Compliance teams see perpetual KYC (pKYC) as the future of KYC according to a report by Moody’s Analytics, “Perpetual KYC: Transforming Risk and Compliance,” released today. The report sought to uncover the key challenges faced by implementers of KYC today and understand how organizations are transforming their approach to risk and compliance.

iDenfy, the global compliance and fraud prevention startup, launched a new solution to perform proof of address checks. Currently, the latest semi-automated Address Verification service helps organizations ensure KYC/AML compliance while reducing user friction. 

Lloyds Bank Business & Commercial Banking has combined its commercial card and invoice finance teams under a new senior appointment.

James Sykes will serve as the Business and Commercial Banking’s Head of Invoice Finance Product, while retaining his current position as Head of Commercial Cards.

actyv.ai, the category creator in the Enterprise SaaS with embedded B2B BNPL and insurance space, today announced its partnership with Mswipe, an omni-channel digital payments platform, providing a host of offline and online payment acceptance solutions to merchants across 800 cities and towns of India.

Debite, the dynamic financing platform built for early-stage companies, has announced they’re launching a new product called Debite Pay.

Debite Pay is an innovative payment solution that allows early-stage companies to send a payment directly from their Debite corporate credit card to a bank account.

US-headquartered global investment research company, Morningstar has introduced the industry-first Morningstar PitchBook Global Unicorn Indexes, including the Morningstar PitchBook India Unicorn 25 Index, a new series of benchmarks to daily measure Unicorns, or privately held venture capital-backed companies with valuations of $1 billion or more.

Spendesk launches its industry-first set of Invoice Automation features, bringing secure, one-click, end-to-end supplier payments to its 7-in-1 spend management solution. The new features relieve small and medium-sized businesses (SMBs) from the burden of invoicing by streamlining the process while providing full visibility and control through an easy-to-use interface.

Apptio, the leading provider of technology business management (TBM) applications, today announced several product updates designed to support organizations looking to take tighter control of their costs in the face of challenging economic conditions. New features provide key decision-makers with improved visibility and insights into their technology spending, allowing them to better understand and communicate key business metrics and build operational agility to respond to changing requirements.

Starling Bank has taken swift action to make life simpler for bereaved individuals, following recommendations made in a key nationwide bereavement report.

The digital bank has unveiled a new strategic partnership with end-of-life admin service Settld, which will streamline account administration for those handling the affairs of a Starling bank customer who has died.

Digital financial transactions are rapidly becoming the norm. In the US, some 78 percent of consumers prefer to bank digitally, and financial institutions have to cope with this shift. Not only do they need to offer digital channels, but they must also offer users frictionless experiences.