Kyc.com expands Asia Pacific footprint

Kyc.com, the joint venture between Markit and Genpact has expanded its service to Hong Kong and Singapore.

This roll out is in addition to jurisdictional coverage in the US, UK and Australia which launched in 2014.

Standard Chartered, the UK-headquartered bank with a large footprint in Asia, is supportive of kyc.com and in the process of joining the service. In addition, Deutsche Bank, HSBC, Morgan Stanley and UBS are already signed up and will be using the service to support their due diligence in the region. Kyc.com says that over 1,500 buy-side firms and corporations, representing 37,000 legal entities are also using it to simplify the provision of know your customer (KYC) and other documentation to their banks.