Monday, December 2, 2024
2.1 C
New York

FullCircl reinforces compliance suite with W2 Global Data Solutions acquisition

UK-based customer lifecycle intelligence platform FullCircl acquires W2 Global Data Solutions to strengthen its compliance offerings, adding 120 new customers and expanding its global presence.

Facts

  • FullCircl, a UK-based customer lifecycle intelligence (CLI) platform, has acquired W2 Global Data Solutions.
  • W2, founded in 2011 and based in Cardiff, Wales, specializes in KYC, AML, document verification, KYB, and financial risk solutions.
  • FullCircl sees this acquisition as a natural fit for its medium-term growth strategy, with plans for further enhancements to its applications and APIs.
  • The merger brings together 120 new customers from W2 and adds to FullCircl’s existing customer base, expanding its reach to 160 markets worldwide.
  • W2 will now operate as ‘W2 by FullCircl,’ with Warren Russell, its founder and CEO, continuing to lead the business.
  • FullCircl intends to retain the W2 team post-acquisition, and Russell will join FullCircl’s senior management team.
  • According to Andrew Yates, CEO of FullCircl, the acquisition will benefit customers of both companies by enhancing compliance and risk management processes.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Tembo Secures $14M to Revolutionize Savings and Mortgage Solutions

Transforming the home-buying journey: How Tembo plans to expand...

Close Brothers Asset Management Adopts Objectway’s Portfolio Management Solution

Close Brothers Asset Management (CBAM) has partnered with...

CaixaBank Unveils €5 Billion Technology Investment in Strategic Plan

Spain’s CaixaBank has launched its 2025–2027 strategic plan,...

Nationwide Transitions to HPE GreenLake Hybrid Cloud Platform

Nationwide Building Society is moving its IT infrastructure...

Beacon Launches Digital Wallet for Immigrants Moving to Canada

Toronto-based fintech Beacon is set to launch Beacon Money,...

Minu Secures $30M Series B to Expand Wellness Platform in Mexico

Minu, a Mexican employee wellness platform, raised $30...

Tanner Servicios Financieros Secures $40M IFC Investment to Drive Expansion

Chilean financial institution Tanner Servicios Financieros has secured...

Cardstream Appoints Gurinder Sumra as CFO to Drive Growth

UK-based paytech Cardstream has named Gurinder Sumra as...

Related Articles

Popular Categories

spot_imgspot_img