Global rise in human trafficking inspires ground-breaking technology trial for banks
- 4 years 5 months ago
- Security, AML and KYC
BAE Systems Applied Intelligence and Acuminor recently announced a new technology trial to help banks identify transactional behaviour linked to human trafficking. The two organisations have collaborated to provide an unnamed major Nordic bank with a proof of concept that can simulate suspicious activity and test the efficiency of the banks’ financial crime detection systems.
AML specialist SmartSearch breaks into US market
- 4 years 5 months ago
- RegTech, AML and KYC
Leading UK anti-money-laundering (AML) firm SmartSearch is today launching operations in the USA. Expansion into the US market follows a period of sustained growth that has seen the firm frequently named among the UK’s fastest-growing companies, and a leader in the increasingly important ‘RegTech’ sector.
Aviva Selects Fenergo to Streamline KYC and AML Compliance
- 4 years 5 months ago
- AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions has been selected by Aviva, to replace Know Your Customer (KYC), Customer Due Diligence (CDD) and Anti-Money Laundering (AML) systems and services.
EQ partners with Encompass to bolster KYC offering
- 4 years 5 months ago
- Artificial Intelligence, Payments, AML and KYC, Data
EQ (Equiniti), an international technology-led services and payments specialist, is delighted to announce that it has partnered with Encompass to further bolster its KYC proposition. EQ will work with Encompass to automate and use artificial intelligence to analyse data that helps build a dynamic picture of a company or individual in just minutes, enhancing EQ’s technological capabilities alongside their fully managed service.
Mastercard and Octet Europe enable European small businesses to thrive in the global economy
- 4 years 6 months ago
- Trade Finance, Payments, Security, AML and KYC
Today, Mastercard and Octet Europe announce the launch of a new trade solution across the European Economic Area (EEA).
Australian Fintech Hay Selects Featurespace to Strengthen Prepaid Card Security and AML
- 4 years 6 months ago
- Security, Fraud Detection, AML and KYC, Risk Management
Featurespace™, the leading provider of Enterprise Financial Crime prevention software, has revealed that Australian fintech Hay has selected its ARIC™ Risk Hub to detect and prevent fraud and money laundering on its mobile-first solution.
CWG Inks Strategic Partnership with Clari5 to help African Banks Combat Financial Crime in Real-Time
- 4 years 6 months ago
- Fraud Detection, AML and KYC, Risk Management
Leading information technology company CWG, today announced that it has partnered with Banking Enterprise Financial Crime Risk Management products company Clari5 to jointly help African banks combat enterprise fraud and money laundering.
Nice Actimize X-Sight Marketplace Boosts Efficiency for AML Investigations with Free Services Addressing Covid-19 Challenges
- 4 years 6 months ago
- Covid-19, Security, Compliance, AML and KYC, Data
NICE Actimize, a NICE business (Nasdaq: NICE) and leader in Autonomous Financial Crime Management, today announced that two new X-Sight Marketplace partners are offering a range of free tools and services designed to boost operational efficiency of AML investigations during the onslaught of COVID-19 related demands. The two partners focus on automation and screening requirements, leveraging advanced next-generation technologies.
IDnow launches free regulatory information service "KYC Insider”
- 4 years 6 months ago
- Digital Identity, Regulatory Standards, AML and KYC
IDnow a leading provider of Identity Verification-as-a-Service solutions and regulatory expert presents
Norway’s State Housing Bank Selects Temenos to Rapidly Offer Billions in Loans, Grants and Housing Support to Residents and Municipalities
- 4 years 6 months ago
- Lending, Cloud, Fraud Detection, AML and KYC
Temenos (SIX: TEMN), the banking software company, today announced that the Norwegian State Housing Bank, Husbanken, will replace its legacy IT system and deploy Temenos Transact to digitalize and optimize its lending operations. Temenos’ partner, Syncordis, will support the implementation. Temenos’ cloud-native core banking product will drive operational efficiencies across the bank’s back-office operations and reduce cost and complexity.... more
Adaptive Behavorial Risk Models Automatically Protect Consumers
- 4 years 6 months ago
- Fraud Detection, AML and KYC
Fraud and financial crime continue to increase during societal changes. Data has altered due to a dramatic shift in consumer spending patterns. Machine learning models traditionally created on historic data need re-training to learn new consumer behaviors and be effective at identifying fraud and financial crime and optimizing payment flow.
Britons Embrace Biometrics But Over Half Will Abandon Applications If Not Fully Digital
- 4 years 6 months ago
- Covid-19, Compliance, AML and KYC, Security
Since the start of the COVID-19 outbreak, much focus and value has been put on contactless and online interactions – particularly in the financial sector. New research commissioned by global analytics software provider FICO, conducted just before the pandemic took hold, shows that online interactions were already very much par for the course amongst UK consumers. The challenge for financial institutions appears to be ensuring that the entire on-... more
IronFX to open R&D Centre in Mumbai
- 4 years 6 months ago
- FX Contracts, AML and KYC
IronFX has chosen Mumbai to accommodate its ongoing R&D efforts, aiming to create transformative technologies for forex traders around the world, including unique withdrawal solutions, mobile trading platforms, and advanced customisation features. They will be joining a long list of international companies utilising the ecosystem in Mumbai to drive innovation and growth.
NICE Actimize’s AML Solutions Chosen by Rakuten Securities to Improve Operational Efficiencies and Reduce Compliance Risk
- 4 years 6 months ago
- Compliance, AML and KYC
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Rakuten Securities Inc., a major online brokerage operating throughout Japan and across Asia, to implement an innovative anti-money laundering compliance platform to protect and support its investor clients and meet regulatory requirements. Rakuten Securities will utilize industry-leading solutions from NICE Actimize’s... more
Equifax partners with HooYu for digital customer onboarding and KYC journey tech
- 4 years 6 months ago
- RegTech, AML and KYC
Equifax, the business and consumer insights expert, has announced a partnership with HooYu, leading customer onboarding and KYC RegTech provider, to expand its range of identity and fraud tools.
