Founded in 2017 as a concept, Circit aimed to create a platform validating asset ownership across the entire financial services spectrum. The year 2019 marked a significant milestone as Circit secured approval from the Central Bank of Ireland, becoming the inaugural Account Information Service Provider (AISP) under the PSD2 regulation and Open Banking in the UK. The subsequent year, 2020, witnessed an impressive 400% growth in revenue for Circit, accompanied by a threefold expansion of the team.

Looking ahead to the next decade, a monumental transformation is anticipated in the global financial system, characterized by the integration of financial technology into every business. Trust and identity are poised to play pivotal roles in facilitating seamless transactions aligned with market expectations. The forecasted shift involves leveraging automation through Open APIs, AI, and smart contracts, effectively eliminating manual processes. This evolution aims to empower businesses and their advisors to focus on their core strengths, contributing to a secure and sustainable future.

SPECIALISED AML/CTF COMPLIANCE SOLUTION

Protecting your business and its image from the risk of Money Laundering and Terrorist Financing and building long lasting relationships with your customers, with mutual gains is a key for success in the modern financial world.

IRIS Business Services Limited

IRIS Business Services Limited is one of the first provider of full professional XBRL products and solutions to organizations globally. The company headquartered in Mumbai, India with international offices in United States, Singapore, United Kingdom, and the UAE.

IRIS is a direct member of XBRL International and XBRL US. The Company has over eighteen years of proven expertise in the financial information management space, providing customized technology solutions for data and content management, for the dissemination of information to investors and stock exchanges, and for effective content management to institutional clients.

Over the last seven years, IRIS has been very closely involved in the XBRL space, in taxonomy creation, software solutions and in the conversion of structured and unstructured data into XBRL for SEC filing in the US. IRIS has multidisciplinary skills in XBRL as well as in technology. Taxonomy experts, software engineers, business analysts and accountants come together to provide a complete range of products and services across the XBRL supply chain.