PwC buys software to check customers’ bona fides

Ian McConnell and Lynne Rainey, partners with PwC, alongside Philip Creed and Alex Lee, director and chairman of FScom, respectively

Belfast-based compliance consultancy FSCom will create ten jobs over the next 12 months having agreed a deal to sell regulatory software to Big Four accounting firm PricewaterhouseCoopers (PwC).

PwC has acquired KYC-Pro – the Know Your Customer platform designed by FSCom to help financial institutions to prevent money laundering by authenticating customers – for an undisclosed sum.

KYC-Pro gives banks access to details of more than 127 million companies worldwide. It can be ...