BNDRY partners with Simple KYC to power embedded compliance
Simple KYC, the go-to platform for KYC (Know Your Customer) and KYB (Know Your Business) workflow automation, has partnered with BNDRY to streamline how regulated businesses verify and understand individuals, complex companies and trusts. Together, the platforms will help businesses to embed and automate the end-to-end customer due diligence process, making it faster and easier to meet compliance obligations.
BNDRY has embedded Simple KYC’s comprehensive suite of KYC and KYB information sources directly into the platform, enabling product and risk teams to build automated capability that reduces the effort required to manage onboarding, ongoing due diligence and information verification.
The result? A powerful way for BNDRY customers to automate customer verification from end-to-end. Product and risk teams can now access Simple KYC’s trusted information sources within BNDRY workflows, giving them a head start in the fight against financial crime to reduce the ever-growing compliance obligations that regulated companies face.
Simple KYC’s CEO and Founder, Eric Frost, said,
We’re seeing more regulated businesses move away from fragmented onboarding processes towards integrated, digital-first experiences. This shift is being driven by regulatory pressure, customer expectations and the need for operational efficiency. Partnering with BNDRY allows us to extend our reach and embed our KYC and KYB workflows into a broader compliance ecosystem, helping businesses automate complex tasks and make faster, smarter risk decisions.
John Rayment, BNDRY’s CEO added,
BNDRY’s partnership with Simple KYC provides our customers with a fully integrated experience across the customer lifecycle. From onboarding, enhanced due diligence and risk management processes, Simple KYC supercharges BNDRY’s available information sources and improves understanding of key customer risks.
The integrated solution is available now for all BNDRY customers, with plans to expand the partnership’s capabilities in future releases.
About Simple KYC: Simple KYC offers end-to-end KYC workflow solutions for financial services, government and multinational businesses. They simplify "Know Your Customer" and compliance requirements by digitising the customer application and due diligence procedures. Simple KYC automates customer verification making it quick and easy to onboard new clients and keep their information up-to-date. For more information visit simplekyc.com.
About BNDRY: BNDRY is the platform for embedded risk and compliance. By orchestrating activities across multiple integrated vendors, BNDRY improves the effectiveness of risk and compliance operations. For more information, visit bndry.net.