The Challenge
OKQ8 needed a modern and compliant customer onboarding solution for the entire card issuing area of OKQ8 and Q8, including B2B and B2C credit card customers in Sweden and Denmark.
The Solution
Automated retrieval of data from external sources to ensure compliance with AML/CFT regulations, as well as support to the bank's credit decisions.
Back-office support and a user-friendly interface for manual handling of applications that cannot be fully automated or encounter issues during third-party data retrieval.
API’s for integrations with OKQ8 AB’s internal systems, card issuing platform and other account management systems.
The Result
The combined solution from Enfuce* and Stacc is in production and handles the whole value chain of credit cards – from onboarding and re-onboarding, to KYC & AML and card issuing and ledger.
Digital onboarding
Fast time-to-market
AML & KYC Compliance
Stacc AML & KYC Management has proven to be a well-functioning solution for our purpose. Stacc has also provided great competence and expert knowledge in their implementation consultants supporting us daily.
Johan Gabrielsson, Head of Digital Products at OKQ8 AB
* Enfuce is the card issuer for OKQ8.
OKQ8 Scandinavia
OKQ8 Scandinavia, comprising OKQ8 in Sweden and Q8 in Denmark, is one of Scandinavia’s largest fuel companies. With about 1,000 service stations, its own bank, and a strong corporate offering, OKQ8 provides products and services for people on the move.
Stacc solutions in use
Project tags
Mobility
