Fee Earners Remain Unsold on the Value of AML Compliance
- 3 years 4 months ago
- Compliance, AML and KYC, Risk Management
Time taken to collate relevant information and the level and quality of data available on clients are revealed as the biggest obstacles AML creates for solicitors Better tech to streamline compliance processes paired with better education on what is expected of fee earners are both required to drive engagement
Refinitiv Combines GIACT’s EPIC Platform with World-Check to Help Protect the Consumer Lifecycle
- 3 years 4 months ago
- APIs, Compliance, AML and KYC, Infrastructure
Introduction of a single API solution offers a holistic approach to fraud and risk, covering the customer lifecycle across enrolments, payments, change events, compliance, to ongoing KYC and due diligence
Kroll Launches New KYC Tool - Kroll Business Connect - to Enhance the Efficiency of Onboarding and KYC Checks
- 3 years 4 months ago
- Cloud, Compliance, AML and KYC, Risk Management
Kroll Business Connect allows compliance professionals to keep track of compliance requirements in a single, cloud-based platform Managers can assign automatic task reminders and notifications to ensure efficient task ownership The service is compatible with all compliance software or CRM systems
Astorg and Bridgepoint Complete Fenergo Acquisition
- 3 years 4 months ago
- Asset Management, AML and KYC
Fenergo, the leading provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, is pleased to announce the conclusion of its acquisition by Astorg and Bridgepoint. The transaction completed following approval by the European Commission.
Bybit Taps Sumsub to Provide a Secure Trading Experience for 2mln Users
- 3 years 4 months ago
- Digital Identity, Trading Systems, Cryptocurrencies, AML and KYC
Bybit, one of the top five major cryptocurrency exchanges, partners with leading identity verification solution provider Sumsub to eliminate possible safety threats for millions of users. The companies will achieve this through enhanced KYC/AML routines and secure identity checks that take no longer than 5 minutes, even in the most complex cases.
Encompass Corporation Appoints Cyndi Festa as Head of Data Sourcing
- 3 years 5 months ago
- AML and KYC, Data, People Moves
Encompass Corporation, the fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, today announces the appointment of data management veteran Cyndi Festa to the new role of Head of Data Sourcing. Cyndi joins from Dun & Bradstreet, the leading provider of business decisioning data and analytics, where she enjoyed a distinguished career spanning more than 15 years. Operating globally, she steered areas including... more
IDnow Offers AML Screening and Monitoring
- 3 years 5 months ago
- Digital Identity, AML and KYC
IDnow makes onboarding even easier with automated KYC combined with real-time AML screening and monitoring
smartKYC Partners with Kompany to Provide Live Access to Real-time Global Register Network
- 3 years 5 months ago
- Compliance, AML and KYC
smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, has announced a strategic, data partnership with kompany, the global RegTech platform for business verification and Business KYC (KYB) for AML compliance. Clients of smartKYC and kompany will be able to seamlessly access original company information and documents, from relevant trade and commercial registers instantly via kompany’s global register network.
UK Compliance Professionals are Bracing for an Increase in AML Legislation, as a result of Brexit
- 3 years 5 months ago
- Compliance, AML and KYC, Data, Risk Management
Nearly four fifths (78%) of UK compliance professionals predict more anti-money laundering (AML) regulation is on the way as a direct result of leaving the EU UK firms overwhelmingly support opting out of 6MLD, but are taking it as a sign the UK plans to diverge and create its own AML regulatory framework
Britain’s Binance Ban Illustrates that Even the Largest Exchanges Face AML Inadequacies
- 3 years 5 months ago
- Trading Systems, AML and KYC, Financial
This weekend, Britain’s Financial Conduct Authority announced that Binance Markets Limited is currently “not permitted to undertake any regulated activity” in the United Kingdom. Last month, Binance Markets Limited withdrew its 5MLD application, and all parties seem to agree that the latest developments did not come as a surprise.
Sumsub Receives CySEC’s ASP License to Help Over 1000 Financial Businesses Reach Bank-grade Compliance and Accelerate Growth
- 3 years 5 months ago
- Artificial Intelligence, AML and KYC
Identity verification platform Sumsub secured an administrative services provider (ASP) license from CySEC, a key European regulator with stringent demands. This additional qualification will help Sumsub consult over 1000 businesses that struggle to meet AML requirements.
AML Compliance Costing UK Financial Institutions a Massive £28.7Bn Annually – the Equivalent of Half of Last Year’s Defence Budget Says LexisNexis® Risk Solutions
- 3 years 6 months ago
- Compliance, AML and KYC, Data
LexisNexis® Risk Solutions, the global data and analytics provider, today releases its latest report Cutting the Cost of AML Compliance, which reveals a conservative estimate for AML compliance costs across the UK financial services sector reaching almost £29bn per year.
RegTech Provider Strengthens Foothold in APAC
- 3 years 6 months ago
- RegTech, Security, Compliance, AML and KYC
Napier, provider of next-generation anti-financial crime compliance solutions, has continued its aggressive global expansion strategy with the opening of a second APAC office within 10 months.
Comviva Partners with Accura Scan for Digital KYC and Identity Verification Solution
- 3 years 7 months ago
- Digital Identity, Core Banking, AML and KYC
Comviva, one of the global leaders in providing digital financial solutions, today announced that it has partnered with Accura Scan, one of the world’s leading and most advanced digital KYC (Know Your Customers) and identity verification service provider.
SmartSearch Enters Non-regulated Market as Business Grows
- 3 years 7 months ago
- Platform Technology, AML and KYC
Leading anti-money laundering solution provider SmartSearch has entered the non-regulated market with a new product launch as part of its ongoing business growth. The RegTech specialist, based in Ilkley, West Yorkshire, had its most successful year to date in 2020 and has recently opened offices in the United States and the Netherlands as part of its international growth plans.
