nCino KYC Africa

What nCino KYC Africa does

nCino KYC Africa (legal entity: nCino South Africa (Pty) Ltd) is a Johannesburg-based FICA and AML compliance SaaS platform serving South African accountable institutions. Founded in 2013 as DocFox and acquired by nCino Inc. (NASDAQ: NCNO) in 2024, the company operates a cloud-based platform built on AWS infrastructure with Heroku platform services, offering digital client onboarding, watchlist and adverse media screening, configurable risk rating, real-time bank account verification, and bundled compliance services. The platform is differentiated by the most comprehensive South African DPEP/PIP database, biometric liveness verification with Department of Home Affairs integration, and a combined software-plus-expert-services model delivered by certified AML specialists and attorneys.

The company serves a broad vertical footprint spanning law firms, banks, real estate, stock brokers, forex traders, financial advisors, credit and lending providers, high-value goods dealers, motor vehicle dealers, and trust and company service providers. Its revenue model is anchored on tiered subscription packages (Lite, Core, Full) plus a fixed-fee SaaS subscription that includes unlimited users, advice, and training, complemented by the FICA in-a-Box bundle packages for law firms and the property sector. Distribution is via direct enterprise sales, an integration partner network (LegalSuite, Lexpro, AJS, Trusteeze, Elite Wealth, B# Sharps), and association partnerships with LSSA and MEMSA. The company maintains certifications including SOC 2 Type 2, GDPR, POPIA, and the EU-U.S. Data Privacy Framework, with customer data hosted in the Republic of Ireland.

The company is a wholly-owned subsidiary of nCino Inc., a publicly traded US cloud banking platform serving 1,850+ financial institutions globally with 1,650+ employees. nCino KYC Africa operates as the dedicated FICA compliance arm for the South African market within nCino's broader portfolio, with 73 employees and hundreds of named customers including Bowmans, Webber Wentzel, Hollard, Citadel, Grindrod, AFGRI, and VKB.

Name

nCino KYC Africa

Legal name

nCino South Africa (Pty) Ltd

Website

https://kycafrica.ncino.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

51–100 employees

Short description

nCino KYC Africa is a Johannesburg-based SaaS platform providing FICA compliance, KYC onboarding, watchlist screening, risk rating, and bank account verification for South African accountable institutions across law firms, banks, real estate, and financial services. It is a wholly-owned subsidiary of nCino Inc. (NASDAQ: NCNO).

Ownership category

akta.pro rank

Product category

Regulatory Compliance Software (RegTech)

NAICS

Investigation and Personal Background Check Services (561611), Credit Bureaus (561450)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

KYC/KYB & Customer Onboarding (CIP, beneficial ownership, screening) (FSAGAFAB)

akta.pro secondary industries

Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI), Data, Evidence & Document Verification (IDV) for KYC (FSAMAMAN), Beneficial Ownership (UBO) & Corporate Registry Verification (KYB) (FSAMAMAK), Consumer Identity Verification (KYC) & Fraud Risk for Credit (FSAKAKAD), Regulatory Change Management (RCM) (HDADAIAG)

Keywords

• FICA compliance software
• KYC onboarding
• Watchlist screening
• AML compliance
• Risk rating

Headquarters

HQ city

Johannesburg, Gauteng

HQ country

South Africa

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Software Subscription (SaaS): Subscription-based access to the nCino KYC platform providing FICA compliance software including client onboarding, watchlist screening, risk rating, and bank account verification. Includes unlimited users, unlimited advice, and unlimited training at fixed cost.
2. Compliance Services Subscription: Tiered compliance service packages (Lite, Core, Full) offering FICA helpline access, RMCP creation/review, certified training hours, complex project services, KYC reviews, and NewsWatch newsletters.
3. Professional Services (Project-based): Additional project services for complex tasks including FIC inspection preparation, FIC report responses, STR/SAR guidance, enhanced due diligence, UBO guidance, and bespoke projects. Quoted before commencement.
4. FICA in-a-Box Package: Bundled end-to-end FICA compliance solution including RMCP template, compliance expert access, certified training, white-label setup, document collection, watchlist screening, risk rating, and bank account verification.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

nCino KYC Africa provides a cloud-based SaaS platform for FICA (Financial Intelligence Centre Act) compliance and KYC onboarding, purpose-built for South African accountable institutions. The platform automates client onboarding, watchlist screening, risk rating, bank account verification, and ongoing monitoring, combined with expert compliance services, RMCP development, and CPD-approved training delivered on a subscription model.

Differentiator

Problem solved

Functional benefit

Brands

• FICA in-a-Box: An end-to-end FICA compliance solution bundle for accountable institutions that includes an expertly crafted RMCP template, access to compliance experts, and certified FICA training.

Products and services

• Client Onboarding Digital KYC/FICA onboarding platform enabling automated client identity verification through liveness testing and document capture, with white-label client portal, smart forms, electronic signatures, and real-time Department of Home Affairs verification.
• Watchlist & Media Screening AML watchlist screening service that screens clients daily against sanctions lists (OFAC, UN, HMT, National Treasury, SAPS), DPEP/FPEP/PIP databases, and adverse media sources, with fuzzy name matching and continuous monitoring.
• Risk Rating & Client Review Fully-configurable automated risk assessment tool allowing businesses to define and implement risk rating solutions aligned with their RMCP, calculate client risk scores, trigger enhanced due diligence, and send automated review reminders.
• Bank Account Verification Real-time verification service that confirms bank account details provided by clients are correct, valid, and belong to the stated account holder, validated against ID or company registration number.
• Compliance Services Subscription-based FICA/AML compliance support including FICA helpline access to certified specialists, RMCP creation and review, compliance reviews, complex project services (FIC inspection preparation, UBO guidance, enhanced due diligence), and NewsWatch regulatory newsletters.
• FICA Training & Webinars CPD-approved FICA and AML training courses led by attorneys and certified AML specialists, including FICA Awareness, KYC & UBOs, Adverse Media Screening, Sanctions Screening, and PEP screening, delivered as live webinars and on-demand training.
• FICA in-a-Box Comprehensive end-to-end FICA compliance solution bundle including RMCP template, access to compliance experts, unlimited CPD-approved FICA training, NewsWatch newsletters, white-labelled platform setup within 48 hours, document collection, watchlist screening, risk rating, and bank account verification.
• FICA in-a-Box for Law Firms Specialized end-to-end FICA compliance bundle tailored for law firms, including expertly crafted RMCP, compliance expert access, unlimited FICA training, NewsWatch newsletters, document collection, watchlist screening, risk rating, and bank account verification, enabling firms to become compliant within days.
• FICA in-a-Box for Property Sector End-to-end FICA compliance bundle for real estate and property management firms, including RMCP template, compliance expert access, unlimited training, NewsWatch newsletters, white-labelled setup, document management, watchlist screening, risk rating, and bank account verification.

Quantifiable outcome

• FICA verification completed within minutes (vs days/weeks manually)
• +2 more outcomes

Named customers21 records

Segments10 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability7 records

Feature8 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Norton Rose FulbrightminorStrategic or Co-development Partner · 21 November 2016Partnership with global law firm Norton Rose Fulbright to provide digital FICA compliance solution. DocFox (now nCino KYC) partnered with NRF to simplify FICA compliance for the law firm.
• TrusteezecoreTechnology or IntegrationIntegration partnership enabling seamless management of risk for Trust and Company Service Providers. Both systems work together with Trusteeze only allowing full trust administration once KYC steps are completed in nCino KYC. Eliminates duplicate data entry between systems.
• MEMSA AssociationminorGTM or Marketing PartnerAssociation partner - Mining and Explosives Equipment Suppliers Association. Promotes nCino KYC products to members.
• LSSA AssociationminorGTM or Marketing PartnerLaw Society of South Africa association partner promoting nCino KYC services to member law firms.
• AWS (Amazon Web Services)coreTechnology or IntegrationInfrastructure-as-a-service provider hosting DocFox/nCino KYC's data cloud storage centre in the Republic of Ireland. Data is encrypted during transmission and at rest.

Scale indicators5 records

Recent moves8 records

Expansion highlights12 records

Emerging players

• ThetaRay: AI-powered AML transaction monitoring and sanctions screening platform for banks and fintechs. Adjacent comparable to nCino KYC's continuous monitoring and screening capabilities, with a stronger focus on analytics.

Direct peers

• Veriff: AI-driven identity verification with biometric liveness, document authentication and AML screening. Comparable in KYC verification technology stack and target fintech/crypto/banking customers.
• ComplyAdvantage: AML and watchlist screening platform offering real-time sanctions, PEP and adverse media screening via API. Directly comparable to nCino KYC's watchlist screening and continuous monitoring modules.
• Trulioo: Global identity verification platform offering KYC/KYB onboarding, watchlist screening and business verification across 195+ countries. Directly comparable to nCino KYC Africa in product functionality, though operating globally rather than as a FICA-specialist.
• Encompass Corporation: RegTech platform automating KYC, KYB and AML workflows for financial institutions including dynamic risk profiling and regulatory reporting. Closely comparable to nCino KYC's automated client review and risk rating.
• Onfido (Entrust): AI-based digital identity verification with biometric liveness and document verification, now part of Entrust. Comparable core technology to nCino KYC's biometric and Department of Home Affairs verification, with broader geographic coverage.
• Fenergo: Enterprise client lifecycle management and KYC/AML onboarding platform built for global financial institutions. Comparable to nCino KYC in serving banks and financial institutions, with a broader institutional focus.
• Jumio: Identity verification and AML/KYC onboarding platform combining biometric authentication, document verification and watchlist screening. Closely aligned with nCino KYC's onboarding and screening capabilities.

Broad incumbents

• World-Check (LSEG): Gold-standard global watchlist and PEP database from LSEG used by most large financial institutions. Comparable to nCino KYC's SA DPEP/PIP database and screening capabilities, though broader and global rather than FICA-focused.
• Dow Jones Risk & Compliance: Provider of adverse media, sanctions and PEP screening data widely used in enterprise KYC/AML programs. Comparable to nCino KYC's adverse media and watchlist screening layer, though as a global data feed rather than integrated compliance SaaS.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@nCinoKYCAfrica
• Facebookfacebook.com/nCinoKYCAfrica
• LinkedInlinkedin.com/company/ncinokycfrica
• Instagraminstagram.com/ncinokyc_africa

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about nCino KYC Africa