Experian, a global data and technology leader specialising in analytics and decisioning solutions, has announced its acquisition of KYC360.
The deal marks a significant expansion of Experian’s fraud prevention and financial crime capabilities in the UK and Ireland.
The acquisition aims to enhance Experian’s existing compliance and risk management offering by integrating KYC360’s advanced Know Your Customer (KYC) and Know Your Business (KYB) technology into its Ascend platform. Although the financial terms of the deal were not disclosed, the move underscores Experian’s commitment to developing cutting-edge tools that streamline onboarding and strengthen financial crime defences.
KYC360, founded by financial crime compliance expert Stephen Platt, provides technology that enables businesses to manage KYC and KYB processes efficiently. Its end-to-end CLM solutions automate onboarding, screening, and ongoing monitoring of customers and counterparties, helping financial institutions maintain accurate records and reduce regulatory risk.
Experian, which operates across multiple markets including credit scoring, analytics, and decisioning, supports millions of individuals and businesses worldwide. By acquiring KYC360, the company plans to enhance its financial crime prevention portfolio, particularly in client verification and transaction monitoring. From next year, KYC360’s capabilities will be available directly through Experian’s Ascend platform, providing clients with faster onboarding, streamlined compliance workflows, and reduced operational costs.
The integration of KYC360’s technology will allow Experian’s clients to benefit from a more frictionless compliance experience while improving fraud detection and ongoing customer monitoring. This acquisition also highlights Experian’s growing investment in RegTech innovation to meet evolving regulatory demands.
Experian UK&I CEO Malin Holmberg said, “We’re excited to celebrate this major milestone as it reinforces our commitment to providing innovative solutions in the fight against financial crime. The addition of KYC360 significantly boosts our capabilities, allowing us to deliver even greater value to our clients and accelerate our growth. We are delighted to welcome the KYC360 team and look forward to achieving great things together.”
KYC360 founder and CEO Stephen Platt said, “We are thrilled to be joining the Experian group. This partnership provides a tremendous opportunity to drive innovation in the fight against financial crime, helping to protect even more clients and their customers. Together, we are committed to ensuring that the customer experience remains seamless, while setting new standards for security and compliance in the industry.”
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