Sybrin, Monivation join forces to address global regulatory compliance challenges

Sybrin, a leading global and multi-industry software provider, has joined forces with Monivation, an innovative regulatory compliance technology company, as of 1 February 2021. Their aim is to accelerate business growth in Africa and beyond, and allow Monivation to expand on its delivery of scalable and robust compliance solutions by leveraging off the Sybrin Nitro low-code and payment platforms.

The partnership was formed based on a meeting of minds between the Sybrin and Monivation teams, both realising the significant value that can be unlocked through the partnership. Together, they will spearhead change through RegTech innovation and solve the often-complex regulatory compliance challenges that businesses face. The initial ready-for-market solution is a world-class due diligence offering, providing real-time biometric Know Your Customer (KYC) results, verifications and automated reporting within minutes. This solution forms part of Monivation’s wider Digital Compliance Officer offering.

“From the initial engagement with Sybrin, our team realised the significant opportunity that a partnership with them represented. Given the extensive experience and coverage provided by both teams, we know that we will be able to make a significant, positive impact in the industries and businesses we work with. Working closely with the Sybrin team gives us an advantage in a fast-moving environment to not only respond quickly to our clients’ specific needs, but also react rapidly to new emerging threats and risks our clients will be faced with. Through this partnership, with access to leading technology in the field, we’ll be able to scale at speed, and embrace the latest technology and innovation in our fight against financial crimes, while helping our clients to safeguard their businesses and respective customers.

Working closely with Marius Mare, Karabo Moloko and Chris Botes has helped us all to unlock new revenue opportunities and build relationships with a wider client base. Through the cohesive efforts and ground-breaking results achieved thus far by the two teams, we are confident that we will make big waves in the global regulatory compliance market through our disruptive technology and futuristic approach to compliance,”
says David Harrowsmith, CEO, Monivation.

“Our partnership with Monivation is one of our key initiatives to not only expand our offerings to the market, but also to play a positive role in our markets with respect to the prevention of financial fraud. Monivation has demonstrated deep subject matter experience, hence our ability as partner to provide both consulting expertise as well as the necessary software solution to enable effective execution of the due diligence process,”
says Marius Mare, Group CEO, Sybrin.