Sanctions Screening by Regulated Firms Plunges Almost 50 Percent, Reveals SmartSearch Survey
- 5 months 5 days ago
- AML and KYC
Only a quarter (25 percent) of regulated firms always check new customers against sanctions or Politically Exposed Person (PEP) lists, according to new survey data from leading anti-money laundering (AML) and digital compliance firm, SmartSearch.
Opal Auctions Boosts Stone Sales Security with iDenfy’s Identity Verification
- 5 months 1 week ago
- Digital Identity, AML and KYC
iDenfy, a Lithuania-based RegTech company providing identity verification and fraud prevention tools, announced a new partnership with Opal Auctions, a global stone and jewelry marketplace platform for verified users. iDenfy’s KYC solution will help verify and onboard sellers and buyers through a simple, four-step identity verification process.
Majority of Regulated Firms do not Always Complete Essential Identity Checks
- 5 months 1 week ago
- AML and KYC
More than two-thirds of regulated firms (70%) do not always complete essential identity checks when taking on new individual customers, new survey data can reveal.
British Banks Grapple with More Costly and Lengthy KYC Procedures
- 5 months 1 week ago
- AML and KYC
Carrying out Know Your Customer (KYC) tasks is becoming increasingly costly and time-consuming for banks in Britain and across the world, according to new research from Fenergo, the leading provider of KYC and Client Lifecycle Management (CLM) software solutions for financial institutions.
iDenfy’s ID Verification Creates a Frictionless KYC Flow for SoftGenius
- 5 months 2 weeks ago
- AML and KYC
iDenfy, a global RegTech startup best known for its ID verification and fraud prevention tool hub, announced a new partnership with SoftGenius, a software development company specializing in crafting premier iGaming solutions. iDenfy's identity verification and AML solutions will assist in the screening and onboarding process of SoftGenius's expanding customer base.
AML RightSource Offers Support for Transaction Monitoring System Selection and Integration
- 6 months 1 day ago
- AML and KYC
AML RightSource, the leading provider of Anti-Money Laundering (AML), Know Your Customer (KYC), and Bank Secrecy Act (BSA) compliance solutions, has expanded its Financial Crimes Advisory (FCA) services to financial institutions with expert support for transaction monitoring system (TMS) selection and implementation.
Instnt Launches Multipass: An Insured Decentralized Consumer Identity for One-click Onboarding and Passwordless Authentication
- 6 months 3 days ago
- AML and KYC
Instnt, a leader in fraud insurance technology that helps businesses shift up to $100MM in annual fraud losses off their balance sheets so they can say yes to more good customers, is excited to introduce Multipass, a universal identity solution that revolutionizes customer acceptance.
Delio Further Digitises AML and KYC for Private Market Distributors
- 6 months 3 days ago
- AML and KYC
Delio, the financial technology firm that digitises the private market strategies of leading financial institutions, has integrated with SumSub to allow for Anti Money Laundering (AML) and Know Your Customer (KYC) checks to further streamline through the Delio Core platform.
AMLYZE Partners with Shufti Pro to Enhance AML Services
- 6 months 4 days ago
- AML and KYC
AMLYZE, a leading RegTech company specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, is pleased to announce its strategic partnership with Shufti Pro, an identity verification service provider, to accelerate trust globally.
Viena Moneta Automates AML Compliance Through the New Deal with iDenfy.
- 6 months 1 week ago
- AML and KYC
iDenfy, a Lithuania-based identity verification, compliance and fraud prevention tools provider, announced a new partnership with Viena Moneta, also a Lithuania-based financial company offering currency exchange services, recognized as "One Coin" in English. iDenfy’s AML solution will swiftly screen customers against various databases, including sanctions lists and global watchlists, to help Viena Moneta identify any suspicious activities faster.
Encompass Named Among Industry Leaders on RiskTech100 List
- 6 months 1 week ago
- AML and KYC
Encompass Corporation, the provider of the leading dynamic Know Your Customer (KYC) process automation platform, has been announced as part of Chartis Research’s RiskTech100 list for the first time.
Generali Investments Holding Deploys Fenergo CLM to Bolster Financial Crime Operations
- 6 months 1 week ago
- AML and KYC
Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), today announced that Generali Investments Holding – holding company of Generali Investments’ ecosystem of asset management firms, with more than €504bn in assets under management (AUM) – is deploying Fenergo’s software-as-a-service (SaaS) CLM to enhance its anti-money laundering (AML) compliance processes.
UK Fintech Gemba Chooses ThetaRay for its AML Program to Support Global Growth
- 6 months 3 weeks ago
- AML and KYC
Gemba Finance, a leading provider of innovative banking and financial management solutions, and ThetaRay, the leader in next-generation AI-powered trusted global payments, announced today the implementation of ThetaRay’s AI-powered transaction monitoring technology, SONAR, to power Gemba’s growth, while reducing regulatory exposure which
Financial institutions Say Complying with New Anti-Money-Laundering Legislation Could Cost Them Each Up to £1,000,000
- 6 months 3 weeks ago
- AML and KYC
According to research from compliance and payments expert,
iDenfy Partners with ECNG Digital to Boost Security with AI-powered KYC
- 7 months 1 day ago
- AML and KYC
iDenfy, a global RegTech startup offering AI-based ID verification and fraud prevention solutions, partnered with ECNG Digital, a Lithuania-based fintech company offering virtual currency exchange services and modern payment tools for merchants. iDenfy’s identity verification solution will enable ECNG Digital to reduce drop-off rates and simplify the identity verification process.
