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Blog post from Stripe
Balancing risk management and compliance with business speed and safety is a challenge for platforms, as they need to quickly onboard businesses while effectively screening for fraud and managing complex global verification requirements. Stripe has introduced three new features to enhance this balance, offering platforms more control over their risk and compliance strategies. These include setting reserves on user funds with Radar, which utilizes AI-powered risk scores and a custom rules engine to mitigate financial risks. Platforms can now programmatically or manually place reserves on funds, adapting to business-specific needs such as elevated risk scores or long transaction delivery times. Additionally, the Stripe Verified feature allows trusted platforms to customize risk thresholds and compliance controls, offering extended due dates for tasks and benefits tailored to specific industries, such as higher ACH limits for property managers. Stripe also launched an updated embedded component for onboarding, which simplifies international compliance workflows, reducing engineering time by 90% and enabling platforms to capture more global revenue. Stripe plans to further enhance these tools, expanding access to Verified platforms and offering more customizable onboarding options.