AML and KYC

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 »

PensionBee chooses Onfido to deliver frictionless KYC compliance

Leading identity verification provider Onfido today announces that it has partnered with PensionBee. Onfido’s machine learning-based identity verification technology allows PensionBee to streamline KYC processes, reducing manual overheads and bringing new users onboard. Read more »

Opus Launches New Solution to Simplify KYC for Financial Institutions

Opus, the leading provider of global compliance and risk management solutions, announces the launch of Clarity KYC, its new Know Your Customer (KYC) workflow automation and risk intelligence solution. The product is aimed at financial services clients, providing a modern, easy-to-use SaaS solution that reduces the time and cost of client onboarding and improves the speed and accuracy of the customer due diligence process. Read more »

NICE Actimize Announces IFM-X Integrated Fraud Management Platform Powered by AI

 NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced IFM-X, its next-generation Integrated Fraud Management (IFM) platform that leverages automation and machine learning to optimize effectiveness while reducing the total cost of implementing and operating an enterprise fraud risk management system. Read more »

FICO TONBELLER recognized as a Leader in AML, KYC

Two new IDC MarketScape reports name FICO TONBELLER, a division of leading analytics software firm FICO, a Leader in financial crime compliance: Read more »

Success of AML and KYC processes depends on ability to properly manage resources and capacity, says ActiveOps

For many businesses – especially those operating in the financial services sector – anti-money laundering (AML) and know your customer (KYC) processes are crucial in ensuring that companies are maintaining regulatory compliance and monitoring for suspicious activity. To stay on top of AML and KYC requirements, organisations must ensure they have the ability to adequately plan and manage resource and capacity, so that staff efficiency and impact... more Read more »

encompass and Bisnode partner to strengthen data coverage in the Nordic region for enhanced KYC

encompass corporation, a fast-growing global provider of intelligently automated Know Your Customer (KYC) solutions, today announces a strategic partnership with Bisnode, Europe’s leading provider of data and analytics, to enable it to deliver state-of-the-art information and customer onboarding services to financial institutions in the Nordic region. Read more »

FICO Awarded Five New Patents for Fraud, AI and Decision Science

Silicon Valley analytic software firm FICO has been awarded five new patents related to fraud, artificial intelligence (AI) and advanced analytics.  In total, FICO currently holds 192 US and foreign patents, and 93 pending patent applications. Read more »

Arachnys Receives Top Accolades From Chartis Research

Arachnys, the leader in Customer Risk Intelligence solutions for Know Your Customer (KYC), Anti Money Laundering (AML) and Customer/Enterprise Due Diligence (CDD/EDD), today announced it has ranked 65th in the Chartis RiskTech100® in its first year submitting an application. The RiskTech100®, now in its 13th year, is the leading evaluation of the world's top 100 providers in risk and compliance markets. Read more »

Arachnys Unveils Customer Risk Intelligence Suite Transforming the Intersection of Entity Data and Investigative Intelligence

Arachnys, the leader in Customer Risk Intelligence (CRI) solutions for Client Onboarding, Know Your Customer (KYC), Customer Due Diligence & Enhanced Due Diligence (CDD/EDD) and Anti Money Laundering (AML), today announced the launch of their CRI cloud-native platform. Read more »

APPx Group Holdings, Inc. selects encompass corporation to bolster AML and CTF practices

encompass corporation (“encompass”), a fast-growing global provider of intelligently automated Know Your Customer (KYC) solutions, is pleased to announce that it has been selected by APPx Group Holdings, Inc. (“APPx”) (CSE:APPX), a Canada-based Fintech incubator and leader in diversified Blockchain 2.0 development, to support and enhance its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) processes in line with regulatory... more Read more »

How to use biometric identification to better KYC

Anti-Money Laundering (AML) and terrorism prevention are key questions in modern finance. Most such policies are determined on a governmental or even international level. A company’s failure to comply with AML regulations may result in hefty fines and loss of credibility. In order to prevent such incidents the banks form their customer relationship policies based on Know Your Customer (KYC) principles. KYC is based on client personal data... more Read more »

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 »

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