Refinitiv Acquires GIACT
Refinitiv has added to its cybercrime-fighting capabilities by acquiring an American digital identity, payments verification, and fraud prevention company.
The definitive agreement to acquire Giact Systems, LLC ( GIACT ) was announced on November 2. News that the planned deal had officially closed was shared by Refinitiv on December 9.
GIACT was founded in Texas in 2004 and now has over 100 employees supporting more than 1,000 leading blue-chip companies, payment merchants, and financial and insurance customers.
The company helps businesses verify customers by providing real-time data, ID verification, OFAC screening, account verification, and authentication. GIACT has processed transactions for more than 1,000 customers since it was founded.