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Hand of a business man completing the puzzle with the last missing piece.Concept image of Business Acronym KYC as Know Your Customer

Equiniti to provide enhanced KYC service for the invoice finance industry


  • Equiniti to provide enhanced ‘KYC-as-a-Service’ proposition to invoice finance lenders resulting in time and cost savings, and a streamlined customer journey
  • Newly automated platform and universal API gives customers global reach into any data source, allowing for consistent compliance across multiple jurisdictions
  • Coupled with Equiniti’s pioneering managed service KYC proposition, this offers customers a wholly holistic solution to support their KYC needs

Equiniti Group plc (“Equiniti”), an international technology-led services and payments specialist, is delighted to announce that it is now able to provide an enhanced Know-Your-Customer (“KYC”) service for asset based and invoice finance lenders.

This new solution builds on Equiniti’s experience in both serving invoice finance lenders and delivering its unique proposition as an end-to-end KYC provider.

It comes as new technological developments enable Equiniti to offer lenders a robust, scalable, and highly personalised solution to KYC challenges. Equiniti will provide industry-leading expertise and access to award-winning technology, as well as handling all aspects of the KYC process, from customer onboarding and complex due diligence investigations, through to large scale remediation projects.

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Equiniti’s dual automated and managed service helps lenders efficiently address the increasing KYC demands brought on by evolving regulation. Furthermore, the service provides futureproof access to third-party data sources through universal connectivity.

Michael Ellis, Head of Commercial at Equiniti Riskfactor, commented: “This enhanced KYC service will be a huge step forward in fraud detection and anti-money laundering in the asset based and invoice finance lending industry.

“Equiniti Riskfactor is the go-to provider of risk management and fraud analytics, with over 90% of the receivables finance market using our market leading EQ Riskfactor product. This enhanced KYC proposition complements the existing services we provide for our customers and we look forward to seeing first-hand the benefits it brings them.”

Chris Adams, Head of Product (EQ Digital), commented: “We are delighted to provide a service that is of invaluable use to lenders in the invoice finance and asset-based lending facilities.

“We are now able to offer our customers improved automation as we further develop our technological capabilities. Our managed service continues to differentiate us within the industry – it proves our commitment to meaningfully reducing risk for our customers and increasing their return on investment.”

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