LONDON: Experian, the global data and technology company, announced Tuesday it has acquired KYC360, a regulatory technology firm specializing in anti-financial crime solutions, in a move aimed at enhancing its fraud prevention and compliance capabilities across the UK and Ireland.
The acquisition will integrate KYC360’s Customer Lifecycle Management (CLM) suite into Experian’s Ascend platform, enabling clients to onboard, screen and maintain customer and business data more efficiently. The integration is expected to go live next year.
Malin Holmberg, CEO of Experian UK&I, said the deal marks a significant milestone in the company’s commitment to combating financial crime. “The addition of KYC360 significantly boosts our capabilities, allowing us to deliver even greater value to our clients and accelerate our growth,” Holmberg said. “We are delighted to welcome the KYC360 team and look forward to achieving great things together.”
KYC360’s technology supports Know Your Customer (KYC) and Know Your Business (KYB) processes, which are critical for financial crime prevention. Its solutions are used across sectors including financial services, insurance, legal, gaming and telecommunications.
Stephen Platt, founder and CEO of KYC360, said the partnership with Experian will drive innovation and set new standards for compliance. “Together, we are committed to ensuring that the customer experience remains seamless, while helping to protect even more clients and their customers,” Platt said.
Experian, listed on the London Stock Exchange and part of the FTSE 100 Index, operates in 32 countries with a workforce of over 25,000. The company provides data-driven solutions across industries including finance, healthcare, automotive and insurance.