SEPA Cyber Technologies adopts kompany’s audit-proof Business KYC (KYB) verification solution
VARNA, Bulgaria, 27.11.2019
SEPA Cyber Technologies, a Fintech provider of online banking solutions, has signed an agreement with kompany to offer its global Business KYC (KYB) verification service to its customers. By integrating kompany’s Brex API into its own platform, clients of SEPA Cyber Technologies will be able to access audit-proof KYB data for over 110 million companies in 200 jurisdictions worldwide.
The EU’s 5th anti money-laundering directive, due to be implemented in January 2020, continues to increase the burden of proof on companies to show their KYB checks are based on original and up-to-date data. The new business partnership between the SEPA Cyber Technologies and kompany empowers customers to access legally reliable information that comes directly from a primary source, is time-stamped and of guaranteed integrity.
SEPA Technologies’ Marvin Blazhevski said: “This is a defining moment for SEPA Cyber Technologies, and part of our on-going mission to collaborate with companies that share our vision of servicing customers with the most innovative technology. We are delighted to announce our new relationship with kompany, which will offer industry-leading Business KYC solutions to our customers”.
kompany’s Founder and CEO, Russell E. Perry added: “We are very happy to work with SEPA Cyber Technologies, whose customers will be able to use our unique proprietary network to not only stay on the right side of stricter AML legislation, but also transform the efficiency of their compliance processes to create competitive advantage”.
About SEPA Cyber Technologies
SEPA Cyber Technologies (sepa-cyber.com) developed its CoreX® banking system into which the SEPA MuSe® (Multi Service Gateway) platform is integrated. It provides cost-effective, white label solutions for banking, finance, government and retail sectors which are reliable, scalable and secure. SEPA Cyber Technologies has a strong focus on strengthening its already existing KYB compliance services which are now powered by kompany. For more information please visit: sepa-cyber.com
kompany is the leading RegTech platform for Global Business Verification and Business KYC (KYB) providing audit-proof, primary source and time stamped company information in real-time. It is headquartered in Vienna, Austria and has offices in Singapore and the UK. Since its founding in 2012, kompany has attracted a unique pool of top developers, regulatory experts, and product managers from around the world. It is a government licensed clearing house and official distributor for commercial and business registers in multiple countries worldwide.