In the announcement:
“Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology company, is pleased to announce it will go live with the provision of its API services to LegalinX, UK, this week. “
LegalinX, part of the GlobalX Group, will use Kyckr’s primary source registry data to provide global company regulatory filings to the legal and accounting sectors and its thousands of professional customers. The integration of Kyckr’s API into the LegalinX platform is now complete and is expected to go live this week.
Kyckr will earn recurring fees from the download of company regulatory filings by LegalinX platform users, delivering recurring revenues in FY18.
Executive Chairman of GlobalX, Cameron Beavis, said: "Partnering with Kyckr was a natural fit and decision for LegalinX, as they share our passion for innovation and commitment to delivering our clients the most accurate, trusted and critical information in the market."
Managing Director of Kyckr, David Cassidy states: "The use of Kyckr by LegalinX demonstrates the growing versatility of Kyckr’s services and relevance to different industry sectors and markets. Although our core focus is to help financial institutions easily comply with growing global KYC (Know Your Customer) regulatory and legislative requirements, the flexibility of Kyckr’s capabilities makes our primary source registry data services highly relevant to a broader range of industries and applications.""
So much great news but the SP just keeps going lower
KYK Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held