Sumsub Receives CySEC’s ASP License to Help Over 1000 Financial Businesses Reach Bank-grade Compliance and Accelerate Growth
Identity verification platform Sumsub secured an administrative services provider (ASP) license from CySEC, a key European regulator with stringent demands. This additional qualification will help Sumsub consult over 1000 businesses that struggle to meet AML requirements.
AML Compliance Costing UK Financial Institutions a Massive £28.7Bn Annually – the Equivalent of Half of Last Year’s Defence Budget Says LexisNexis® Risk Solutions
LexisNexis® Risk Solutions, the global data and analytics provider, today releases its latest report Cutting the Cost of AML Compliance, which reveals a conservative estimate for AML compliance costs across the UK financial services sector reaching almost £29bn per year.
Napier, provider of next-generation anti-financial crime compliance solutions, has continued its aggressive global expansion strategy with the opening of a second APAC office within 10 months.
Comviva, one of the global leaders in providing digital financial solutions, today announced that it has partnered with Accura Scan, one of the world’s leading and most advanced digital KYC (Know Your Customers) and identity verification service provider.
Leading anti-money laundering solution provider SmartSearch has entered the non-regulated market with a new product launch as part of its ongoing business growth. The RegTech specialist, based in Ilkley, West Yorkshire, had its most successful year to date in 2020 and has recently opened offices in the United States and the Netherlands as part of its international growth plans.
ClauseMatch Graduates from TechNation LawTech Sandbox Pilot Advancing the Solution for Digital Regulation
ClauseMatch has become one of the five innovative tech pioneers to successfully complete LawTech Sandbox, the new programme by TechNation UK. ClauseMatch is an award-winning global compliance technology company (RegTech) that automates policy management and regulatory change management at financial institutions and other regulated organisations. The first cohort of LawTech launched back in November 2020.
Modularbank, the Estonian-founded next-generation core banking platform, and HAWK:AI, the German-founded money-laundering detection and investigation platform, have today announced a new partnership which sees HAWK:AI’s AML software added as an out-of-the-box integration to Modularbank’s core banking suite.
Leeds-based Enterprise RegTech launch low-cost client verification and regulatory compliance solution for Legal, Investment, Accountancy and Real Estate sectors. Leading RegTech firm TruNarrative have expanded their product line-up with new Know Your Customer (KYC) and Anti-Money Laundering (AML) solution TruPortal, designed specifically for low-volume users.
- 27.01.2021 02:44 pm
- AML and KYC
Fenergo today announced it has launched Fenergo KYC & Onboarding for Salesforce on Salesforce AppExchange, providing customers with new ways to deliver automated straight through client journeys while satisfying Anti-Money Laundering (AML) and Know Your Customer (KYC) regulatory requirements. The app connects Fenergo’s client lifecycle management (CLM) and regulatory intelligence with Salesforce’s client relationship management (CRM),... more
QuantaVerse Launches New Financial Crime Investigation Report to Streamline Level 1 AML Investigations
QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, has introduced an additional Financial Crime Investigation Report that addresses the specific needs of Level 1 AML compliance teams. The new report helps reduce the average time spent investigating an alert by over 50 percent.
NICE Actimize, a NICE (NASDAQ: NICE) business, has been selected by Vancouver City Savings Credit Union (Vancity), a member-owned financial co-operative headquartered in British Columbia, Canada, to drive and implement its modernized, cloud-based antimoney laundering operation. The financial cooperative’s objective is to significantly improve its investigators’ efficiency, allowing them to fight financial crime more effectively while... more
White label exchange software provider Scalable Solutions has integrated Sumsub, an all-inclusive KYC/AML compliance platform.
Accuity Releases Bankers Almanac Enhanced Due Diligence to Automate Risk Assessments for Financial Counterparty KYC
Accuity, the leading global provider of financial crime screening, payment services, and know your customer (KYC) solutions, has announced the availability of Bankers Almanac Enhanced Due Diligence, a new solution that will enable banks to conduct efficient and effective KYC risk assessments of their financial counterparties within a single application.
Identity Document Experts TrustID and Financial crime platform TruNarrative join forces to deliver expert document review into firms’ onboarding strategies. Global RegTech company, TruNarrative has announced a new partnership with TrustID, to integrate their expert document review service into the TruNarrative platform. Enabling TruNarrative customers to utilise the industry expertise that the TrustID team bring.
- 11.01.2021 11:30 am
- AML and KYC
Leading provider of digital KYC onboarding technology, HooYu, today announces the launch of new UI and UX tools to increase success rates for regulated companies that perform Know-Your-Customer (KYC) checks. This comes after research from a HooYu report revealed that more than 85% of fintech and e-money providers see streamlining the effectiveness of customer onboarding as the best tactic to grow their customer numbers.