The collaborative workspace for compliance teams

Meo accelerates European expansion with launch in Austria

Today, we're thrilled to announce that Meo is expanding into the Austrian market through a partnership with Compass-Gruppe. This move marks a significant milestone as we continue our mission to help our customers set new standards in compliance operations globally.

We're also excited to welcome Steffen Bilde, our former Chief Product & Technical Officer, as Meo’s new CEO. Steffen’s leadership will usher in a new phase of growth as we prepare to introduce even more advanced digital compliance solutions across markets.

Partnership with Compass-Gruppe

Our partnership with Compass-Gruppe is a key highlight of this expansion. Compass-Gruppe is the leading provider of business information in Austria and has been supplying companies and institutions with reliable and up-to-date data for 157 years.

"This partnership allows us to offer unique Austrian company and ownership data, streamlining operations for compliance teams and enhancing their efficiency," says Steffen Bilde, CEO at Meo.

Why Austria?

Austria is a natural fit for our growth ambitions due to its strong adherence to EU AML regulations and proactive adoption of digital compliance solutions. This market presents a robust opportunity for Meo to demonstrate our capabilities and expand our footprint.

With our entry into Austria, Meo now operates in five EU countries, reinforcing our dedication to providing tailored compliance solutions internationally.

Welcoming Steffen Bilde as our new CEO

Steffen Bilde brings a wealth of expertise from his previous roles at Dixa and Coinify, where he led product and customer-driven growth. We are excited to embark on this next chapter of our journey under his leadership.

"Steffen’s extensive experience is invaluable as we continue to innovate and enhance our platform for compliance teams," says Lars Jensen, Chairperson of the Board at Meo. "His ability to balance perfecting products with timely delivery, along with his deep customer focus and leadership across all organizational levels, will drive our next phase of growth."

About us

Meo is a modern operating system for compliance teams in AML-regulated businesses. Our end-to-end platform for KYC and KYB enhances compliance capabilities for B2B clients in the legal and financial services sectors. Founded in 2017, our mission is to simplify complex regulatory landscapes into manageable, user-friendly solutions, fostering safer business operations.

Stay tuned for more updates as we continue to grow and innovate!

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Today marks a pivotal moment in our journey. NewBanking, a name you've known and trusted, is evolving. We're thrilled to announce our rebranding to Meo – a name that resonates with our core mission and vision. Meo, meaning ‘My’ or ‘Mine’ in Latin, is more than just a name. It's a declaration of our unwavering commitment to individual data ownership and privacy.

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Why Meo?

In an era where digital footprints are expanding rapidly, the importance of data privacy can't be overstated. Meo is our answer to the growing need for control over digital identities and personal data. This new name embodies our belief that everyone should have the power to manage their digital presence securely and effortlessly. "Meo is uniquely built with Privacy by Design at its core, placing individuals firmly in control of their data, simplifying GDPR and CCPA compliance and acting as a responsible custodian of identities," states Christian Visti, our CEO. Meo is not just a service; it's a promise to uphold the highest standards of data privacy and give back control where it belongs – in the hands of individuals, accessible by you with their consent.

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Simplicity in complexity

The digital world, with all its opportunities, brings a complexity that can be daunting. Our role at Meo is to cut through this complexity, offering a platform that simplifies and streamlines everything related to compliance and data management. Whether it's onboarding and managing digital identities or ensuring regulatory compliance, we're here to make these tasks as seamless as possible. Our goal is to take the burden off your shoulders, letting you focus on what you do best, while we handle the intricacies of data privacy and compliance.

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Meo: Empowering compliance professionals

To our dedicated compliance professionals, we understand the challenges you face daily. With Meo, we're not just offering a tool; we're providing a partnership. Our platform is designed to enhance your capabilities, making you more efficient and effective in your role. "Our renewed product vision focus on supporting the complex nature of business verification, case management, custom risk modelling and automated scoring, rule-based AML checks, and superior UBO clarification - all while elevating the user experience to unprecedented heights," says Steffen Bilde, our Chief Product and Technology Officer. The transition to Meo means access to more advanced features, more robust support, and a community committed to excellence in AML compliance. In short, Meo is your superpower in the complex world of data privacy and regulatory compliance.

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What stays the same?

While our name changes, our foundational principles remain steadfast. We continue to offer top-notch tools to onboard and manage digital identities (businesses and individuals), reduce risk, and ensure regulatory compliance. What changes is our enhanced focus on trust, transparency, and security – without any compromises.

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What's next?

As we step into this new chapter as Meo, we're excited about the possibilities ahead. For our existing customers, this transition is a step up in the services and value you will receive. For those considering joining us, welcome to a new era of onboarding and managing digital identities and personal data with unmatched ease and security.

Keep an eye out for more exciting updates as we continue to evolve and enhance our offerings. Together, let's embrace the future with Meo – where your digital identity and data privacy are in safe hands.

“Meo integrated perfectly with our existing systems”

KommuneKredit’s goal is to offer leasing and loans to Danish municipalities, regions and joint municipal companies. Previously, only the leasing part required identification from the owners, but it has also become a requirement for the loans. Therefore, KommuneKredit had to find a system to handle the safe-keeping of personal information.

“It is a significant task to store and manage personal data in the correct manner. Our goal was to outsource the safe-keeping of data because we believe in “best-of-breed”, meaning that we all do what we are best at. Therefore, we have not for one second considered developing a solution on our own”, says Christian Jeppesen, customer director and AML manager, who was responsible for finding the best, suitable platform for KommuneKredit.

When you deal with companies, it is simple to identify who the CEO is and who owns the company. But it is different in a municipality - because who is the ultimate beneficial owner, whose identity needs to be verified?

Today, the definition states that the mayor and the municipality director must be considered the municipality’s ultimate beneficial owners. Therefore KommuneKredit keeps the sensitive data of all Danish mayors and municipality directors under lock and key on the Newbanking Identity platform. Only a few designated employees of KommuneKredit have access to this information.

Difficult to develop on our own

“If we had to develop a platform, we would need a lot of governance to determine who should gain access and under which conditions. Aside from the fact that the actual development of the platform would be very complex, it would also involve far too much administrative work with too many unknown factors”, says Christian Jeppesen and continues:

“Today, everything is automated in Meo, where we carry out spot checks on all identity documentation in the system. The platform is easy to work with, and every time we are in dialogue with the Meo founders, they have proved to have an extensive knowledge regarding KYC and GDPR procedures, which gives us a high sense of security.”

Integration with our customer management system

For KommuneKredit, however, a few other factors came into play in choosing a platform to manage their KYC and GDPR compliance. They needed to integrate the KYC system directly with their current customer management system. By integrating Meo with KommuneKredit’s customer management system, it becomes easy for the employees to email their customers, for example, when they must update their identification documents.

Moreover, KommuneKredit was facing a replacement of their current CSR system with a new one, and thus, it was essential to find an easy integrative platform.

“The entire process of implementing Meo in the daily routines has been very agile, and Meo has been very responsive to help to integrate with our customer management system. They are super skilled at integrating the platform with the other systems we use, which is pivotal. The platform works impeccably and has high operational stability. By all means, we have acquired a great solution that meets the full range of our needs”, says Christian Jeppesen.