AML and KYC

Cynopsis Solutions continues international expansion with the opening of EMEA office in London

Automated Know Your Customer (KYC) solutions provider, Cynopsis Solutions, today announces that it is launching its Europe, Middle East and Africa (EMEA) operations from new offices in London.   The firm, which is headquartered in Singapore, provides secure, cost-effective software that streamlines and automates KYC processes. Founded in 2014, it has over 750 corporate clients and 3,500 users globally from financial services, legal, accountancy... more Read more »

Société Générale goes live with Finastra’s Fusion Risk solutions

Société Générale, one of the leading financial services groups in Europe, has deployed Finastra’s Fusion Risk Asset and Liability Management (ALM) and Fund Transfer Pricing (FTP) solutions. The move has enabled the bank to streamline multiple solutions across the group, simplifying its infrastructure so that it can comply more efficiently with regulations including the Interest Rate Risk in the Banking Book, and also reduce costs. Read more »

Jumio and Engage Technology Partners Join Forces to Automate Right to Work Verification

 Jumio, the creator of Netverify® Trusted Identity as a Service (TIaaS), today announced a partnership with Engage Technology Partners Ltd., to integrate Jumio’s online identity verification technologies into Engage’s cloud-based recruitment solutions, designed to help end-hirers, agencies, payrolls and workers navigate and simplify the recruitment process. Read more »

Australia hotbed for cybercrime; new report shows identity spoofing as most prevalent attack vector in the ANZ region - LexisNexis Risk Solutions

LexisNexis® Risk Solutions today at Sibos, the world’s premiere financial services event, released its cybercrime insights report for Australia and New Zealand (ANZ). The report was created using statistics of actual cybercrime attacks originating to and from the ANZ region, during April to June 2018. These results are the most current available. The ThreatMetrix® Digital Identity Network® (“The Network”) detected the attacks during realtime... more Read more »

Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis

Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, has released data detailing the global fines activity of regional and in-country regulators over the past 10 years. A staggering $26 billion in fines has been imposed for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC) and sanctions regulations in the last decade. Read more »

NICE Actimize Transforms Indonesia’s Bank Central Asia Anti-Money Laundering Compliance Operations

NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Indonesia’s PT Bank Central Asia Tbk (BCA) to transform its anti-money laundering compliance and case management operations. Read more »

Banks turn to technology innovation, as global regulation continues to increase KYC complexity for 75 percent of compliance and correspondent banking professionals

The annual Accuity Financial Counterparty KYC Survey has revealed that 75 percent of senior compliance and correspondent banking professionals have encountered added complexity in interpreting and adhering to local legislation. Read more »

NICE Actimize Chosen by Thailand’s Bank of Ayudhya to Manage Anti-Money Laundering Compliance with Intelligent Automation

NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Bank of Ayudhya/Krungsri, Thailand’s fifth largest financial institution, to transform its anti-money laundering compliance and case management platform. Read more »

KYC: A Process Ripe for Automation

To automate is human Read more »

FICO Awarded Seven New Patents for Analytic Innovations in Fraud Detection and AI

Silicon Valley analytic software firm FICO has been awarded seven new patents related to fraud, artificial intelligence (AI) and advanced analytics. In total, FICO currently holds 188 US and foreign patents, and has 89 pending patent applications. Read more »

Accuity adds real-time vessel alerting and tracking to trade compliance screening solution

Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, today announced its new vessel monitoring capability, Firco Trade Compliance Ship Enforcement Alerts (SEA), which will further enhance its market leading screening solution. Firco Trade Compliance SEA will allow organisations involved in trade finance to track shipping vessels in real-time to ensure they are not in breach of... more Read more »

Accuity adds real-time vessel alerting and tracking to trade compliance screening solution

Accuity, the leading provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, today announced its new vessel monitoring capability, Firco Trade Compliance Ship Enforcement Alerts (SEA), which will further enhance its market leading screening solution. Firco Trade Compliance SEA will allow organisations involved in trade finance to track shipping vessels in real-time to ensure they are not in breach of... more Read more »

Statnett Optimises Norway’s Electricity with FICO Analytics

Statnett, the Norwegian transmission systems operator (TSO) for energy, has selected FICO Xpress Optimization to power their models of the future of electricity needs in Norway and optimise the current infrastructure. The solution will be used across the organisation to process, analyse and plan key factors relating to the sector. Read more »

Dains Business Recovery Limited selects encompass verify

The Insolvency Practitioners at Dains Business Recovery Limited have selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes. Midlands-based Dains Business Recovery Limited works with a wide range of businesses in a variety of industries. The only provider of simultaneous, real-time access to multiple sources of global company and person data, encompass corporation is the creator of KYC automation for... more Read more »

Crèdit Andorrà Financial Group Selects NICE Actimize to Strengthen its Global Anti-Money Laundering Solutions Strategy

Facing the complexities of global regulations, Crèdit Andorrà Financial Group has selected NICE Actimize, a NICE (Nasdaq:NICE) business and the leader in Autonomous Financial Crime Management, to strengthen its anti-money laundering solutions strategy. Crèdit Andorrà Financial Group, the benchmark bank in Andorra, will integrate a suite of NICE Actimize anti-money laundering solutions into its financial crime operations in order to more... more Read more »

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