So, I spotted this interview with Fenergo's Rachel Woolley on the Kyckr website https://www.kyckr.com/the-future-of-kyc-compliance-insights-from-rachel-woolley/ and I started to ask myself, why would a public company on the ASX publish an interview with a senior member of the management team of another company on its own website????? This would be very unusual, promoting the opinion of a non-company person. It's not something a company would normally do in my experience. Unless of course there is something else going on.
Reading the detail of the interview, Rachel says this: "Creating an effective, end-to-end onboarding process that leverages the use of technology solutions can help to automate typically manual tasks, allowing subject matter experts to focus on areas of higher risk. A holistic approach to KYC compliance can enable greater efficiencies, improve AML risk management, and ultimately improve our response to financial crime prevention". This sounds like it has been lifted directly from a Kyckr script!
Fenergo (www.fenergo.com) is one of the biggest platform providers for KYB/CLM and is "Trusted by 32 of the Top 50 Financial Institutions in the World" according to their own website. This includes most of the big Australian Banks.
I would love to know if Kyckr has done a deal with Fenergo (surely they'd have to announce it??) or at the very least are there conversations underway??? Does anyone know anything?? This could be a pretty big deal if my suspicions are pointing in this direction. DYOR!!
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