Tiller agrees a long-term deal with HSBC Expat

We are delighted to report that West Hill portfolio company, Tiller technologies, has signed a long-term agreement to provide its automated international address verification platform to HSBC Expat, representing a significant new client win.

Tiller is one of several fast-growing regulatory technology companies in the West Hill portfolio, providing automated digital solutions to enable corporate customers to streamline their operations and reduce costs, whilst improving their customers’ experience and meeting new regulatory requirements. 

HSBC Expat, is utilising Tiller’s innovative digital identity verification platform to address the unique challenge of combining local and international verification across jurisdictions, significantly enhancing labour intensive manual verification processes, streamlining costs, whilst improving the customer experience.

Jonathan Wauton, co-founder and CEO of Tiller Technologies said: 

‘Working with HSBC Expat highlights the importance of tech-based solutions in addressing complex challenges in offshore and international finance. We worked closely with HSBC Expat to create a strong solution which meets tough cross-border regulations and fits with the JFSC’s consultation efforts.’

Nicola Gardner, Head of Digital at HSBC Expat, added: 

‘Incorporating an automated address check solution into our onboarding process reflects our commitment as a Bank to provide a fully customer-centric approach. 

Our aim is to enhance the speed and efficiency of onboarding for our customers, wherever they are in the world. It also underlines our ambition to drive our own growth safely through the adoption of digital solutions that align to cross-border regulation.’

Tiller is on an exciting trajectory, having achieved substantial revenue growth last year in a period where around 100 corporate customers were signed to the Tiller Verify platform, whilst long-term licensing agreements are also in place with several credible financial institutions, including HSBC Expat, Mattioli Woods PLC and McInroy & Wood.