rewrite this title Signicat Partners with AsiaVerify to Help Businesses Meet Compliance Requirements – Finovate

Digital identity solutions provider Signicat has teamed up with data specialist AsiaVerify.

The strategic partnership will help businesses looking to expand from Europe to Asia, and vice versa, meet local regulatory compliance requirements with regards to KYC, KYB, and UBO.

Headquartered in Norway, Signicat made its Finovate debut at FinovateEurope 2017 in London.

Digital identity and fraud prevention solutions provider Signicat has forged a strategic partnership with APAC-region data specialist AsiaVerify. The partnership will enable Signicat to expand its reach across the Asia-Pacific region, helping businesses comply with local regulations as they seek to expand their operations from APAC to Europe and from Europe to APAC.

“Our globally compliant digital identity solutions enable us to support our customers’ expansion needs wherever they grow,” Signicat Chief Product and Marketing Officer Pinar Alpay said. “This partnership enriches our capabilities in the Asia-Pacific, offering our clients more localized data to expand confidently into this high-growth market while maintaining compliance with regional and global standards.”

AsiaVerify is Signicat’s first APAC-specific data provider, offering real-time access to authoritative data from official sources in countries like China and Singapore. The partnership will help businesses looking to enter the APAC region by making it easier for them to navigate, manage, and comply with often complex local regulatory requirements.

AsiaVerify provides real-time access to critical data from trusted sources to support Know Your Customer (KYC), Know Your Business (KYB), and Ultimate Beneficial Ownership (UBO) identification in companies throughout Asia. AsiaVerify’s platform delivers instant access to translated records from more than 344 million companies, more than 106 million alerts including court records and bankruptcies, and more than 2.9 billion individuals including government IDs, phone numbers, watchlists, and more.

“Asia presents vast opportunities for growth and expansion, yet it also brings unique challenges, particularly around meeting local regulatory demands,” AsiaVerify Head of U.K. and Europe Joanna Wands said. “Addressing these challenges is at the heart of what we do, and we felt a strong alignment with Signicat in this shared commitment to addressing industry challenges effectively.”

Norway-based Signicat made its Finovate debut at FinovateEurope 2017 in London. Today, more than 13,000 companies around the world use Signicat’s digital identity solutions. Signicat’s identity platform manages the entire customer lifecycle from compliant onboarding and secure login to electronic signing and orchestration. The company supports 240+ data sources to facilitate business and individual identification, including national eIDs, ID document scanning and biometric verification, as well as data sources for AML, KYC, and KYB checks.

Last month, Signicat was featured in the first edition of Europe’s Long-Term Growth Champions 2025 published by Financial Times and Statista. Also in October, the company unveiled its Open Banking Hub, which provides businesses with a secure and consensual way to verify an individual’s personal information via their banking account. The Open Banking Hub provides broader identity verification options for customers, and greater security for businesses when verifying bank account ownership, affordability, or account information.

Founded in 2007, Signicat is led by CEO Asger Hattel.

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Photo by Avonne Stalling

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