KYC360 has been acquired by Experian to boost fraud and financial crime solutions in the UK market

Rothschild & Co’s mid-market team, Arrowpoint Advisory, has advised award-winning compliance SaaS platform, KYC360 on its sale to Experian, which will significantly enhance its fraud and financial crime compliance capabilities.

Know Your Customer (KYC) and Know Your Business (KYB) are foundational pillars of financial crime prevention, requiring organisations to continuously verify and update customer and business information throughout the lifecycle. KYC360’s suite of Customer Lifecycle Management (CLM) solutions will support these critical processes allowing clients to onboard, screen and perpetually maintain data across the entire customer base. 

These capabilities will be fully integrated into Experian’s Ascend platform and made available from next year. With KYC360 seamlessly integrated into Experian, clients will benefit from a frictionless experience with fewer compliance gaps, faster onboarding, and reduced operational costs, all while strengthening their financial crime defenses across the entire customer lifecycle.

Paul Weathersby, Chief Product Officer, Identity & Fraud at Experian UK&I said: “At Experian, our focus is on driving value for our clients, so we are always looking at what we can create or invest in when it comes to combatting financial crime. The addition of KYC360 represents a significant milestone in our journey to enhance our financial crime compliance capabilities. We believe this initiative will enable us to better serve our clients and expand our market reach.”

Stephen Platt, Founder and CEO of KYC360 commented: “We are thrilled to be joining the Experian group. This partnership provides a tremendous opportunity to drive innovation in the fight against financial crime, helping to protect even more clients and their customers. Together, we are committed to ensuring that the customer experience remains seamless, while setting new standards for security and compliance in the industry.”

He continued: “The Arrowpoint Advisory team guided us deftly through these conversations, balancing the high-level strategic considerations with the technical detail, and never losing sight of the overall objective – to help KYC360 continue to flourish. We are delighted with the outcome and can’t speak highly enough of Daniel and his team.”

Daniel Domberger, Managing Director at Arrowpoint Advisory, concluded: “Stephen and his team have built KYC360 to a compelling leadership position in KYC and KYB. We are delighted to have helped them become part of Experian, so they can build on these strong foundations and accelerate the rollout of their innovative products and solutions for combatting financial crime. This is another great GRC transaction on which we’ve advised, coming hot on the heels of the sale of Acin and including previous sales of Smartsearch and Cleversoft.”

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