Kyckr Lands Global Payment Provider Client

Regtech player Kyckr landed a new client today– a leading global payments provider.

Through the agreement, Kyckr will provide its Know Your Customer (KYC) onboarding services to the client, the name of which has not been disclosed “due to the critical services provided by Kyckr to [the] client for KYC on-boarding services.” Through the indefinite agreement, the client will pay an annual fee of $150k for Kyckr’s corporate customer validation and verification services, which help improve KYC compliance-related obligations.

David Cassidy, Kyckr managing director said, “Our services demonstrate the relevance of our capabilities in multiple sectors, helping improve customer on-boarding, bringing about operational efficiencies and improved KYC compliance.”

Kyckr offers traditional APIs that provide direct access to over 150 business registries which, when combined with blockchain technologies, give immutable proof of a company’s information at the time of any transaction. The API helps establish a complete KYC decision by enabling companies to perform company searches, access company profiles and filings, cross-reference searches on directors, shareholders and others.

Above: Kyckr’s Ben Cronin, Joint CEO and Director and Cian Foley, Sr. Software Engineer, presenting at FinDEVr Silicon Valley 2016

Founded in 2007, Kyckr’s Ben Cronin, Joint CEO and Director, and Cian Foley, Sr. Software Engineer, gave a presentation titled Corporate Identity on the Blockchain to an audience of developers at FinDEVr Silicon Valley 2016. Last November, Prudential Singapore selected Kyckr as one of three fintechs for its PRU Fintegrate partnership program. Earlier that month, the company was named a Hackcelerator Finalist at the Singapore FinTech Festival.

Finovate Alumni News

On Finovate.com

  • Dynamics Leverages Sprint’s Wireless Network for New IoT Connected Card.
  • Kyckr Lands Global Payment Provider Client.

Around the web

  • Taulia announces milestone, accelerating $1 billion in invoices in a single day.
  • Klarna extends partnership with ACI Worldwide, now reaching 10 major markets including the U.S. and U.K.
  • Marquette Bank ($1.6 billion in assets) builds on existing relationship with Baker Hill by adding risk management, loan origination and other solutions.
  • Datanami highlights Narrative Science’s natural language processing tech.
  • Disruptor Daily names eToro, Motif, Kapitall among 9 companies to watch in 2018.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today to save your spot!

Check out our latest FinDEVr Previews featuring:

The latest from FinDEVr New York and upcoming Silicon Valley presenters

  • Visions FCU signs with MX for money-management app.
  • OnDeck launches marketing campaign featuring Shark Tank judge Barbara Corcoran.
  • Inside Expensify’s New Concierge Bot.
  • Lleida.net Calls New Patent a Turning Point.

Alumni updates

  • Entersekt listed among 100 most promising African fintech companies of 2016.
  • Aurionpro joins Temenos MarketPlace.
  • Avalara Raises $96 Million in New Funding.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr Preview: Kyckr

FinDEVrSV16-withdateFinDEVr Preview highlights companies presenting new developer tools, platforms, and integrations at FinDEVr Silicon Valley 2016, October 18 & 19. Tickets are on sale now. So visit our registration page and save your spot.

Corporate identity, and proof of same, is critical in today’s world. Kyckr shows how its traditional APIs, which provide global access to company house information—combined with blockchain technologies—can work together symbiotically to provide immutable proof of a company’s information at the time of any given transaction.

kyckr_homepage_september2016

Why it’s a must-see

Several in-house APIs will be outlined through a custom interface in order to practically demonstrate: a) retrieval of live company-identity information; b) creation of a proof of that identity; and c) deployment of that proof to various blockchains through an API, which provides an abstraction layer over multiple technologies.


Check out more of today’s FinDEVr previews:

Finovate Alumni News

On Finovate.com

  • Financeit Recruits CFO from Capital One Canada
  • Wave Mechanics: FT Partners Report Highlights Trends Driving Rise of Insurtech

Around the web

  • Fiserv inks deal with FCTI to provide transaction processing for 8,000 ATMs in 7-Eleven convenience stores in U.S. Video of Fiserv’s recent live demo from FinovateFall is now available.
  • NCR launches cloud-based developer portal.
  • ACI Worldwide and Vocalink partner to provide real-time payments solution.
  • Let’s Talk Payments interviews Tom Burgess, Linkable Networks founder and CEO.
  • Visions FCU signs with MX for money-management app.
  • Zopa releases its first-ever rating of a batch of securitized Zopa loans.
  • Sezzle Wins $10,000 from Securian in Minnesota Cup Startup Competition.
  • Aurionpro joins Temenos MarketPlace.
  • OnDeck launches marketing campaign featuring Shark Tank judge Barbara Corcoran.
  • RightCapital launches Leads, a tool to help financial advisers turn leads into clients.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FinDEVr Silicon Valley 2016FinDEVrSV16-withdate is just over a month away! Join us October 18 & 19 in Santa Clara, as our developers’ conference returns to the West Coast. Tickets are available now.

The latest from upcoming presenters at FinDEVr Silicon Valley 2016

  • AutoGravity wins Best of Show at FinovateFall 2016. Learn more about their technology at FinDEVr Silicon Valley 2016 in October.
  • Six-time Best of Show winner MX partners with NCR to launch new money-management platform with more than three million end users.
  • Ahead of its FinDEVr debut next month, Kyckr has announced completion of phase one of its corporate identity blockchain service.

Alumni updates

  • Giftbit, formerly Kiind, launches its commerce currency platform.
  • Aerospike earns a spot on the Big Data 50.
  • Concur acquires travel-based startup, Hipmunk.
  • Digital onboarding technology from Avoka helps Ebury pick up 50% gains in its customer base.
  • Terry Roche of TABB Group interviews Stephane Dubois, CEO of Xignite.
  • Bluefin Payment Systems unveils its P2PE solution for Merchant Link.
  • BlockCypher announces instantaneous cross-border payments.

Keep up to date with the daily news from the fintech developer community! Follow FinDEVr on Twitter.