Contego, a UK software company providing cloud-based identity verification and fraud solutions, has been selected as one of the 2016 FinTech50. This is a list of the 50 most exciting European business that are helping to transform financial services, selected by an eminent panel of VC’s and financial service executives.
Created initially as a response to increasing levels of online fraud, Contego uses a SaaS (software as a service) licensing and delivery model to perform detailed real-time checks on people, companies and ID documents, in order to help optimise business processes, reduce risk of fraud and identity theft, and ensure compliance. This includes KYC (know your client or know your customer), AML (anti-money laundering) and due diligence checks. Contego is increasingly being recognised as one of the few providers of both corporate and personal data in a single API package, with the recent addition of workflow capabilities enhancing its ability to allow customers to access a wide range of data from multiple sources in a flexible product that can easily be embedded into a client’s processes.
This isn’t the only recognition that Contego has received in 2016. In January, Contego was selected into Accenture’s Fintech Innovation Lab London, a collaboration between Accenture and 16 leading financial institutions, to fast track engagement between large financial players and the next generation of financial service technologies.