Verified, a provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance solutions, announced the acquisition of Pliance, a regtech startup specialising in automated financial crime compliance.
Pliance’s platform uses API-led advanced automation to streamline the compliance process, reducing the burden on businesses and increasing their ability to detect and prevent financial crime.
By integrating Pliance’s advanced technology and expertise, Verified will be able to offer an even more comprehensive suite of KYC and AML solutions.
Verified said that its acquisition of Pliance will significantly strengthen its position in the European market, as it continues to expand and diversify its compliance services.
This acquisition follows Verified’s recent announcement of a €31 million investment from Verdane and its acquisition of Assently, a digital identity verification company.
“With the acquisition of Pliance, Verified is poised to become the go-to partner for organizations seeking cutting edge, fully integrated compliance solutions.
By combining the innovative technology and domain expertise of Pliance with our already robust offering, we will deliver an unparalleled level of service to our customers, helping them navigate the ever-evolving regulatory landscape with ease and confidence.”
said Tommy Jarnemarck, CEO of Verified.
“We are excited to join the Verified family and contribute to the company’s mission of delivering best-in-class compliance solutions to businesses across Europe.
Our combined expertise and technological capabilities will enable us to provide an even more comprehensive and seamless compliance experience for our clients.”
said Siam Choudhury, CEO of Pliance.
