In order to streamline and expedite its corporate onboarding procedures throughout the Asia-Pacific region, Coda Payments (“Coda”), the premier supplier of cross-border payments and distribution solutions to digital content publishers, today announced a partnership with Know Your Customer, a renowned RegTech company. Coda is improving its due diligence procedures on business prospects and clients by integrating Know Your Customer’s corporate onboarding solution with its front-end and back-end processes, utilizing automation to achieve increased efficiency and a better customer experience. Coda connects to company registries in 127 countries using a single Know Your Customer API in real-time, automatically retrieves the required official documents, extracts crucial corporate data, decodes intricate company charts, and, as required by regulations, identifies ultimate beneficial owners (UBOs) through documentary evidence.
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Coda, a 2011 startup with its headquarters in Singapore, is one of the top suppliers of safe, international solutions for the monetisation of digital goods and services. In more than 60 countries throughout the world, the firm assists digital content publishers in generating additional money from their games, applications, and services. The Financial Times ranked Coda as the 45th fastest-growing company in the Asia-Pacific region in 2022, and the World Economic Forum recognised it as a technology pioneer. A multi-regulated industry leader in regulatory technology (RegTech), Know Your Customer specialises in highly flexible corporate onboarding and Know Your Business (KYB) solutions. All 50 states in the US are now covered by its active registry connectivity. The Monetary Authority of Singapore’s Know Your Customer won the Silver ASEAN Award at the Singapore Fintech Festival World Fintech Awards in November 2022. (MAS).
Keira Kwek, Global Compliance Lead at Coda, commented:
“Our new onboarding process, powered by Know Your Customer, is instrumental in enabling the fast and secure expansion of our customer base across multiple Asia-Pacific markets and globally. From the start, the Know Your Customer team demonstrated how their solution was able to provide both the real-time registry connections required by the compliance team, as well as the API capabilities sought by our engineering team to facilitate fast integration with our internal systems.”
Claus Christensen, CEO & Co-Founder of Know Your Customer, added:
“We are delighted to be working with Coda to enable their vision for seamless, straight-through corporate onboarding across the Asia-Pacific region. It is inspiring to see their commitment to both better customer experience and no-compromise compliance, a dual objective which can only be achieved through RegTech innovation. We look forward to supporting them on this journey and enabling their continued and ambitious commercial growth.”
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