In a whirlwind twelve months, London-based RegTech firm FullCircl has gone from strength to strength. Starting the period by acquiring W2 Global Data, the company has rounded off a successful year by being bought out itself by global banking solutions giant nCino.
Speaking to FinTech Global, Andrew Yates, CEO & Co-Founder at FullCircl discussed its mission to streamline onboarding for regulated industries, how it has been enhanced by the W2 Global Data acquisition, the key findings from its State of Identity Verification report, and that all important nCino buyout.
The W2 Global Data Acquisition
In late 2023, FullCircl acquired W2 Global Data to strengthen its compliance tools, integrating identity verification (KYC), anti-money laundering (AML), and fraud prevention capabilities.
CEO Yates called the acquisition a “fabulous success,” citing its seamless integration into FullCircl’s platform. This move culminated in the development of the Onboarding White Label (OWL), an end-to-end solution for efficient, branded onboarding.
Insights from the 2025 Identity Verification Report
The company’s 2025 State of Identity Verification Report revealed critical challenges in balancing speed and compliance in onboarding processes.
Yates noted the disparity between consumer expectations and actual onboarding times as a key insight.
“Speed should never come at the expense of compliance,” he emphasised, highlighting FullCircl’s role in bridging this gap with actionable solutions.
nCino Acquisition
nCino’s $135m acquisition of FullCircl in 2024 marked a significant milestone for the firm. The deal enhances nCino’s banking solutions by integrating FullCircl’s expertise in onboarding, compliance, and monitoring.
“We now have plentiful resources to continue accelerating ideas,” said Yates, as the combined team expands from 90 to over 300.
Future Initiatives
FullCircl is now focusing on three initiatives. Pro Banker offers banks a unified view of customer activities across institutions, enabling faster lending decisions and proactive client support.
Smart Onboard leverages W2’s verification tools to offer white-labeled solutions, enhancing the customer experience. Additionally, advanced monitoring capabilities are in development to improve risk management and retention.
Yates summed up FullCircl’s vision: “We are uniquely placed at the intersection where revenue meets regulation.”
With these developments, FullCircl is poised to further reshape financial services through innovative, customer-centric solutions.
Watch the full interview with Andrew Yates above.
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