I haven’t just joined Kyckr for the opportunity to help grow a promising business. I wanted to help Kyckr transform the way businesses in finance and beyond use corporate data to bulletproof their compliance and KYC processes and drive new revenue. Kyckr is at the precipice of an enormous transformation within the RegTech and KYC industries.
My journey to Kyckr
Having worked in banking for decades, I have seen the struggles that banks and other regulated businesses face with their KYC, AML, and CTF obligations. In my time working in executive roles at Barclays Wealth Private Banking, RBS International, Shawbrook Bank, and others, these issues have remained top of mind. Kyckr provided an opportunity I could not miss – the chance to lead an organization that was on a path to create real change in regulated industries that desperately needed it.
What makes Kyckr special
Challenges in KYC, AML and CTF consistently rank among the most serious frustrations faced by executives today, and the effect trickles down to everyone within the industry. Without reliable compliance processes in place, businesses not only struggle to meet their regulatory obligations, but also leave revenue on the table. Kyckr is on track to evolve from a data provider into a true RegTech partner, one that not only guarantees real-time access to legally authoritative, primary source data to please regulators but also helps businesses to digitally transform their compliance and KYC processes via innovative RegTech solutions.
The evolution of Kyckr
Kyckr stands apart from traditional data providers, who buy, collect, and store data that naturally can become outdated fast. Kyckr provides a single interface that connects customers directly to more than 180 corporate registries in real-time. This means that Kyckr’s data is always up-to-date, from the primary source – therefore always trustworthy.
While others are only now beginning to recognize the importance of primary source data, Kyckr has operated in this space for the last decade. As the competition plans to spend the next few years catching up to where Kyckr started, we are already looking ahead at new ways to help regulated firms to solve their compliance challenges.
The future of Kyckr and compliance
Kyckr’s evolution has already begun to spark changes within the compliance and KYC processes of regulated firms, but this is only the beginning. The technologies and philosophies driving Kyckr’s growth have enabled us to act as the go-to partner for enriched corporate data services in finance, insurance, payments and other regulated industries, where data fidelity is essential.
Looking to the future, Kyckr is uniquely positioned to lead the transformation and growth of this new market. Others will spend the next few years learning the same lessons Kyckr learned years ago. As for us, we will build upon our experiences and knowledge to create new solutions for the evolving problems of the compliance world.