Proactive Compliance Technology
Built for Highly-Regulated and Cash-Intensive Industries
Eliminate Blind Spots
Traditional banking systems aren’t designed for the unique regulatory requirements of serving highly-regulated and cash-intensive industries. Leaving you with blind spots that put your financial institution at risk.
Hypur helps you eliminate blind spots by filling gaps between the capabilities of traditional banking systems and the highly specialized needs of cash-intensive and highly-regulated businesses. Providing a more transparent 360-degree view of your accounts throughout their life cycle – improving account sustainability and regulatory compliance.
Be alerted to potential issues before its too late. Create alerts and triggers for things like actual-vs-expected deposits, unusual transactions and upcoming document expiration dates to monitor your accounts with ease.
Pro-actively manage risk rather than reacting to incidents. Our customizable alerts and triggers are a powerful tool to maintain the safety and soundness of your institution.
Hypur works alongside your current systems and you choose which accounts to use our technology for. Use Hypur for accounts that have heightened regulatory requirements or when you want additional transparency.
You only pay for accounts you utilize Hypur for. This ‘partnership’ pricing strategy means we generate revenue when you generate revenue. Simply put, we succeed only when you succeed.
Your Technology Partner
Hypur empowers you to enter markets most financial institutions avoid. Hypur helps you identify new opportunities and our technology, support, subject matter expertise, and customer acquisition strategies enable you to seize these opportunities responsibly, sustainably and profitably.
Hypur is a thought leader in empowering commerce in underserved markets and has become a go-to source for businesses looking for banking services. We become a major businesses development channel for our financial institutions by introducing them to businesses looking for banking services.
Purpose Built Technology
A one-size fits-all approach to compliance doesn’t work for highly-regulated and cash-intensive businesses. You need tools specifically designed for the job.
Hypur has industry specific tools and features designed for the unique demands of cannabis and money service businesses. Enabling you to responsibly and profitably bank these industries.
Hypur’s industry specific tools reduce the administrative burden of serving these markets so your bankers can spend their time serving clients and looking for opportunities.
Bank Compliance Technology for the Most Challenging Markets
Technology designed for the unique demands of serving cannabis businesses
Profitably serve money service businesses using purpose-built technology
Hypur can integrate with your core system and your client’s point-of-sale or accounting systems for unparalleled levels of transparency, monitoring and timeliness. Giving you access to actionable data you need to serve challenging markets.
Integration provides efficiencies and enables powerful capabilities unique to Hypur.
- Viewing real-time invoice-level sales data
- Monitoring actual cash deposits vs. expected cash deposits
- Automated information requests for transactions that meet your custom criteria
- Automated SAR and CTR preparation
Non-interest Income Opportunities
Markets with a high compliance burden let you utilize risk-based pricing which can be significantly higher than traditional markets. Fees for basic bank account services in these markets typically include a fixed monthly fee and deposit-volume based fees.
Leveraging technology and automating many of the additional administrative tasks of serving these businesses helps you control overhead and earn a profit commensurate with the additional work and risk.
Financial institutions can earn transaction fee revenue by partnering with Hypur as a sponsor for our payment platform. An increasing number of businesses are looking for a legitimate alternative to traditional payment solutions making Hypur’s PCI DSS certified payment platform a leading option for financial institutions to earn transaction fees.
Integrated Client Life Cycle Management
Serving cash-intensive and highly-regulated businesses requires comprehensive and time-consuming account management at all points during their lifecycle. Hypur’s compliance platform includes end-to-end client lifecycle management.
Hypur’s integrated client life cycle management tools include customizable dynamic CIP/CDD/EDD online account application forms, new account review/approval rules, robust ongoing due diligence functionality, SAR handling and automation, real-time document management, case management and activity tracking. All designed for ease of audits and regulatory examinations.
Documentation requirements of highly-regulated and cash-intensive businesses can be stifling. Hypur eases the pain of collecting, organizing and updating documents so you can focus on serving clients, not chasing paperwork.
Documents uploaded by clients during the online CIP/CDD/EDD process are added to document management using smart file-naming conventions. This ensures documents are named consistently across all clients for easy search and retrieval. Cloud-based storage puts documents at your fingertips.
Many documents need to be collected or updated periodically. Hypur makes this simple. Just set how often a document should be updated and emails are automatically sent to your client requesting a new document be uploaded directly to Hypur for you to review. Hypur will name these documents appropriately of course.
Hypur’s technology is accessed through a web-based dashboard so there is no hardware to buy, configure or maintain. Users can access information within Hypur whenever they need it – from any location and any device.
No per-user fees mean you can give access to anyone who needs it at no additional cost. Our extensive permission controls make it easy to control what users can see and do.
Hypur’s SOC 1 Type II report and PCI DSS certified payment platform provide confidence our service is secure, and our 99.9% uptime performance means Hypur will always be available.
With the right technology partner you can fuel sustainable growth by serving the growing list of highly-regulated, cash-intensive and emerging industries. You don’t have to let the limitations of your banking systems limit your growth.
Whether you are looking to serve just a few accounts or want to build an industry leading banking program, Hypur can help