Encompass Corporation AML penalty analysis
- 6 years 6 months ago
- AML and KYC
Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out an analysis of Anti-Money Laundering (AML) related penalties handed down between 1 May and 31 August 2019. Key observations from the analysis are as follows:
Zenus Bank Accelerates Transition to the Cloud with NICE Actimize Anti-Money Laundering and Fraud Essentials
- 6 years 6 months ago
- Cloud, Fraud Detection, Compliance, AML and KYC
Leading the industry with solutions protecting challenger banks and digital financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in autonomous financial crime management, was selected by Zenus Bank, San Juan, Puerto Rico, to establish a cloud-focused financial crime strategy for both anti-money laundering compliance and enterprise fraud protections with its
Open invitation for Supreme Fintech Media Launching
- 6 years 8 months ago
- AML and KYC
The founder of Supreme Fintech from Malaysia is excited to announce the launch of the Supreme Fintech mobile app and financial services, aiming to be the most innovative and advanced private E-banking system in the world. Supreme Fintech is a rapidly growing virtual bank, that specializes in financial technology. It is a worldwide platform that helps to make life easier for individuals from around the globe, for businesses to grow and for... more
MoneyNetint Forms New Partnership with Onfido to Enhance Biometric Security
- 6 years 8 months ago
- Digital Identity, AML and KYC
MoneyNetint has partnered with Onfido, to help enhance their online security procedures so users
Icelandic acquiring bank Borgun hf. invests in cutting-edge FinTech from TruNarrative
- 6 years 8 months ago
- Payments, Banking, AML and KYC
Icelandic acquiring bank Borgun hf. – which offers Europe-wide payment processing and issuing services in Iceland – has invested in a new platform from TruNarrative, to help boost the firm’s merchant lifecycle management (MLM) and onboarding processes. As a member of Visa Europe and Mastercard International, the new platform will enable Borgun to easily adopt new merchants into its payment network, as well as quickly and securely adapt its... more
Deutsche Bank Wealth Management Selects Finantix KYC Solution to Empower KYC Processes with AI Tools
- 6 years 9 months ago
- Artificial Intelligence, AML and KYC
Finantix, a leading supplier of transformational software to the private banking, wealth management and insurance industries globally, announced that Deutsche Bank Wealth Management has chosen its AI-powered Finantix KYC Solution to help enhance the bank’s client onboarding and know-your-client (KYC) processes.
Protiviti and Appway to Help Financial Institutions Automate Key Anti-Money Laundering Processes
- 6 years 9 months ago
- AML and KYC
Global consulting firm Protiviti has formed a business alliance with leading process software provider Appway to enab
iSignthis Paydentity KYC Continues to Drive Applications
- 6 years 9 months ago
- AML and KYC
iSignthis Ltd (“the Company”), is pleased to announce that it has now approved more than 150 reportable accounts1. The focus this last month has been on more complex and larger entities, in sectors adjacent to our CFD/FX core markets. Onboarding of approved merchants continues at a pace driven by the merchant integrating to our API’s, consistent with our guidance and expectations.
Refinitiv and Napier to help combat money laundering with improved transaction monitoring solution
- 6 years 9 months ago
- Fraud Detection, Compliance, AML and KYC
Refinitiv has partnered with Napier, a leading anti-money laundering (AML) and intelligent compliance software provider, to offer a next-generation transaction monitoring solution designed to help corporates and financial institutions tackle money laundering and combat emerging threats in financial crime. The partnership offers Napier’s advanced analytics, automation and transparent artificial intelligence, backed by Refinitiv’s World-Check Risk... more
StreamMind rolls out global confirmation payee solution for banks to comply with new Payment Systems Regulator’s code of practice
- 6 years 9 months ago
- Fraud Detection, Compliance, AML and KYC
StreamMind, a leading technology provider, announced the roll out in Europe of its solution to prevent bank transfer scams, a solution that allows a user to match an identity with bank account number. The solution enables the bank to comply with the recent proposal by Payment Systems Regulator to fully put confirmation of payee measures in place by 31st March 2020.
Fraud Prevention and Identity Verification Technologies at Identity Week London
- 6 years 9 months ago
- Security, AML and KYC
Identity Week comprises three world-class events –Digital:ID, Planet Biometrics & Security Document Week– all focused on the concept of identity verification Gradiant is showing at Digital:ID EXPO its trustworthy solutions for document fraud prevention and biometric customer identity verification.
Refinitiv expands digital KYC solutions to Retail Banking and Wealth Management
- 6 years 9 months ago
- Compliance, AML and KYC
Refinitiv is set to expand its suite of financial crime solutions into the wealth industry as increased scrutiny from regulators and the demand for a more frictionless client experience from investors drive the need for more digital Know-Your-Customer (KYC) and onboarding processes. The push into the Wealth and Advisory segments is set to expand on Refinitiv’s World-Check Risk Intelligence and the company’s expertise in delivering trusted data... more
Fenergo Partners with BENEFIT to Create National eKYC Utility in Bahrain
- 6 years 11 months ago
- AML and KYC
Fenergo, a leading provider of digital Client Lifecycle Management (CLM) solutions for financial institutions, today announces that it will be working with Bahrain’s Electronic Network for Financial Transactions (BENEFIT) in designing and implementing the world’s first national Know Your Customer (KYC) utility that incorporates blockchain technology. The utility platform will support sectors including retail and corporate banking, asset... more
Big Product Improvements Unveiled for Abrigo’s BSA/AML Software
- 6 years 11 months ago
- Compliance, AML and KYC, Risk Management
Abrigo, the leading technology provider of compliance, credit risk, and lending solutions for community financial institutions, announced the company’s innovative product roadmap for 2019 improvements to its Bank Secrecy Act and anti-money laundering (BSA/AML) and fraud prevention software. The roadmap was unveiled at the BAM+ User Group Conference, which concluded last Wednesday in Austin, Texas.
NICE Actimize Introduces CDD-X, Modernizing KYC/CDD Programs with Advanced Analytics and the Power of AI
- 6 years 11 months ago
- Artificial Intelligence, Security, AML and KYC
NICE Actimize announces the launch of CDD-X, the next-generation Know Your Customer/Customer Due Diligence (KYC/CDD) solution. NICE Actimize CDD-X is the latest addition to the Actimize Autonomous AML solution set that leverages the power of artificial intelligence and machine learning to provide more accurate detection and customer risk scoring to reduce compliance risk. Significant reduction in operational costs are realized through the... more
