AML and KYC

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 »

Big Product Improvements Unveiled for Abrigo’s BSA/AML Software

Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, announced the company’s innovative product roadmap for 2019 improvements to its Bank Secrecy Act and anti-money laundering (BSA/AML) and fraud prevention software.   The roadmap was unveiled at the BAM+ User Group Conference, which concluded last Wednesday in Austin, Texas.  Read more »

NICE Actimize Introduces CDD-X, Modernizing KYC/CDD Programs with Advanced Analytics and the Power of AI

NICE Actimize  announces the launch of CDD-X, the next-generation Know Your Customer/Customer Due Diligence (KYC/CDD) solution. NICE Actimize CDD-X is the latest addition to the Actimize Autonomous AML solution set that leverages the power of artificial intelligence and machine learning to provide more accurate detection and customer risk scoring to reduce compliance risk. Significant reduction in operational costs are realized through the... more Read more »

NICE Actimize Signs Mobile Banking Leader Varo Money

Leading the industry with solutions protecting mobile financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, was chosen by Varo Money, Inc. a leading all-mobile banking company to implement its financial crime strategy for anti-money laundering protections including AML/KYC requirements, sanctions screening and transaction monitoring capabilities. Read more »

Use of Machine Learning becomes the New Norm for Financial Community as Sector Builds Smarter Machines to Drive Competitive Advantage

Refinitiv announced today new research findings that confirm the use of machine learning is pervasive across the financial community and is critical to its success in the future. Ninety percent of the c-level executives and data scientists surveyed have already deployed machine learning, while all of the c-level participants said it is core to their business strategy. Read more »

RISK IDENT crowned back-to-back FinTech Breakthrough Awards champion

RISK IDENT has been named “Best Fraud Prevention Company” at the 2019 FinTech Breakthrough Awards, marking a second consecutive win for the leading European anti-fraud company. The 2019 awards program, which recognizes the leading technologies, companies and products in the global FinTech industry, attracted a record-breaking 3,500+ nominations from across the globe. Read more »

Varo Money Selects Feedzai For Enterprise Fraud Prevention, Preparing For Continued Rapid Scale

Varo Money LLC (Varo), a leading challenger banking company, and Feedzai, the leader in fighting financial crime with artificial intelligence, today announced a new partnership. Varo’s continued growth will be bolstered by Feedzai’s fraud-prevention platform, which provides purpose-built machine learning for risk prevention with a focus on customer experience and flexibility to scale along with the rapidly growing bank. Read more »

Aite Group Recognizes Featurespace as "Best-in-Class" Technology

Aite Group, a global research and advisory firm, recognized Featurespace™ as Best-in-Class in its 2019 report on fraud and AML machine learning platform vendors (download a complimentary copy of the report here). Read more »

encompass corporation and IHS Markit partnership expected to reduce time to complete KYC data gathering by 30%

encompass corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, today 12 March announces a partnership with IHS Markit, a world leader in critical information, analytics and solutions. IHS Markit has integrated encompass’ KYC automation solution into its KYC Services offering to reduce manual processes and drive efficiency. Using encompass, IHS Markit has fully automated the collection of critical... more Read more »

NICE Actimize Signs Crypto Finance Leader Circle to Implement Markets Surveillance and Protections Strategy

Leading the industry with solutions supporting digital financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, was selected by Circle, a leading global crypto finance company, to implement its market surveillance and protections strategy. Read more »

SWIFT to open The KYC Registry to corporates

SWIFT announces that it is to open its world-leading Know Your Customer platform, The KYC Registry, to corporates. In a first step, from Q4 2019, all 2,000 SWIFT-connected corporate groups will be able to join The KYC Registry, and use it to upload, maintain and share their KYC information with their banks. Enabling corporates to join The KYC Registry will be transformational both for multi-banked corporates and for their banks, who already... more Read more »

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