Coda Payments Selects Know Your Customer to Deliver Straight-through Corporate Onboarding Across APAC
- 28.02.2023 01:30 pm
Today, Coda Payments (“Coda”), the leading provider of cross-border payments and distribution solutions to digital content publishers, announced that it has partnered with award-winning RegTech provider Know Your Customer to simplify and accelerate its corporate onboarding processes across the Asia-Pacific region.
By integrating Know Your Customer’s corporate onboarding solution with its front-end and back-end operations, Coda is streamlining its due diligence operations on business prospects and clients, leveraging automation to achieve greater efficiency and an improved customer experience. Coda uses Know Your Customer’s single API to connect to company registries across 127 countries globally in real-time, retrieve the necessary official documents automatically, extract vital corporate information, unravel complex company charts, and identify ultimate beneficial owners (UBOs) through documentary evidence as required by regulations.
Founded in 2011 and headquartered in Singapore, Coda is one of the leading providers of secure, cross-border monetisation solutions for digital products and services. The company helps digital content publishers unlock new revenue for their games, apps, and services in more than 60 territories worldwide. In 2022, Coda was named the 45th fastest-growing company in the Asia-Pacific region by the Financial Times, and has been named a Technology Pioneer by the World Economic Forum.
Know Your Customer is an award-winning regulatory technology (RegTech) company specialised in highly configurable corporate onboarding and Know Your Business (KYB) solutions for a variety of regulated sectors. Its live registry connections now cover all 50 states in the United States. In November 2022, Know Your Customer won the Silver ASEAN Award at the Singapore Fintech Festival Global Fintech Awards by the Monetary Authority of Singapore (MAS).
Keira Kwek, Global Compliance Lead at Coda, commented:
“Our new onboarding process, powered by Know Your Customer, is instrumental in enabling the fast and secure expansion of our customer base across multiple Asia-Pacific markets and globally. From the start, the Know Your Customer team demonstrated how their solution was able to provide both the real-time registry connections required by the compliance team, as well as the API capabilities sought by our engineering team to facilitate fast integration with our internal systems.”
Claus Christensen, CEO & Co-Founder of Know Your Customer, added:
“We are delighted to be working with Coda to enable their vision for seamless, straight-through corporate onboarding across the Asia-Pacific region. It is inspiring to see their commitment to both better customer experience and no-compromise compliance, a dual objective which can only be achieved through RegTech innovation. We look forward to supporting them on this journey and enabling their continued and ambitious commercial growth.”