InScope-AML and Regula Partner to Bolster Anti-Money Laundering Compliance Across Europe and Beyond
- 1 year 7 months ago
- AML and KYC
According to Regula’s survey*, 65% of organizations worldwide use digital document verification as one of their main methods of identity checks. And 94% of those who haven’t yet, plan to employ digital document verification in the next year.
Money Laundering Regulations Continue to Tighten Across Europe
- 1 year 7 months ago
- AML and KYC
Switzerland has drafted new rules to tighten money laundering regulations, holding lawyers, consultants and banks more accountable for reporting, scrutinising and controlling risks, setting a higher standard for the rest of Europe.
Sumsub Launching Free Plan for Crypto Travel Rule Solution as New UK Money Laundering Laws Come into Effect
- 1 year 7 months ago
- AML and KYC
Sumsub is launching a six-month free trial of its Travel Rule compliance solution, starting September 1st. The product will support its cryptocurrency clients as the United Kingdom begins its enforcement of the landmark Crypto Travel Rule legislation on 1 September, aimed at combating money laundering and terrorism financing in the industry.
iDenfy Partners with Beyond the Pines Productions to Build an Automated KYC Process
- 1 year 7 months ago
- AML and KYC
iDenfy, a fraud prevention startup specializing in identity verification and compliance solutions, announced a new partnership with Florida-based Beyond the Pines Productions, a full-service video production company offering video consulting and equipment rental services. iDenfy's comprehensive ID verification solution will be used for customer onboarding, as it has been seamlessly integrated into the automated rental checkout process.
More than Half of Challenger Banks Neglect Sanctions and PEP List Checks
- 1 year 7 months ago
- AML and KYC
Recent survey data reveals challenger banks show a concerning lack of commitment when it comes to screening new customers against sanctions or politically exposed persons (PEP) lists. Only a quarter (24 per cent) say they always verify new customers, while more than half (54 per cent) also freely admit to performing such checks only “on occasions”.
AI is the Most Effective Method for Tackling Money Laundering Threats, According to AML Professionals
- 1 year 7 months ago
- AML and KYC
AI is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals, research from Feedzai, a leading provider of financial crime and risk management solutions.
Sumsub Launches ‘The Sumsuber’ to Share Industry News and Expertise
- 1 year 8 months ago
- AML and KYC
Sumsub, a full-cycle verification platform securing the whole user journey, announces the launch of its expert news site, called The Sumsuber. This platform focuses on four main topics: verification, anti-fraud measures, regulatory compliance, and product updates. The diverse range of content provides valuable insights to compliance experts, risk managers, product and AI technology professionals.
iDenfy Partners with Payout to Create a Fraud-proof KYC Experience
- 1 year 8 months ago
- AML and KYC
iDenfy, a global identity verification, fraud prevention, and compliance tool platform, announced joining forces with Payout, a Slovakia-based financial company, providing innovative automated payment workflow solutions.
0xKYC Partners with Onfido to Provide Fraud Protection Protocols on Blockchain and in the Metaverse
- 1 year 8 months ago
- AML and KYC
Onfido, the global leader in automated digital identity verification, today announced that they have partnered with 0xKYC, an innovative startup bringing zero-knowledge proof identity solutions to Decentralized Autonomous Organizations (DAOs).
AML RightSource Continues to Advance AI Innovation in AML Compliance Services and Solutions
- 1 year 8 months 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 furthered its application of AI and Natural Language Processing (NLP) to allow AML practitioners to reduce time spent on labor intensive, low-value tasks and increase their ability to focus on risks that truly warrant attention.
iDenfy Partners with Umazi to Facilitate Expansion Through Customized KYC and KYB Solutions
- 1 year 8 months ago
- AML and KYC
iDenfy, the Lithuania-based RegTech startup offering AI-powered identity verification and fraud prevention tools, announced partnering with Umazi, the UK-based global cross-industry due diligence platform for automating enterprise identity verification. With the implementation of iDenfy's KYC and KYB software, Umazi aims to elevate its due diligence processes to the highest standards possible within the SME market.
Azentio Software’s AML Transaction Monitoring Recognised by Celent as a Noteworthy Solution
- 1 year 8 months ago
- AML and KYC
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners - offering a range of innovative software products - has been featured in Celent’s recently published Technical Capabilities Matrix, a part of the report, Financial Crime Compliance Technology: AML Transaction Monitoring Edition – 2023.
Encompass Boosts Expertise to Help Banks on the Road to pKYC
- 1 year 8 months ago
- AML and KYC
Encompass Corporation, the provider of the leading dynamic Know Your Customer (KYC) process automation platform, has unveiled a new
iDenfy Partners with CoinSniper to Optimize the KYC Process
- 1 year 9 months ago
- AML and KYC
iDenfy, a Lithuania-based RegTech company offering full-stack identity verification and fraud prevention tools, announced a new partnership with CoinSniper, a digital asset platform for discovering the latest cryptocurrency projects, coins, and tokens. CoinSniper integrated iDenfy’s verification software, enhancing the KYC onboarding experience for all crypto users on the platform.
