LONDON, Aug. 12, 2024 /PRNewswire/
-- FullCircl, a UK-based RegTech which is uniquely placed
at the intersection where revenue meets regulation, has announced a
new partnership with LSEG Risk Intelligence. The partnership
provides instant access to a broad global collection of information
providers supporting document verification, biometric checks and
third-party data validation, helping regulated businesses reduce
identity fraud whilst delivering a superior customer
experience.
As a result of this vital data ecosystem partnership, FullCircl
customers now have single-point API access to 400+ data sources
across 50+ countries, including government credit agencies and
issuing authorities, telcos and utility providers, and corporate
registries, to help verify the identities of individuals and
businesses quickly, efficiently, and with authority.
Identity fraud now accounts for 64% of all
fraud losses in the UK. FullCircl is leading the way
in helping businesses remain compliant, improving the customer
experience and, as a result, gaining a competitive advantage. Its
sophisticated suite of KYC and KYB identity verification solutions
deliver some of the best match rates in the market.
Stuart Boardman, Director of
Channels and Revenue Partnerships at FullCircl, commented:
"FullCircl is committed to providing our customers with access to
the broadest collection of best-in-class data providers in the
market. Our identity verification services already cover 240+
countries. This newly announced partnership with LSEG significantly
strengthens our capabilities in over 50 key territories, ensuring
every user has single-point access to the tools they need to
support embedded identity verification, at every stage of the
customer lifecycle. This is a real game-changer for FullCircl
and the regulated businesses we work with."
Daniel Flowe, Head of Digital
Identity at LSEG said, "We're delighted to formalise our
relationship with FullCircl, assisting them in helping regulated
businesses frictionlessly verify the identities of individuals and
legal entities with the highest degree of confidence, thanks to
direct, instant access to our deep consortium of global 400+ data
sources."
NOTES TO THE EDITORS
For more information please
contact:
Kelly Prior, PR Consultant
Tel: 07730 572878
Email: Kelly@kellyprior.co.uk
About FullCircl:
FullCircl is a B2B SaaS company that brings regulation fully
in-step with customer acquisition, creating better business from
the start. Its global solutions drive revenue growth, keep risk and
compliance in check, and streamline customer onboarding. Its
software, delivered through a platform, API, and suite of
applications reduces the cost to acquire and serve, clears the way
for positive customer relationships, and accelerates profitable
growth.
FullCircl identifies millions of actionable insights daily,
providing a near real-time record of companies, their officers and
shareholders, and the relationships between them. It enables
businesses to verify the identity of corporate entities and
individuals and orchestrate many of the time-consuming checks
needed to conduct customer due diligence during onboarding, such as
KYC, AML and fraud, empowering businesses to satisfy
regulatory requirements and make informed decisions about their
customers. By embedding KYB and KYC from the very beginning of the
customer engagement, FullCircl has compliance solved.
FullCircl was formed following the acquisition by Artesian
Solutions of DueDil and is backed by top tier investors including
Octopus Investments, Notion Capital and Augmentum Fintech. In 2023,
FullCircl acquired W2 Global Data Solutions, strengthening its KYC,
AML, Fraud Detection and identity verification
capabilities. Today, it serves over 500 customers, 15,000+ web
application users, processes over 300 million checks per month and
facilitates the onboarding of 200,000+ customers annually.
fullcircl.com
About LSEG Risk Intelligence:
LSEG Risk Intelligence provides a suite of solutions to help
organisations efficiently navigate risks, avoid reputational
damage, reduce fraud and ensure legal and regulatory
compliance around the globe. From screening solutions through
World-Check, to detailed background checks on any entity or
individual through due diligence reports, and innovative identity
verification, account verification and digital onboarding
services – you can trust us to help you successfully manage
your risk, so you can operate more efficiently, more
effectively and more confidently. Learn more at
lseg.com/risk-intelligence.
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SOURCE FullCircl