News & Blog

Kyckr announces reseller agreement with illion

Kyckr
September 23, 2019

Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology company, is pleased to announce it has signed a reseller agreement with leading information services provider illion Australia Pty Ltd (‘illion’). 

illion is a leading provider of data and analytics products and services in Australasia. The firm leverages its consumer and commercial credit registries, which comprise data on over 25 million individuals and over 2.5 million active companies. 

Under the agreement, illion will have the ability to resell Kyckr’s market-leading technology and solutions to new and existing customers across the ANZ region. Kyckr’s Verify & Validate and Company Watch solutions will complement illion’s existing propositions, adding enhanced functionality through data cleansing, remediation and ongoing customer monitoring from over 180 global registries.

In addition, the Kyckr API will integrate into illion’s Decision Engine API and partner Ultimate Beneficial Owner (UBO) platform, Simple KYC. 

illion currently delivers data and analytics services to major and mid-tier banks across a broad range of sectors, and coupled with Kyckr’s unique technology, the agreement will aim to accelerate collaboration within these sectors. 

Global high-profile incidents have led regulators from across the world to improve Know Your Customer (KYC) and Anti-Money Laundering policies. The total market for KYC solutions is growing and is expected to reach $16.4 billion in 20231 . Kyckr has one of the largest platforms for Know Your Customer (KYC) and Anti Money Laundering (AML) data globally with over 180 registries, providing company registry information on over 170 million businesses, and ensure clients receive real-time client verification to prevent money laundering and financial crime.

The agreement comes off the recent launch of the new Kyckr online platform www.kyckr.com which provides enhanced functionality for customer verification, improving the overall customer experience. 

Simon Bligh, Chief Executive Officer of illion, commented:

“We are excited by this opportunity to integrate Kyckr’s global legally authoritative KYC information with illion’s leading Australian and New Zealand data sets, automated decisioning and visualisation solutions. In so doing, we will expand the capability of our existing class leading AML/KYC digitised on boarding and ongoing customer due diligence solutions to automatically assess global ownership structures.”

Kyckr Chief Executive Officer, Ian Henderson commented: “We are incredibly pleased to be working with illion, a leading data registries and analytics player, holding Australia’s richest source of commercial and consumer information. 

The agreement aligns with our focus to create relationships encompassing global data providers and commercial credit bureaus, enabling us to fast track our exposure to new customers and revenue growth channels. 

Accessing legally authoritative Know-Your-Customer information direct from registries offers firms an effective process for customer verification to help prevent money laundering and financial crime. The agreement is strong validation from illion and reinforces us as a trusted provider for global registry information. We believe this agreement will present opportunities to expand our footprint even further.”

Kyckr
September 23, 2019

Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology company, is pleased to announce it has signed a reseller agreement with leading information services provider illion Australia Pty Ltd (‘illion’). 

illion is a leading provider of data and analytics products and services in Australasia. The firm leverages its consumer and commercial credit registries, which comprise data on over 25 million individuals and over 2.5 million active companies. 

Under the agreement, illion will have the ability to resell Kyckr’s market-leading technology and solutions to new and existing customers across the ANZ region. Kyckr’s Verify & Validate and Company Watch solutions will complement illion’s existing propositions, adding enhanced functionality through data cleansing, remediation and ongoing customer monitoring from over 180 global registries.

In addition, the Kyckr API will integrate into illion’s Decision Engine API and partner Ultimate Beneficial Owner (UBO) platform, Simple KYC. 

illion currently delivers data and analytics services to major and mid-tier banks across a broad range of sectors, and coupled with Kyckr’s unique technology, the agreement will aim to accelerate collaboration within these sectors. 

Global high-profile incidents have led regulators from across the world to improve Know Your Customer (KYC) and Anti-Money Laundering policies. The total market for KYC solutions is growing and is expected to reach $16.4 billion in 20231 . Kyckr has one of the largest platforms for Know Your Customer (KYC) and Anti Money Laundering (AML) data globally with over 180 registries, providing company registry information on over 170 million businesses, and ensure clients receive real-time client verification to prevent money laundering and financial crime.

The agreement comes off the recent launch of the new Kyckr online platform www.kyckr.com which provides enhanced functionality for customer verification, improving the overall customer experience. 

Simon Bligh, Chief Executive Officer of illion, commented:

“We are excited by this opportunity to integrate Kyckr’s global legally authoritative KYC information with illion’s leading Australian and New Zealand data sets, automated decisioning and visualisation solutions. In so doing, we will expand the capability of our existing class leading AML/KYC digitised on boarding and ongoing customer due diligence solutions to automatically assess global ownership structures.”

Kyckr Chief Executive Officer, Ian Henderson commented: “We are incredibly pleased to be working with illion, a leading data registries and analytics player, holding Australia’s richest source of commercial and consumer information. 

The agreement aligns with our focus to create relationships encompassing global data providers and commercial credit bureaus, enabling us to fast track our exposure to new customers and revenue growth channels. 

Accessing legally authoritative Know-Your-Customer information direct from registries offers firms an effective process for customer verification to help prevent money laundering and financial crime. The agreement is strong validation from illion and reinforces us as a trusted provider for global registry information. We believe this agreement will present opportunities to expand our footprint even further.”

Build your Customer Due Diligence and KYC processes on a robust foundation with Kyckr.

Make data work smarter, not harder.

Request a Demo
Newsletter Sign Up
Book a Demo
Talk to us
LinkedIninfo@kyckr.com
Close
23Q3_ALL_WEB_23.02_Signup_FORM
23Q2_ALL_WEB_14.12_KYC_VS_KYB_Webinar_Replay_FORM
23Q2_ALL_CONF_07.12_AFCSummit_BookAMeeting
23Q2_ALL_WEB_14.12_KYC_VS_KYB_SIGNUP_FORM
Webinar: Spotlight on KYC vs KYB - Why The Difference Is Increasingly Important For Verification
23Q2_ALL_WEB_17.11_Corporate_KYC_Landscape_ReplayRequest
23Q2_ALL_WEB_27.10_Corporate_KYC_Landscape_FINAL_FORM
Whitepaper: AML Bank Fines 2022 Mid-Year Report
Research Paper: The State of Customer Onboarding in Corporate Banking in Australia 2022
Registry Portal Pro
Registry Portal Basic
Registry Portal Essentials
Request API Key
Newsletter Signup
Whitepaper: AML Fines Report 2021
Ebook: The Future Of Financial Crime
Research Paper: Voice of the KYC Compliance Professional
Whitepaper: Corporate Onboarding: will it become a competitive differentiator for banks in a real-time world?
Research Paper: The State of Customer Onboarding in Corporate Banking
Whitepaper: Overcoming the Limitations of Company Registries to Enhance KYC Efficiency
Whitepaper: AML Bank Fines 2020 Report
Whitepaper: Impact of the European Union’s 5th AML Directive
Leverage cutting edge technology to automate customer onboarding
Moving from Periodic to Perpetual KYC
Unleash the power of primary source data & automate customer onboarding
Primary source data, the true foundation of regulatory compliance for Legal Firms
Primary-source data, the backbone of streamlined, “zero-touch” onboarding for Payment Providers
Spotlight on company registries in the wake of the FinCen Papers
Spotlight on US Company Registries
Spotlight on Ultimate Beneficial Ownership
Spotlight on APAC Company Registries
Spotlight on Company Registries in Offshore Jurisdictions
How can automation enhance your KYC and Onboarding Process?
Perpetual KYC – a myth or a must?
Spotlight on 2021 AML Fines
How to Future-Proof your AML/KYC processes with the help of RegTechs?
Webinar Replay: How to overcome the challenges associated with UBOs?
Spotlight On Entry Verification
Registry Portal Enterprise
AMLFines_ReplayRequest_FORM
Replay
Webinar Replay
Book A Demo