Asia Europe Regtech

Know Your Customer and Refinitiv Partner to Integrate World-Check Data in AML and KYC Solution

Award-winning RegTech provider Know Your Customer is partnering with Refinitiv, a provider of financial markets data and infrastructure, to integrate Refinitiv’s World-Check risk intelligence data into Know Your Customer’s client onboarding solutions.

Established in 2015, Know Your Customer provides next-generation digital onboarding solutions to financial institutions and fintech organisations around the world. Specialising in corporate KYC automation technology through live connections to company registries, the company offers an end-to-end case management solution to centralise the pillars of client onboarding, including document collection, data extraction and assessment, ongoing monitoring, and reporting.

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. The company’s Risk business offers comprehensive, timely, and trusted information to help customers manage regulatory compliance, enterprise risk and financial crime. Its leading products include World-Check, Qual-ID and its recently expanded Enhanced Due Diligence service.

Claus Christensen, CEO & Co-Founder of Know Your Customer, said: “We are delighted to announce this strategic partnership with Refinitiv, which further strengthens our unique offering based on live connections to company registries. The innovative integration of our two complementary offerings creates an automated technology solution to support KYC and AML to the highest calibre.”

The partnership will enable clients around the world to leverage both Refinitiv’s and Know Your Customer’s market-leading solutions through one integrated interface for enhanced efficiency and effectiveness during client onboarding and throughout the client relationship. More specifically, compliance professionals will now be able to access Refinitiv’s world-leading financial crime information in World-Check from within the Know Your Customer platform. This results in a more seamless client due diligence process, not only when onboarding corporate clients for the first time but on an on-going basis through AML monitoring.

Emma Miller, Global Head of Partnerships Risk & Compliance at Refinitiv, said: “Through this partnership, we are combining leading technology from Know Your Customer with trusted risk intelligence data from Refinitiv. It’s a combination that is designed to help meet the market’s growing demand for RegTech and digital KYC solutions.”

Author

  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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