Experian acquires KYC360 in the UK, Ireland, terms not disclosed

Experian (EXPGY) announced the acquisition of KYC360 in the UK and Ireland, which will significantly enhance its fraud and financial crime compliance capabilities. Know Your Customer and Know Your Business are foundational pillars of financial crime prevention, requiring organisations to continuously verify and update customer and business information throughout the lifecycle. KYC360’s suite of Customer Lifecycle Management solutions will support these critical processes allowing clients to onboard, screen and perpetually maintain data across the entire customer base. These capabilities will be fully integrated into Experian’s Ascend platform and made available from next year. With KYC360 seamlessly integrated into Experian, clients will benefit from optimised compliance, faster onboarding and reduced operational costs, all of which will create a frictionless experience that also strengthens their financial crime defenses across the entire customer lifecycle.