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TransactionLink signs partnership with Know Your Customer

By Gloria Methri

February 20, 2024

  • Automated onboarding
  • Compliance
  • Corporate Onboarding
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TransactionLink, Know Your Customer, KYB, RegTech, BerlinTransactionLink has joined forces with Know Your Customer to revolutionize the compliance and onboarding process for financial institutions and regulated businesses in Europe.

As the demand for robust business KYC and Know Your Business (KYB) procedures continues to grow, it has become important for organizations to implement seamless and efficient onboarding processes.

However, the complete corporate onboarding process often requires additional steps such as gathering supplementary user data, conducting anti-fraud checks, and assessing risk levels. This is where this strategic partnership between TransactionLink and Know Your Customer comes in.

TransactionLink, with its innovative onboarding automation platform, integrates Know Your Customer’s KYC API and real-time data into their business logic builder, resulting in a comprehensive automated user journey creator for their customers. By combining the strengths of both platforms, the partnership aims to deliver a seamless and streamlined experience for compliance teams and their SME and corporate customers across Europe.

Mateusz PniewskiCEO & Founder of TransactionLink said, “We are thrilled to partner with TransactionLink to elevate the corporate onboarding experience for their customers. By leveraging our real-time access to global registry data through our REST API, integrated with TransactionLink’s powerful automation capabilities, we empower financial institutions and regulated businesses to seamlessly implement efficient and compliant KYB procedures. This synergy effectively reduces manual effort and enhances overall customer satisfaction.”

Claus ChristensenCEO & Co-Founder at Know Your Customer Limited said, “The partnership between TransactionLink and Know Your Customer will give financial businesses the ability to leverage cutting-edge technology to meet regulatory requirements, mitigate risks, and ensure a seamless corporate onboarding process. By simplifying and automating business KYC and KYB procedures, both companies aim to empower organizations to focus on their core competencies and drive growth in 2024.”

Founded in 2020, TransactionLink is a KYB onboarding automation platform for financial institutions and online marketplaces. It offers a solution that helps businesses expand across geographies and reduce onboarding costs without the need for complex engineering integrations.

Know Your Customer is a Hong Kong-based RegTech company specialised in next-generation business verification solutions for financial institutions and regulated organisations worldwide.

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