LegitScript, the leader in merchant and product certification and monitoring, announced the acquisition of Kompliant, a leading compliance orchestration platform for banks and financial services providers. This strategic move unites LegitScript’s comprehensive risk monitoring, which blends cutting-edge AI, unparalleled human expertise, and unmatched market intelligence, with Kompliant’s automated full-lifecycle compliance solution.
For over 15 years, LegitScript has set the standard for transparency and trust in the digital commerce and payments landscape, offering payments companies unmatched visibility into online merchant risk. LegitScript’s expansive data offers global risk detection expertise in more than 60 high-risk areas and cross-platform intelligence that spans merchants, ad platforms, marketplaces, and social media.
The acquisition addresses the critical market need for enhanced efficiency, service reliability, and global scale in underwriting and merchant risk management. Many payments companies currently struggle with legacy, siloed onboarding processes that create delays, increase risk, and lead to merchant churn. The integration of Kompliant’s advanced underwriting and compliance workflow automation technology with LegitScript’s established risk intelligence data, onboarding, and monitoring capabilities will create a unified suite of products designed to streamline compliance operations across the payments ecosystem.
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“This acquisition represents a major step forward in our mission to make the internet and payments ecosystem safer and more transparent,” said Scott Roth, CEO of LegitScript. “By integrating Kompliant’s compliance orchestration with LegitScript’s market-leading Merchant Risk Solutions, we are not just improving compliance – we are fundamentally redefining how payments companies manage risk and confidently scale growth. We capture the risk others miss, and now we can embed that protection directly into automated workflows for our clients.”
Kompliant’s technology is proven to reduce onboarding time, accelerating merchant activation and revenue realization. The unified platform ensures end-to-end compliance across the entire merchant lifecycle, covering rapid digital application processing, fully automated KYB and KYC verification, and event-driven re-underwriting.
“Kompliant was founded to turn compliance into a growth superpower for the financial services industry, enabling effortless application, faster conversion, and a reduction in operating costs,” added Leo Patching, CEO of Kompliant. “Joining forces with LegitScript accelerates innovation and allows us to deliver global scale and unmatched data-driven insights to clients across the entire merchant lifecycle.”
Source: BusinessWire
