FullCircl Connects the Dots on Corporate Ownership Structures with New Product Release
In a significant product update this month FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps B2B companies in financially regulated industries do better business faster, will bring transparency to complex corporate structures. Connecting the dots on fragmented corporate ownership data, FullCircl is pulling back the veil so that compliance teams can continually visualise exactly who they are doing business with.
To mitigate regulatory and reputational risk, it’s never been more important for financial institutions and other regulated entities to understand who they are doing business with. However, increasingly complex corporate structures and fragmented ownership data obscure a complete view and prevent organisations from effectively assessing risk. Not only does this pose challenges to meet regulatory requirements, but it also impacts the customer experience by creating friction in the onboarding process.
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FullCircl’s product launch connects the dots, bringing together a complete ownership view including:
- Summary of ownership
- Companies House Persons of Significant Control (PSC)
- Shareholder data
- Corporate family tree
- Subsidiary data
- Portfolio companies
- Ultimate Beneficial Ownership (UBO) data
Commenting on this release, Shazia Anthony, Senior Product Marketing Manager at
FullCircl, commented:
“For regulated businesses, identifying who owns and exercises control over the entities they do business with has traditionally been incredibly time consuming, expensive, and fraught with inaccuracies that expose them to both regulatory and reputational risk. Complex corporate structures, often by design, do not lend themselves to ease of analysis. Our product now offers the ability to accurately map out and visualise a complete view of corporate ownership, so that regulated businesses understand who they are doing businesses with and can manage risks in the most accurate and cost-effective way possible.”
“A complete ownership view also offers the chance to enhance customer relationships at every stage of the customer lifecycle – identifying the right customers, onboarding them faster, and keeping them for life.”
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