One of Guernsey's leading fintech businesses has been
licenced by the Guernsey Financial Services Commission to
carry on Controlled Investment Business.
The ID
Register was developed in Guernsey by Tim
Andrews as part of Apex Group but was subject to a
management-led buyout in 2020.
Each investor controls their own information in a profile,
which, once approved, they can connect to their investments and
service providers like a 'passport'.
The regulation supports The ID Register's single-sign-off
service for investors, funds and service providers alike. Achieving
regulated status in a mature and sophisticated jurisdiction such as
Guernsey allows investors to be approved once in a private profile,
leaving further KYC requests to The ID Register; allows fund
managers to rely on its approval, giving investors a better
experience at lower cost; and allows service providers to reduce
risk, lower overheads and win new business.
