Equiniti acquires Risk Factor and KYCnet
Guy Wakeley, CEO of Equiniti
Equiniti Group has completed the purchase of Risk Factor and KYCnet.
The acquisitions are part of Equiniti’s strategy of buying specialist technology platforms to provide regulation driven services for its clients. Last year it bought Transglobal Payment Solutions, while back in 2012 it acquired investment system supplier Peterevans. It also purchased a UK-based lending software provider, Pancredit, in 2014.
Guy Wakeley, CEO of Equiniti, says: “The challenges of regulation, digitisation and cost reduction are particularly relevant to our client base both in financial services sector and beyond and the acquisition of these scalable platforms will help to meet these needs.”
Risk Factor, based in the UK, is a provider of fraud analytics software for commercial finance lending that complements Equiniti’s other control risk capabilities.
Netherlands-based KYCnet is a know your customer (KYC) technology and services provider which helps organisations verify and on-board their customers. It provides workflow technology for commercial and retail clients and offers anti-money laundering (AML) applications across financial services.
