News

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.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

|

LSEG

|
Discover all the Company news on Global Data Consortium and other articles related to Global Data Consortium in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events