RELX-backed Accuity completed the acquisition of Apply Financial.

RELX-backed Accuity, a global provider of financial crime screening, payments, and know your customer solutions, completed the acquisition of Apply Financial, a specialist provider of automated payment validation solutions. Financial terms were not disclosed. “The payments industry is in the midst of a drastic transformation, with speed and efficiency at the forefront of its evolution. In the near term, Apply Financial’s advanced technology will enable us to offer clients a cloud-based, real-time payments and account validation solution to dramatically increase customer STP rates and provide payments certainty. In the longer-term, the technology will fuel our innovation and enable us to deliver the next generation of payments intelligence solutions to meet our customers’ requirements,” David White, Accuity EVP Global Payments & KYC.