Source: Biometric Update
By William McCurdy
Swedish Software-as-a-Service (SaaS) company Verified, has acquired Swedish regtech start-up Pliance, an AML automation platform for an undisclosed amount.
Verified, founded in 2012, provides a portfolio of digital signature and digital identification products for KYC and AML compliance, and claims to have 2,000 customers in the Nordic countries, across the healthcare, financial services, insurance, travel, and construction sectors.
The company provides integrations with popular existing electronic identification systems such as Sweden and Norway’s BankID, Finland’s FTN, and Denmark’s NemID.
Pilance, founded in 2018, offers tools that automate AML processes for companies. These include processes such as screening for Politically Exposed Persons ( PEPs) and Ultimate Beneficial Owners (UBO), as well as sanction screenings and ongoing monitoring for financial institutions.
Read full article: https://www.biometricupdate.com/202305/verified-acquires-pliance-to-compliment-digital-signatures-with-aml-automation
