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PwC acquires RegTech solution from fscom

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Global professional services firm, PricewaterhouseCoopers today announced the acquisition of KYC-Pro, a RegTech solution, from boutique financial services compliance firm, fscom, for an undisclosed amount.

The move comes as part of PwC’s plans to bolster and expand its regulatory compliance offering. Research shows that by 2020, European banks will spend more than €1 billion annually on their KYC management.

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