ONE, the UK-based provider of financial services across digital and fiat currencies, has announced it is teaming up with RegTech provider Know Your Customer.
ONE said in a statement that it had selected Know Your Customer’s Modular Compliance solutions to help streamline its onboarding operations by providing coverage of real-time registry connections and by using its automation capabilities to map corporate structures across borders.
“Integrating with Know Your Customer has allowed us to provide a seamless, tailored onboarding journey for our corporate customers and consolidate our case management systems,” said Kathryn WillisManaging Director and Group Head of Compliance at ONE Group
She added, “At a glance of a screen, we can visualise a customer’s entire corporate structure, risk profile and AML screening results, while also having immediate access to the corresponding records. This allows us to streamline our compliance processes, and automate key management information, demonstrating the real benefits Regtech solutions like Know Your Customer can bring to a business.”
Formerly known as AIMS, ONE was founded in 2017 as a UK-based OTC digital asset trading desk, serving high-net worth individuals, corporates, and institutional clients globally.
In an effort to make the movement of fiat funds connected with crypto more seamless, ONE shifted its focus towards banking and the provision of payment services.
It subsequently acquired its PI licence from the FCA in 2020, and launched its proprietary payments platform in 2021.
Today ONE provides a unified end-to-end financial services solution for corporate clients, principally within the gambling and sports betting, cryptoasset, and offshore sectors.
