TransactionLink and Know Your Customer forge alliance to revolutionise European business compliance

TransactionLink and Know Your Customer forge alliance to revolutionise European business compliance

TransactionLink, a pioneer in onboarding automation solutions for Know Your Business (KYB), and Know Your Customer, the award-winning Software as a Service (SaaS) ecosystem for Business Know Your Customer (KYC) verification, have announced a strategic partnership.

This collaboration is set to transform the compliance and onboarding processes for financial institutions and regulated businesses across Europe.

The partnership has been formed in response to the growing demand for robust business KYC and KYB procedures. In today’s digital age, it’s crucial for organisations to implement seamless and efficient onboarding processes. Traditional corporate onboarding can be cumbersome, often requiring additional steps such as gathering supplementary user data, conducting anti-fraud checks, and assessing risk levels.

TransactionLink is known for its innovative onboarding automation platform, which simplifies the complex process of integrating various compliance and user verification steps into a seamless workflow. Their technology allows businesses to create comprehensive automated user journeys, enhancing the customer experience while adhering to regulatory requirements.

Know Your Customer, on the other hand, provides real-time access to global registry data through its robust KYC API. This enables businesses to conduct thorough and efficient KYC checks, connecting seamlessly with jurisdictions that are typically challenging to navigate.

The strategic partnership leverages TransactionLink’s powerful onboarding automation with Know Your Customer’s extensive global data coverage. Together, they aim to deliver a streamlined experience for compliance teams and their SME and corporate customers throughout Europe. This collaboration represents a significant step forward in reducing manual efforts and enhancing customer satisfaction in the compliance sector.

TransactionLink CEO & Founder Mateusz Pniewski said, “Choosing Know Your Customer as a strategic partner is very well aligned with our strategy at TransactionLink. Both our and KYC’s missions are to provide our customers with the most comprehensive company data, especially for those with a global-first perspective.

“KYC’s API has truly impressed us with its resilience and speed, effortlessly connecting with jurisdictions that are typically challenging. We’re excited about the collaboration and eager to enhance KYC’s already global data coverage with TransactionLink’s powerful onboarding automation.”

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