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Written by Julia Prkna
on July 27, 2021

Going global has never been easier: AsiaVerify and kompany partner to facilitate safer international business

Singapore RegTech innovator, AsiaVerify is proud to announce its partnership with global RegTech leader, kompany. The collaboration brings together the best in business verification technology to connect the East and West, saving clients time and money while enabling them to confidently expand into new markets.

As cross border compliance continues to be a time consuming and complicated task for many organisations around the world, regulatory requirements are simultaneously intensifying. New anti-money laundering laws throughout Asia are increasing the penalties for non-compliance as well as the requirements to be considered compliant. Therefore, both the monetary cost and reputational damage of non-compliance, makes trustworthy, up-to-the-second online business verification mission critical for organisations looking to accelerate competitiveness in their markets.

kompany CEO and Founder Russell E. Perry explains, “Too often we see teams building their Know-Your-Business processes on a foundation of company information that is incomplete or out-dated, exposing their organisations to significant risk. With kompany’s global register network at their disposal, clients of AsiaVerify are granted live access to primary source data on more than 115 million companies across 200 jurisdictions, ensuring business verification is always based on the most truthful, audit-proof information available.”

AsiaVerify is cementing its reputation as Asia’s most trusted business verification provider with unrivalled primary source access across the APAC region. Headquartered in Austria with offices in London, New York, and Singapore, kompany is the world leader for Global Business Verification and Business KYC (KYB).

Together, the two industry leaders complement each other to provide more clients around the world instant access to the highest quality, authoritative data and local expertise; all fully translated and in real-time.

Commenting on the partnership, AsiaVerify CEO Ficoal Dong said today, “We share a commitment to providing our clients the most effortless user experience with vastly improved business intelligence to keep your business flowing smoothly in an international context. In short, putting our clients ahead of the game.”

The two RegTechs are now working together to build a single KYB compliance blueprint across the APAC region.

“We are proud to partner with the KYB experts, kompany, as their Asia business verification partner of choice. By offering an expanded array of verification checks and data sources to provide our clients with enhanced global market reach and confidence. Going global has never been easier.” Finished Mr Dong.

About AsiaVerify

Incorporated in Singapore in April 2019, UNSD Information Technology Pte Ltd, trading as AsiaVerify, is a RegTech company focused on building an automated, simplified and streamlined solution for risk mitigation and compliance systems in an effort to increase trust and safety when you are doing business in Asia.

AsiaVerify provides an online platform with accesses to the most legally authoritative and compliant sources, to instantly verify businesses, consumers and employees online. AsiaVerify's instant verification service helps users to streamline workflows for Know Your Business (KYB), Know Your Customer (KYC), Anti-Money Laundering (AML), Employment Background Screening and other compliance challenges.

AsiaVerify's solution leverages Natural Language Processing (NLP), Optical Character Recognition (OCR) and Artificial Intelligence technologies to provide a reliable and trustworthy way for users to evaluate new and existing business entities, customers and employees in real time.

About kompany

kompany is the global RegTech platform for business verification and Business KYC (KYB) for AML compliance. Its four product lines (KYC API, KYC workspace, UBO discovery® and KYC onchain) provide financial institutions, payment providers, and insurers the tools required for Business KYC (KYB).

Founded in 2012, kompany is an alumnus of Mastercard Start Path, Plug and Play FinTech, and the Oracle Scale Up programme. It is headquartered in Vienna, Austria with offices in London, New York, and Singapore.

kompany is a government licensed clearing house of registers with real-time access to commercial registers, financial authorities and tax offices worldwide. Find out more at kompany.com, or follow them on Linkedin.

kompany is backed by Fairway Asset Management, Global Brain, European Super Angels Fund, Elevator Ventures, UNIQA Ventures and Hermann Hauser Investment.

Find out more at kompany.com, or follow on LinkedIn.

For further information please contact:
Jan Pieter Zuijderduijn
Global Head of Marketing
+ 43 (0) 699 150 45452

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