Join our daily newsletter At The Bell to receive exclusive market insights
- Business-to-business information services company Kyckr (KYK) has partnered with BAE Systems Applied Intelligence
- BAE is a proven enterprise solution provider of advanced analytics
- Kyckr, through the partnership, aims to address anti-money laundering and compliance challenges facing regulated firms by delivering accurate customer due diligence solutions
- The partnership will empower mutual customers to benefit from Kyckr’s network of over 180 registries and 170 million entities across 120 countries
- According to Kyckr, businesses regulations are increasingly demanding reliable, up-to-date KYC information
- The company says it is experiencing growing demand for its capabilities and services, which supply real-time access to company registry details
- Kyckr shares are up 19 per cent, trading at 6.9 cents each
Business-to-business information services company Kyckr (KYK) has partnered with BAE Systems Applied Intelligence.
BAE is a proven enterprise solution provider of advanced analytics.
Kyckr, through the partnership, aims to address anti-money laundering and compliance challenges faced by regulated firms by delivering accurate know-your-customer (KYC) and customer due diligence solutions.
Further, the partnership will empower mutual customers to benefit from Kyckr’s network of over 180 registries and 170 million entities across 120 countries.
BAE Product Director Peter Fisher said achieving a competitive advantage will involve providing a frictionless customer journey while minimising risk.
“Partnering with Kyckr enables the automated screening of corporate records data within our NetReveal customer due diligence solution,” he said.
“The result is effective investigations, better detection and ultimately, a smoother end customer experience,” Peter added.
According to Kyckr, business regulations are increasingly demanding reliable, up-to-date KYC information.
Kyckr says it is therefore experiencing growing demand for its capabilities and services, which supply real-time access to company registry details.
Kyckr’s Head of Partnerships, Myles McLaren, commented “We are delighted to be partnering with BAE Systems Applied Intelligence to provide live registry data to their end customers, improve KYC capabilities via enhanced access to our registry network and bring the best solution to their customers.”
“We look forward to continuing to provide leading services in KYC compliance,” Myles added.
Kyckr shares soared 19 per cent higher on Wednesday, trading at 6.9 cents at 2:14 pm at AEDT.
