Diagram Capital Selects Muinmos to Enhance Client Onboarding and KYC Compliance
- 1 week 6 days ago
- AML and KYC
Diagram Capital, an FCA regulated investment company that provides expert guidance and support for professional clients, is pleased to announce its partnership with Muinmos, a market-leading RegTech solutions provider. This collaboration introduces Muinmos’ advanced onboarding platform to streamline and enhance Diagram Capital’s client onboarding and KYC (Know Your Customer) / KYP (Know Your Partner) processes.
MAS Imposes Civil Penalty of $2.4 Million on JPMorgan Chase Bank, N.A. for Misconduct by Its Relationship Managers
- 2 weeks 1 day ago
- AML and KYC
The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $2.4 million on JPMorgan Chase Bank, N.A. (JPM), for failing to prevent and detect misconduct committed by its relationship managers (RMs). In 24 over-the-counter (OTC) bond transactions, the RMs had made inaccurate or incomplete disclosures to clients, resulting in the clients being charged spreads that were above the bilaterally agreed rates.
LoanPro Launches Smart Verify Tool for KYB/KYC and Ongoing Monitoring
- 2 months 16 hours ago
- AML and KYC
LoanPro, the modern lending and credit platform, announced today the launch of Smart Verify, a new suite of data solutions that integrate third-party data sources into their platform for rapid identity verification and ongoing monitoring for business and consumer accounts.
Innovative Systems Expands FinScan’s KYC Solution
- 2 months 2 days ago
- AML and KYC
Innovative Systems, Inc., a leading provider of enterprise data, compliance, integration, and audit solutions, has expanded its Know Your Customer (KYC) technology offerings as part of its FinScan® anti-money laundering (AML) compliance solution.
fundcraft Announces Strategic Partnership With Moonfare To Revolutionise Private Equity Investing
- 2 months 3 days ago
- AML and KYC
fundcraft, a leading provider of digital-native fund operations, today announced that Moonfare, the world’s leading digital platform for private equity investing, is live on its solution. Moonfare seeks to democratise private equity investing. It does so by selecting the best funds from General Partners such as KKR, Carlyle, and EQT, and offering access to these funds to eligible individual investors and family offices.
iDenfy Connects With GlolinkOTC to Integrate KYC/AML Solutions for a Safer Fiat-to-Crypto Exchange Experience
- 2 months 1 week ago
- AML and KYC
iDenfy, a Lithuania-based RegTech leader in AI-powered KYC/AML solutions, has partnered with a prominent Czech-based crypto exchange platform, GlolinkOTC. iDenfy will be responsible for ensuring a smooth transition to a fully automated approach to compliance, helping GlolinkOTC build a seamless verification process with extra features like adverse media screening, PEPs and sanctions checks, as well as other compliance-related measures that help... more
TD Bank Group Announces Resolution of AML Investigations
- 2 months 1 week ago
- AML and KYC
TD Bank Group today announced that, following several years of active cooperation and engagement with authorities and regulators, it has reached a resolution of previously disclosed investigations related to its U.S. Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs.
TransUnion Partners with receeve to Drive Innovation in the Collections Industry
- 4 months 5 days ago
- AML and KYC
TransUnion, a global information and insights company, and receeve, an all-in-one platform for collections and recovery, proudly announce a strategic partnership to deliver increased collections autonomy and profitability through AI-powered insights and strategy optimisation, all seamlessly integrated into the receeve platform.
AU10TIX Launches Advanced AML Solution Featuring Proprietary Decision-Making Mechanism and Rigorous Quality Checks
- 4 months 1 week ago
- AML and KYC
AU10TIX, a global technology leader in identity verification and management, today unveiled its advanced anti-money laundering (AML) solution. Designed to address the significant business risks posed by financial crimes such as money laundering, fraud, and terrorism financing, the solution incorporates rigorous internal quality checks and a proprietary decision-making mechanism to filter out unreliable data and ensure a safer approach to risk... more
Moody's Highlights Entity Verification as Key to AI Accuracy in Risk Management and Compliance
- 4 months 2 weeks ago
- AML and KYC
Moody's has released its latest study, showcasing the pivotal role of Entity Verification data in the adoption of AI tools within the risk and compliance sector.
Solaris Wins Bitpanda as New Partner for Its KYC Platform
- 4 months 2 weeks ago
- AML and KYC
Solaris, Europe’s leading embedded finance platform is proud to welcome Bitpanda, Europe’s leading crypto platform, on its KYC platform. Bitpanda will leverage Solaris full digital and scalable KYC solution Bankident to identify customers in Germany. This signals an exciting new chapter in a longstanding partnership between Solaris & Bitpanda, with Solaris already acting as issuer and processor for Bitpanda’s debit card programme across... more
iDenfy Launches a New AI-Powered Utility Bill Verification Tool
- 5 months 1 day ago
- AML and KYC
iDenfy, a Lithuania-based identity verification and fraud prevention software provider, has launched its new automated utility bill verification solution. This innovative tool is designed to enhance the efficiency and accuracy of the proof of address (PoA) process, as well as provide businesses with a powerful tool to ensure anti-money laundering (AML) and Know Your Customer (KYC) compliance.
Complexity Crisis: New Detected Study Reveals KYB Needs a Tech Upgrade
- 5 months 2 weeks ago
- AML and KYC
Detected, a fintech reinventing how companies think about business onboarding, has released a new study highlighting the key challenges and future trends in the Know Your Business (KYB) sector. The findings reveal that the most common problem with KYB is the complexity of the process and AI and automation are set to transform business operations by 2027.
Singapore Publishes Updated Money Laundering National Risk Assessment
- 5 months 4 weeks ago
- AML and KYC
Singapore published today its updated Money Laundering (ML) National Risk Assessment (NRA), as part of Singapore’s continuing efforts to maintain the effectiveness of its anti-money laundering (AML) regime amidst the evolving risk landscape.
iDenfy Releases Its New Risk Assessment Tool and Completes Its KYC/KYB/AML Compliance Package
- 6 months 1 day ago
- AML and KYC
iDenfy, a Lithuania-based identity verification and fraud prevention software provider, announced the launch of its new AI-powered customer risk assessment solution. This new easy-to-use platform feature is specifically designed to empower businesses with a comprehensive, automated, and customizable approach to risk management for both Know Your Customer (KYC) and Know Your Business (KYB) compliance.
