Terra, a mobile-first international payment network incubated by Mahindra Comviva, recently announced a strategic collaboration with LexisNexis Risk Solutions, to protect its network against financial crime and facilitate secure growth of mobile-powered cross-border transactions, according to a press release.

Terra interconnects mobile wallet service providers, banks and remittance companies to build a global network to serve remittance-dependent households in regions with low banking penetration, primarily Asia, Africa and Latin America, according to the announcement. 

Netherlands-based Terra said it is working with LexisNexis to help it provide a robust, first-line of defense to secure transactions processed over the Terra network. LexisNexis Risk Solutions deploys state-of-the-art intelligence tools to provide an end-to-end customer screening service that detects and assesses the compliance and business risks of customers behind a transaction, as well as monitors counter-parties for risk profile changes, according to the announcement.

"Working with LexisNexis Risk Solutions helps us to conduct business globally with confidence. Terra derives economic value from the power of establishing global connections between multiple service providers," said Ambar Sur, founder and CEO of Terra. "The ability to maintain the highest level of security and deliver a trusted transaction environment is our priority number one. Terra with LexisNexis Risk Solutions strengthens risk governance by providing an enhanced layer of protection against potential misuse, and empowers all scheme participants to meet regulatory requirements whilst minimizing time, resource and operational costs."