Digital compliance specialist, SmartSearch, has completed the acquisition of Credas Technologies.
The combined business will deliver enhanced flexibility and innovation, helping regulated firms across financial services, legal, accountancy, property, and insurance to manage risk and meet evolving KYC and AML requirements.
SmartSearch currently supports over 7,500 UK customers, providing automated sanctions, PEP, UBO, and adverse media screening. The combined business will serve more than 8,500 regulated firms and continue SmartSearch’s growth trajectory.
Phil Cotter, CEO of SmartSearch, commented: “This acquisition enables us to streamline onboarding and monitoring for regulated firms, combining complementary technologies to deliver greater efficiency and accelerate product development.”
Tim Barnett, CEO of Credas, said: “With financial crime on the rise, digital identity verification is more critical than ever. Joining SmartSearch allows us to help more businesses protect themselves and maintain compliance.”
Ben Shepherd, head of value creation and founding partner at SmartSearch investor, Triple Private Equity, added: “The acquisition of Credas reflects SmartSearch’s continued upward trajectory in the market for digital compliance solutions. We have no doubt that SmartSearch, with the addition of Credas, will continue to trailblaze in this fast-moving market.”
