kompany

We are delighted to introduce kompany as a spotlighted company in this series. If you are interested in suggesting a company to be covered under this series, or are interested in meeting or finding out more about any of the companies we are featuring as part of this series please do not hesitate to contact us.

kompany - About the Company

kompany is the leading RegTech platform for Global Business Verification and Business KYC (KYB). Their global network provides real-time access to commercial registers, financial authorities and tax offices around the world, covering more than 200 countries and jurisdictions.

kompany provides its business verification services to financial institutions, payment service providers, insurers and other regulated companies, for the purpose of anti-money laundering and regulatory compliance. Its RegTech platform combines technology and data to create a best-in-class experience that goes deeper than your standard entity verification to reveal the real people behind organisations, including those who hold key positions such as officers and shareholders.

Today kompany is proud to be recognised as the first organisation to build a global network of commercial and government registers and to be licensed as an official government clearing house.

Key Advantages

kompany’s solutions and services are designed to help their clients resolve the complexity of compliance with anti-money laundering regulations.

By introducing automation into a client’s existing onboarding process, kompany enables them to verify and onboard their own customers more efficiently and effectively while relying exclusively on audit-proof data for all their KYB processes. As kompany’s global network delivers data directly from its primary source, clients can be sure that the business information they base their compliance tasks on are fully compliant with the applicable regulations of their jurisdiction and industry. Finally, kompany helps their clients replace their internal periodic KYB checks with perpetual KYB.

This can mean a 50% costs saving and 90% reduction in the time spent on formally manual tasks such as client onboarding. Clients can also benefit from a significantly reduced regulatory risk exposure, which allows them to prioritise competitiveness within their market. kompany is trusted by many organisations around the world with their digital onboarding, back-office automation, risk management, ongoing monitoring, AML screening and more, with the choice between an instantly available cloud service or an easy-to-integrate API.

*Ashurst LLP does not endorse or recommend any particular product or investment opportunity