KYC360, a leading provider of Customer Lifecycle Management (CLM) solutions, has announced a strategic partnership with LSEG Risk Intelligence. The collaboration integrates LSEG’s advanced Identity Verification solutions, formerly known as Global Data Consortium, into KYC360’s platform. This integration enables KYC360’s clients to streamline the process of verifying both individuals and businesses with enhanced efficiency and confidence.
Through this partnership, KYC360 customers will gain instant access to over 400 authoritative data sources across more than 50 countries. This extensive network of global data allows businesses to conduct identity verifications with high levels of assurance, which is crucial for maintaining compliance with increasingly stringent regulatory requirements.
Stephen Platt, Founder and CEO of KYC360, expressed his excitement about the collaboration: “We are thrilled to partner with LSEG Risk Intelligence and give our customers access to their Identity Verification solutions, enabling efficient identity verification and onboarding even at high volumes. This partnership exemplifies how we leverage the best data providers and demonstrates that our world-class partner ecosystem continues to set high standards, enabling businesses to comply and outperform.”
The integration of LSEG Risk Intelligence’s identity verification solutions into KYC360’s platform aims to simplify complex compliance workflows, providing businesses with the tools needed to verify customer identities quickly and accurately. By automating and accelerating the process, the partnership will help organisations improve operational efficiency while reducing the risk of fraud and identity-related issues.
Daniel Flowe, Head of Digital Identity at LSEG Risk Intelligence, also commented on the partnership, saying: “We are excited to partner with the team at KYC360. By combining our industry-leading identity verification solutions and World-Check risk screening with their extensible platform and deep industry experience, together we can solve more problems for more customers than ever before.”
The collaboration represents a significant step forward for both companies, offering businesses the ability to streamline compliance processes and enhance customer onboarding with increased security. KYC360 has long been a leader in providing Customer Lifecycle Management solutions, and with this partnership, the company is further solidifying its position in the marketplace as a trusted provider of compliance and risk management services.
In addition to improving customer verification and onboarding, the integration of LSEG’s risk screening tools into the platform will allow KYC360’s customers to better manage financial crime risks. This will help organisations to comply with anti-money laundering (AML) regulations and other legal obligations while mitigating the potential for financial crime exposure.
By combining cutting-edge data solutions with deep industry expertise, KYC360 and LSEG Risk Intelligence are poised to offer businesses a comprehensive solution for meeting the growing demands of global compliance. With increasing regulatory pressures and a global shift towards digital transformation, this partnership offers a timely and critical tool for organisations aiming to stay ahead in the rapidly evolving world of financial crime prevention.