Ontra has launched a fully outsourced third-party KYC service for private market firms, the San Francisco-based AI-powered solutions provider said.
The service provides fund managers with a dedicated analyst who handles each KYC request from initiation to clearance, including counterparty correspondence and documentation. Ontra’s KYC solution operates from custom playbooks that define positions, templates and escalation rules for each firm, maintains a centralized knowledge base for KYC data and offers per-request pricing. The service addresses the growing volume of inbound KYC requests fund managers face as they manage multi-entity structures, credit facilities and vendor onboarding.
“Our customers are constantly looking for ways to move faster amidst increased market complexity,” Ontra CEO and founder Troy Pospisil said in a news release. “With KYC, you get a dedicated team backed by the leading platform built for the private markets.”
