Deloitte and Swiss firm Nexxiot have formed a logistics partnership to enhance global trade compliance and operational efficiency with asset intelligence.

They have created what they call KYX, combining Know Your Client with Know Your Cargo intelligence, powered by Nexxiot asset intelligence technology.

UK firm Deloitte (www.deloitte.com), known for its audit, consulting, financial advisory, risk management, tax and legal services, is working with Nexxiot, known for its expertise in digitalising supply chain assets, such as shipping containers and railcars.

Nexxiot’s network of sensors and artificial intelligence capabilities offer insights into supply chain inefficiencies, reducing uncertainty and operational costs. Deloitte will play a role as the integration partner responsible for delivering these digital transformations.

This partnership will provide a scalable infrastructure rooted in a commitment to regulatory excellence and trust. It leverages Deloitte’s established KYC (Know Your Client) services and implementation capabilities with Nexxiot’s asset intelligence technology and Cinfoni client information network intelligence platform. Cinfoni has regulatory approval for generating, implementing, recycling and exchanging golden records within the banking, financial services and insurance (BFSI) sectors.

“The strategic partnership with Deloitte and Nexxiot represents a significant step forward for supply chain participants,” said Nexxiot CEO Stefan Kalmund. “It will accelerate the adoption of fleet-wide technologies, fostering visibility, transparency and operational excellence.”

Deloitte’s James Yearsley added: “Through this partnership, we aim to set a new global standard for KYX services, benefitting all stakeholders in the logistics sector, including trade finance, banking and insurance. Deloitte and Nexxiot offer new services based on real-time data, covering all aspects of KYX from door to door, internationally.”

The partnership aims to offer the logistics industry a means to embrace a future marked by improved efficiency, resilience and integrity.

Headquartered in Zurich, Switzerland, Nexxiot (nexxiot.com) has more than 150 engineers and experts, serving clients from its offices in Germany, Sweden and North America.