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Experian has significantly strengthened its position in the fight against financial crime with the acquisition of KYC360 in the UK and Ireland. This strategic move integrates KYC360's specialized Customer Lifecycle Management (CLM) solutions into Experian's portfolio, enhancing its ability to help clients with Know Your Customer (KYC) and Know Your Business (KYB) processes. The acquisition underscores a commitment to providing more innovative, efficient compliance tools that reduce fraud risk while improving the customer onboarding experience.
Experian has acquired UK-based regulatory technology firm KYC360.
The move enhances Experian's fraud and financial crime compliance capabilities.
KYC360's Customer Lifecycle Management (CLM) solutions will be integrated into Experian's Ascend platform.
The integration aims to optimize compliance, speed up onboarding, and reduce operational costs.
Clients will benefit from a more seamless experience while strengthening their financial crime defenses.
The combined offering is expected to be available from next year.
Know Your Customer (KYC) and Know Your Business (KYB) are critical, ongoing requirements for financial crime prevention. KYC360's suite of solutions is designed to support these foundational pillars by allowing organizations to efficiently onboard, screen, and perpetually maintain accurate customer and business data. This continuous verification across the entire customer base is essential for effective risk management and regulatory compliance in today's dynamic environment.
The core value of the acquisition lies in the planned integration of KYC360's technology into Experian's Ascend platform. This combination is designed to create a more powerful and seamless offering for clients. By bringing these capabilities together, Experian aims to deliver optimized compliance workflows that result in faster customer onboarding, reduced operational overhead, and a lower-friction experience for legitimate customers, all while building stronger defenses against financial crime.
Leadership from both companies highlighted the strategic benefits of the union. Malin Holmberg, CEO of Experian UK&I, stated, “The addition of KYC360 significantly boosts our capabilities, allowing us to deliver even greater value to our clients and accelerate our growth.” Stephen Platt, Founder and CEO of KYC360, commented, “This partnership provides a tremendous opportunity to drive innovation in the fight against financial crime, helping to protect even more clients and their customers.”
Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realise their financial goals and help them to save time and money.
We operate across a range of industries, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
We invest in talented people and new advanced technologies to unlock the power of data and innovate. As a FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 25,200 people across 32 countries. Our corporate headquarters are in Dublin, Ireland.
KYC360 is a recognised player in regulatory technology, focusing on anti-financial crime solutions that help businesses achieve compliance while enhancing their commercial performance.
Its advanced customer onboarding, screening, and lifecycle management solutions are utilised by hundreds of organisations across various sectors, including financial services, insurance, legal, gaming, telecommunications, and industry.
Established by a founder of the International Compliance Association, KYC360 empowers businesses to effectively manage financial crime risk, enabling them to operate more efficiently and deliver an exceptional customer experience.
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