We’re proud to welcome Param – one of Turkiye’s leading fintech innovators – as a valued new client of Formica AI!
Param the Embedded Finance Provider has built an impressive embedded finance ecosystem that transforms how businesses and individuals pay, get paid, manage money, and grow. From ParamPOS payment acceptance and competitive merchant solutions to ParamKart prepaid cards with cashback benefits, Param empowers a diverse range of customers – from individual users to e-commerce platforms and large corporates – with secure, seamless, and smart financial experiences.
Param, together with its group companies, delivers a full suite of services including online and offline payments, prepaid cards, wallets, marketplace payment solutions, lending, open banking, loyalty programs, and more – all designed to make financial interactions smarter, simpler, and more rewarding. Param supports hundreds of thousands of merchants and millions of users across Turkiye and beyond.
The company continues to grow internationally and innovate across digital finance.
At Formica AI, we’re honored to support Param in further strengthening their overall risk management, fraud detection & prevention, anti-money laundering (AML), and know your customer (KYC) capabilities.
By leveraging our advanced AI-powered risk orchestration platform, Param will gain deeper insights into real-time risk signals, improve automated compliance workflows, and enhance protection across transaction and onboarding flows – ensuring safer, more reliable experiences for their partners and end users.
Together, we are committed to enhancing trust, security, and innovation in fintech. This collaboration underscores both companies’ dedication to advancing financial integrity and customer protection across every touchpoint – from onboarding to ongoing monitoring.
