Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology (RegTech) company is pleased to announce that it has extended contracted services to Bank of Ireland for a period of three years. Kyckr provides services to Bank of Ireland through the prime contracting party, NTT Services. This agreement extends services to September 2021.
The agreement covers the provision of data to facilitate Corporate Know Your Customer Due Diligence (KYC DD) Services, including onboarding new customers and on-going monitoring of corporate customer information through Kyckr’s Company Watch service. Kyckr will look to use this agreement as a platform to provide additional Kyckr solutions.
Bank of Ireland, a leading Irish bank, has been an early adopter and enterprise client of Kyckr since 2015. Kyckr’s Executive Chairman, Benny Higgins said, “We are delighted to extend our contract to provide services, there is no better validation from a client than the extension of services for a further term. Bank of Ireland was our launch enterprise customer and we look forward to continuing to provide leading services in KYC compliance.”