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XTransfer Closes Series C1 Funding Round, Steps up Investment in AML, Risk Management Infrastructure and Information Security System
- 23.10.2020 05:02 pm
- Investment, Security, AML and KYC, Risk Management
China's leading one-stop cross-border financial services and risk management company XTransfer announced that it has completed a Series C1 round of financing. The latest round was led by Telstra Ventures, together with MindWorks Ventures and existing investors.
ACA Compliance Group Launches Enhanced AML KYC/CIP Solution
- 13.10.2020 02:25 pm
- Compliance, AML and KYC
ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions for financial services firms, today announced the launch of its enhanced anti-money laundering (AML) solution. Available now, ACA’s full-service offering provides firms globally with a dedicated solution for meeting their requirements under various Know Your Customer (KYC) and Customer Identification Program (CIP)... more
OakNorth Bank to Integrate ComplyAdvantage’s Technology for Customer Onboarding
- 06.10.2020 07:27 pm
- RegTech, Security and Compliance, AML and KYC
OakNorth Bank, a leading UK bank that provides fast, flexible and accessible debt financing to growth businesses, today announced its partnership with ComplyAdvantage, the global technology company transforming financial crime detection.
Jumio Named Representative Vendor in the Gartner Market Guide for Identity Proofing and Attribution
- 28.09.2020 06:51 pm
- Digital Identity, AML and KYC
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, has been recognized for the third consecutive year as a Representative Vendor in the latest Gartner “Market Guide for Identity Proofing and Attribution,”1 published on September 11, 2020.
Kompli-Global Launches New Outsourced KYC Offering to Help Regulated Entities Complete Comprehensive Customer Onboarding
- 24.09.2020 01:44 pm
- RegTech, AML and KYC
With fraudsters and money launderers becoming increasingly clever, regulated entities do not always have the time or in-house expertise to keep up with their regulatory compliance obligations. Which is why Kompli-Global, the leading RegTech AML specialist, has today announced the launch of its comprehensive outsourced Know your Customer (KYC) solution, Kompli-Outsource™.
AML Specialist SmartSearch Opens First US Office
- 23.09.2020 02:14 pm
- AML and KYC
Leading UK anti-money-laundering (AML) firm SmartSearch has opened its first office in the USA just two months after starting operations across the Atlantic. Building on the success of the initial launch, SmartSearch has confirmed it will have a presence on the ground in the western state of Utah. Recruitment is now underway for a team to support the office head Chad Rawlings, with group support from international strategy director Martin Turvey.
World’s Largest Crypto Payments Processor, CoinPayments, Adopts Sumsub’s KYC Solution
- 23.09.2020 09:48 am
- Cryptocurrencies, Compliance, AML and KYC
The world’s largest cryptocurrency payments processor, CoinPayments, announces its collaboration with Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit for KYC/KYB/AML needs. This partnership will simplify onboarding for CoinPayments users, while optimizing conversion rates, reducing costs by 30% and reducing time spent on routine tasks by 50%.
FinCEN Files Leak - Experts Comment
- 22.09.2020 10:21 am
- AML and KYC
Leaked documents involving about $2tn of transactions have revealed that some of the world's biggest banks were a part of an industrial-scale money laundering. Here are some of the cases:
UK Financial Institutions Prioritising Investment in Optimising Customer Experience, According to New Tink Research
- 16.09.2020 11:38 am
- Investment, Compliance, AML and KYC
New data published today from open banking platform Tink reveals that UK financial institutions are continuing to recognise the competitive advantage of open banking, going beyond compliance and prioritising investments in improving the digital customer experience.
SmartSearch ‘TripleCheck’ Sets a New Standard in AML Security
- 10.09.2020 03:02 pm
- Security, AML and KYC
Anti-money-laundering (AML) specialist SmartSearch has launched TripleCheck, a ground-breaking new digital Know Your Customer (KYC) and AML solution. TripleCheck combines three highly sophisticated verification methods to set a new standard in AML security. Level 1 – Identification and Verification with sanctions and PEP screening Level 1 is SmartSearch’s award-winning electronic identity verification.
Sumsub Teams Up With VALK to Help Secure the Process of Fundraising and Private Placement
- 10.09.2020 02:06 pm
- Compliance, AML and KYC
Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit to cover KYC/KYB/AML needs, today announces its partnership with VALK, a white-label end-to-end digital solution for private markets built on Corda. Sumsub has been tasked with automating KYC checks and ensuring compliance for VALK's users.
QuantaVerse Adds Interpretable Machine Learning to Enrich AML Risk Determinations
- 09.09.2020 11:27 am
- Machine Learning, Cybersecurity, AML and KYC, Risk Management
QuantaVerse, which uses AI and machine learning to automate financial crime investigations, has enhanced its Financial Crime Investigation Report (FCIR), so AML cases can be accurately adjudicatedmore efficiently than ever before.
SmartSearch Named One of UK’s Top Tech Firms for Second Year Running
- 07.09.2020 10:55 am
- AML and KYC
Pioneering anti-money-laundering firm SmartSearch has been named in the Sunday Times Sage ‘Tech Track 100’ for a second successive year. The list, published on Sunday, recognises Britain’s 100 private tech companies with the fastest-growing sales over a three-year period.
New Report Reveals How Cyber Attackers ‘Cash Out’ Following Large-scale Heists
- 02.09.2020 01:50 pm
- Cybersecurity, AML and KYC
SWIFT and BAE Systems Applied Intelligence today published ‘Follow the Money’, a new report that describes the complex web of money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after a cyber-attack.
Mphasis Partners with iMeta Technologies to Build a Next Gen KYC Solution for the Financial Industry
- 19.08.2020 01:35 pm
- Compliance, AML and KYC, Data
Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specialising in cloud and cognitive services, today announced its strategic partnership with UK-based software company
