FullCircl partners with LSEG Risk Intelligence to crack down on identity fraud

UK-based regtech FullCircl has partnered with LSEG Risk Intelligence to help businesses reduce identity fraud, which now accounts for 64% of all fraud losses in the UK.

Through the new partnership, customers of FullCircl have single-point API access to more than 400 data sources across over 50 countries, including government credit agencies and issuing authorities, telcos and utility providers, and corporate registries, to verify the identities of individuals and businesses “quickly, efficiently, and with authority”.

Together, the companies will provide instant access to information providers that can support document verification, biometric checks and third-party data validation.

Stuart Boardman, director of channels and revenue partnerships at FullCircl, said that its identity verification services already cover more than 240 countries.

“This newly-announced partnership with LSEG significantly strengthens our capabilities in over 50 key territories, ensuring every user has single-point access to the tools they need to support embedded identity verification, at every stage of the customer lifecycle.

“This is a real game-changer for FullCircl and the regulated businesses we work with,” Boardman said.

Daniel Flowe, head of digital identity at LSEG, added: “We’re delighted to formalise our relationship with FullCircl, assisting them in helping regulated businesses frictionlessly verify the identities of individuals and legal entities with the highest degree of confidence, thanks to direct, instant access to our deep consortium of global 400-plus data sources.”

Further reading: The promise of inclusive digital identity