back Back

Kyckr and Blacksmith KYC enable plug-and-play client onboarding

By Gloria Methri

April 18, 2023

  • Blacksmith KYC
  • Client Onboarding
  • Digitalisation

Kyckr, Blacksmith KYC, RegTech, Know Your Customer, Client Onboarding, Regulatory Compliance, ING Bank Corporate KYC company, Kyckr has announced its partnership with Blacksmith KYC, the RegTech venture of ING Bank.  The partnership allows Blacksmith’s clients to access real-time data retrieval and registry connection – significantly reducing client onboarding and review processes that otherwise take several months.

Kyckr provides its customers and partners 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.

This data allows companies to understand their customers and suppliers better, minimising exposure to commercial risk, preventing financial crime like money laundering, and ensuring regulatory compliance.

Blacksmith, with policy digitalisation as the core of its solution, offers ING Bank and its other clients a single platform to digitalise and automatically apply their policy requirements in the KYC process. With their DataHub and Digital Policy Manager, Blacksmith cuts the efforts to create CDD files in half and enables its clients to stay compliant with changing regulations.

Nynke Postma, CEO of Blacksmith, said, “Our integration with Kyckr gives our clients access to real-time data from over 300 primary regulated sources. On top of this, it enables them to put their KYC teams back within their strength. Rather than manually collecting and processing large amounts of data from a large variety of data sources, they can now focus their efforts on risk analysis.”

Ian Henderson, CEO of Kyckr, added, “Partnering with Blacksmith means a more integrated solution for businesses that want to verify the provenance of their customers and suppliers. There is greater awareness today across all sectors that KYC is not just for regulated businesses. It is essential to risk management and wise data-led decision-making. Our API enables greater integration and automation across the RegTech industry, which is good for legitimate businesses and bad for financial criminals.”

Previous Article

April 18, 2023

5 FinTech funding rounds that occurred in the APAC region in March 2023

Read More
Next Article

April 18, 2023

MQube taps Thought Machine to streamline mortgage lending

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024

Blacksmith KYC

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

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
Subscribe Now

Other Related News

March 01, 2024

Marqeta & AffiniPay team to launch SMB credit card solution

Read More

March 01, 2024

Saikyo Bank & nCino to boost operational efficiency and customer experience

Read More

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023