New SmartSearch Facial Recognition Feature Gives Added Peace of Mind
- 3 years 12 months ago
- Covid-19, AML and KYC
SmartSearch has added a new facial recognition feature to its award-winning digital anti-money-laundering (AML) platform, providing additional peace of mind to clients requiring visual confirmation of customer ID. Due to the restrictions on travel currently in place in response to the Covid-19 outbreak, prospective new customers are unable to present ID documents and proof of address in person.
Global financial crime-fighting body backs digital onboarding call
- 4 years 1 week ago
- AML and KYC, Financial
The Financial Action Task Force (FATF), the multinational body charged with setting the global approach to fighting money laundering and terrorist financing, has backed a call by leading Regtech firm SmartSearch for businesses to employ digital customer onboarding processes.
Fenergo Launches Remote Account Opening Solution to Accelerate Small Business Emergency Loan Approvals
- 4 years 2 weeks ago
- Open Banking, Fraud Detection, Compliance, AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announces the launch of its digital cloud-based Remote Account Opening solution, ahead of schedule, in order to assist US small businesses in accessing PPP emergency loans.
NICE Actimize Provides Financial Services Organizations a Quick and Effective Response to the CARES Act with the Introduction of KYC Xpress
- 4 years 2 weeks ago
- AML and KYC
Due to provisions in the recently enacted CARES Act, financial services organizations are facing an unprecedented influx of loan applications and the need to expedite Know-Your-Customer (KYC) operations and procedures, which are often manual and time consuming.
Avaloq and ACTICO expand strategic partnership to prevent financial crime
- 4 years 2 weeks ago
- Banking, AML and KYC
Avaloq, a global leader in innovative software solutions for banks and wealth managers, is expanding its existing partnership with ACTICO, a leading international provider of software for intelligent automation and digital decisioning. The two companies are integrating the ACTICO Compliance Suite into Avaloq's software solutions for banks and wealth managers, making it easy for Avaloq's clients to use the new compliance offering as a... more
Acumennet ready to support LIBOR discontinuation with new modules
- 4 years 2 weeks ago
- Wealth Management, Compliance
Profile Software, an international financial solutions provider announced today, that Login’s Acumennet Treasury Management platform already accommodates the orderly transition away from LIBOR that is about to affect Treasury departments by 2021. Through continuous investments in designing innovative solutions, Profile and Login have been proactive to accommodate the upcoming change by enriching Acumennet with the functionality necessary for... more
Coronavirus Pandemic, Store Closures, Shift Consumer Buying Behaviour Leading To Accelerated Digital Transformation For Merchants
- 4 years 3 weeks ago
- E-Commerce, Fraud Detection, Compliance
Forter, the leader in e-commerce fraud prevention, today announced the release of the Forter Special Report on the Impact of Coronavirus on Consumer and Fraudster Behaviour.
Pannovate Partners with Salt Edge to Deliver Instant PSD2 Compliance
- 4 years 1 month ago
- Payments, Banking, Compliance
Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer authentication solutions to help organisations launch competitive PSD2 compliant banking and payments programmes in the UK and throughout Europe.
1 in 3 Micro-businesses Risk Breaking Tax Rules by Failing to Separate their Personal and Business Bank Accounts
- 4 years 1 month ago
- Banking, Tax Authorities
A survey carried out by 3Gem for Amaiz, the new banking app, has revealed that just over 30% of micro-businesses don’t have a separate business bank account. These businesses risk muddling business and personal expenditure and breaking tax rules. The survey also found that 44% of micro-businesses are usually spending at least 3 hours a week on admin, with one in five spending around a day a week on getting the books in order.
Coronavirus outbreak spells the end for ‘outdated’ paper-based ID checks – SmartSearch
- 4 years 1 month ago
- Platform Technology, AML and KYC
The spread of the coronavirus means firms relying on paper-based ID checks need to switch to electronic processes now to avoid a freeze on their business, according to anti-money-laundering experts SmartSearch. New restrictions on movement and the fear of contamination of documents have triggered a rush to adopt electronic verification (EV) as firms wake up to the effect of the virus. Relying on documents makes it impossible to comply with... more
W2 looking to support all industries during challenging times ahead
- 4 years 1 month ago
- Transaction Banking, Compliance
W2, the leading provider of real-time digital solutions for global regulatory compliance, has announced today its help to regulated industries faced with challenges during the continue Coronavirus outbreak. W2 CEO, Warren Russell, today confirmed that: “While I am trying to avoid the use of the word ‘unprecedented’ as it is being thrown around a lot at the moment, it is true to say that we are in a world of unknown at present and not a single... more
Baanx partners with HooYu to strengthen KYC processes
- 4 years 1 month ago
- AML and KYC
Leading customer onboarding and KYC technology firm, HooYu, has been deployed by mobile crypto and fiat specialist Baanx. The HooYu Identify KYC journey has been selected to provide identity verification for the onboarding of new customers.
ACA Compliance Group becomes sponsoring partner of AIMA
- 4 years 1 month ago
- Compliance, Risk Management
ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance (GRC) advisory services and technology solutions, today announced that it has become a global sponsoring partner of the Alternative Investment Management Association (AIMA). The move is designed to reinforce ACA’s unwavering commitment to providing the hedge fund community a superior customer experience through specialised expertise, a deep understanding of the... more
SIX Group selects Know Your Customer’s digital solutions to strengthen supplier due diligence
- 4 years 1 month ago
- RegTech, AML and KYC
SIX Group has selected award-winning RegTech provider Know Your Customer to strengthen its procurement process and better assess the risk associated with its international suppliers.
b-next provides compliance solution to major Russian bank
- 4 years 2 months ago
- Trading Systems, Banking, Compliance
The German developer of specialised software b-next has concluded the past fiscal year with an important business deal. A major Moscow-based bank has decided to monitor their future trading activities using an installed surveillance platform developed by b-next. For the software provider, this achievement marks an important step in entering the Russian market.
