Experian, a global data and technology company, has acquired KYC360 in the UK and Ireland, a move intended to significantly enhance its capabilities in combating fraud and financial crime compliance.
Know Your Customer (KYC) and Know Your Business (KYB) are fundamental to preventing financial crime, requiring organizations to continuously verify and update customer and business information throughout their lifecycle. KYC360’s suite of Customer Lifecycle Management (CLM) solutions is designed to support these critical processes, enabling clients to onboard, screen, and perpetually maintain data across their entire customer base.
These new capabilities will be fully integrated into Experian’s Ascend platform and are expected to be available from next year. The integration aims to provide clients with optimized compliance, faster onboarding, and reduced operational costs, fostering a frictionless experience while strengthening financial crime defenses throughout the customer lifecycle.
Malin Holmberg, CEO of Experian UK&I, commented on the acquisition, stating, “We’re excited to celebrate this major milestone as it reinforces our commitment to providing innovative solutions in the fight against financial crime. The addition of KYC360 significantly boosts our capabilities, allowing us to deliver even greater value to our clients and accelerate our growth. We are delighted to welcome the KYC360 team and look forward to achieving great things together.”Stephen Platt, Founder and CEO of KYC360, also remarked, “We are thrilled to be joining the Experian group. This partnership provides a tremendous opportunity to drive innovation in the fight against financial crime, helping to protect even more clients and their customers. Together, we are committed to ensuring that the customer experience remains seamless, while setting new standards for security and compliance in the industry.”Experian, a FTSE 100 Index company listed on the London Stock Exchange (EXPN) with corporate headquarters in Dublin, Ireland, operates as a global data and technology firm that powers opportunities for individuals and businesses worldwide. The company’s work includes redefining lending practices, preventing fraud, and delivering digital marketing solutions, utilizing its combination of data, analytics, and software.
KYC360 is recognized in regulatory technology for its anti-financial crime solutions, which aid businesses in achieving compliance and improving commercial performance. Its advanced customer onboarding, screening, and lifecycle management solutions are currently used by hundreds of organizations across sectors such as financial services, insurance, legal, gaming, and telecommunications. The company was established by a founder of the International Compliance Association.
