London, 17th June 2025 – OFX, a leading financial operations company, announced a collaboration with Know Your Customer Limited, the global leader in business verification solutions. This collaboration will enable Know Your Customer’s advanced verification technology to be used by OFX, enhancing security and streamlining compliance for OFX users.
Through this collaboration, OFX will leverage Know Your Customer’s capabilities to simplify and automate its business Know Your Customer (KYC) processes. This will provide OFX with real-time access to comprehensive business verification data, including seamless corporate structure verification, instant access to official company documents, and automatic identification of complex beneficial ownership structures across over 140 jurisdictions.
This process automates key business KYC processes, significantly reducing manual effort and improving efficiency for OFX users, further strengthening OFX’s ability to manage risk and maintain the integrity of its platform.
”OFX is committed to providing our customers with a secure and efficient global payment experience. By using Know Your Customer's technology, we're enhancing our ability to mitigate risks and maintain a high standard of compliance. The real-time access to global registry data, automated documentary evidence, and streamlined processes will strengthen our KYC procedures, reinforcing our commitment to a secure and reliable platform.
Jason SullivanHead of Operations, EMEA at OFX
”We are excited to partner with OFX and equip them with a strategic advantage in the global payments landscape. Our advanced business verification technology will empower OFX to elevate its security posture, streamline and automate compliance workflows, and deliver an unparalleled payment experience to its customers.
Jamie AndersonManaging Director EMEA, Global Head of Sales
Recognising the importance of a robust and secure global payment environment, and in light of Australia’s expansion of AML/CTF regulations from sectors like financial services and digital currency exchanges to designated non-financial businesses and professional sectors, OFX is proactively strengthening its security infrastructure through this collaboration. By utilising Know Your Customer’s technology, OFX will enhance its due diligence capabilities, ensuring compliance with evolving regulations, providing a secure, reliable platform for global payments.
This collaboration reinforces both OFX’s and Know Your Customer’s commitment to innovation, security, and adherence to evolving compliance regulations in the global financial landscape.
OFX is a leading financial operations company providing businesses and accounting firms with real-time financial control and visibility to do business anywhere in the world. With an innovative platform and 24/7 human support, OFX automates and simplifies doing business across borders, reducing risk and eliminating routine operational tasks. Offering global business accounts, payments to 180 countries in 30+ currencies and currency risk management solutions to simplify global payments. OFX further enhances business operations by providing corporate cards with spend management, bill payments, vendor management, and integrations with popular accounting and HRIS software, to help achieve better business solutions so accounting firms and businesses thrive.
Headquartered in Sydney, Australia, with offices globally, in the United States, Canada, United Kingdom, Ireland, New Zealand, Singapore and Hong Kong. ISO/IEC 27001:2022 certified in Australia, 700+ employees, listed on the ASX since 2013, licensed in 50 jurisdictions and regulated by over 50 regulators globally. OFX has been a trusted innovator in global money movement for over 25 years.
For more information about OFX and its financial automation solutions, visit [https://www.ofx.com/].
Know Your Customer Limited is an award-winning RegTech company that specialises in next-generation business verification solutions for financial institutions and regulated organisations worldwide. The company’s mission is to revolutionise anti-money laundering compliance, client onboarding, and periodic review processes through customer-centric solutions and high-quality entity data.
For teams facing inefficient client due diligence and onboarding, Know Your Customer Limited offers an intuitive digital compliance workspace that combines unmatched real-time registry data from over 140 countries, seamless integrations, and AI-powered smart automation. This streamlined approach transforms compliance functions, allowing clients to customise their solutions by selecting only the functionalities they require, all accessible via a robust REST API.
Founded in Hong Kong in 2015, with a local presence in Singapore, Dublin, London, and Shanghai, Know Your Customer has built a global customer base across 11 verticals and 18 jurisdictions.
Are you ready to see the power of our Modular Compliance solutions in action?
