Compliance Software Company Trapets Acquires Regtech Solutionsby Fintechnews Nordics May 15, 2023
Swedish regtech company Trapets has acquired Regtech Solutions, a software company offering Know Your Customer (KYC) and screening services solutions to comply with Anti-Money Laundry (AML) regulations.
The acquisition will strengthen Trapets’ position in the Nordic regulatory technology market.
Combining the two companies’ offerings, customers can benefit from innovative KYC and AML solutions to prevent and detect financial crime activities.
The acquisition of Regtech Solution goes hand in hand with Trapet’s strategy to expand outside of its core customer segment, financial services.
Regtech Solutions will fully integrate into Trapets’ organisation, operations, and service offerings.
“We at Trapets are very excited to be able to offer solutions to a broader customer base and to be able to grow in other customer segments where we historically have had limited focus.
The growth of Regtech Solutions in a short period is impressive and demonstrates the great need and potential for our solutions as the fight against financial crime continues. By combining our expertise and knowledge, we look forward to providing greater value to a broader range of customers.”
said Dan Sjöholm, Chief Strategy Officer at Trapets.
“Our customers will benefit from Trapets’ extensive experience in the industry, innovative technology development combined with a broader service offering.
Leveraging a larger organisation’s resources and expertise will benefit our customers and us.”
said Gunnar Jacobson, CEO Regtech Solutions.
Featured image credit: Dan Sjöholm, Chief Strategy Officer at Trapets and Gunnar Jacobson, CEO Regtech Solutions. Edited from freepik