LSEG acquires Global Data Consortium to expand its digital identity solutions

Wednesday 6 April 2022 14:57 CET | News

The London Stock Exchange Group (LSEG) has announced it agreed to acquire Global Data Consortium Inc (GDC), a worldwide provider of identity verification data to support clients with KYC policies and requirements. 

Launched in 2012, GDC aims to deliver high-speed electronic digital identity verification. The company sources and enhances data from over 300 global data sources to provide digital identity verification almost in real-time, for over 70 countries. 

Through the acquisition, LSEG’s Customer and Third-party Risk business will use GDC’s services to offer digital identity verification to customers and, after the acquisition is completed, GDC will become a part of LSEG’s Data & Analytics division. 

The terms of the transaction have not been disclosed but the transaction is expected to close by the end of H1 2022, should it receive all regulatory approvals.

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Keywords: acquisition, identity verification, digital identity, identity method, online security, cybersecurity
Categories: Fraud & Financial Crime
Companies: Global Data Consortium, LSEG
Countries: World
This article is part of category

Fraud & Financial Crime

Global Data Consortium



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