapid transformation – driven by digital innovation, regulatory complexity, and increasingly sophisticated financial crime.

The Payments Association convenes over 250 member organisations across the payments value chain, creating a trusted forum for collaboration between fintechs, banks, payment providers, regulators, and technology partners. Through working groups, policy engagement, and research initiatives, the Association helps members anticipate regulatory change and respond collectively to emerging risks.

For RelyComply, membership provides structured engagement with the organisations shaping the operational and regulatory future of payments, ensuring its technology continues to address real-world financial crime challenges faced by payment firms.

By joining this network, RelyComply will contribute to key industry conversations and collaborate with leading stakeholders to help shape the future of AML compliance and financial crime prevention.

Strengthening financial crime capabilities through partnership

As financial crime becomes more complex and automated, collaboration between technology providers and industry bodies is essential. In the UK, over 50% of consumers make at least one online payment weekly, and while overall fraud volumes are stable, complex typologies such as facility misuse and AI-driven attacks are on the rise. 

At the same time, the adoption of real-time payments, open banking, and new payment rails is accelerating, compressing compliance risk into seconds – highlighting the need for adaptive, AI-enabled monitoring, capable of responding across the full AML-lifecycle.

The Payments Association brings:

Through membership, The Payments Association provides RelyComply with structured access to industry dialogue, regulatory insight, and collaboration opportunities that support continuous innovation in AML for payments firms:

• Direct engagement with payment providers, fintechs, and banks navigating evolving AML and fraud risks
• Participation in working groups focused on financial crime, open banking, cross-border payments, and regulatory change
• Access to policy discussions and research shaping UK payments regulation
• Opportunities to contribute technical insight to industry frameworks and best practices
• Collaboration with ecosystem partners addressing shared financial crime challenges

RelyComply brings:

As part of the ecosystem, RelyComply contributes practical expertise on how payment firms can operationalise AML controls across increasingly complex transaction environments:

• Expertise in lifecycle-aware AML spanning customer onboarding, transaction monitoring, and ongoing risk management
• Experience supporting fintechs and payment providers operating across multiple regulatory jurisdictions
• Technical insight into AI-enabled monitoring approaches designed to adapt to evolving financial crime typologies
• Contribution of implementation-led perspectives to industry discussions, helping translate regulatory expectations into operational frameworks
• Collaborative participation in initiatives focused on improving financial crime resilience across payment ecosystems

A shared vision for a safer financial ecosystem

At the core of this partnership is a shared belief: that collaboration is key to building a safer, more inclusive financial system.

By combining RelyComply’s AML technology expertise with the convening power of The Payments Association, the partnership supports stronger alignment between regulatory expectations, industry needs, and practical compliance implementation.

Together, both organisations aim to contribute to creating a more resilient UK payments ecosystem.

Looking ahead

RelyComply looks forward to actively contributing to The Payments Association initiatives, sharing insight with industry peers, and collaborating on approaches that help payment firms manage financial crime risk more effectively.

As payment models continue to evolve, partnerships between technology providers and industry bodies play an important role in ensuring AML approaches remain aligned with real-world payment behaviours and emerging regulatory expectations.