With the acquisition of STRATECO, SCHUFA is making anti-money laundering its second pillar of business
Strategic expansion: SCHUFA is acquiring STRATECO in order to establish a second pillar of business in the areas of KYC/compliance and anti-money laundering, alongside credit checks, and to position itself as a technology-driven partner for businesses.
Integrated compliance solution: The combination of STRATECO with ClariLab (KYCnow) creates the ‘SCHUFA Compliance Suite’, which offers comprehensive end-to-end coverage of the entire KYC value chain – from data and technology to operational services.
Response to market and regulatory developments: The acquisition addresses increasing requirements under EU regulations (including the AMLA), growing complexity and higher demand for KYC services, and is intended to establish SCHUFA as a leading provider in the European financial sector in the long term.
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Source: Schufa
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