Business
Why the Kyckr (ASX:KYK) share price surged 19% today
The Kyckr Ltd (ASX: KYK) share price was rocketing this afternoon after the company announced a partnership with BAE Systems Applied Intelligence.
At the close of trading, the regulatory technology company’s shares were up 18.9%, trading at 6.9 cents.
Let’s take a closer look at the new alliance.
What did Kyckr announce?
In today’s release, Kyckr advised that it has partnered with BAE Systems to address anti-money laundering and compliance issues posed by regulated firms. The company aims to deliver reliable and efficient know-your-customer (KYC) and customer due diligence (CDD) solutions.
Kyckr believes the alliance will empower mutual customers to benefit from its solutions. Its network spans more than 180 registries and…
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