Traditional Know Your Business (KYB) processes often stall after document collection, forcing compliance teams into manual verification loops. Strise, a leader in anti-money laundering (AML) automation, now partners with Kyckr, a global provider of real-time business registry data, to transform KYB workflows. This collaboration eliminates tedious document cross-checks, replacing them with instant verification, AI-driven discrepancy alerts, and end-to-end automation—slashing onboarding timelines from days to minutes.
Why Legacy KYB Tools Fall Short
Most KYB platforms automate document retrieval but leave teams to manually:
- Compare records across sources
- Hunt for missing data
- Resolve mismatches
The Strise-Kyckr integration solves this by embedding live registry data from 300+ global sources directly into Strise’s AML platform. Compliance teams instantly access verified company details, while AI cross-references declarations, internal databases, and registries to flag inconsistencies in real time.
“This partnership removes the guesswork,” says Edward Bragg, Partner Lead at Strise. “We’re not just fetching documents—we’re analyzing data to give compliance teams clear, actionable insights about who they’re dealing with.”
Seamless Workflows, Global Compliance
Strise’s updated KYB dashboard now includes:
- Pre-Built Compliance Checklists: Auto-populated with harmonized data from registries, sanctions lists, and PEP databases.
- One-Click Verification: Instant cross-checks against Kyckr’s real-time registry data (e.g., UK Companies House, EU registries).
- Automated Discrepancy Alerts: AI identifies mismatches in ownership, addresses, or legal status, enabling rapid resolution.
For multinational firms, the solution ensures compliance across jurisdictions:
- UK/EU: Direct API integration with official registries.
- Global Coverage: Kyckr’s network spans 300+ registries, including the U.S., APAC, and Africa.
Cost Savings & Faster Onboarding
By consolidating tools and automating workflows, businesses reduce operational costs and accelerate customer onboarding. Analysts resolve issues within the platform, avoiding time-consuming switches between systems.
“Regulators demand accuracy and speed,” notes Steve Lamb, COO of Kyckr. “Together, Strise and Kyckr turn KYB into a competitive edge—not a compliance burden.”
The Future of Frictionless Compliance
As regulatory scrutiny intensifies, the partnership underscores a shift toward:
- Unified Platforms: Eliminating fragmented compliance tech stacks.
- Proactive Risk Management: AI detects anomalies before they escalate.
- Scalability: Supporting growth without expanding compliance headcount.
With this integration, Strise and Kyckr set a new standard: KYB that works smarter, not harder.
—————————————————————————————————
About Innovation Streets:
Welcome to InnovationStreets.com! Get the latest insights from the finance and technology industries. Discover industry updates on fintech innovations, regulatory developments, industry insights, events, and collaborations between banks, insurers, and fintechs. A platform for C-level executives to submit thought leadership content for their peers. Subscribe for updates!
