Encompass Corporation 2019 AML penalty analysis: $8.14 billion of fines handed out globally
- 5 years 3 weeks ago
- AML and KYC
Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, has carried out an analysis of Anti-Money Laundering (AML) related penalties handed down between 1 January and 31 December 2019. Key observations:
IoTech Lab and Keesing Technologies partner to enhance global KYC platform
- 5 years 3 weeks ago
- AML and KYC
A new partnership between IoTech Lab and Keesing Technologies ensures seamless alignment between risk-based approach rating analysis, transaction monitoring and reliable identity verification. By integrating Keesing’s ID verification technology, IoTech Lab provides an extensive Know-Your-Customer checking platform.
Trader KYC verification from Sum&Substance in MetaTrader 5
- 5 years 1 month ago
- AML and KYC
The trading platform integration with the Sum&Substance KYC service enables the validation of client personal data and documents with one click. The new functionality provides further automation of client onboarding procedures for MetaTrader 5 brokers and the minimization of manual operations.
FCA Calls for Input on New Model for Open Finance
- 5 years 1 month ago
- Regulatory Standards
The Financial Conduct Authority has issued a call for input on proposals to extend open banking rules to a wider range of products, under a new model billed as 'open finance'.
Addiko Group in audit project with Ideagen
- 5 years 1 month ago
- Audit and Reporting
Addiko Group is to work with software firm Ideagen in a cross-border auditing project through several Central and Eastern European countries. Headquartered in Vienna, Addiko - a specialist Consumer and SME banking group – will launch Ideagen’s Pentana Audit software across its operations in Austria, Croatia, Slovenia, Montenegro, Serbia and Bosnia & Herzegovina.
Encompass Corporation Partners with Pega to Streamline and Enhance Know Your Customer Processes
- 5 years 1 month ago
- AML and KYC
Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, today announces a partnership with Pegasystems Inc. (PEGA), the software company empowering digital transformation at the world's leading enterprises.
Esma Proposes Development of Consolidated Tape for European Equities
- 5 years 2 months ago
- Regulatory Standards, Security
Europe's top securities regulator has recommended the establishment of a real-time consolidated ticker tape to improve transparency for equities across the EU's fragmented markets.
VNX Exchange Partners With Sumsub to Provide State-of-the-Art Compliance Experience
- 5 years 2 months ago
- AML and KYC
Luxembourg-based VNX Exchange is joining forces with Sumsub, a scalable solution for KYC/AML regulatory compliance, to stay in line with growing jurisdictional demands and ensure compliance of its platform.
Goldman Sachs to Put the Brakes on Marcus Expansion in UK
- 5 years 2 months ago
- Compliance, Regulatory Standards
Goldman Sachs is planning to slow down the growth of its online retail banking brand Marcus in the UK. This is to avoid surpassing $25 billion in deposits which would require the US bank to ring-fence its retail banking intake from riskier investment activity, the Sunday Telegraph has reported. Goldman Sachs is understood be around halfway to this figure at present.
Fenergo Digital KYC Transforms Compliance in Fight Against Financial Crime
- 5 years 3 months ago
- AML and KYC
Fenergo, the leading provider of digital Client Lifecycle Management solutions (CLM) for financial institutions, today announces the product enhancement, Digital KYC, a real-time Know Your Customer (KYC) solution for financial institutions seeking to automate and perpetuate KYC compliance reviews. The rules-driven Digital KYC solution delivers a risk-based approach to ongoing KYC to increase operational efficiency, lower the cost of compliance,... more
Safened rebrands successful KYC activities as Fourthline
- 5 years 3 months ago
- Digital Identity, AML and KYC
The Know Your Customer (KYC) activities of the Dutch fintech start-up Safened are experiencing such growth that they will be rebranded as Fourthline. In the past year and a half, the company has performed digital identity checks on millions of customers for banks and fintechs like N26, Wirecard and Allianz. Experienced executives are now joining the company to lead Fourthline through the next phase of growth. Exceptional growth in “the next $20... more
Encompass Corporation survey reveals customer outreach is top challenge for onboarding professionals
- 5 years 4 months ago
- AML and KYC
Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out a survey questioning onboarding and compliance professionals about the challenges they come up against in their day-to-day roles.
FICO and Visma Connect Launch Partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe
- 5 years 4 months ago
- Payments, AML and KYC
Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.
FICO and Visma Connect Launch Partnership to Offer SaaS Anti Financial Crime Solutions in Western-Europe
- 5 years 4 months ago
- Data Protection, Fraud Detection, Compliance, AML and KYC
Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.
Accuity Data Reveals Increased Complexity of Sanctions Compliance and Implications for Global Trade
- 5 years 4 months ago
- Payments, AML and KYC
Accuity, the leading global provider of financial crime screening, payments and know your customer (KYC) solutions, has revealed new research into the current sanctions landscape that demonstrates a significant increase in complexity for organisations involved in global trade. At the same time, the stakes have never been higher; almost $1.3 billion worth of fines have already been issued by OFAC for breaches to U.S. Sanctions in 2019 – more than... more
