SmartSearch has agreed to acquire Credas Technologies Ltd – a provider of identity verification solutions for the legal and property sectors.

The acquisition, which is subject to regulatory approval, enhances SmartSearch’s position as a leading Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance platform.

SmartSearch & Credas

With the acquisition, the company has expanded its product offering and market reach.

This is said to deliver even greater flexibility and value to SmartSearch’s clients across regulated industries.

The combined expertise will drive innovation, enhance customer experience and support continued growth in a market facing increasing regulatory scrutiny.

Credas currently supports over 1,000 legal and property clients, streamlining onboarding and improving customer journeys.

“We combine our strengths”

Phil Cotter, CEO, SmartSearch commented: “Regulated firms are under pressure to meet rising KYC and AML demands while delivering seamless onboarding.

“By joining forces with Credas, we combine our strengths to deliver unmatched innovation and service. Our clients will see immediate benefits as we continue to set the standard for digital compliance.”

Tim Barnett, CEO, Credas added: “With financial crime on the rise and fraud tactics evolving, digital identity verification is more critical than ever.

“Partnering with SmartSearch empowers us to help even more businesses protect themselves and focus on delivering quality service.”