Creditsafe & PassFort Deepen KYC & KYB Data Partnership

PassFort has extended its partnership with Creditsafe to offer a world of corporate data for business onboarding and ongoing risk monitoring.

Extended partnership with Creditsafe to access Know Your Business (KYB) data

London, 21 January, 2021: PassFort, a provider of customer lifecycle management (CLM) solutions to the financial services industry, has strengthened its partnership with Creditsafe, opening up instant access to the comprehensive Know Your Customer (KYC) data needed for corporate onboarding.

Creditsafe offers access to nearly 400 million company records, with coverage in more than 160 countries worldwide. PassFort clients can now use Creditsafe’s global data to complete their corporate due diligence checks when onboarding new business customers and conducting ongoing risk monitoring.

The partnership enables customers to automate their KYC and AML checks, and to get accurate and structured information on ultimate business owners, shareholders, financial statements and other company data through a single API.

“Customer feedback told us that the data provided by Creditsafe was of great quality and offered value for money.” said Donald Gillies, CEO and Co-Founder of PassFort. “After testing the extension to additional countries in 2020, we are now delighted to fully extend our partnership and include all 160 countries Creditsafe provides data on around the world."

“Throughout 2020 and into 2021, we have seen an increase in clients using Creditsafe to automate credit decisions and KYC, assisting compliance with regulatory processes.” said Dean Williams, Creditsafe’s Relationship Manager.

“Through automation with accurate and wide-reaching data to establish complex ownership structures, Creditsafe can deliver a high degree of accuracy, confidence and efficiency for PassFort clients. By increasing the scope of our relationship and opening up more countries via their API, I feel confident our mutual clients will benefit greatly.” concluded Dean.

About PassFort

PassFort helps financial institutions digitally transform their Customer Lifecycle Management processes to achieve a perfect balance between compliance and great customer experience.

Headquartered in London and founded in 2015, PassFort has now supported its clients to onboard more than 5 million customers worldwide.

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