PassFort’s KYC Workflow Solution to Be Deployed by Nvayo to Drive Customer-centric Onboarding for Ultra-high-net-worth Clients
- 2 years 4 months ago
- RegTech, e-Payments, AML and KYC
PassFort, a Moody’s Analytics company, today announced that Nvayo, an electronic money issuer serving ultra-high-net-worth and underserved clients, and its affiliates which form part of the PMA Media Group of companies, has chosen to use its know your customer (KYC) workflow solution. PassFort’s solution will enable the group’s companies to comply with complex international regulations while creating seamless onboarding experiences across global... more
Virgin Money Integrates the HooYu Onboarding Journey for New Account Opening
- 2 years 4 months ago
- Digital banking, AML and KYC
Virgin Money deploys refined customer onboarding journey using HooYu orchestration and UI journey tools HooYu, the leading customer onboarding, and KYC technology provider, is partnering with Virgin Money, the full-service digital bank, to implement a new account opening journey for Virgin Money customers.
New Whitepaper Calls for Effective AML Due Diligence
- 2 years 4 months ago
- Compliance, AML and KYC
Industry leading anti-money laundering specialist SmartSearch has launched a whitepaper analysing due diligence undertaken by financial services firms when on-boarding clients. The report, based upon a survey of 500 regulated firms* in the UK, reveals that financial services firms are witnessing increased fraudulent activity, yet many are still using outdated procedures to confirm client identities. Key findings include:
Moorwand Launches Suite of Payments Compliance Services
- 2 years 4 months ago
- Payments, Compliance, AML and KYC
Moorwand, a payments solutions provider, offering BIN sponsorship and issuing services, today announced the launch of its suite of payments compliance services. The suite aims to improve the financial crime systems and controls for Moorwand clients whilst reducing the administrative burden and improving operational efficiencies.
Active/Inactive Company AI Agent Further Enhances the QuantaVerse AML Compliance Platform
- 2 years 4 months ago
- Compliance, AML and KYC
New capability considers a company’s registration status as an indicator of AML/BSA compliance risk
Nationwide Builds a Better Digital Onboarding Experience with Jumio
- 2 years 4 months ago
- Artificial Intelligence, AML and KYC
World’s largest mutual building society utilises Jumio’s AI-powered solutions to verify identity and age of new members
How Paybis Enhanced Their KYC/AML Compliance Processes With Sumsub’s All-in-one Solution
- 2 years 4 months ago
- Cryptocurrencies, Compliance, AML and KYC
Reaching 80% conversion and beyond, Paybis is planning to continue their global expansion with strong anti-fraud and a reputable identity verification provider. Paybis, a global crypto exchange platform with over 1,5 mln registered users from 180+ countries, is ready to share the results and future prospects of their partnership with Sumsub, an identity verification and KYC/AML compliance provider.
Trends Impacting Compliance Technology in 2022
- 2 years 4 months ago
- RegTech, Compliance, AML and KYC
Although Covid came and changed the way we live and work over the past 24 months, for those working in compliance, it meant the introduction of more laws, rules and regulations. With these additions, compliance teams continue to face more regulations that need to be discussed, analyzed and implemented. It is also forecasted that the demand for technology will continue to grow which will require the use of automation and Artificial Intelligence... more
Jumio Completes 4Stop Acquisition
- 2 years 5 months ago
- Artificial Intelligence, AML and KYC
Addition of 4Stop’s data sources to the Jumio KYX Platform realizes Jumio’s strategic vision of redefining the end-to-end identity industry
Mobai and Keesing Technologies partner to bring seamless ID verification for secure customer onboarding to market
- 2 years 5 months ago
- AML and KYC
Mobai AS and Keesing Technologies team up to prevent identity fraud and enhance KYC processes by launching frictionless end-to-end identity verification. The partnership adds cutting-edge face verification technology to one of the world’s premier identity verification platforms, providing a highly secure and trusted means of customer screening and onboarding for both on-site and remote settings.
Tier1 Appoints Compliance Software Sales Expert Megan Howe to Expand North America Footprint
- 2 years 5 months ago
- Compliance, AML and KYC, CRM
Tier1 Financial Solutions (“Tier1”), a leading provider of client relationship management (“CRM”) solutions, AML compliance and fraud prevention solutions, has appointed Megan Howe as Managing Director, North America Sales. Howe will be responsible for driving compliance software and buy-side CRM sales in North America, delivering a range of client lifecycle management solutions.
PassFort, a Moody’s Analytics Company and Trulioo Announce Global Partnership
- 2 years 5 months ago
- Digital Identity, AML and KYC, Authentication Technology
The collaboration gives regulated firms choice and flexibility to automate global KYC
60% of Fraudsters Use Physical Fakes: New Study From Sumsub
- 2 years 6 months ago
- Fraud Detection, AML and KYC
Anti-fraud and verification platform, Sumsub, is sharing the results of its identity fraud research to help businesses protect themselves from cybercriminals
New Figures Show AML Enforcement isn’t Slowed by Pandemic, Reveals Kroll
- 2 years 6 months ago
- AML and KYC
Forty-five fines for money laundering failures issued in 2020; on par with 45 issued in 2019 Fines for anti-money laundering (AML) failings globally five times higher in 2020 than 2019, totalling USD 2.2 billion Total fines for AML failings in January – June 2021 stand at 45% of 2020 total, totalling USD 994 million
PAYSTRAX Selects Sentinels to Boost AML Transaction Monitoring for European Payment Services
- 2 years 6 months ago
- Payments, AML and KYC
Contract with Lithuanian merchant acquirer expands Sentinels’ customer footprint in the Baltic region Sentinels, Europe’s leading intelligent transaction monitoring platform, has been selected by European merchant acquirer, PAYSTRAX uab, to enhance the anti-money laundering (AML) processes for its portfolio of European payment services and future-proof the business in line with the increasingly stringent regulatory environment in Lithuania.
