KYC360 Announces Networked KYC Solution

Published on Aug 12, 2024

London, 12 August 2024 – KYC360, a leading provider of Customer Lifecycle Management solutions that empower organisations to comply and outperform, is proud to announce Networked KYC (nKYC). This innovative solution, currently in the development phase, streamlines the onboarding process between multiple parties and decreases time to revenue. 

nKYC simplifies and streamlines the process for customers being onboarded by multiple service providers such as law firms, banks and Trust or Corporate Services providers (TCSPs). By facilitating secure data sharing between different parties in the onboarding chain, nKYC removes friction and eliminates the need for manual rekeying of data.

KYC360 is delighted to be working on another milestone innovation. Networked KYC removes significant barriers for firms and this allows TSCPs to benefit from a reduced time to revenue as setting up a new structure for a customer can be done in as little as a week compared to the usual timeline measured in months. Customers benefit from a smoother onboarding experience and this efficient process becomes a key competitive differentiator for banks and firms involved in the onboarding chain.
Stephen Platt, Founder and CEO of KYC360

 

Our established relationships with banks, professional services firms and TCSPs make us the ideal choice for a seamless onboarding process. Any business that collaborates with introducers or intermediaries to gather KYC data can benefit from this solution.  

 

About KYC360: 

At KYC360 we believe that customer onboarding, screening and perpetual KYC should be done at the speed of business. Our end-to-end SaaS Platform manages all aspects of customer lifecycle management from creating the right first impression with rapid risk-based onboarding, through to award-winning screening and KYC refresh at the same time as delivering even higher levels of compliance assurance. 

Compliance was a brake. Now with KYC360’s solutions it can be an accelerator allowing you to be fully compliant while doing more, better business, faster.  

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