Alloy, a NewYork-based identity decisioning platform for banks has partnered with Kyckr, a leading KYC and KYB real-time data management platform for businesses. The partnership has opened doors for Alloy’s existing 250+ clients to enjoy streamlined KYB (Know Your Business) through the powerful KYB tool of Kyckr internationally. These clients also include renowned firms like Ramp, Brex, and Carta.
We're thrilled to partner with @kyckr_official to help FIs streamline KYB checks & provide a seamless digital onboarding experience to their customers without increasing their fraud risk: https://t.co/HoTJgk3zzd pic.twitter.com/FPebKr2vgC
— Alloy (@usealloy) March 21, 2023
Edwina Johnson’s Statement
The Head of Global at Alloy Ms. Edwina says, “Due to the rising trends in fraud, global financial institutions find it difficult to onboard customers safely and speedily. Especially, when it comes to global financial operations and customer onboarding, it becomes increasingly difficult to stay compliant and safe at the same time.”
She further added that “The integration of Kyckr and Alloy’s platform will enable seamless and streamlined compliance through digital onboarding experience where businesses and financial institutions shall enjoy KYB tool that minimizes the fraud risk globally.”
Ian Henderson, CEO of Kyckr
On the same occasion, Ian Henderson the CEO of Kyckr said, “Handling the financial crimes is the top priority of financial institutions for which they need to identify the criminals and meet the scrutiny levels of the regulatory authorities. Our partnership with Alloy shall facilitate business clients and individuals to validate their identities remotely and by accessing real-time data registries.”
Further Information
Since last year, over 350 companies have adopted Alloy’s API solution for identity desicioning automation and accessing more than 170 data sets. On the other hand, Kyckr provides over 300 UBO (Ultimate Beneficial Ownership) company registries worldwide. Their partnership is predicted to become a game changer in the KYC and AML compliance field and facilitate financial institutions globally.