AML and KYC

Sumsub Launches a Seamless KYB Solution that Makes Business Verification 24x Faster

4 years 2 months ago
Fraud Detection, AML and KYC, Authentication Technology

As global demand for legal entity checks increases, Sumsub is here to help companies verify their business clients, stay compliant and avoid huge fines. Anti-fraud and verification platform, Sumsub, is launching a KYB solution for fast and effective verification of companies.

Spanish Neobank Rebellion Pay Strengthens AML Compliance with Sentinels

4 years 2 months ago
Digital banking, Transaction Banking, AML and KYC, Risk Management

Sentinels signs first digital bank and expands client footprint into Southern Europe Sentinels, Europe’s leading intelligent transaction monitoring and client risk management platform, has been selected by Rebellion Pay to enhance and streamline the leading Spanish neobank’s anti-money laundering (AML) compliance monitoring and risk profiling functions.

Banks and Financial Institutions Are at Risk Because of the Sanctions on Russia

4 years 2 months ago
RegTech, AML and KYC

Hundreds of financial organizations that wanted to protect themselves against the sanctions on Russia have made thousands of queries recently, using the software a Financial Technology company located in Istanbul developed. Banks and Financial Institutions put Sanction Scanner on their agenda. This startup works with financial institutions from over 40 countries with more than 3000 up-to-date Sanctions, PEP, and Watched lists.

Sanctions Against Russia Mean Screening is More Vital Than Ever

4 years 2 months ago
AML and KYC

Businesses should take action to review their due diligence and sanctions screening procedures to avoid falling foul of extensive new sanctions against Russia, according to an anti-money laundering expert. The sanctions include restrictions against individuals, entities, and their subsidiaries, and the introduction of legislation to limit deposits held by Russian nationals in UK bank accounts to £50,000.

payabl. partners with Know Your Customer for Seamless Merchant Onboarding Across Europe

4 years 2 months ago
Payments, AML and KYC

Today payabl. the international merchant acquirer that enables businesses to take payments easily, reliably and securely, announces it is joining forces with RegTech provider Know Your Customer, to offer fully digital, secure and seamless onboarding to merchants worldwide.

OCR Labs Secures $30 Million Series B

4 years 2 months ago
AML and KYC

OCR Labs a Leading Technology Provider of Digital Identity Verification Globally Secures $30 Million Series B

PassFort’s KYC Workflow Solution to Be Deployed by Nvayo to Drive Customer-centric Onboarding for Ultra-high-net-worth Clients

4 years 2 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

4 years 2 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

4 years 2 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

4 years 2 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

4 years 3 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

4 years 3 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

4 years 3 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

4 years 3 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