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FullCircl acquires W2 Global Data Solutions to boost compliance

By Gloria Methri

August 22, 2023

  • AML
  • Digital Customer Onboarding
  • FinTech Acquisition

FullCircl, Customer Lifecycle Intelligence, W2 by FullCircl, W2 Global Data Solutions, FinTech, UKFullCircl, the Customer Lifecycle Intelligence (CLI) platform has announced the acquisition of W2 Global Data Solutions, a provider of real-time digital solutions for global regulatory compliance. The acquisition strengthens FullCircl’s compliance suite and accelerates the company’s ambition to excel in smart customer onboarding solutions for regulated businesses.

With expansive datasets and deep subject matter expertise in identity verification, W2’s global KYC, AML, and anti-fraud services complement FullCircl’s medium-term growth strategy. It will enable further enhancements to FullCircl’s suite of applications and APIs while creating a unique end-to-end solution for companies seeking to embed insight into customers through acquisition, onboarding, and ongoing monitoring.

The combined company now provides coverage on entities located in 160 countries, offers broader market appeal, and new opportunities to target consumer-related finance segments such as personal finance, gaming, gambling, and crypto. W2 brings 120 customers to FullCircl’s 600-strong customer base, with no overlap.

Under the terms of the agreement, W2 will trade as ‘W2 by FullCircl’. Warren Russell will continue to lead the business and will join the senior management team at FullCircl.

Speaking about the acquisition, Andrew Yates, CEO at FullCircl, said, “W2 shares our vision to help regulated businesses mitigate risks and deliver next-generation onboarding that meets both customer expectations and the compliance requirements of our rapidly changing world. This is great news for customers of both W2 and FullCircl, who will benefit from enhancements that will transform their compliance and risk management processes. We look forward to welcoming our new colleagues and together building on our combined expertise to deliver something truly game-changing.”

“We are thrilled to become part of the FullCircl family,” said Warren Russell, Founder and CEO of W2. “This is the culmination of 12 years of work, building innovative technology to simplify complex regulatory requirements in customer onboarding. We are absolutely delighted to join FullCircl and embark on the next ambitious chapter with our clients and partners. Together we look forward to not only continuing our mission but amplifying it, as we leverage shared resources and expertise.”

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