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Written by Jackie Whiting
on April 12, 2021

kompany and DueDil announce partnership to create best-in-class international KYB compliance and in-life monitoring platform

Financial service providers face the dual challenge of having to adapt to rapidly changing behaviour while meeting increasingly stringent regulations aimed at combating fraud and money laundering. The partnership between DueDil and kompany looks to resolve this challenge by offering a single platform for banks, FinTechs and insurers to manage digital KYB compliance and proactive customer monitoring on a global scale.

“Until now, financial service providers have had to access multiple data sources, interpret that information and integrate it into existing workflows at considerable cost and with limited success. This partnership will provide a single platform to access authoritative and contextualized KYB information and make it readily available via our best-in-class API. kompany’s real-time global register network is a fantastic complement to the insight provided through the DueDil Business Information Graph (B.I.G.)™. ” Justin Fitzpatrick - CEO, DueDil

“We are committed to delivering company data with the highest veracity directly from the primary source. Our partnership with DueDil will allow us to combine the strength of our platforms to offer our clients a larger portfolio of KYB services to achieve AML compliance. The DueDil Business Information Graph (B.I.G.)™ is a powerful addition." Russell E. Perry - CEO & Founder, kompany

Working together, DueDil and kompany aim to reduce the compliance burden on banks, insurers and FinTechs operating globally. Clients will benefit from DueDil’s best in class company insights and API, leveraging kompany's unparalleled access to authoritative and audit-proof business information in more than 200 jurisdictions around the world.

“Traditional KYB checks are heavily flawed. They place huge pressures on both the customer and the financial service provider to verify and monitor their customer base. Working with kompany we will offer a single access point for best-in-class KYB information from more than 200 jurisdictions globally, making it easier for FinTechs, banks and insurers to onboard customers more quickly, stay compliant and build deeper customer relationships.” Justin Fitzpatrick - CEO, DueDil

Further product announcements are expected in the coming months, and conversations are already underway with a number of global financial institutions looking to benefit from the new partnership.

“The power of DueDil’s Business Information Graph (B.I.G.)™ and kompany’s unparalleled ability to access authoritative information in real-time is an enticing combination for banks and financial institutions at any size. The level of understanding of the global market will be unrivalled and all available through a single platform. This has the potential to reduce cost and increase KYB compliance for financial service providers.” Russell Perry - CEO and Founder, kompany

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 and tax authorities worldwide. Find out more at kompany.com, or follow 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

About DueDil

Founded in 2011, DueDil is a company intelligence platform that delivers insights on every UK and Irish company and the people behind them. DueDil provides a complete view of the UK and Irish market so the SME onboarding process is as robust as it is frictionless. All of this is available in a single KYB for Life platform that ensures compliant onboarding and proactive risk monitoring.

In March 2020 DueDil was named RegTech Partner of the Year for the second year running at the British Banking Awards in recognition for its work transforming the digital customer journey for tens of thousands of UK SMEs. DueDil has a number of well-known clients, including Santander, Metro Bank, Funding Options and TSB Bank.

Investors include Augmentum Fintech plc, Oak HC/FT and Notion Capital.

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