Keep up to date with all the latest news and announcements
20 February 2018
On the 20 December 2017, an agreement was confirmed relating to the strengthened EU rules to prevent money laundering and terrorist financing.
The agreement between the presidency and the European Parliament, aims to close down criminal finance without the normal functioning of financial markets and payment systems.
Amending directive 2015/849, the agreed text seeks to balance the need for increased security with the protection of fundamental rights and economic freedoms. Kyckr will be adding EU Corporate Ultimate Beneficial Ownership (UBO) database access in future
The revised text clarifies the position for Corporate Beneficial Owners, and the Beneficial Owners of Trusts. Access to BO registers of trusts will be available on a “legitimate interest” basis.
National BO registers need to hold ‘adequate, accurate and current’ information. In respect to access to their beneficial ownership information, rules that apply to trust and similar arrangements will be comparable to the rules that apply to corporate and other legal entities.
New measures are also proposed for addressing risks linked to prepaid cards and virtual currencies.
For more information on map/availability, get in touch at email@example.com to receive your complimentary UBO update.
To stay up to date with the latest UBO advancements, subscribe to the Kyckr newsletter here.
6 December 2017
Kyckr (ASX:KYK) Chairman, John Van Der Wielen talks about the opportunity in front of the company and current CEO Tesco Bank, Benny Higgins taking up the role of incoming Chairman at Kyckr.
5 December 2017
Kyckr has announced that global banking executive Benny Higgins will join Kyckr’s board of directors as non-executive chair, effective 1 March 2018. Benny brings over 30 years of experience in financial services and global banking to the board and will be instrumental in driving Kyckr’s expansion plans in Europe and the USA.
Benny Higgins is the current Chief Executive Officer of Tesco Bank, Group Strategy Director for Tesco plc and member of the Tesco Executive Committee. He previously held senior roles in investment management, retail and business banking. Benny is a former member of the Group Executive at Standard Life, former Chief Executive of RBS’ retail bank and former Chief Executive of Retail Business at HBOS plc.
Listed on the London Stock Exchange, Tesco plc is a GBP15 billion multinational grocery and general merchandise retailer. Its wholly owned subsidiary Tesco Bank, services over 8.1 million customers, providing a wide range of products and services, including insurance, credit cards, personal loans, personal savings products and mortgages. Under Benny’s leadership, Tesco Bank has grown from humble beginnings to become a major competitor in the banking space in the UK.
Commenting on his appointment, Benny Higgins stated: “I was attracted to the strong commercial potential of Kyckr’s offering and its relevance to the financial services industry. I believe as Chair, my experience will help guide the Company in a successful European and US expansion to support the growing needs of customers, and I’m excited to be a part of the ongoing success of the Company.”
Kyckr’s current Chair, John Van Der Wielen personally recruited Benny into the role and will remain on the Board as an independent non-executive director. John says, “This is a global coup for Kyckr, with the appointment of a deeply experienced global banker and entrepreneur, who has an outstanding reputation within the global banking sector.”
“Benny will provide invaluable guidance to our board and management team, as we pursue our strategic expansion plans in Europe and the US. His significant experience in growing businesses to scale, focus on customer engagement, and deep knowledge of the global banking sector will be a significant advantage to Kyckr and make a real difference to our team. I am more than happy to pass the torch to such a well-respected individual and remain on the board and committed to the long-term success of Kyckr.”
21 November 2017
Ben Cronin, Kyckr Founder & Executive Director (centre) in Singapore. Photo: digitalnewsasia.com
Prudential Singapore has selected Kyckr as one of 3 fintechs for its PRU Fintegrate Partnership program. The program focuses on collaboration with other global fintechs to rapidly develop and deploy digital solutions in the financial sector.
Kyckr was chosen from a shortlist of six finalists based on unique value proposition, alignment with Prudential’s strategy and business requirements, and the potential to deliver a pilot successfully.
Kyckr will now go on to work with Prudential’s mentors and teams to develop a proof-of-concept, tackling insurance related problem statements covered as part of the 2017 Global FinTech Hackcelerator in Singapore. The statements aim to challenge areas such as RegTech, customer engagement and financial inclusion.
Prudential Singapore chief executive officer Wilf Blackburn said Prudential remains committed to fostering greater innovation in the industry through partnership with fintechs. “Collaboration with fintechs is a key pillar of our digital strategy to make insurance simpler and more accessible”, he says.
17 November 2017
Watch Kyckr speak about our innovative technology at day 4 of the Singapore FinTech Festival 2017.
30 October 2017
Kyckr Limited (ASX:KYK) Managing Director, David Cassidy, discusses momentum in the business following key client wins with Fortune 500 companies, strategy and outlook.
2nd November, 2016
The BankTech Asia Fin5ive Challenge was launched with the intention to source five groundbreaking FinTech solutions to showcase at the annual BankTech Asia exhibition and conference in Kuala Lumpur from 8-9 November 2016…..
24th October, 2016
The Canadian Institute Fintech Challenge in collaboration with Matchi and KPMG was launched with the intention to match six of the world’s hottest fintech solutions with the top fintech priorities of some of Canada’s leading Financial Institutions. From a total of 56 qualified entries, Kyckr’s corporate identity blockchain solution was awarded first prize…..
27th September, 2016
The need for advanced automation and real-time customer setup solutions has never been greater. One of the solutions being advanced are cost-effective, automated blockchain solutions for meeting regulatory demands tied with KYC, AML, and CTF…..
15th September, 2016
Kyckr Limited (ASX: KYK) has announced that it has completed phase one of the development of its corporate identity blockchain service, which is being built using the Credits blockchain platform…..
15th September, 2016
14th September, 2016
Kyckr is pleased to announce that it has completed phase one in the development of its corporate identity blockchain service…..
7th September, 2016
Kyckr Limited has successfully completed a listing of its shares on the Australian Stock Exchange, ASX, under the ticker symbol “KYK”…..
7th September, 2016
Kyckr Ltd (ASX:KYK) commenced trading today after a successful IPO raising circa $5 million through the issue of shares priced at $0.20….
1st September, 2016
Kyckr chosen to present at the Premier Event for FinTech Developers forging the future of financial, banking & payments technology….
26th July, 2016
Kyckr CEO interview with Marty Switzer. Switzer Daily provides expert insights into business, finance, investing and politics….
21st July, 2016
A real-time platform provider with access to 153 business registers has developed a blockchain-based global real-time identity verification….
14th July, 2016
Kyckr Limited (ASX:KYK) Managing Director, David Cassidy discusses the corporate data provider’s offering, business model and opportunity ahead of its IPO….