NICE Actimize Reveals Anti-Money Laundering Webinar Series
- 7 years 3 months ago
- AML and KYC
NICE Actimize, a NICE (Nasdaq:NICE) business and the largest and broadest provider of a single financial crime, risk and compliance software platform for the financial services industry, is launching its latest anti-money laundering webinar series on February 22 that will address recommended risk-based safeguards for transaction monitoring programs that provide operational efficiency, cost savings, and agility.
Encompass launches a fully automated Anti-Money Laundering system for banks
- 7 years 3 months ago
- Security, AML and KYC
A fully automated Know Your Customer (KYC) solution for achieving superior Anti-Money Laundering (AML) and Counter Terrorism Finance (CTF) compliance has been launched by Encompass Corporation. The software platform enables banks to meet the increasingly demanding regulatory requirements of The European Union’s Fourth Anti-Money Laundering Directive, which comes into force on the 26 June 2017.
CEB TowerGroup recognises FICO as a leading provider in KYC systems
- 7 years 3 months ago
- Compliance, AML and KYC
A 2016 report from CEB TowerGroup analysts recognises FICO as a leading provider in “Know Your Customer” systems, with FICO®TONBELLER® Siron® Anti-Financial Crime Solutions. CEB TowerGroup analysts’ 2016 “Do You Know Who I Am? Know Your Customer Systems Market Update” shows that FICO TONBELLER Siron system provides all 18 capabilities studied as standard features.
Financial Fraud: Greatest Hits of 2016
- 7 years 4 months ago
- Security, Data Protection, Fraud Detection, Compliance, AML and KYC, Security
2016 had a financial fraud being committed once every 15 seconds, compelling financial institutions to buckle up. The trend will continue through 2017 with newer, more innovative attempts. Imperative therefore to think innovatively to stay ahead of the game.
EverCompliant Raises $9.5 Million Series A to Continue Preventing Transaction Laundering
- 7 years 5 months ago
- AML and KYC
EverCompliant, the cyber intelligence company, pioneer and industry leader of transaction laundering detection and prevention, announced today the completion of a $9.5 million Series A funding round. The round was led by Arbor Ventures and included existing investors Carmel Ventures, StarFarm Ventures and Nyca Partners. With this investment, Melissa Guzy of Arbor Ventures has joined the Board of Directors of EverCompliant.
FICO named CSO50 Award winner for its application security program
- 7 years 5 months ago
- Security, Data Protection, Fraud Detection, Compliance, AML and KYC
Silicon Valley analytics software firm FICO today announced that it has been named a winner in the 2017 CSO50 Awards from IDG's CSO. The company was recognised for its next-generation application security program, which accelerates the delivery of robust, secure applications.
Accuity Survey Reveals Law Firms Still Facing Significant AML Challenges
- 7 years 5 months ago
- Security, AML and KYC
Accuity, the leading global provider of risk and compliance solutions, has today published the first survey of its kind exploring the legal profession’s understanding and use of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance controls to help meet new regulation. The results reveal that some of the main challenges include: identifying Ultimate Beneficial Ownership (UBO), establishing clients’ source of wealth and asking fee... more
SWIFT’s KYC Registry Crosses 3,000-Member Milestone
- 7 years 6 months ago
- AML and KYC
More than 3,000 financial institutions have signed up to use The Know Your Customer (KYC) Registry, SWIFT’s centralised repository that maintains a standardised set of information about financial institutions required for KYC compliance. Launched in December 2014, The Registry provides a secure, cost-effective KYC solution that enables banks, fund distributors and custodians to maintain and grow their correspondent network. As an industry... more
IBM Blockchain Helps FinTechs and Banks Address KYC Challenge
- 7 years 6 months ago
- Blockchain, AML and KYC
Requirements that banks and financial institutions comply with Know Your Customer (KYC) requirements is a global challenge. Blockchain holds potential to help address this need to prove the identity of a person or organization, source of funds, business interests, history and also monitor for changes. During the Singapore FinTech Festival, IBM announced a blockchain project with Singapore fintech startup KYCK! to help enable financial services... more
BET Entertainment Technologies Taps Accuity to Strengthen its KYC and AML Compliance Controls
- 7 years 6 months ago
- AML and KYC
BET Entertainment Technologies, a licensed online gambling company based in Portugal, has selected Accuity to boost its KYC (Know Your Customer) and AML (anti money laundering) compliance controls to help it meet new regulation imposed on the Portuguese gambling industry by the local regulator, the SRIJ (Serviços de Regulação e Inspeção de Jogos). BET Entertainment Technologies worked with its partner SSP, a Portuguese company specializing in... more
Modulr Appoints Contego to Carry Out Complex KYB and KYC Checks
- 7 years 6 months ago
- Security, AML and KYC
Contego, the multi-source identity verification and risk-scoring platform, today announced that Modulr, an API platform that simplifies complex payment flows, has selected Contego to carry out checks on companies based in the UK and internationally to help ensure compliance with Know Your Customer (KYC) and Know Your Business (KYB) requirements.
Onfido Boosts Identity Verification Solution to Make KYC for Financial Services Even Easier
- 7 years 6 months ago
- Security, AML and KYC
Onfido, the leading Identity Verification provider, will be showcasing enhancements to its machine-learning solution at Vegas Money 20/20 this week. Onfido’s newly-launched Software Development Kit (SDK) makes it even easier for customers to use its next-generation identity verification platform and verify that their customers are who they claim to be without needing to meet them face-to-face.
AI RegTech Firm Raises $8.2m Series A for AML Platform
- 7 years 7 months ago
- Investment, AML and KYC
ComplyAdvantage, which uses artificial intelligence and machine learning to help firms manage compliance obligations and reduce costs, announced today an $8.2 million Series A funding round led by Balderton Capital. The funding will allow the RegTech firm to realise its ambitious growth strategy, and increase product penetration across Europe and North America, with the New York office officially opening this week.
Accuity Simplifies KYC with New Ultimate Beneficial Ownership Data
- 7 years 7 months ago
- AML and KYC
Understanding the risk that a financial counterparty represents to a financial institution is critical in deciding whether to continue to do business with an existing counterparty or to form a relationship with a new one. Having sight of the entities and individuals with an owning interest in a bank or financial institution (FI) is essential if they are to avoid dealing with sanctioned entities and comply with new regulations.
Kuflink Integrates Contego’s Multi-Source Identity Verification and Risk-Scoring Platform
- 7 years 7 months ago
- AML and KYC
Contego, the multi-source identity verification and risk-scoring platform, today has been appointed by Kuflink, the peer-to-peer lending platform, where loans are secured against UK based property, to carry out checks on individuals to help ensure compliance with Anti-Money Laundering (AML) regulation. As the P2P and property markets are experiencing ever greater regulatory scrutiny, implementing effective fraud mitigation and risk management is... more
