Prove, a phone-centric identity authentication platform, has acquired MEDICI Global, an insights and advisory platform for FinTech industry.

The financial details of the transaction were not divulged.

The move will provide Prove’s customers with country-specific KYC and authentication regulatory advisory services.

The customers will also receive access to MEDICI’s Inner Circle to remain updated with the changing landscape in digital identity, KYC, RegTech, and FinTech.

Additionally, the acquisition is expected to fuel Prove’s expansion in high-growth markets.

Prove global GM and SVP Geoff Miller said: “MEDICI Global has been a trusted source for actionable research since the early days of FinTech.

“This acquisition allows us to offer expert advisory coverage to our largest customers with multi-country digital-native market footprints.”

MEDICI Founder and CEO Aditya Khurjekar said: “We built our platform to enable at-scale innovation in FinTech with domain depth and ecosystem-wide engagement. The MEDICI team is looking forward to bringing our passion for this space to Prove in the next phase of the company’s growth journey.”

Prove CEO Rodger Desai said: “I couldn’t be more excited about adding MEDICI to the Prove family; our clients will greatly benefit from their global expertise.”

As a phone-centric identity authentication platform, Prove supports more than 1,000 enterprises, including 500 financial institutions.