Merrick Bank has teamed up with Kompliant to enhance its digital merchant onboarding process. By integrating Kompliant’s workflow automation tools, Merrick aims to improve risk management, operational efficiency, and data-driven decision-making, ultimately boosting revenue growth.
The partnership has transformed and digitized the onboarding experience, enhancing credit and risk review capabilities while reducing compliance-related costs. Merrick Bank, established in 1997, serves over 110,000 merchants in the US, processing $60 billion annually. Kompliant’s CEO highlights the strategic importance of such partnerships in ensuring financial stability and growth in a dynamic regulatory environment.
