Kyckr Explained

Kyckr
Type:Private Company
Industry:Business services
Founded: in Ireland
Hq Location City:Sydney
Hq Location Country:Australia
Products:Company registers for know your customer (KYC)
Website:https://www.kyckr.com/

Kyckr is a business register to help with know your customer (KYC) processes for anti-money laundering regulations. It was established in Ireland, and was a publicly traded company on the Australian Securities Exchange with operations in Ireland and Australia. The company delisted on 07 November 2022 when it was acquired by RealWise KYK AV Pty Ltd.[1]

History

The company was established in Waterford, Ireland in 2007 by Ben Cronin and Rob Leslie.

The Financial Times reported that Kyckr had a net fall in income of AUS$3.45 million in 2017.[2]

In 2018 Kyckr was a participant in the International AML & CTF Techsprint run by the UK Financial Conduct Authority, in conjunction with 12 International supervisory and law enforcement agencies[3]

Operations

The company provides data access technology for know your customer (KYC) in financial services and supply chain. It assists banks and other businesses to meet anti-terrorism finance, anti money laundering and other laws and regulations that require the identification of potential criminal money movement.[4] [5] [6]

Kyckr's customers are primarily financial companies.[7] [8] [9] [10]

Notes and References

  1. Web site: Shareholder .
  2. Web site: Kyckr Ltd, KYK:ASX profile - FT.com. markets.ft.com. 18 May 2018. en-us.
  3. Web site: Global AML and Financial Crime TechSprint. 15 May 2018.
  4. Web site: Deploying Regtech Against Financial Crime - The Institute of International Finance. www.iif.com. 27 March 2017 .
  5. Web site: Matchi.biz - Canadian Institute Fintech Challenge - Winners Announcement. matchi.biz.
  6. Web site: Matchi.biz - BankTech Asia Fin5ive Challenge Winners Announcement. matchi.biz.
  7. Web site: ASX Announcement. clients3.weblink.com.au.
  8. News: Waterford firm signs deal with Bloomberg. 2017-07-20. RTE.ie. 2017-07-20. en.
  9. Web site: Kyckr Limited IPO's on the Australian Stock Exchange - Enterprise Ireland. www.enterprise-ireland.com. en. 2017-07-20.
  10. Web site: Kyckr gets a lift after signing data services deal with IBM. 26 September 2017.