Alloy partners with Kyckr to streamline KYB checks for global companies
By Leandra Monteiro
Alloy, an Identity Decisioning Platform for banks and FinTech companies, announced its partnership with Kyckr, a corporate KYC company providing businesses with real-time data on prospective and existing customers and suppliers.
“With fraud higher than ever before, finding a speedy but safe way to onboard business customers remains a challenge for many financial institutions, particularly as they look to service clients in multiple global markets,” said Edwina Johnson, Head of Global at Alloy. “Integrating Kyckr into Alloy’s platform will help our clients provide a seamless digital onboarding experience to their customers without increasing the risk of fraud, no matter where in the world they are located.”
This partnership with Kyckr comes on the heels of Alloy’s UK launch in February, in which it strengthened its presence in EMEA with key senior hires and office space in London.
Kyckr provides real-time access to aggregated corporate Know Your Customer (KYC) and Ultimate Beneficial Owner (UBO) data from over 300 company registries and primary regulated sources worldwide, helping organisations to avoid the significant regulatory and commercial costs associated with using poor-quality data. The partnership will strengthen Alloy’s ability to help financial institutions overcome the challenges of achieving seamless digital business onboarding on an international basis.
“Tackling financial crime is the number one priority and it can only be achieved if companies can identify the criminals and meet the increasing scrutiny of regulators,” said Ian Henderson, CEO of Kyckr. “Our partnership with Alloy means its customers can automatically validate the status of companies at the respective corporate register in real-time, helping avoid the significant regulatory and commercial risks associated with using poor quality data.”
The partnership gives Alloy’s 350+ clients including Carta, Ramp, and Brex, a powerful tool in performing KYB for companies outside of the US.
IBSi Daily News Analysis
June 01, 2023
With ECB nearing its launch, could Digital Euro become a reality?Read More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage