The PRWIRE Press Releases https:// 2019-09-18T22:49:13Z Kyckr welcomes Richard White as cornerstone investor 2019-09-18T22:49:13Z kyckr-welcomes-richard-white-as-cornerstone-investor Highlights Tranche 2 of Placement has been approved by shareholders Leading Kyckr to successfully complete A$5.2 million Placement Capital raising led by prominent technology entrepreneur Mr Richard White who becomes a substantial investor in Kyckr with a 19.6% holding Funds to be used to accelerate Kyckr’s commercialisation plans Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology (RegTech) company is pleased to announce the successful completion of a A$5.2 million (before costs) Placement through the issue of approximately 78.35 million new fully paid ordinary shares at 6.6 cents per share to new and existing institutional and sophisticated investors. Tranche 2 of the Placement resulted in the issuance of 46 million fully paid ordinary shares, raising A$3.1 million and was approved by shareholders at the Extraordinary General Meeting (EGM) held on 13 September 2019. The capital raising was led by prominent technology entrepreneur Mr Richard White who participated in both Tranche 1 and Tranche 2 of the Placement. Kyckr welcomes Richard as a cornerstone investor with a substantial holding of 19.6%. Richard is a prominent technology entrepreneur, founder and CEO of WiseTech Global Limited, a leading developer and provider of software solutions to the logistics execution industry. He has been responsible for driving WiseTech’s growth from the tiny beginnings to what has become one of the largest Australian software companies, with a market cap of over $11 billion, with over 12,000 logistics organisations globally using the software today.  Richard White said: “I can see in Kyckr, a product, business and opportunity set that can be leveraged and accelerated to major advantage, and I am grateful to be able to help the company accelerate its growth ambitions both in the placement and, time permitting, occasional advice to the team.” Kyckr’s CEO, Ian Henderson, commented: “We are delighted by the support received from new and existing investors. It is particularly rewarding that someone of the calibre of Richard has become a strategic investor which validates the strong appeal in Kyckr’s technology and business proposition.” “The capital injection reflects the continuation of an exciting chapter of growth for the Company in the ever increasing global RegTech landscape.” Kyckr made increased progress in the last few months with the launch of the improved digital platform, Kyckr.com, for Know-Your-Customer authentication which has seen encouraging early growth signs since launch. The Company has also continued to focus on developing strategic partnerships with firms across the financial, data and technology space, as a method of growing exposure to new clients and revenue. The proceeds from the Placement will be used to accelerate the Company’s global commercialisation activities and will be applied towards additional resources (Business Development and Account Management), continued investment of Kyckr’s products and general working capital purposes. Bell Potter Securities Limited acted as the Lead Manager to the Placement. -ENDS- Kyckr signs agreement with global data platform provider DemystData 2019-07-10T21:29:19Z kyckr-signs-agreement-with-global-data-platform-provider-demystdata MEDIA RELEASE   11 July 2019   KYCKR SIGNS AGREEMENT WITH GLOBAL DATA PLATFORM PROVIDER DEMYSTDATA   Highlights - 2-year agreement with DemystData to adopt the Kyckr API (Application Program Interface) for existing and new clients - Partnership will allow Demyst customers to seamlessly evaluate, test and use Kyckr’s real-time network of over 200 corporate registries - Demyst’s existing customers include global tier-one banks, insurers and lenders  Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology company, is pleased to advise that it has signed a 2-year data provider agreement with global data platform DemystData. DemystData are a leading provider and platform for integrating data, providing financial institutions with API access to discover, access and test corporate data in combatting fraud, strengthening compliance and reducing data managements costs. Founded in 2010 and with offices in New York, Singapore, Hong-Kong and Melbourne, Demyst has over 30 clients, including tier-one banks, insurers, and lenders across the US and Asia Pacific. This agreement will allow the Kyckr API to be accessible by existing and future Demyst API customers. The addition of Kyckr’s API will help Demyst customers seamlessly evaluate, test and use the Kyckr network of real-time registry information via the Demyst platform. The platform allows customers to test the data in a secure sandbox environment and helps reduce both onboarding times and cost.   Additionally, Demyst will market the addition of the Kyckr API to their existing customer base, promoting Kyckr’s automation expertise to further financial institutions globally.  As Know-Your-Customer (KYC) and Anti-Money Laundering (AML) efforts rapidly increase, accessing legally authoritative Know-Your-Customer information direct from registries provides firms with an effective process for customer verification to help prevent financial crime. Kyckr CEO, Ian Henderson, commented: “We are delighted to be executing an agreement with DeymstData. Partnering with DemystData brings together deep expertise in the data and automation space, helping us deliver the most up-to-date, legally accurate information to financial institutions globally. The agreement is in alignment with our strategy to enhance collaborations with strategic partners as an accelerated method of growing our exposure to new clients and revenue. Know-Your-Customer verification is becoming increasingly critical and we are excited to be embedding our unique registry network onto the DemystData platform, and we look forward to working with our new partner and customers”. Ends.         About Kyckr Limited Kyckr is a global regulatory technology (RegTech) business, providing technology solutions. Kyckr’s solutions are connected to over 200 regulated primary sources, in over 120 countries, providing real-time company registry information on over an estimated 170 million businesses globally. Kyckr provides automated technology solutions to improve the efficiency and effectiveness of Corporate KYC. To learn more about Kyckr, visit www.kyckr.com.   Global KYC experts to promote and advise Kyckr 2017-06-13T23:11:10Z global-kyc-experts-to-promote-and-advise-kyckr ·        Global regulatory and compliance industry experts, Mr Peter Oakes and Mr Bruce Quick have been appointed as Advisors to Kyckr ·     Peter Oakes is a leading governance, regulatory and compliance expert who is actively involved in discussions on the regulatory and compliance landscape with global regulatory bodies, financial services, fintechs and regtechs ·     Bruce Quick has been instrumental in the success of global companies such as Norkom and Pegasystems, considered to be significant success stories in the same space as Kyckr ·        Provides strong validation of Kyckr’s business and the value of its offering to the regulatory compliance space from internationally recognised industry experts ·       The Advisors are financially incentivised to promote Kyckr and its offering, and leverage existing relationships to drive positive commercial outcomes for the Company  Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology company, is pleased to announce it has contracted globally recognised regulatory and compliance industry leaders, Mr Peter Oakes and Mr Bruce Quick as advisors to the Company. Peter Oakes Peter is an internationally recognised expert on fintech, central banking, regulatory supervision, enforcement, law and financial crime. A qualified lawyer, he has held numerous executive and non-executive directorships including currently at Susquehanna International Securities Limited and TransferMate Global Payments, and was previously an Executive Director and Chief Risk Officer at Bank of America Merchant Services Europe.  Peter is a Risk Advisor to a number of UK FCA regulated firms. Peter was appointed the first Director of Enforcement and Financial Crime at the Central Bank of Ireland (2010-2013). In this role Peter was instrumental in establishing the Bank’s enforcement and anti-money laundering strategies and played a key senior management role in reforming the Irish central banking and regulatory authority in the aftermath of the global financial crisis. While at the Central Bank, Peter delivered successful outcomes on over 30 complex enforcement cases including numerous high-profile cases relating to Ireland’s financial crisis and successfully concluded Ireland’s first regulatory enforcement cases for money laundering and terrorist financing failures. An advisor on strategy and governance issues to international institutions, including previously the Saudi Arabian Monetary Agency, Peter is an active participant in the global regulatory industry.  He has presented on regtech and fintech at regulator forums and is in regular discussions with central banks and regulators around the world. An Australian currently based in Ireland, Peter is also the founder of FinTech Ireland, Fintech UK and Regtech UK. Bruce Quick Bruce has over 25 years of professional IT experience across Australia, Asia and Europe. An advisor on risk and compliance to the financial services sector, Bruce has strong experience in business development, risk management and finance and compliance. Previous roles have included Director of Sales, APAC at Norkom Technologies, a leader in anti-financial crime solutions globally, which was acquired by LSE-listed BAE Systems plc and merged into the Detica business unit, of which Bruce later became GM and Sales Director. At Norkom, Bruce established Norkom’s Australian market presence and built on the existing regional customer base in Singapore, Hong Kong and Thailand. He successfully sold Norkom’s anti-money laundering solutions into three of the ‘Big Four’ Australian banks and three smaller state based banks, bringing in sales revenue of $7.2m in his first year, which he grew to $14.9m of annual sales in his third year. Bruce was also Managing Director, APAC for NASDAQ listed Pegasystems Inc., a leader in the provision of business process management systems, where he established Pegasystem’s presence in Australia, winning blue-chip customers including NAB, GE Capital, CORVIS, Suncorp, HCF, AOL, Telstra, Commonwealth Bank of Australia and QBE. Kyckr to leverage strong existing relationships Kyckr will benefit from Peter and Bruce’s broad and established relationships with global regulators, C-suite and board level executives and senior risk and compliance personnel across a range of local and international organisations. Tasked with establishing Kyckr’s Advisory Committee, Peter and Bruce will actively leverage their existing relationships to engage with external parties to promote Kyckr’s offering and objectives and leverage their knowledge and expertise to provide advice and assistance to the Company. Both advisors will be financially incentivised to generate positive commercial outcomes for Kyckr. Peter Oakes, Advisor to Kyckr said: “I am excited by my appointment as an Advisor to Kyckr, a global leader in anti-financial crime technology solutions.  I am impressed by the talent of the team, their achievements to date and Kyckr’s unique regtech offering at a time when institutions face increased scrutiny from regulatory authorities. I am delighted to be participating in Kyckr’s continuing success and I am looking forward to utilising my experience and relationships to help drive accelerated growth.” Bruce Quick, Advisor to Kyckr comments: “I have had the pleasure of being involved with some of the most successful global companies in the KYC domain. I believe Kyckr’s capabilities help to address some of the biggest challenges facing companies with anti-money laundering obligations today. I am looking forward to playing a role in helping Kyckr engage with global prospects and partners”. David Cassidy, Kyckr’s Managing Director stated: “With their global reputations preceding them, the experience, networks and influence that Peter and Bruce bring will be highly valuable to Kyckr. We are looking forward to their assistance in converting our global pipeline and with establishing new channels into the US market. Their support provides further validation with our customers, prospects and partners”. Ends.                                                 About Kyckr Limited A global regulatory technology (RegTech) business, Kyckr provides technology solutions to help protect against money laundering, fraud and tax evasion. Kyckr’s solutions are connected to over 186 regulated primary sources, in 124 countries, providing real-time company registry information on over an estimated 80 million businesses globally. Kyckr provides an automated technology solution to maintain up to date critical company identity information, in place of the traditional error and fraud prone manual people based processes. Globally, the legal requirement to meet compliance obligations continues to increase as does the need to validate against business registers. The annual spend by financial institutions on compliance is forecast to be $120 billion by 2020, thereby providing a very large opportunity for Kyckr. To learn more about Kyckr, visit www.kyckr.com Kyckr enters US market in partnership with The Mizen Group 2017-06-09T02:49:22Z kyckr-enters-us-market-in-partnership-with-the-mizen-group Press Release 9 June 2017 Highlights ·         Kyckr partners with The Mizen Group (Mizen), a Boston and New York based corporate investigations technology & advisory consulting firm ·         Partnership provides Kyckr with an entry into the large US market, particularly providing direct access into New York, one of the most valuable regulatory districts in the USA ·         Under the agreement, Kyckr and Mizen will sell each parties’ respective products and services, which are highly complementary ·         The agreement represents a significant opportunity for the Company where both parties will share net revenue from the sale of the other party’s products and services ·         The partnership immediately expands Kyckr’s reach into a new geographical region, and is expected to directly drive sales and revenue for the Company Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology company, is pleased to announce it has a signed a binding agreement with The Mizen Group LLC (Mizen) to distribute Kyckr’s products and services to its US and European focused clients. The agreement signifies Kyckr’s expansion into the large and lucrative US market, leveraging Mizen’s established reputation, customers and prospects. Mizen are focused on the New York district where many international banks are domiciled. Under the mutual distribution and revenue-sharing partnership, Mizen will integrate Kyckr’s data services Application Program Interface (API) into its Anti Money Laundering Platform known as the Smart Data Investigative Platform (SDIP). Kyckr’s integrated offering will provide SDIP users with access to 186 official state and national business registries, across 128 countries. Mizen customers will have access to Kyckr’s capabilities and use its technology to clean existing client records. Furthermore, Kyckr’s Company Watch will send updates from source registers for any change to a Company’s status, meaning client records can be kept current as required under regulatory obligations. A white-labelled version of Kyckr’s platform will also be marketed by Mizen in the US in collaboration with Kyckr. Kyckr’s product offering is highly complementary to Mizen’s established Know Your Client (KYC) products and services, with Kyckr’s global data access providing great added value to Mizen’s existing offering. Under the agreement, Kyckr will also distribute Mizen’s Anti Money Laundering Platform, SDIP globally to prospective and existing customers. Mizen and Kyckr will participate in a net revenue sharing arrangement for the sale of each other’s products and services. This agreement is effective immediately. Patrick Kelly, Partner at the Mizen Group states: "We are extremely excited to partner with Kyckr to provide our Banking clients with a unique and best in breed KYC data solution, that can streamline and accelerate customer on-boarding and validation, in line with FinCEN’s 5th Pillar of AML Compliance.”   Paul McCarthy, Partner the Mizen Group states: 'Kyckr's ability to access company registrars globally will enable our Banking clients, to maintain a real-time view of their corporate customers, that can be easily embedded through the Kyckr API”. David Cassidy, Kyckr’s Managing Director states: “We’re pleased to have partnered with Mizen, an established consulting firm that has impeccable relationships with US regulators and its clients. Entering the US market can be a very expensive and high-risk investment. This partnership with Mizen provides Kyckr with leveraged access into the New York district, the domicile of a majority of the world’s international banks and marks our foray into a large regulatory market. Our technology and services perfectly complement Mizen’s technology and service offering and we plan to provide Mizen with on the ground support to ensure the success of this agreement for both parties.” Ends.                                                 About the Mizen Group The Mizen Group is a Corporate Investigations Technology & Advisory Consulting Firm based in Boston and New York. Its experienced team provides a combination of regulatory compliance operations, compliance technology, data analytics, program management and technology strategy services, for Anti-Money-Laundering and risk assessment. Mizen’s Smart Data Investigative Product (SDIP) provides a full suite investigative platform with proprietary intelligence to source and action Money-Laundering, Fraud and Tax Evasion issues. To learn more about the Mizen Group, visit www.mizengroupusa.com About Kyckr Limited A global regulatory technology (RegTech) business, Kyckr provides technology solutions to help protect against money laundering, fraud and tax evasion. Kyckr’s solutions are connected to over 186 regulated primary sources, in 124 countries, providing real-time company registry information on over an estimated 80 million businesses globally. Kyckr provides an automated technology solution to maintain up to date critical company identity information, in place of the traditional error and fraud prone manual people based processes. Globally, the legal requirement to meet compliance obligations continues to increase as does the need to validate against business registers. The annual spending by financial institutions on compliance is forecast to be $120 billion by 2020, thereby providing a very large opportunity for Kyckr. To learn more about Kyckr, visit www.kyckr.com