AML and KYC

Pegasystems announces Industry’s First Robotic Automation Capabilities for Pega CLM and Pega KYC applications

Pegasystems Inc. (NASDAQ: PEGA), the software company empowering customer engagement at the world’s leading enterprises, today announced that Pega® Client Lifecycle Management (CLM) and Pega® Know Your Customer (KYC) now enable banks to leverage the power of robotic automation to speed client onboarding processes, reduce operational costs, and accelerate time to market. Read more »

EC Wise Joins FICO’s Enterprise Security Score partner program

Cybersecurity solution provider and systems integrator EC Wise and Silicon Valley analytic software firm FICO announced today that EC Wise has joined FICO’s Enterprise Security Score partner program. Read more »

NICE Actimize Reveals Anti-Money Laundering Webinar Series

NICE Actimize, a NICE (Nasdaq:NICE) business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, is launching its latest anti-money laundering webinar series on February 22 that will address recommended risk-based safeguards for transaction monitoring programs that provide operational efficiency, cost savings, and agility. Read more »

Encompass launches a fully automated Anti-Money Laundering system for banks

A fully automated Know Your Customer (KYC) solution for achieving superior Anti-Money Laundering (AML) and Counter Terrorism Finance (CTF) compliance has been launched by Encompass Corporation. The software platform enables banks to meet the increasingly demanding regulatory requirements of The European Union’s Fourth Anti-Money Laundering Directive, which comes into force on the 26 June 2017. Read more »

CEB TowerGroup recognises FICO as a leading provider in KYC systems

A 2016 report from CEB TowerGroup analysts recognises FICO as a leading provider in “Know Your Customer” systems, with FICO®TONBELLER® Siron® Anti-Financial Crime Solutions. CEB TowerGroup analysts’ 2016 “Do You Know Who I Am? Know Your Customer Systems Market Update” shows that FICO TONBELLER Siron system provides all 18 capabilities studied as standard features. Read more »

Financial Fraud: Greatest Hits of 2016

2016 had a financial fraud being committed once every 15 seconds, compelling financial institutions to buckle up. The trend will continue through 2017 with newer, more innovative attempts. Imperative therefore to think innovatively to stay ahead of the game. Read more »

EverCompliant Raises $9.5 Million Series A to Continue Preventing Transaction Laundering

EverCompliant, the cyber intelligence company, pioneer and industry leader of transaction laundering detection and prevention, announced today the completion of a $9.5 million Series A funding round. The round was led by Arbor Ventures and included existing investors Carmel Ventures, StarFarm Ventures and Nyca Partners. With this investment, Melissa Guzy of Arbor Ventures has joined the Board of Directors of EverCompliant. Read more »

FICO named CSO50 Award winner for its application security program

Silicon Valley analytics software firm FICO today announced that it has been named a winner in the 2017 CSO50 Awards from IDG's CSO. The company was recognised for its next-generation application security program, which accelerates the delivery of robust, secure applications.  Read more »

Accuity Survey Reveals Law Firms Still Facing Significant AML Challenges

Accuity, the leading global provider of risk and compliance solutions, has today published the first survey of its kind exploring the legal profession’s understanding and use of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance controls to help meet new regulation. The results reveal that some of the main challenges include: identifying Ultimate Beneficial Ownership (UBO), establishing clients’ source of wealth and asking fee... more Read more »

SWIFT’s KYC Registry Crosses 3,000-Member Milestone

More than 3,000 financial institutions have signed up to use The Know Your Customer (KYC) Registry, SWIFT’s centralised repository that maintains a standardised set of information about financial institutions required for KYC compliance. Launched in December 2014, The Registry provides a secure, cost-effective KYC solution that enables banks, fund distributors and custodians to maintain and grow their correspondent network. As an industry... more Read more »

IBM Blockchain Helps FinTechs and Banks Address KYC Challenge

Requirements that banks and financial institutions comply with Know Your Customer (KYC) requirements is a global challenge. Blockchain holds potential to help address this need to prove the identity of a person or organization, source of funds, business interests, history and also monitor for changes. During the Singapore FinTech Festival, IBM announced a blockchain project with Singapore fintech startup KYCK! to help enable financial services... more Read more »

BET Entertainment Technologies Taps Accuity to Strengthen its KYC and AML Compliance Controls

BET Entertainment Technologies, a licensed online gambling company based in Portugal, has selected Accuity to boost its KYC (Know Your Customer) and AML (anti money laundering) compliance controls to help it meet new regulation imposed on the Portuguese gambling industry by the local regulator, the SRIJ (Serviços de Regulação e Inspeção de Jogos).  BET Entertainment Technologies worked with its partner SSP, a Portuguese company specializing in... more Read more »

Modulr Appoints Contego to Carry Out Complex KYB and KYC Checks

Contego, the multi-source identity verification and risk-scoring platform, today announced that Modulr, an API platform that simplifies complex payment flows, has selected Contego to carry out checks on companies based in the UK and internationally to help ensure compliance with Know Your Customer (KYC) and Know Your Business (KYB) requirements. Read more »

Onfido Boosts Identity Verification Solution to Make KYC for Financial Services Even Easier

Onfido, the leading Identity Verification provider, will be showcasing enhancements to its machine-learning solution at Vegas Money 20/20 this week. Onfido’s newly-launched Software Development Kit (SDK) makes it even easier for customers to use its next-generation identity verification platform and verify that their customers are who they claim to be without needing to meet them face-to-face. Read more »

AI RegTech Firm Raises $8.2m Series A for AML Platform

 ComplyAdvantage, which uses artificial intelligence and machine learning to help firms manage compliance obligations and reduce costs, announced today an $8.2 million Series A funding round led by Balderton Capital. The funding will allow the RegTech firm to realise its ambitious growth strategy, and increase product penetration across Europe and North America, with the New York office officially opening this week. Read more »

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