Digital identification options supplier Signicat has teamed up with information specialist AsiaVerify.
The strategic partnership will assist companies trying to increase from Europe to Asia, and vice versa, meet native regulatory compliance necessities as regards to KYC, KYB, and UBO.
Headquartered in Norway, Signicat made its Finovate debut at FinovateEurope 2017 in London.
Digital identification and fraud prevention options supplier Signicat has cast a strategic partnership with APAC-region information specialist AsiaVerify. The partnership will allow Signicat to increase its attain throughout the Asia-Pacific area, serving to companies adjust to native rules as they search to increase their operations from APAC to Europe and from Europe to APAC.
“Our globally compliant digital identification options allow us to assist our clients’ enlargement wants wherever they develop,” Signicat Chief Product and Advertising Officer Pinar Alpay mentioned. “This partnership enriches our capabilities within the Asia-Pacific, providing our purchasers extra localized information to increase confidently into this high-growth market whereas sustaining compliance with regional and world requirements.”
AsiaVerify is Signicat’s first APAC-specific information supplier, providing real-time entry to authoritative information from official sources in nations like China and Singapore. The partnership will assist companies trying to enter the APAC area by making it simpler for them to navigate, handle, and adjust to typically complicated native regulatory necessities.
AsiaVerify supplies real-time entry to important information from trusted sources to assist Know Your Buyer (KYC), Know Your Enterprise (KYB), and Final Useful Possession (UBO) identification in firms all through Asia. AsiaVerify’s platform delivers immediate entry to translated data from greater than 344 million firms, greater than 106 million alerts together with court docket data and bankruptcies, and greater than 2.9 billion people together with authorities IDs, cellphone numbers, watchlists, and extra.
“Asia presents huge alternatives for progress and enlargement, but it additionally brings distinctive challenges, notably round assembly native regulatory calls for,” AsiaVerify Head of U.Okay. and Europe Joanna Wands mentioned. “Addressing these challenges is on the coronary heart of what we do, and we felt a powerful alignment with Signicat on this shared dedication to addressing business challenges successfully.”
Norway-based Signicat made its Finovate debut at FinovateEurope 2017 in London. Immediately, greater than 13,000 firms all over the world use Signicat’s digital identification options. Signicat’s identification platform manages the whole buyer lifecycle from compliant onboarding and safe login to digital signing and orchestration. The corporate helps 240+ information sources to facilitate enterprise and particular person identification, together with nationwide eIDs, ID doc scanning and biometric verification, in addition to information sources for AML, KYC, and KYB checks.
Final month, Signicat was featured within the first version of Europe’s Lengthy-Time period Progress Champions 2025 printed by Monetary Occasions and Statista. Additionally in October, the corporate unveiled its Open Banking Hub, which supplies companies with a safe and consensual option to confirm a person’s private info by way of their banking account. The Open Banking Hub supplies broader identification verification choices for patrons, and better safety for companies when verifying checking account possession, affordability, or account info.
Based in 2007, Signicat is led by CEO Asger Hattel.
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Picture by Avonne Stalling
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