Edenmoney® - Compliance Management Solution

The Customer

Edenmoney® is a forward-thinking financial technology company specialising in e-money solutions. Known for its commitment to operational excellence and regulatory integrity, Edenmoney® sought to strengthen its compliance capabilities to support its rapid growth and evolving regulatory landscape.

The Challenge

As Edenmoney® expanded, the complexity of its compliance requirements grew significantly. Manual compliance processes were labour-intensive, prone to human error, and risked exposing the company to regulatory penalties and reputational damage.

“We needed a solution that would not only ensure our compliance with stringent e-money regulations but also free our team to focus on strategic priorities,” said Edenmoney’s Chief Compliance Officer.

The Journey

Edenmoney® initially explored several off-the-shelf compliance management systems but found them either too rigid or unable to address the specific needs of a dynamic e-money business. After consulting with industry peers and conducting a thorough market review, the company decided to pursue a custom-built solution that could adapt to both current and future regulatory demands.

The Discovery

Quywater Partners were recommended to Edenmoney® by their CTO who had learned of Quywater Partners® track record of delivering highly customised, innovative solutions into  regulated markets. Edenmoney® engaged the team to explore a tailored compliance management platform. Quywater Partners® explored the pain points and aspirations of the Compliance function of Edenmoney®, to ensure that any deployed solution would be a true fit for Edenmoney’s operational model.

The Solution

Quywater Partners developed a custom compliance management platform for Edenmoney® using a low-code technology stack. Key features included:

• Comprehensive Compliance Framework: Automated alignment with e-money regulations, reducing the risk of non-compliance.
• Automated Workflows: Streamlined reporting, document management, and regulatory submissions to minimise manual intervention.
• Real-Time Risk Management: Integrated tools for ongoing risk assessment and mitigation, with instant alerts for potential compliance issues.
• Audit Readiness: Centralised repository for compliance data and documentation, simplifying both internal and external audit processes.
• Scalable Architecture: Flexible design to accommodate regulatory changes and support Edenmoney’s growth trajectory.

The Implementation

The project commenced with a detailed assessment of Edenmoney’s existing compliance processes, identifying inefficiencies and areas for improvement. Quywater Partners rapidly developed a Minimum Viable Product (MVP) using low-code tools, focusing on automating high-impact processes such as reporting and document tracking. The MVP was iteratively refined in close collaboration with Edenmoney’s compliance team, ensuring the final solution met all operational and regulatory needs.

Deployment included seamless integration with existing systems and comprehensive training for key stakeholders. Embedded learning modules provided real-time, in-platform guidance, maximising user adoption and platform effectiveness. Ongoing support ensured the solution could scale and evolve alongside Edenmoney’s business.

The Results

Within a short period following implementation, Edenmoney® achieved:

• Enhanced Compliance Efficiency: Automated workflows significantly reduced manual effort, allowing the compliance team to focus on strategic initiatives.
• Regulatory Confidence: The robust framework ensured full alignment with evolving e-money regulations, mitigating the risk of penalties.
• Improved Risk Management: Real-time monitoring and reporting empowered proactive identification and resolution of compliance issues.
• Audit Preparedness: Centralised data and streamlined processes made audits faster and more transparent.
• Scalability: The adaptable platform supported Edenmoney’s continued growth and future regulatory changes.

“The compliance management solution delivered by Quywater Partners has transformed our approach to regulatory adherence. We’re now more agile, confident, and prepared for the future,” commented the Chief Compliance Officer.

This project demonstrates how a low-code, custom-built compliance platform can drive operational excellence, empower risk management, and position Edenmoney® as a leader in compliance innovation within the e-money sector.