FullCircl, a UK-based RegTech firm, is recognised for its innovative approach at the nexus where revenue enhancement meets regulatory compliance.
They have recently formed a strategic partnership with LSEG Risk Intelligence, a prominent player in the global risk assessment landscape. This collaboration is set to revolutionize the way businesses handle identity verification, leveraging a vast network of information providers.
The primary aim of this partnership is to significantly reduce identity fraud risks for regulated businesses while simultaneously improving the customer experience through seamless identity verification processes. This is achieved through enhanced access to a comprehensive array of global data sources.
FullCircl specializes in developing cutting-edge KYC (Know Your Customer) and KYB (Know Your Business) solutions. These solutions are designed to provide accurate and efficient identity verifications, boasting some of the best match rates in the industry. Their sophisticated technology platform offers access to over 400 data sources in more than 50 countries, facilitating quick and authoritative identity checks.
LSEG Risk Intelligence focuses on providing detailed risk assessments and data-driven insights across various global markets. Their expertise lies in compiling and analyzing vast amounts of data related to credit, legal, and identity risks which support FullCircl’s objectives in offering comprehensive identity verification services.
Through this partnership, FullCircl’s customers will benefit from single-point API access to an expanded data ecosystem, which includes sources from government agencies, telecoms, utility providers, and corporate registries across more than 50 key global territories.
This collaboration is particularly timely, as identity fraud now accounts for a significant portion of fraud losses in the UK. By combining their resources, FullCircl and LSEG are setting new standards in data access and verification processes, positioning themselves as leaders in the global RegTech and identity verification markets.
“FullCircl is committed to providing our customers with access to the broadest collection of best-in-class data providers in the market. Our identity verification services already cover 240+ countries. This newly announced partnership with LSEG significantly strengthens our capabilities in over 50 key territories, ensuring every user has single-point access to the tools they need to support embedded identity verification, at every stage of the customer lifecycle. This is a real game-changer for FullCircl and the regulated businesses we work with,” FullCircl Director of Channels and Revenue Partnerships Stuart Boardman said.
“We’re delighted to formalise our relationship with FullCircl, assisting them in helping regulated businesses frictionlessly verify the identities of individuals and legal entities with the highest degree of confidence, thanks to direct, instant access to our deep consortium of global 400+ data sources,” LSEG Head of Digital Identity Daniel Flowe said.
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