Harmoney acquires APPC, the Forsides Group KYC & AML Subsidiary
Bringing Unified Compliance to Financial Institutions
Ghent & Paris, October 31, 2024 – Harmoney and Forsides Group are delighted to announce that Harmoney and Forsides subsidiary APPC will further strengthen their partnership with the acquisition of APPC by Harmoney. This strategic move aims to provide financial institutions with a comprehensive, all-in-one compliance solution. The acquisition enables the integration of all regulatory processes on a single, streamlined platform, ensuring strong compliance in a continuously evolving regulatory landscape.
Driven by the need to consolidate regulatory operations, the joint solution covers a wide range of key compliance areas, including anti-money laundering (AML), anti-corruption, the EU’s Insurance Distribution Directive (IDD), dormant contracts, and corporate social responsibility (CSR).
Retaining and Enhancing
APPC The APPC brand will remain and its services will be expanded and improved upon with Harmoney’s offerings. Existing APPC customers will benefit from this growth, gaining access to a broader suite of tools and services that will help them to deliver top-tier compliance.
Comprehensive Compliance Approach
By joining forces, both Harmoney and APPC leverage their combined expertise to deliver an integrated compliance solution that meets the rising demands of regulatory pressure and the growing importance of data management. This acquisition combines the strengths of both companies, creating a platform that not only simplifies and streamlines compliance management but also supports financial institutions with advisory services, training and alert management.
"Our collaboration over the past five years has allowed us to develop an advanced and flexible technological solution, tailored to the specific needs of financial institutions in the area of AML-CFT," says Thomas Van Maele, CEO of Harmoney. "Today, we are reaching a new milestone. “Together, we offer a platform that simplifies regulatory management through cutting-edge technology, paired with comprehensive support services. This way, we deliver an all-in-one compliance service.”
Through strategic partnerships with players like SAS and Dow Jones, we have developed a robust platform. With Harmoney, we are strengthening our commitment to simplifying compliance for our clients and anticipating regulatory developments."