AML and KYC

New Whitepaper Calls for Effective AML Due Diligence

2 years 10 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in the UK, reveals that financial services firms are witnessing increased fraudulent activity, yet many are still using outdated procedures to confirm client identities.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 10 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 10 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 10 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 10 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 10 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 11 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 11 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 11 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 11 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

3 years 3 days 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

3 years 5 days 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

3 years 5 days 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.

SmartSearch Announced as Preferred AML Supplier for Alto

3 years 6 days ago
AML and KYC

SmartSearch, the leading anti-money laundering specialist, is providing its industry leading customer verification system to Alto, the leading cloud-based software for agents and part of Zoopla.