Alloy teams up with Kyckr to simplify KYB checks for global firms #

Alloy, the Identity Decisioning Platform that serves banks and fintech firms, has announced a collaboration with Kyckr, a corporate KYC provider that offers real-time data on prospective and current customers and suppliers. This partnership offers Alloy’s 350+ clients a potent tool to streamline their KYB checks for firms situated outside the US, such as Carta, Ramp, and Brex.

Edwina Johnson, Global Head at Alloy, said, “Finding a fast yet safe way to onboard business customers remains a challenge for many financial institutions, especially as they cater to clients in multiple markets. Integrating Kyckr into Alloy’s platform will enable our clients to deliver a seamless digital onboarding experience to their customers globally, without raising the risk of fraud.”

Kyckr provides real-time access to aggregated corporate Know Your Customer (KYC) and Ultimate Beneficial Owner (UBO) data from over 300 company registries and primary regulated sources worldwide. The partnership will help financial institutions reduce regulatory and commercial costs by avoiding the use of poor-quality data.

Ian Henderson, CEO of Kyckr, remarked that the collaboration with Alloy will enable its customers to validate companies' status at the relevant corporate register in real-time, assisting them in avoiding the significant regulatory and commercial hazards associated with using subpar data.

Alloy’s alliance with Kyckr follows the former’s UK launch in February, which boosted its presence in EMEA with key senior hires and an office in London. The platform first extended to 40 countries in 2022, and today over 350 companies around the world use it to automate identity decisions during account origination, make credit underwriting decisions, and connect to more than 170 data sources of KYC/KYB, AML, credit, and compliance data via a single API.