Experian has acquired KYC360 to enhance its financial crime compliance capabilities in the UK and Ireland.

Target Information

Experian has announced the acquisition of KYC360, a prominent player in the regulatory technology landscape, specifically focused on financial crime prevention and compliance solutions. KYC360 specializes in anti-financial crime technology that aids businesses in fulfilling compliance requirements while improving operational efficiency. With its suite of Customer Lifecycle Management (CLM) solutions, KYC360 facilitates comprehensive customer onboarding, screening, and ongoing data maintenance for a variety of organizations, particularly in financial services, insurance, legal, gaming, and telecommunications sectors.

Through this acquisition, Experian aims to leverage KYC360's innovative technology to enhance its capabilities in fraud prevention and financial crime compliance in the UK and Ireland. This strategic integration will not only bolster Experian's existing offerings but also create a more cohesive and powerful platform to support clients throughout the entire customer lifecycle.

Industry Overview in the UK

The financial sector in the UK is undergoing a significant transformation, driven by the increasing need for robust compliance measures in the face of rising financial crime and fraud. As regulations tighten, organizations are compelled to enhance their Know Your Customer (KYC) a