The ID Register aims to become the central clearinghouse for KYC and investor on-boarding and has grown to over 25,000 investor profiles.
Each investor controls their own information in a profile, which, once approved, they can connect to their investments and service providers like a ‘passport’. As a neutral hub, The ID Register will expand its base of alliance partners and clients; extend its regulated services and invest heavily in support of its technology and operating model.
Tim Andrews, Founder of The ID Register comments: “A one-and-done subscription and KYC solution provides an obvious advantage for investors, fund managers and service providers alike, especially in a post pandemic world where technology underpins great service and efficiency. We have a strong team and will now invest for growth as we increase the pace of our technology development; become regulated; and extend the depth and range of our services. I am grateful for the support of Peter Hughes and the wider Apex team and we are excited about our next stage of growth as an independent company”.
David Rhydderch, Global Head of Financial Solutions, Apex Group, added: “We have enjoyed working with Tim and the management team of The ID Register over the last four years and we look forward to remaining an alliance partner, supporting the company as it continues on its growth trajectory. We will follow the company’s growth closely and with interest as they pursue their strategy as an independent hub for the funds and corporate services industry”.
