Britain’s Binance Ban Illustrates that Even the Largest Exchanges Face AML Inadequacies
- 3 years 9 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 9 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 9 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 10 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 10 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 10 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.
ClauseMatch Graduates from TechNation LawTech Sandbox Pilot Advancing the Solution for Digital Regulation
- 4 years 1 week ago
- Security, Compliance, AML and KYC, Security
ClauseMatch has become one of the five innovative tech pioneers to successfully complete LawTech Sandbox, the new programme by TechNation UK. ClauseMatch is an award-winning global compliance technology company (RegTech) that automates policy management and regulatory change management at financial institutions and other regulated organisations. The first cohort of LawTech launched back in November 2020.
Modularbank Partners with HAWK:AI to Add AML Capabilities to Its Product Offering
- 4 years 3 weeks ago
- Banking, AML and KYC
Modularbank, the Estonian-founded next-generation core banking platform, and HAWK:AI, the German-founded money-laundering detection and investigation platform, have today announced a new partnership which sees HAWK:AI’s AML software added as an out-of-the-box integration to Modularbank’s core banking suite.
TruNarrative Launch New AML and Compliance Solution, TruPortal
- 4 years 1 month ago
- Compliance, AML and KYC
Leeds-based Enterprise RegTech launch low-cost client verification and regulatory compliance solution for Legal, Investment, Accountancy and Real Estate sectors. Leading RegTech firm TruNarrative have expanded their product line-up with new Know Your Customer (KYC) and Anti-Money Laundering (AML) solution TruPortal, designed specifically for low-volume users.
Fenergo Automates and Expedites KYC and Onboarding with Salesforce
- 4 years 2 months ago
- AML and KYC
Fenergo today announced it has launched Fenergo KYC & Onboarding for Salesforce on Salesforce AppExchange, providing customers with new ways to deliver automated straight through client journeys while satisfying Anti-Money Laundering (AML) and Know Your Customer (KYC) regulatory requirements. The app connects Fenergo’s client lifecycle management (CLM) and regulatory intelligence with Salesforce’s client relationship management (CRM),... more
QuantaVerse Launches New Financial Crime Investigation Report to Streamline Level 1 AML Investigations
- 4 years 2 months ago
- Compliance, AML and KYC
QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, has introduced an additional
NICE Actimize Drives AML Cloud Transformation for Vancity
- 4 years 2 months ago
- Cloud, AML and KYC
NICE Actimize, a NICE (NASDAQ: NICE) business, has been selected by Vancouver City Savings Credit Union (Vancity), a member-owned financial co-operative headquartered in British Columbia, Canada, to drive and implement its modernized, cloud-based antimoney laundering operation. The financial cooperative’s objective is to significantly improve its investigators’ efficiency, allowing them to fight financial crime more effectively while... more
Scalable to Integrate Sumsub's All-Inclusive KYC/AML Compliance Platform
- 4 years 2 months ago
- Compliance, AML and KYC
White label exchange software provider Scalable Solutions has integrated Sumsub, an all-inclusive KYC/AML compliance platform.
Accuity Releases Bankers Almanac Enhanced Due Diligence to Automate Risk Assessments for Financial Counterparty KYC
- 4 years 2 months ago
- AML and KYC, Risk Management
Accuity, the leading global provider of financial crime screening, payment services, and know your customer (KYC) solutions, has announced the availability of Bankers Almanac Enhanced Due Diligence, a new solution that will enable banks to conduct efficient and effective KYC risk assessments of their financial counterparties within a single application.
TrustID Joins The TruNarrative Platform
- 4 years 2 months ago
- Digital Identity, Cybersecurity, Compliance, AML and KYC
Identity Document Experts TrustID and Financial crime platform TruNarrative join forces to deliver expert document review into firms’ onboarding strategies. Global RegTech company, TruNarrative has announced a new partnership with TrustID, to integrate their expert document review service into the TruNarrative platform. Enabling TruNarrative customers to utilise the industry expertise that the TrustID team bring.
