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FullCircl’s Customer Lifecycle Intelligence platform, which helps financial regulated businesses to do better business faster, announced the acquisition W2 Global Data Solutions. W2 Global Data Solutions is a global provider of digital real-time solutions for regulatory compliance. FullCircl has strengthened its compliance suite with this acquisition and is now on track to be the leader in smart customer-onboarding solutions for regulated business.
W2’s global KYC and AML services, which combine extensive datasets with deep expertise in the field of identity verification, are a perfect complement to FullCircl’s medium-term strategy for growth. This will allow FullCircl to enhance its suite of APIs and applications, while also creating an end-to-end, unique solution for companies looking to embed insights on their customers through acquisition and onboarding.
Combining the two companies will provide coverage for entities in 160 countries. It also offers new opportunities to target consumer finance segments, such as personal finances, gaming, gambling and crypto. FullCircl now has 600 customers, 120 of which are from W2, with no overlap.
According to the terms of the deal, W2 will be known as “W2 By FullCircl”. Warren Russell will remain as the leader of the business, and join FullCircl’s senior management. FullCircl also plans to retain the team of W2, as it recognizes that W2’s value lies in its combination of product, data partnership, customers and talent. Customers of W2 and FullCircl will see no change in their relationship, but they will be able benefit from the combined power of both platforms and accelerate the development of new capabilities to solve industry challenges that are still unsolved.
Andrew Yates commented on the acquisition: “Today, we are proud to announce that our company has reached a new milestone with the completion our acquisition of W2. W2 shares the same vision as FullCircl to help regulated companies mitigate risks, and deliver next generation onboarding that meets customer expectations, and compliance requirements in our rapidly changing world. It’s great news for W2 and FullCircl customers, who can expect to see improvements that will transform the compliance and risk management process. “We look forward to welcoming new colleagues, and building on our combined experience to deliver something truly innovative.”
” Warren Russell is the founder and CEO of W2 said, “We are excited to be a part of FullCircl’s family.” This is the culmination 12 years of work developing innovative technology that simplifies complex regulatory requirements for customer onboarding. In our first discussions with FullCircl, it became clear that we shared the same mission and values, and were committed to our people, our innovation, our customers’ success, and our growth. We are thrilled to be joining FullCircl, and we look forward to embarking on this next exciting chapter with our partners and clients. We look forward to leveraging shared resources and expertise in order to continue our mission, but also amplifying it.
