OneComply acquired GeoComply, which has “unparalleled capability to support mission-critical compliance requirements” for the industry.
The company is a client and provides solutions to help companies in regulated markets manage personal and corporate licensing requirements.
GeoComply’s addition will provide customers in a variety of industries including gaming with a “streamlined and secure set of tools that are easy to administer for the entire licensing processes”, from initial applications through ongoing compliance management.
Cameron Conn commented that GeoComply, OneComply’s co-founder and CEO, has always been a source of inspiration.
Aaron [Gould], our co-founder, and I are very excited to continue on this journey with the GeoComply team. I am confident that we will enhance and amplify our world-class licensing and compliance solutions for regulated industry around the globe.
GeoComply, the company that acquired its platform, noted that it would allow organisations to automate licensing compliance and eliminate complexity. This, they said, would save both time and resources.
Anna Sainsbury is the CEO and Co-Founder of GeoComply. She said: “We were excited to be able to welcome OneComply into the GeoComply Family. It gives me great satisfaction to have completed this process.”
She added: “Adding the licensing platform and expertise of their company to our portfolio will help us achieve a new standard for compliance and risk management services that is cost-effective and materially beneficial to our customers, both existing and new.
“Together we will have unprecedented capabilities to support mission-critical compliance requirements of the gaming industry including AML and KYC, geolocation, sanction compliance, and fraud prevention technologies.”