RegTech100 company Know Your Customer has partnered with Hong Kong-based FinTech company Neat.
Neat’s integration of Know Your Customer’s onboarding solution through APIs will it enable it to process hundreds of applications a day, according to the company.
The KYC solution will allow its app them to carry out all necessary anti-money laundering (AML) and KYC checks much faster and much more cost-effectively, while delivering an extremely smooth customer experience.
The deal was announced at Hong Kong FinTech Week during Enterprise Ireland’s trade mission to China, which commenced this week and is being led by Minister for Business, Enterprise and Innovation Heather Humphreys, TD.
Another Two Enterprise Ireland-backed FinTech company to announce a partnership at the event was Global Shares. It has signed a $15m deal with Huanying International and also announced the opening of an office in Beijing. The partnership with Huanying, an online brokerage firms, will provide employee share ownership plan (ESOP) administration, share dealing, global compliance, financial reporting and asset management services to new economy companies.
“The deals we’ve seen formalised today by Global Shares, Know Your Customer and CurrencyFair at Hong Kong FinTech Week demonstrate how much value Irish FinTech companies can deliver to partners worldwide,” said Humphreys. “It’s heartening to see recognition from companies the world over for the Irish FinTech advantage.”
Know Your Customer helps to quickly and accurately identify and verify companies and individuals prior to client on-boarding. KYC’s client identity verification solution helps with compliance, risk and client on-boarding functions, ensuring companies can accurately and confidently conduct their KYC and AML functions.
The KYC product suite comprises; Identify by KYC, which delivers the ‘experience customers deserve’ while ensuring 100% KYC and AML compliance for businesses. Its suite also includes Corporate Validate by KYC, a fully integrated KYC/AML solution that automates the KYC process for corporate entities
Earlier this year, the RegTech raised €250,000 to expand into key Asian markets, particularly mainland China, Hong Kong and Singapore.
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