RegTech Kyckr extends partnership with NTT/Bank of Ireland

By Megha Bhattacharya

RegTech Kyckr announced that it has extended its services to existing customer NTT/Bank of Ireland for a further 12 months. The existing three-year agreement with NTT/Bank of Ireland due to conclude in September 2021 has now been extended one year early to September 2022.

The RegTech offers services to Bank of Ireland through a prime contracting party, NTT Services. The agreement covers the provision of data to facilitate Corporate Know Your Customer Due Diligence (KYC DD) Services, including onboarding new customers and on-going monitoring of corporate customer information through Kyckr’s Company Watch service.

Kyckr CEO, Ian Henderson added, “This contract also demonstrates the growth from our existing customer relationships with our strategic partnership program bearing fruit. The agreement clearly shows that large companies can work with and trust a smaller partner of our size, as we help businesses with the right tools to detect fraud and prevent money laundering, as regulations continue to increase.

“We look forward to the launch of our ongoing compliance monitoring Company Watch product beyond the UK and Ireland into Continental Europe and Australia which we expect will drive the upwards trajectory in revenues generated from our services to Corporate clients.”

London-based Kyckr offers global company intelligence from legally authoritative and compliant sources. It connects to over 180 company registries globally, across 120 countries and more than 170+ million legal entities. Its products and services use technology to help organisations through regulatory, Know Your Customer (KYC) and compliance challenges.