PORTLAND: LegitScript, a leader in merchant and product certification and monitoring, announced Tuesday the acquisition of Kompliant, a compliance orchestration platform for banks and financial services providers.
The strategic acquisition combines LegitScript’s risk intelligence, which uses artificial intelligence and market data, with Kompliant’s automated compliance software. The move aims to address inefficiencies in how payments companies manage merchant onboarding and risk.
Many companies struggle with outdated, siloed processes that can slow down merchant approvals and increase risk, according to a statement from LegitScript. The integrated platform is designed to create a unified suite of products to streamline these operations across the payments ecosystem.
“This acquisition represents a major step forward in our mission to make the internet and payments ecosystem safer and more transparent,” said Scott Roth, CEO of LegitScript. “We are not just improving compliance – we are fundamentally redefining how payments companies manage risk and confidently scale growth.”
For over 15 years, LegitScript has provided risk detection in more than 60 high-risk areas, offering data on merchants, ad platforms and marketplaces. Kompliant’s technology is designed to reduce onboarding time and ensure compliance through automated verification and monitoring.
“Joining forces with LegitScript accelerates innovation and allows us to deliver global scale and unmatched data-driven insights to clients,” said Leo Patching, CEO of Kompliant.
Financial terms of the deal were not disclosed.