LG

Lab Group

www.labgroup.com.au link_icon

LAB Group Company Research Report



Company Overview



  • Name: LAB Group Services Pty Ltd

  • Mission: LAB is dedicated to transforming the customer journey through user-friendly digital workflow solutions. The company focuses on complex customer onboarding and automates AML, KYC, KYB, and PEP/Sanctions screening for all types of entities using an easy-to-integrate API solution.

  • Founded: Since 2010, LAB Group has evolved from building custom solutions for customer acquisition into a specialist providing core SaaS products.

  • Key People:

  • Nick Boudrie: Co-Founder and CEO, with 20 years of experience in financial services, focusing on customer success.

  • Lyndon Webster: Co-Founder and Chief Technology Officer, who guides LAB with a focus on research and development.

  • Marnie Shervey: Chief Operating Officer, overseeing strategic partnerships and operations.

  • Headquarters:

  • Melbourne: Duckboard House, Level 2, 91-93 Flinders Lane, Melbourne VIC 3000

  • Sydney: L27 25 Martin Place, Sydney NSW 2000 Australia

  • Number of Employees: No information is available

  • Revenue: No information is available

  • Known For: LAB is renowned for its innovative customer lifecycle management platform that meets both regulatory obligations and provides a streamlined, automated onboarding process.


Products



1. LAB Platform


  • Description: An end-to-end account opening and digital workflow management platform.

  • Key Features:

  • Enhanced customer experience

  • Complex onboarding and lifecycle management

  • AML/KYC automation

  • Multi-product and multi-jurisdictional workflows


2. LAB Verify


  • Description: A verification solution designed to integrate easily into digital onboarding processes.

  • Key Features:

  • AML and KYC verification through a single API

  • Supports identity, corporate verification, and document validity checks

  • Cross-regional verification capabilities


3. LAB Network


  • Description: Provides unprecedented connectivity to accelerate customer registration.

  • Key Features:

  • Seamless data transfer between organisations

  • Enhanced security and fraud detection

  • Integration-ready for partnerships and strategic workflows


Recent Developments



  • New Partnerships:

  • Ord Minnett appointed LAB Group to automate digital onboarding, enhancing efficiency and integration with Ords’ platforms.

  • CreditorWatch partnership for complex due diligence, enhancing data coverage and operational efficiency.

  • Product Updates:

  • Integration with CreditorWatch for upgraded due diligence capabilities.

  • LAB Verify has enhanced verification capabilities integrated with CreditorWatch's platform.

  • New Clients:

  • LAB Group welcomed Ord Minnett and began implementing its solutions for enhanced onboarding efficiency.

  • Strategic Expansion: LAB Group entered an integration partnership with CreditorWatch to enhance its client lifecycle management platform.

  • Compliance and Security: LAB is ISO27001 certified, continuously evolving to meet changing regulatory requirements and ensuring secure data handling.


No additional commentary is necessary as the information above captures the detailed essence of LAB Group's capabilities and recent activities.