Wies\u00adba\u00adden \u2013 SCHUFA Holding AG is acqui\u00adring STRATECO GmbH and syste\u00adma\u00adti\u00adcally expan\u00adding its KYC and compli\u00adance busi\u00adness to serve as a second stra\u00adte\u00adgic pillar along\u00adside credit assess\u00adment. The goal is to streng\u00adthen its posi\u00adtion as an inde\u00adpen\u00addent, tech\u00adno\u00adlogy-driven part\u00adner for corpo\u00adrate clients. The \u201cSCHUFA Compli\u00adance Suite\u201d will inte\u00adgrate seam\u00adlessly into the German finan\u00adcial ecosys\u00adtem and estab\u00adlish itself as the de facto stan\u00addard for compli\u00adant and effi\u00adci\u00adent compli\u00adance solutions. <\/p>\n
The focus is on combi\u00adning the comple\u00admen\u00adtary exper\u00adtise of Clari\u00adLab (KYCnow)\u2014a SCHUFA subsi\u00addiary estab\u00adlished in 2020\u2014and STRATECO under the umbrella of the \u201cSCHUFA Compli\u00adance Suite.\u201d While SCHUFA, through Clari\u00adLab, contri\u00adbu\u00adtes scalable, stan\u00addar\u00addi\u00adzed KYC proces\u00adses in parti\u00adcu\u00adlar, STRATECO comple\u00adments the offe\u00adring with 25 years of expe\u00adri\u00adence prima\u00adrily in corpo\u00adrate and invest\u00adment banking. This crea\u00adtes an inte\u00adgra\u00adted offe\u00adring that combi\u00adnes data, tech\u00adno\u00adlogy, and opera\u00adtio\u00adnal services across the entire KYC value chain and provi\u00addes finan\u00adcial insti\u00adtu\u00adti\u00adons with compre\u00adhen\u00adsive solu\u00adti\u00adons. At the same time, SCHUFA is actively support\u00ading the Euro\u00adpean harmo\u00adniza\u00adtion of anti-money laun\u00adde\u00adring efforts through this approach and addres\u00adsing the growing demand for KYC services in the finan\u00adcial sector. The parties have agreed not to disc\u00adlose the purchase price. <\/p>\n
With this acqui\u00adsi\u00adtion, STRATECO will become a wholly owned subsi\u00addiary of SCHUFA and a sister company of ClariLab.<\/p>\n
Anti-Money Laun\u00adde\u00adring: SCHUFA Beco\u00admes the Go-To Part\u00adner for Banks \u201cOur anti-money laun\u00adde\u00adring efforts and those of SCHUFA comple\u00adment each other perfectly,\u201d says Laurence Dick\u00adler of STRATECO. \u201cSCHUFA brings to the table, above all, the high quality of its data\u00adbase and the strong trust in its brand name. By combi\u00adning our efforts, we have the poten\u00adtial to become the market leader,\u201d adds Dickler. <\/p>\n \u201cThe Euro\u00adpean Anti-Money Laun\u00adde\u00adring Regu\u00adla\u00adtion will bring about lasting chan\u00adges to the market and further increase the demand for high-quality data, smart tech\u00adno\u00adlo\u00adgies, and effi\u00adci\u00adent proces\u00adses. Toge\u00adther with STRATECO and SCHUFA, we are laying the ground\u00adwork to support our custo\u00admers through this trans\u00adfor\u00adma\u00adtion,\u201d says Tobias Weber, CEO of KYCnow. <\/p>\n Expan\u00adding into Higher Market Segments with STRATECO<\/strong> Clari\u00adLab, foun\u00added six years ago, opera\u00adtes the KYCnow tech\u00adno\u00adlogy plat\u00adform and has appro\u00adxi\u00adm\u00adately 700 custo\u00admers, inclu\u00adding 400 banks. The platform\u2019s main func\u00adtion is to effi\u00adci\u00adently auto\u00admate stan\u00addar\u00addi\u00adzed KYC proces\u00adses. The two compa\u00adnies comple\u00adment each other perfectly and form an end-to-end KYC value chain. <\/p>\n The acqui\u00adsi\u00adtion is a response to market complexity With its approach, SCHUFA is speci\u00adfi\u00adcally posi\u00adtio\u00adning itself as a natio\u00adnal provi\u00adder. Howe\u00adver, it alre\u00adady colla\u00adbo\u00adra\u00adtes with the German bran\u00adches of seve\u00adral inter\u00adna\u00adtio\u00adnal finan\u00adcial insti\u00adtu\u00adti\u00adons and will incre\u00adasingly support its custo\u00admers in Euro\u00adpean markets in the future. In this way, SCHUFA also helps safe\u00adguard the sove\u00adreig\u00adnty of the German banking sector. <\/p>\n SCHUFA The SCHUFA commitment <\/p>\n","protected":false},"excerpt":{"rendered":" Wies\u00adba\u00adden \u2013 SCHUFA Holding AG is acqui\u00adring STRATECO GmbH and syste\u00adma\u00adti\u00adcally expan\u00adding its KYC and compli\u00adance busi\u00adness to serve as a second stra\u00adte\u00adgic pillar along\u00adside credit assess\u00adment. The goal is to streng\u00adthen its posi\u00adtion as an inde\u00adpen\u00addent, tech\u00ad\u00adno\u00ad\u00adlogy-driven part\u00adner for corpo\u00adrate clients. The \u201cSCHUFA Compli\u00adance Suite\u201d will inte\u00adgrate seam\u00adlessly into the German finan\u00adcial ecosys\u00adtem and [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":60468,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[1366],"tags":[],"class_list":["post-60470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\n<\/strong>
\n \u201cBy combi\u00adning STRATECO and KYCnow, we are crea\u00adting a unique, inte\u00adgra\u00adted end-to-end solu\u00adtion for our custo\u00admers that spans the entire KYC value chain. In this way, we are brin\u00adging toge\u00adther exper\u00adtise and tech\u00adno\u00adlogy to conti\u00adnuously increase our coll\u00adec\u00adtive impact in the fight against money laun\u00adde\u00adring. Accor\u00adding to esti\u00adma\u00adtes, more than 100 billion euros are ille\u00adgally funneled into the finan\u00adcial system in Germany every year,\u201d says Tanja Birk\u00adholz, CEO of SCHUFA Holding AG<\/strong>.<\/p>\n
\nBased in Bad Homburg, foun\u00added 25 years ago, and employ\u00ading appro\u00adxi\u00adm\u00adately 160 full-time staff, STRATECO poss\u00ades\u00adses exten\u00adsive regu\u00adla\u00adtory and proce\u00addu\u00adral exper\u00adtise, in-depth expe\u00adri\u00adence in regu\u00adla\u00adtory consul\u00adting projects and mana\u00adged services enga\u00adge\u00adments, as well as a strong track record with Tier 1 and Tier 2 insti\u00adtu\u00adti\u00adons. With this move, STRATECO expands SCHUFA\u2019s port\u00adfo\u00adlio to include high-end case coverage in this highly criti\u00adcal area. The two compa\u00adnies have a long-stan\u00adding part\u00adner\u00adship. STRATECO gene\u00adra\u00adtes appro\u00adxi\u00adm\u00adately 90 percent of its reve\u00adnue from services rela\u00adted to compli\u00adance and regu\u00adla\u00adtory affairs. <\/p>\n
\n<\/strong>
\n The acqui\u00adsi\u00adtion is also a response to the incre\u00adasing requi\u00adre\u00adments for anti-money laun\u00adde\u00adring in the wake of Euro\u00adpean regu\u00adla\u00adtion and the new EU super\u00advi\u00adsory struc\u00adtures surroun\u00adding AMLA. These are leading to grea\u00adter comple\u00adxity in data and proces\u00adses, as well as more frequent audits. <\/p>\n
\n<\/strong>
\n The Asso\u00adcia\u00adtion for Gene\u00adral Credit Protection\u2014SCHUFA\u2014helps people fulfill their finan\u00adcial goals in a straight\u00adfor\u00adward, secure, and afforda\u00adble way. We work to ensure that people can conduct busi\u00adness quickly and conve\u00adni\u00adently and that compa\u00adnies can place their trust in them\u2014even without knowing them perso\u00adnally. We reduce the risk of default for provi\u00adders of credit, goods, and services, which makes it possi\u00adble to do more busi\u00adness on favorable terms. In this way, we support growth and prospe\u00adrity in Germany. SCHUFA is an important part of our economy. Using state-of-the-art tech\u00adno\u00adlogy, we analyze and evaluate over 350,000 inqui\u00adries every day. This allows us to align the needs of consu\u00admers with the secu\u00adrity requi\u00adre\u00adments of provi\u00adders. We gene\u00adrate credit scores and offer solu\u00adti\u00adons that help indi\u00advi\u00addu\u00adals and busi\u00adnesses protect them\u00adsel\u00adves against iden\u00adtity theft and fraud. We make a signi\u00adfi\u00adcant contri\u00adbu\u00adtion to preven\u00adting money laun\u00adde\u00adring and help limit the resul\u00adting econo\u00admic damage. We also provide a plat\u00adform for the cross-indus\u00adtry exch\u00adange of sustaina\u00adbi\u00adlity data. SCHUFA employs appro\u00adxi\u00adm\u00adately 1,000 people and gene\u00adra\u00adted appro\u00adxi\u00adm\u00adately 293 million euros in reve\u00adnue in the 2025 fiscal year. <\/p>\n
\n<\/strong>
\n SCHUFA has conti\u00adnuously expan\u00added its social commit\u00adment in recent years, contri\u00adbu\u00adting to a trans\u00adpa\u00adrent finan\u00adcial culture and debt preven\u00adtion in Germany. As an infor\u00adma\u00adtion service provi\u00adder for busi\u00adnesses and consu\u00admers, many projects focus prima\u00adrily on educa\u00adtion and data protec\u00adtion. The most important projects at a glance: The annu\u00adally published Risk and Credit Compass exami\u00adnes the consu\u00admer compe\u00adtence and credit beha\u00advior of German citi\u00adzens. The SCHUFA Consu\u00admer Advi\u00adsory Board discus\u00adses current consu\u00admer issues and deve\u00adlops recom\u00admen\u00adda\u00adti\u00adons for SCHUFA. The SCHUFA Ombuds\u00adman acts as a neutral media\u00adtor, addres\u00adsing consu\u00admer concerns. With the educa\u00adtio\u00adnal initia\u00adti\u00adves \u201cWirt\u00adschafts\u00adWerk\u00adstatt \u2013 Nimm deine Finan\u00adzen in die Hand\u201d (Econo\u00admic Work\u00adshop \u2013 Take Control of Your Finan\u00adces) and \u201cSCHUFA macht Schule\u201d (SCHUFA Goes to School), SCHUFA is commit\u00adted to deve\u00adlo\u00adping finan\u00adcial liter\u00adacy among young people and young adults. Through the FIX study, SCHUFA advo\u00adca\u00adtes for grea\u00adter finan\u00adcial parti\u00adci\u00adpa\u00adtion, and as a part\u00adner of Special Olym\u00adpics Germany, it is commit\u00adted to the inclu\u00adsion and parti\u00adci\u00adpa\u00adtion of people with intellec\u00adtual disabilities. <\/p>\n