Alloy, an identity decision firm for banks and FinTechs, has partnered with corporate KYC company Kyckr to streamline KYB checks.
According to Alloy, the partnership gives Alloy’s 350+ clients — including Carta, Ramp, and Brex — a powerful tool in performing KYB for companies outside of the US.
The firm added that its partnership with Kyckr comes on the heels of Alloy’s UK launch in February, in which it strengthened its presence in EMEA with key senior hires and office space in London.
Alloy said that over 350 companies around the world use Alloy’s API-based platform to connect to more than 170 data sources, automate identity decisions during account origination, monitor them on an ongoing basis, and make credit underwriting decisions.
Kyckr provides real-time access to aggregated corporate KYC and UBO data from over 300 company registries and primary regulated sources worldwide, helping organisations to avoid the significant regulatory and commercial costs associated with using poor-quality data. The partnership will strengthen Alloy’s ability to help financial institutions overcome the challenges of achieving seamless digital business onboarding on an international basis.
Alloy head of global Edwina Johnson said, “With fraud higher than ever before, finding a speedy but safe way to onboard business customers remains a challenge for many financial institutions, particularly as they look to service clients in multiple global markets.
“Integrating Kyckr into Alloy’s platform will help our clients provide a seamless digital onboarding experience to their customers without increasing the risk of fraud, no matter where in the world they are located.”
Copyright © 2023 RegTech Analyst
Copyright © 2018 RegTech Analyst