AML and KYC

Coronavirus outbreak spells the end for ‘outdated’ paper-based ID checks – SmartSearch

The spread of the coronavirus means firms relying on paper-based ID checks need to switch to electronic processes now to avoid a freeze on their business, according to anti-money-laundering experts SmartSearch. New restrictions on movement and the fear of contamination of documents have triggered a rush to adopt electronic verification (EV) as firms wake up to the effect of the virus. Relying on documents makes it impossible to comply with... more Read more »

Baanx partners with HooYu to strengthen KYC processes

 Leading customer onboarding and KYC technology firm, HooYu, has been deployed by mobile crypto and fiat specialist Baanx. The HooYu Identify KYC journey has been selected to provide identity verification for the onboarding of new customers.   Read more »

SIX Group selects Know Your Customer’s digital solutions to strengthen supplier due diligence

SIX Group has selected award-winning RegTech provider Know Your Customer to strengthen its procurement process and better assess the risk associated with its international suppliers. Read more »

Asian Private Banker Names Fenergo as the Best KYC and Client Onboarding Solution of the Year

Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announced it has been awarded “Best KYC and Client Onboarding Solution” by the Asian Private Banker Technology Awards. This accolade is testament to Fenergo’s powerful technology suite and ability to ensure compliance with regulations relating to KYC and customer onboarding for financial... more Read more »

Vanquis Bank partners with HooYu to digitalise KYC processes

Leading customer onboarding and KYC technology firm, HooYu, has announced a partnership to digitalise Vanquis Bank’s KYC processes.  The HooYu KYC journey has been selected to provide additional identity proofing during the customer lifecycle when customers perform a potentially high-risk action on their accounts.   Read more »

Encompass Corporation 2019 AML penalty analysis: $8.14 billion of fines handed out globally

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, has carried out an analysis of Anti-Money Laundering (AML) related penalties handed down between 1 January and 31 December 2019. Key observations: Read more »

IoTech Lab and Keesing Technologies partner to enhance global KYC platform

A new partnership between IoTech Lab and Keesing Technologies ensures seamless alignment between risk-based approach rating analysis, transaction monitoring and reliable identity verification. By integrating Keesing’s ID verification technology, IoTech Lab provides an extensive Know-Your-Customer checking platform. Read more »

Trader KYC verification from Sum&Substance in MetaTrader 5

The trading platform integration with the Sum&Substance KYC service enables the validation of client personal data and documents with one click. The new functionality provides further automation of client onboarding procedures for MetaTrader 5 brokers and the minimization of manual operations. The data check process, from form and document submission to account verification, takes around two minutes on average: Read more »

Encompass Corporation Partners with Pega to Streamline and Enhance Know Your Customer Processes

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, today announces a partnership with Pegasystems Inc. (PEGA), the software company empowering digital transformation at the world's leading enterprises. Read more »

VNX Exchange Partners With Sumsub to Provide State-of-the-Art Compliance Experience

Luxembourg-based VNX Exchange is joining forces with Sumsub, a scalable solution for KYC/AML regulatory compliance, to stay in line with growing jurisdictional demands and ensure compliance of its platform. As the fifth EU Anti-Money Laundering Directive (AMLD5) gains its full power in January 2020, new regulatory demands of due diligence and AML will come into place, influencing the compliance and reputations of all the major fintech players in... more Read more »

Fenergo Digital KYC Transforms Compliance in Fight Against Financial Crime

Fenergo, the leading provider of digital Client Lifecycle Management solutions (CLM) for financial institutions, today announces the product enhancement, Digital KYC, a real-time Know Your Customer (KYC) solution for financial institutions seeking to automate and perpetuate KYC compliance reviews. The rules-driven Digital KYC solution delivers a risk-based approach to ongoing KYC to increase operational efficiency, lower the cost of compliance,... more Read more »

Safened rebrands successful KYC activities as Fourthline

The Know Your Customer (KYC) activities of the Dutch fintech start-up Safened are experiencing such growth that they will be rebranded as Fourthline. In the past year and a half, the company has performed digital identity checks on millions of customers for banks and fintechs like N26, Wirecard and Allianz. Experienced executives are now joining the company to lead Fourthline through the next phase of growth. Exceptional growth in “the next $20... more Read more »

Encompass Corporation survey reveals customer outreach is top challenge for onboarding professionals

Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out a survey questioning onboarding and compliance professionals about the challenges they come up against in their day-to-day roles. Read more »

FICO and Visma Connect Launch Partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe

Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.  Read more »

FICO and Visma Connect Launch Partnership to Offer SaaS Anti Financial Crime Solutions in Western-Europe

Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.  Read more »

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