Luxembourg, 6 August 2024 – Daxian, an independent consulting firm specialising in compliance solutions for complex situations, and Know Your Customer, a leading RegTech company, announced a strategic partnership to transform compliance and Know Your Business (KYB) capabilities in Luxembourg. In a jurisdiction with over 140,000 registered companies and the epicentre of Europe’s investment fund industry, Daxian is uniquely positioned to leverage its partnership with Know Your Customer and deliver unparalleled KYB compliance solutions to its growing client base. This collaboration seeks to address the growing need for greater adoption of compliance technology across various industries.
The partnership will leverage Daxian’s expertise in delivering tailored compliance services for complex scenarios and Know Your Customer’s innovative RegTech solutions to provide clients with a comprehensive suite of compliance offerings. Together, the two firms will offer a comprehensive suite of compliance services, including business KYC and KYB onboarding, regulatory reporting, periodic reviews, and more. By offering direct connections to over 140 company registries globally, Know Your Customer will empower Daxian to access 100% accurate, official data to support the intricate compliance requirements of its clients operating in high-risk or complex situations.
”Daxian's tailored compliance services and commitment to innovation make them an ideal partner as we work to transform the compliance landscape in Luxembourg. By combining our RegTech technology with Daxian's expertise in delivering customised solutions for complex scenarios, we can deliver a truly holistic, automated KYB onboarding solution, helping their business clients navigate the evolving regulatory environment with ease and confidence.
Claus ChristensenCEO & Co-Founder at Know Your Customer Limited
”This strategic alliance with Know Your Customer represents a significant milestone for Daxian. Our complementary strengths will enable us to provide clients, particularly those operating in complex scenarios, with unparalleled compliance support across 140 countries. This partnership also presents the opportunity to adopt Know Your Customer's industry-leading RegTech solution, helping us redefine manual compliance processes for our clients and deliver higher efficiency, greater accuracy, and reduced costs. We are excited to embark on this collaboration and push the boundaries of what's possible in the compliance space here in Luxembourg.
Gaetan RioPartner & Director of Compliance at Daxian
By leveraging Know Your Customer’s industry-leading compliance technology, this partnership will enable Daxian to digitise and automate its clients’ KYB compliance processes. This will deliver greater efficiency, accuracy, and scale to the tailored compliance solutions Daxian provides its clients, empowering them to navigate complex regulatory requirements with confidence.
Daxian is a tailored compliance firm specialised in dealing with unique and complex situations in the fields of compliance, KYC/AML, finance and corporate administration. Daxian delivers tailor-made services to clients worldwide from its offices in Luxembourg City, a strategic place at the heart of the international financial centre.
For more information, please visit: https://daxian.lu/ or follow Daxian on LinkedIn.
Know Your Customer is an award-winning RegTech company specialised in next generation business verification solutions for financial institutions and regulated organisations worldwide.
For teams that are struggling with inefficient client due diligence and onboarding processes, Know Your Customer provides a modular compliance solution that combines the most intuitive digital workspace on the market with unmatched real-time registry data, seamless integrations and smart automation to transform the essence of the compliance function at its core. The products’ modular design enables efficient customisation, as clients can select and implement only the functionalities they really need, all available via Rest API.
Are you ready to see the power of our Modular Compliance solutions in action?
