AMLYZE and Satchel Join Forces to Elevate Digital Banking Compliance
- 1 year 1 week ago
- Compliance
Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a top-tier regtech company specializing in anti-money laundering and financial fraud prevention.
Encompass Corporation Acquires CoorpID and Blacksmith KYC from ING to Develop Revolutionary Corporate Digital Identity Platform
- 1 year 2 weeks ago
- AML and KYC
Encompass Corporation, the global provider of real-time digital Know Your Customer (KYC) profiles, has acquired CoorpID and Blacksmith KYC from ING to develop a market-leading platform that solves the critical challenge of identification and verification of corporate and institutional clients. Transform KYC outreach with CoorpID
Global Financial Institution AML and Regulatory Fines Soar in 2023
- 1 year 3 weeks ago
- AML and KYC
Fenergo, the leading provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, today released its annual findings on global financial institution enforcement actions, which reveal that the value of penalties imposed on firms surged 57% in 2023.
Wolters Kluwer Launches Expert Solution to Aid Compliance with Corporate Transparency Act
- 1 year 4 weeks ago
- Compliance
Wolters Kluwer, the software solutions giant, has today announced the launch of an expert financial technology solution aimed at helping the nearly 33 million U.S. businesses impacted by the beneficial ownership reporting rule under the Corporate Transparency Act (CTA).
AMLYZE and TransactionLink Announce Strategic Partnership to Revolutionize AML/KYC Automation
- 1 year 1 month ago
- AML and KYC
AMLYZE, a leading RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, is excited to announce a strategic partnership with TransactionLink, the Berlin-based no-code platform, in a move that will transform the landscape of Anti-Money Laundering (AML) and Know Your Customer (KYC) automation. This collaboration will enable TransactionLink's clients to have most stages of their AML journey handled by... more
Hawk AI Welcomes OTTO Payments as a Customer of Scalable AML Compliance Software
- 1 year 1 month ago
- AML and KYC
Hawk AI, Germany’s leading provider of anti-money laundering surveillance technology for banks, payment firms, and fintechs, today announced OTTO Payments, the payments division serving the otto.de marketplace, as a client. With the partnership, OTTO Payments will make use of Hawk AI’s Transaction Monitoring and Customer Screening technology, powered by explainable AI, to ensure effective Anti-Money Laundering (AML) compliance.
Mistrust of Technology Exposing a Third of Regulated Firms to Money Laundering - SmartSearch Survey
- 1 year 1 month ago
- AML and KYC
More than a third (36 percent) of people in regulated firms who ‘can’t trust’ electronic ID verification and instead rely on manual checks are leaving their doors open to financial crime, anti-money laundering expert warns. This statistic - from SmartSearch’s 2023 annual survey of 500 compliance stakeholders - has doubled since their 2022 survey, when 18 percent of people said they couldn’t trust the technology.
One Year on from EU’s Proposed VAT in the Digital Age (ViDA) Reforms
- 1 year 1 month ago
- Tax Authorities
Today marks the one-year anniversary of the European Commission’s VAT in the Digital Age (ViDA). Set to be enforced between 2024 and 2028, these reforms respond to reports indicating a €93 billion loss in VAT revenues for European member states in 2020 and aim to enhance efficiency and combat fraud.
Tokenbridge to Use Blockchain Technology to Enhance KYC and ID Processes for Financial Services Data Business The Tracing Group
- 1 year 1 month ago
- AML and KYC
Tokenbridge, a B2B tokenisation platform streamlining the wealth and fund management ecosystem, today announced that it is working with financial client data firm, The Tracing Group (TTG), to implement blockchain technology to streamline Know Your Client (KYC), Anti-Money Laundering (AML) and client identification processes.
Cytora Integrates Vespia AML and KYB Compliance to Further Operationalise Data Directly Into the Risk Processing Workflows
- 1 year 1 month ago
- Compliance
Cytora, the leading digital risk processing platform and Vespia, a provider of compliance data, is proud to announce Vespia’s AI powered risk analytics are now being used to enhance the underwriting process seamlessly within Cytora’s digital risk processing platform, providing commercial insurance underwriters with deeper insights into business risks associated with AML and sanctions.
"Viena Saskaita" Strengthens Money Laundering Prevention with AMLYZE Solutions
- 1 year 2 months ago
- AML and KYC
AMLYZE, a leading RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, will provide money-laundering prevention and compliance solutions to the first and largest Lithuania’s specialized online payment platform "Viena Saskaita".
Archway.Finance Chooses iDenfy to Boost Security Through New KYC/AML Solutions
- 1 year 2 months ago
- Compliance
iDenfy, a Lithuania-based RegTech company, best known for its identity verification services, partnered with Archway.Finance, a Bulgaria-based fiat-to-crypto payment gateway specializing in business payments, cross-border transactions, and international payments. iDenfy will address Archway.Finance's KYC, KYB, and AML compliance needs, ensuring secure and compliant transactions.
Sanctions Screening by Regulated Firms Plunges Almost 50 Percent, Reveals SmartSearch Survey
- 1 year 2 months ago
- AML and KYC
Only a quarter (25 percent) of regulated firms always check new customers against sanctions or Politically Exposed Person (PEP) lists, according to new survey data from leading anti-money laundering (AML) and digital compliance firm, SmartSearch.
Opal Auctions Boosts Stone Sales Security with iDenfy’s Identity Verification
- 1 year 2 months ago
- Digital Identity, AML and KYC
iDenfy, a Lithuania-based RegTech company providing identity verification and fraud prevention tools, announced a new partnership with Opal Auctions, a global stone and jewelry marketplace platform for verified users. iDenfy’s KYC solution will help verify and onboard sellers and buyers through a simple, four-step identity verification process.
Majority of Regulated Firms do not Always Complete Essential Identity Checks
- 1 year 2 months ago
- AML and KYC
More than two-thirds of regulated firms (70%) do not always complete essential identity checks when taking on new individual customers, new survey data can reveal.
