AML and KYC

IHS Markit Named Best in Class for Client Onboarding and KYC by Aite Group

IHS Marki, a world leader in critical information, analytics and solutions, today announced that its client onboarding, entity data management and know your customer (KYC) services achieved the highest, “Best in Class” ranking in a new report on client lifecycle management by Aite Group. Read more »

Trulioo Announces $70M in Funding

Trulioo , a Vancouver-based global identity verification provider, has raised a total of C$70 million in new funding, including $60 million in Series C financing led by Goldman Sachs Growth Equity, with participation from Citi Ventures, Santander InnoVentures and existing investor American Express Ventures, and $10 million in unannounced follow-on funding from early investors Blumberg Capital and BDC Capital from last year. This brings Trulioo’s... Read more »

Encompass Corporation AML penalty analysis

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out an analysis of Anti-Money Laundering (AML) related penalties handed down between 1 May and 31 August 2019. Key observations from the analysis are as follows: Read more »

Zenus Bank Accelerates Transition to the Cloud with NICE Actimize Anti-Money Laundering and Fraud Essentials

 Leading the industry with solutions protecting challenger banks and digital financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in autonomous financial crime management, was selected by Zenus Bank, San Juan, Puerto Rico, to establish a cloud-focused financial crime strategy for both anti-money laundering compliance and enterprise fraud protections with its  Read more »

Open invitation for Supreme Fintech Media Launching

The founder of Supreme Fintech from Malaysia is excited to announce the launch of the Supreme Fintech mobile app and financial services, aiming to be the most innovative and advanced private E-banking system in the world. Supreme Fintech is a rapidly growing virtual bank, that specializes in financial technology. It is a worldwide platform that helps to make life easier for individuals from around the globe, for businesses to grow and for... more Read more »

MoneyNetint Forms New Partnership with Onfido to Enhance Biometric Security

MoneyNetint has partnered with Onfido, to help enhance their online security procedures so users can verify their banking identity wherever they are in the world. Read more »

Icelandic acquiring bank Borgun hf. invests in cutting-edge FinTech from TruNarrative

Icelandic acquiring bank Borgun hf. – which offers Europe-wide payment processing and issuing services in Iceland – has invested in a new platform from TruNarrative, to help boost the firm’s merchant lifecycle management (MLM) and onboarding processes. As a member of Visa Europe and Mastercard International, the new platform will enable Borgun to easily adopt new merchants into its payment network, as well as quickly and securely adapt its... more Read more »

Deutsche Bank Wealth Management Selects Finantix KYC Solution to Empower KYC Processes with AI Tools

 Finantix, a leading supplier of transformational software to the private banking, wealth management and insurance industries globally, announced that Deutsche Bank Wealth Management has chosen its AI-powered Finantix KYC Solution to help enhance the bank’s client onboarding and know-your-client (KYC) processes. Read more »

Protiviti and Appway to Help Financial Institutions Automate Key Anti-Money Laundering Processes

Global consulting firm Protiviti has formed a business alliance with leading process software provider Appway to enable financial institutions to automate their Know Your Customer (KYC) programs in support of anti-money laundering (AML) policies and procedures. Read more »

iSignthis Paydentity KYC Continues to Drive Applications

iSignthis Ltd (“the Company”), is pleased to announce that it has now approved more than 150 reportable accounts1. The focus this last month has been on more complex and larger entities, in sectors adjacent to our CFD/FX core markets. Onboarding of approved merchants continues at a pace driven by the merchant integrating to our API’s, consistent with our guidance and expectations. Read more »

Refinitiv and Napier to help combat money laundering with improved transaction monitoring solution

Refinitiv has partnered with Napier, a leading anti-money laundering (AML) and intelligent compliance software provider, to offer a next-generation transaction monitoring solution designed to help corporates and financial institutions tackle money laundering and combat emerging threats in financial crime. The partnership offers Napier’s advanced analytics, automation and transparent artificial intelligence, backed by Refinitiv’s World-Check Risk... more Read more »

StreamMind rolls out global confirmation payee solution for banks to comply with new Payment Systems Regulator’s code of practice

StreamMind, a leading technology provider, announced the roll out in Europe of its solution to prevent bank transfer scams, a solution that allows a user to match an identity with bank account number. The solution enables the bank to comply with the recent proposal by Payment Systems Regulator to fully put confirmation of payee measures in place by 31st March 2020. Read more »

Fraud Prevention and Identity Verification Technologies at Identity Week London

Identity Week comprises three world-class events –Digital:ID, Planet Biometrics & Security Document Week– all focused on the concept of identity verification Gradiant is showing at Digital:ID EXPO its trustworthy solutions for document fraud prevention and biometric customer identity verification. Read more »

Refinitiv expands digital KYC solutions to Retail Banking and Wealth Management

Refinitiv is set to expand its suite of financial crime solutions into the wealth industry as increased scrutiny from regulators and the demand for a more frictionless client experience from investors drive the need for more digital Know-Your-Customer (KYC) and onboarding processes.  The push into the Wealth and Advisory segments is set to expand on Refinitiv’s World-Check Risk Intelligence and the company’s expertise in delivering trusted data... more Read more »

Fenergo Partners with BENEFIT to Create National eKYC Utility in Bahrain

Fenergo, a leading provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, today announces that it will be working with Bahrain’s Electronic Network for Financial Transactions (BENEFIT) in designing and implementing the world’s first national Know Your Customer (KYC) utility that incorporates blockchain technology. The utility platform will support sectors including retail and corporate banking, asset... more Read more »

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