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Danish regtech NewBanking Identity arrives in the UK

Source: NewBanking Identity

With a highly secure and market leading SaaS-solution to the problem, the Danish regtech scale-up, NewBanking Identity, which is supported by the prestigious PwC Legal Tech Scale-up Programme, is now entering the UK market.

“We’re thrilled to get the chance to introduce NewBanking Identity to an international audience. NewBanking Identity is already installed and in use with a number of leading Danish and Scandinavian law firms. However, with the learnings we gain from PwC Scale in London, we’re aiming to make our platform truly global”, says NewBanking Identity’s CEO and founder, Christian Visti Larsen.

PwC Scale LawTech is a 10-week programme created to support B2B and B2B2C scale-ups to expand and grow within the law-tech and regtech domains. Launched in May of 2020 in London, the legal capital of the world, the programme is showcasing the latest fast-growth innovations across the legal technology space. The programme is for the selected few. NewBanking Identity and seven other technology scale-ups are working with some of PwC’s most knowledgeable Partners, Directors and consultants on refining the company’s pitch for potential opportunities from PwC's corporate network as well as getting first-hand knowledge about the UK market.

“Being part of the PwC programme has definitely sped up our entry in the UK. Now we’re ready to take on London with a product that has already proven its worth on some of the most heavily regulated markets in the world,” says Christian Visti Larsen.

Fitted for an ever-changing market
As the regulatory burden keeps growing and the penalties for non-compliance grow with them, businesses all over the world are doing their best to ensure they are not caught red-handed. The core principle behind NewBanking Identity’s game-changing KYC automation product is to let companies offer their clients a safe space for making their personal data available to them, but without the companies becoming data handlers thus lifting a big burden off their shoulders. The personal data is still the property of the customers, removing the threat of a GDPR incident, and the companies can document that they have checked all required information relevant to the latest anti-money laundering regulation.

“I’m quite confident that our offering of safe, fast, and reliable collection, storage and highly secure handling of personal data will find a receptive audience. What we offer is the many benefits of a one-stop solution that let our customers focus on their business while we’re constantly making sure they have the right system to live up to the ever-changing anti-money laundering and GDPR regulations,” says Christian Visti Larsen.

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