Our software is currently undergoing security testing, do we need to contract any other testing or quality assurance firms to meet the obligations of a sponsorship agreement?

The question in full

Understand whether additional QA or testing is required under sponsorship agreements and how sponsors manage TMS and AML responsibilities.

Answer

We cannot comment on this. TMS (Transaction Management Systems) and AML (Anti-Money Laundering Systems) are provided under the API/guidance of the sponsoring institution. We’ve not seen your case on the flow of funds, so we cannot comment on it. If your software is taken into consideration, the sponsor would have a word with you on this, not us.

Our software is currently undergoing security testing, do we need to contract any other testing or quality assurance firms to meet the obligations of a sponsorship agreement?

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