Acquisition of KYC360 will bring together compliance expertise and cutting-edge financial crime innovation
Experian, the global data and technology company, has announced the acquisition of KYC360 in the UK and Ireland, which will significantly enhance its fraud and financial crime compliance capabilities.
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Malin Holmberg, CEO of Experian UK&I, said: “We’re excited to celebrate this major milestone as it reinforces our commitment to providing innovative solutions in the fight against financial crime.”
Know Your Customer (KYC) and Know Your Business (KYB) are foundational pillars of financial crime prevention, requiring organisations to continuously verify and update customer and business information throughout the lifecycle. KYC360’s suite of Customer Lifecycle Management (CLM) solutions will support these critical processes allowing clients to onboard, screen and perpetually maintain data across the entire customer base.
These capabilities will be fully integrated into Experian’s Ascend platform and made available from next year. With KYC360 seamlessly integrated into Experian, clients will benefit from optimised compliance, faster onboarding and reduced operational costs, all of which will create a frictionless experience that also strengthens their financial crime defenses across the entire customer lifecycle.
Malin Holmberg, CEO of Experian UK&I, said: “We’re excited to celebrate this major milestone as it reinforces our commitment to providing innovative solutions in the fight against financial crime. The addition of KYC360 significantly boosts our capabilities, allowing us to deliver even greater value to our clients and accelerate our growth. We are delighted to welcome the KYC360 team and look forward to achieving great things together.”
Stephen Platt, Founder and CEO of KYC360, commented: “We are thrilled to be joining the Experian group. This partnership provides a tremendous opportunity to drive innovation in the fight against financial crime, helping to protect even more clients and their customers. Together, we are committed to ensuring that the customer experience remains seamless, while setting new standards for security and compliance in the industry.”
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