Bain Capital taps Chekk for KYB and KYC solutions
Hong Kong-based digital identity and data solutions provider, Chekk, has signed Bain Capital as its latest customer as the latter looks to strengthen its know your business (KYB) and know your customer (KYC) processes.
Founded in 1984 and headquartered in Boston, Bain Capital is an alternate investment firm with over 1,200 employees spread across its 18 global offices. It manages approximately $155 billion in assets.
Chekk says its Software-as-a-Service (SaaS) solutions enable “instant” KYB (or in minutes) for businesses, corporate customers, merchants, brokers and third parties, and 30-second KYC for individual customers or related business parties.
The firm also enables data portability, providing a single KYB/KYC journey with appropriate encryption and consent management tools.
Chekk was recently chosen by Filipino BaaS player Netbank for its KYC services.
Founded in 2013, Chekk has customers across Europe, the Middle East and Asia. In May this year, it received a “multi-million dollar” investment in a round led by HSBC Asset Management’s alternative business, HSBC Alternatives.