UK Fintech Gemba Chooses ThetaRay for its AML Program to Support Global Growth
- 1 year 1 month ago
- AML and KYC
Gemba Finance, a leading provider of innovative banking and financial management solutions, and ThetaRay, the leader in next-generation AI-powered trusted global payments, announced today the implementation of ThetaRay’s AI-powered transaction monitoring technology, SONAR, to power Gemba’s growth, while reducing regulatory exposure which
Financial institutions Say Complying with New Anti-Money-Laundering Legislation Could Cost Them Each Up to £1,000,000
- 1 year 1 month ago
- AML and KYC
According to research from compliance and payments expert,
iDenfy Partners with ECNG Digital to Boost Security with AI-powered KYC
- 1 year 2 months ago
- AML and KYC
iDenfy, a global RegTech startup offering AI-based ID verification and fraud prevention solutions, partnered with ECNG Digital, a Lithuania-based fintech company offering virtual currency exchange services and modern payment tools for merchants. iDenfy’s identity verification solution will enable ECNG Digital to reduce drop-off rates and simplify the identity verification process.
Encompass Triumphs at Discover Perfect Pitch Competition as Financial Services Industry Gathers at Sibos 2023
- 1 year 2 months ago
- AML and KYC
Encompass Corporation, the provider of the leading dynamic Know Your Customer (KYC) process automation platform, has been recognised as a winner of the Discover Perfect Pitch competition as part of Sibos 2023 – the leading financial services event.
Nethone Supports Merchants to Meet Visa CE3.0 Criteria and Prevent First-party Misuse
- 1 year 2 months ago
- AML and KYC
Nethone, the Know Your Users AI-powered fraud prevention company, has partnered with Verifi, A Visa Solution, to enable merchants that meet Visa Compelling Evidence 3.0 criteria to deflect first-party misuse disputes. With increased rates of friendly fraud and chargebacks, followed by time-consuming dispute-related processes, merchants require a more transparent relationship with consumers and an efficient way to respond to disputes that don’t... more
Sumsub Announces New Partnership with AML Incubator to Streamline Identity Verification
- 1 year 2 months ago
- AML and KYC
Sumsub, a full-cycle verification platform to secure the whole customer journey, announces a strategic partnership with AML Incubator, one of the leading anti-money laundering (AML) and regulatory compliance outsourcing companies in Canada providing solutions and consulting services across various countries including the U.S., E
InScope-AML and Regula Partner to Bolster Anti-Money Laundering Compliance Across Europe and Beyond
- 1 year 2 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 2 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 2 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 3 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 3 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 3 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 3 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 3 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.
