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Innovation Spotlight: Credas, UK’s leading RegTech

Small but Mighty

As a leading consultancy in the RegTech space, Aventine Lab has closely tracked the evolution of compliance technologies. Among the standout performers is Credas, a company with fewer than 50 employees yet one that has unbelievable market share and presence. 

In November 2023, Credas was acquired by Dye & Durham, a move that has significantly elevated its market position. Under its new ownership, Credas expanded its customer base by an impressive 40%, securing major clients such as EY while continuing to serve long-standing partners like Deloitte.

Dominating the Compliance Landscape

Credas is now used in over 52% of residential housing transactions in the UK, either directly or through partnerships. Notably, many compliance providers utilise Credas’ solutions on a white-label basis.

Operating at an impressive scale, Credas processes over 35,000 compliance checks daily, amounting to more than 4 million checks annually. This operational efficiency is matched by the popularity of its app, which has amassed over 250,000 reviews. These are very healthy stats, for a company of its size.

Credas KYC end user
Credas KYC end user

Product Market Fit

Ultimately, its success can be attributed to comprehensiveness and ease of use.

Designed to streamline client onboarding, its platform covers

  • Know Your Customer In-house built EID&V and KYC verification flows
  • Screening & Ongoing Monitoring PEP/Sanctions/Adverse Media 
  • Right to Rent is a critical feature as landlords face increasing penalties for non-compliance.
  • NFC chip verification ensures compliance with conveyancing directives.
  • Know Your Business checks providing data on company ownership, directors and o

For a Property & Professional firm Credas has everything one needs to onboard clients and run all the verifications and checks. It is also a lot more cost effective than purchasing point based solutions for different parts of the process.

credas-dashboard
credas dashboard

Looking Ahead

Credas has its sights set on further innovation with the planned introduction of a digital identity wallet. This new feature will allow regulated entities to onboard clients instantly, leveraging prior verifications conducted through Credas.

With such advancements, Credas is poised to solidify its position as the most widely used compliance tool in the UK, with ambitions to expand its influence across Europe.

Credas KYB
Credas KYB

Why Credas Stands Out

Yes, there are competitors in the market, but few can claim the same level of dominance as Credas:

  • 52% market share in the UK, the world’s leading commercial market.
  • Backing from Dye & Durham, a proven catalyst for growth.
  • A track record of consistent innovation and industry leadership.

Final Thoughts

For anyone looking to simplify onboarding, enhance due diligence, or strengthen their regulatory framework, Credas is a company worth exploring.

You can also review our analysis of Credas here.

author avatar
Arsalan Abbasi Founder
LegalTech & RegTech Expert

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