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News

Bank-founded KYC service Invidem gets its first non-owner client in the Nordics

Tuesday 19 April 2022 12:13 CET | News

KYC service Invidem, founded by six banks in the Nordics, has announced it entered an agreement with Swedish fund management company Indecap Fonder.

Invidem’s KYC service is accessible to all Nordic businesses requiring generic and compliant KYC information. Indecap Fonder will be the company’s seventh – and first non-owner – client.

Indecap Fonder is a Swedish fund management company owned primarily by most of the Swedish savings banks. Indecap Fonder manage around 33 billion SEK in 9 different funds.

Invidem was founded in 2019 by six banks in the Nordics – Danske Bank, DNB, Handelsbanken, Nordea, SEB and Swedbank – as a joint venture. Invidem collects, validates and verifies generic KYC information for corporate customers and provides this information to entities under AML regulations. The service, launched in September 2021, uses a Nordic standard for the gathering and quality assurance of the information. 

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Keywords: KYC, AML, KYC utility, AMLD6, fraud detection
Categories: Fraud & Financial Crime
Companies: Indecap Fonder, Invidem
Countries: Sweden
This article is part of category

Fraud & Financial Crime

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Indecap Fonder

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Invidem

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