Leading Canadian Financial Services Platform Wealthsimple Taps Eventus for Compliance Solution
- 4 days 3 hours ago
- Compliance
Eventus, a leading provider of comprehensive, at-scale trade surveillance and financial risk solutions, announced that Wealthsimple is among its newest clients deploying the firm’s Validus platform for trade surveillance across asset classes. Wealthsimple is one of Canada’s fastest growing financial services platforms, serving more than three million clients, with $50+ billion in assets across trading, saving and investing.
European Fintech Company iCard Achieves Secure Customer Verification in Under 60 Seconds with Regula’s Solutions
- 4 days 7 hours ago
- AML and KYC
iCard, a leading European e-money institution, has successfully upgraded its customer checks with Regula’s advanced biometric and document verification technologies.
Capgemini Unveils Industry-First Perpetual KYC Sandbox for Real-Time Compliance
- 1 week 3 days ago
- Compliance
Capgemini today announced the rollout of a technology sandbox that offers financial institutions a sound framework to migrate from legacy, static Know-Your-Customer (KYC) processes and labor-intensive periodic reviews towards perpetual KYC (pKYC) and event-based reviews. A first of its kind, Capgemini has collaborated with multiple technology partners to orchestrate the integration of this architecture.
Wells Fargo Confirms Termination of 2018 CFPB Compliance Consent Order
- 1 week 6 days ago
- Compliance
Wells Fargo & Company today confirmed that the Consumer Financial Protection Bureau’s (CFPB) 2018 consent order related to the company’s compliance risk management program has terminated. This is the twelfth consent order closed by Wells Fargo’s regulators since 2019 and the sixth since the beginning of the year. Charlie Scharf, Wells Fargo’s CEO, said of today’s news:
Is Traditional Banking at Risk? 85% of Organizations Are Turning to Digital-First Alternatives Over Clunky KYC Processes
- 2 weeks 5 days ago
- AML and KYC
Corporate banks are grappling with a major client growth and retention challenge, a new survey from Encompass Corporation, a leader in Know Your Customer (KYC) automation and corporate digital identity, reveals. Frustrated by friction in traditional banking transactions, 85% of organisations are actively considering a move to digital-first banks in search of a more seamless onboarding experience.
PingPong Payments Partners With Trulioo for Global Business Verification
- 3 weeks 3 days ago
- AML and KYC
Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership with PingPong, a world-leading provider of cross-border embedded payment solutions. PingPong selected Trulioo Business Verification and Watchlist Screening to minimize manual onboarding and deliver rapid, compliant payment experiences worldwide.
BNY Mellon Enhances Compliance Monitoring With Behavox Quantum AI
- 3 weeks 4 days ago
- Compliance
Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, today announced that BNY (NYSE: BK), a global financial services company, has successfully completed the implementation of Behavox Quantum.
Sharesight’s Automated Portfolio Tracker Saves Australian Tax Accountants Up to 90% of Their Time
- 1 month 21 hours ago
- Tax Authorities
Sharesight has identified the drawbacks of Australian accountants relying primarily on manual processes when preparing tax returns for clients with complex investment portfolios. New research by the global fintech platform, which is based in Australia and New Zealand, uncovers how manual effort is costing accounting firms precious hours when dealing with disparate data sources such as CSV spreadsheets, app screenshots and PDF statements.
Financial Crime Prevention Enters a New Era With the Launch of AMLTRIX
- 1 month 1 day ago
- Compliance
Money laundering remains one of the biggest threats to the global economy, fueling organized crime, terrorism, corruption, and tax evasion. Despite ongoing efforts, financial institutions have long struggled with a fragmented and inconsistent approach to combating illicit financial activities.
First AML and Know Your Customer Announce Strategic Partnership to Tackle Global KYB Compliance Challenges
- 1 month 2 days ago
- AML and KYC
First AML, a leading provider of an all-in-one anti-money laundering (AML) platform, has announced a strategic partnership with Know Your Customer, a global leader in business verification solutions. The collaboration brings together two best-in-class technologies to further enhance Know Your Business (KYB), KYC and AML processes for financial institutions and other regulated businesses worldwide.
Nasdaq Verafin Report Finds That $750 Billion In Money Laundering And Illicit Funds Flowed Through Europe
- 1 month 1 week ago
- AML and KYC
Nasdaq Verafin has released its new report, Financial Crime Insights: Europe, that takes a deeper dive into the scale of financial crime across Europe. This report provides new analysis of the data from the 2024 Global Financial Crime Report, and industry insights from a survey of anti-financial crime professionals from across Europe, including the EU, UK, Nordic region and more.
Orbital Partners With Know Your Customer To Strengthen Compliance For Its Global Stablecoin And Traditional Payments Platform
- 1 month 2 weeks ago
- Compliance
Orbital, a leading global platform for stablecoin and traditional cross-border payments, has announced a strategic partnership with Know Your Customer, an award-winning provider of digital onboarding and KYB please automation solutions. This collaboration significantly enhances Orbital's compliance framework, streamlining client onboarding while reinforcing security, transparency, and efficiency in cross-border transactions.
AuditBoard And EY Expand Alliance To Transform Risk Management In UK And Ireland
- 1 month 2 weeks ago
- Compliance
AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, has agreed an alliance with Ernst & Young LLP (EY) which will offer customers in the UK local support to transform their risk management strategies. EY has also established a Centre of Excellence in the UK to deliver tailored consulting and integration services for AuditBoard customers.
