Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Kyckr (KYK) has signed a contract with an unnamed global top 15 life assurance company
  • The 12-month rolling contract will integrate Kyckr’s solution into its customer platform, to provide users with a single access point to manage all aspects of the client lifecycle
  • The value of this contract has not been disclosed but the contract represents the first life assurance investment management sector to join Kyckr
  • KYK says this contract supports its strategy to expand into other markets and industries
  • The company says it continues to have constructive discussions with other parties, despite COVID-related delays
  • Kyckr is down 1.75 per cent, trading at 5.6 cents

Kyckr (KYK) has signed a contract with a global top 15 life assurance company.

Kyckr is a business-to-business information services company that aggregates, organises and structures data to help businesses reduce the risks associated with counterparty relationships.

The 12-month rolling contract will integrate Kyckr’s solution into its customer platform, to provide users with a single access point to manage all aspects of the client lifecycle. This will highlight changes to a corporate client’s profile as soon as they occur, directly from the source.

The value of this contract has not been disclosed but the contract will mark the first life assurance investment management sector to join Kyckr.

The company says this contract supports its strategy to expand into other markets and industries.

“We are extremely pleased to have signed a contract with a top global life assurance firm,” said Kyckr CEO, Ian Henderson.

“The nature of the work further validates the ever-growing demand for Kyckr’s capabilities and services supplying real-time access to company registry information. The need for reliable and up to date know your customer information is increasing; and with our services, we look forward to providing our new client accurate and legally reliable company information at their fingertips”.

The CEO also says the company continues to have constructive discussions with other parties, despite COVID-related delays.

Kyckr is down 1.75 per cent, trading at 5.6 cents at 9:45 am AEDT.

KYK by the numbers
More From The Market Herald
Identitii Limited (ASX:ID8) - Former CFO, Trent Jerome

" Identitii Limited (ASX:ID8) announces CFO resignation

Identitii Limited (ID8) has announced the resignation of its Chief Financial Officer (CFO) Trent Jerome.
Credit Clear (ASX:CCR) - Group CEO, David Hentschke

" Credit Clear (ASX:CCR) announces expansion in New Zealand market

Credit Clear Limited (CCR) has announced an increased distribution of its digital platform in New Zealand.
PlaySide Studios (ASX:PLY) - CEO & Managing Director, Gerry Sakkas

" PlaySide Studios (ASX:PLY) partners with OTK to co-develop a PC-based game

PlaySide Studios (PLY) has partnered with One True King (OTK) to co-develop an upcoming version of a multiplayer PC-based title.
Aurora Labs (ASX:A3D) - CEO, Peter Snowsill

" Aurora Labs (ASX:A3D) raises $3m in share purchase plan

Aurora Labs (A3D) has raised $3 million from a share purchase plan (SPP) which closed on November 26, 2021.