DemystData Signs Two Year Agreement with Kyckr

Data-as-a-service firm DemystData ahas partnered with compliance and risk management specialist Kyckr to enhance its offerings for financial services clients.

Under the two-year agreement, DemystData will integrate Kyckr’s API into its platform. The move will allow DemystData customers to use Demyst’s platform to access Kyckr’s network of real-time registry information, allowing them to test the information in a secure sandbox environment.

“Partnering with DemystData brings together deep expertise in the data and automation space, helping us deliver the most up-to-date, legally accurate information to financial institutions globally,” Kyckr CEO Ian Henderson said. “The agreement is in alignment with our strategy to enhance collaborations with strategic partners as an accelerated method of growing our exposure to new clients and revenue.”

Founded in 2007, Kyckr provides APIs and cloud based, automated decision engines for Know Your Customer (KYC) compliance, due diligence, and customer onboarding. Kyckr’s company intelligence database offers access to 200 official registries, 120 countries, and 170+ million legal entities. The company showcased at FinDEVr Silicon Valley 2016, our developers conference.

“Know-Your-Customer verification is becoming increasingly critical and we are excited to be embedding our unique registry network onto the DemystData platform, and we look forward to working with our new partner and customers,” Henderson added.

Today’s deal also stipulates that DemystData promote Kyckr’s API to its client base, bringing awareness to Kyckr’s company intelligence tools to a fresh group of potential clients.

DemystData offers a data marketplace that helps banks and businesses protect themselves against fraud using email and address verification, criminal history information, and data on negative online sentiment. The company also offers property information for risk underwriting, as well as commercial marketing segmentation. At FinovateAsia 2012, DemystData debuted Credit-in-a-Box, a suite of tools that help banks leverage big data to make better lending decisions. 

Finovate Alumni News

On Finovate.com

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  • AI Foundry Adds Mortgage Document Modeling to its Automation Platform
  • HiddenLevers and First Rate to Improve Risk Analytics for Wealth Managers
  • DemystData Signs Two Year Agreement with Kyckr
  • YSEOP Garners $9.3 Million in New Funding Round

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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.

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

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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

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Alumni updates

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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

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  • Financeit Recruits CFO from Capital One Canada
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  • 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.
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  • 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.