Sphonic's Latest Client for KYC Solutions Announced

SEATTLE - June 16, 2015 - PRLog -- Seattle WA June 8^th 2015,

Sphonic, with offices in London, UK and Seattle, USA has been selected by San Francisco-based Funding Circle, the world’s leading marketplace lender exclusively focused on small business, to provide KYC / KYB (Know Your Customer and Know Your Business) services in support of its peer-to-peer lending platform in the US. Funding Circle joins Sphonic’s fast growing US customer base, following their recent expansion with the opening of a US office and appointment of veteran e-commerce risk executive and former MRC founder and chairman Tom Sullivan as its MD of Americas.

The innovative Workflow Manager (WFM) solution from Sphonic will enable Funding Circle to build a complete digital picture of each of its customers, allowing them to combine data from a variety of sources for unparalleled visibility over their user base activity. Leveraging data from the world’s leading identity and risk management vendors Sphonic provides greater context around data to derive the significance of customer registrations and transactions.

"We are delighted to be selected by Funding Circle to support their risk management needs," said Tom Sullivan, MD of Sphonic Americas.  "Our technology enables digital clients like Funding Circle to access the leading technologies in the fraud, identity and risk management space through a single API.  This means an organization like Funding Circle can receive a best-in-class solution and be compliant with the global regulatory environment through a single integration to Sphonic."

Sphonic manages the complexity of KYC regulation and risk management for a number of leading global brands in a challenging digital environment. Sphonic’s flexible WFM solution works across the entire digital commerce eco-system, e.g. customer identity and on-boarding, transaction screening, payments, wallets, e-banking and m-banking.

Sphonic works with leading vendors in the risk management space who provide identity services, device fingerprinting, IP geo-location, URL tracking, negative data, behavioral biometrics and a whole host of other technologies through a single API to serve the end client. By working in collaboration with the industry Sphonic is able to service a global client base, demonstrating value to all of its vendor partners.

About Sphonic

Sphonic is the trading name of Symphonic Solutions Limited based out of London, UK and with offices in Seattle (WA) in the Unites States. The company was established in 2011, with backing from private investors to develop and launch Workflow Manager. With the growth in e-commerce, mobile payments and consumer wallets, alongside increasing concerns around customer security, the Sphonic platform has been created with the growing demands for digital security. Workflow Manager enables clients to integrate with its innovative big data vendor network through a single API. Sphonic also provides professional services and research and development consulting for financial services, eCommerce and mCommerce clients globally.

For more information, visit www.sphonic.com

About Funding Circle

Funding Circle (www.fundingcircle.com) is the world's leading online marketplace for business loans, matching small businesses who want to borrow with investors who want to lend in both the UK and the US. Since launching in 2010, investors at Funding Circle - including 40,000 individuals, financial institutions and even the UK Government - have now invested more than $1 billion in 8,000 businesses globally. It has raised $273 million in equity capital from the same investors that backed Facebook, Twitter, Airbnb and Alibaba.

For further details & Media enquiries, please contact:

Tom Sullivan

Managing Director, Sphonic Americas

tomsullivan@sphonic.com

Mobile:  +1 (206) 200-5527