Backbase Partners with Middesk for KYB Verification and Opens New Amsterdam HQ

Backbase, the creator of the Engagement Banking Platform, has announced two major developments aimed at driving innovation in the financial sector: a strategic partnership with Middesk to enhance Know-Your-Business (KYB) verification for banks and credit unions, and the grand opening of its new global headquarters in Amsterdam.

The integration with Middesk, a business identity platform, will enable financial institutions to streamline business verification and underwriting processes in real-time. This collaboration provides banks and credit unions with access to up-to-date verification data from databases like the IRS, USPS, and OFAC, helping them mitigate fraud and comply with regulatory standards. “This partnership enhances our ability to deliver seamless, modern solutions that meet compliance standards, without slowing down the onboarding process,” said Robert Soetens, VP of Product at Backbase.

Meanwhile, the opening of Backbase’s new 5,000 square-meter headquarters in Amsterdam symbolizes the company’s commitment to innovation, collaboration, and sustainability. Jouk Pleiter, Founder and CEO of Backbase, highlighted that this move represents the next phase of Backbase’s 20-year journey, marking its dedication to reimagining banking around the customer. The new headquarters, designed to inspire creativity and teamwork, also underscores Backbase’s focus on sustainability, incorporating eco-friendly materials and energy-efficient systems.

Together, these developments demonstrate Backbase’s commitment to delivering cutting-edge solutions while fostering a culture of innovation and collaboration to meet the evolving needs of the banking industry.