ASX-listed regulatory software and services provider Kyckr has named illion Australia as its first ever reseller in Australia and New Zealand.
Established in 2007 in Europe, Kyckr was initially called Global Business Registries (GBR) providing streamlined access to European company registries.
The business then moved onto becoming an intelligence provider listing on the Australian Securities Exchange in 2016 and rebranding to Kyckr.
The non-exclusive deal will see illion provide Kyckr's technology and solutions to existing and new customers across A/NZ. The vendor's Verify & Validate and Company Watch solutions will complement Illion’s existing solutions, adding enhanced functionality through data cleansing, remediation and ongoing customer monitoring from over 200 global registries, according to Kyckr.
“We are excited by this opportunity to integrate Kyckr’s global legally authoritative KYC information with illion'sleading Australian and New Zealand data sets, automated decision and visualisation solutions," illion CEO Simon Bligh said.
"In so doing, we will expand the capability of our existing class leading AML/KYC [Anti Money Laundering and Know Your Customer] digitised on-boarding and ongoing customer due diligence solutions to automatically assess global ownership structures.”
Melbourne-based illion is a data and analytics services provider which employs approximately 1,000 people across A/NZ. Its customers include major and mid-tier banks.
“The agreement aligns with our focus to create relationships encompassing global data providers and commercial credit bureaus, enabling us to fast track our exposure to new customers and revenue growth channels," Kyckr CEO Ian Henderson said.
“Accessing legally authoritative Know-Your-Customer information direct from registries offers firms an effective process for customer verification to help prevent money laundering and financial crime."
"The agreement is strong validation from illion and reinforces us as a trusted provider for global registry information. We believe this agreement will present opportunities to expand our footprint even further,” Henderson added.