SmartSearch ‘TripleCheck’ Sets a New Standard in AML Security
- 4 years 3 months ago
- Security, AML and KYC
Anti-money-laundering (AML) specialist SmartSearch has launched TripleCheck, a ground-breaking new digital Know Your Customer (KYC) and AML solution. TripleCheck combines three highly sophisticated verification methods to set a new standard in AML security. Level 1 – Identification and Verification with sanctions and PEP screening Level 1 is SmartSearch’s award-winning electronic identity verification.
Sumsub Teams Up With VALK to Help Secure the Process of Fundraising and Private Placement
- 4 years 3 months ago
- Compliance, AML and KYC
Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit to cover KYC/KYB/AML needs, today announces its partnership with VALK, a white-label end-to-end digital solution for private markets built on Corda. Sumsub has been tasked with automating KYC checks and ensuring compliance for VALK's users.
QuantaVerse Adds Interpretable Machine Learning to Enrich AML Risk Determinations
- 4 years 3 months ago
- Machine Learning, Cybersecurity, AML and KYC, Risk Management
QuantaVerse, which uses AI and machine learning to automate financial crime investigations, has enhanced its Financial Crime Investigation Report (FCIR), so AML cases can be accurately adjudicatedmore efficiently than ever before.
SmartSearch Named One of UK’s Top Tech Firms for Second Year Running
- 4 years 3 months ago
- AML and KYC
Pioneering anti-money-laundering firm SmartSearch has been named in the Sunday Times Sage ‘Tech Track 100’ for a second successive year. The list, published on Sunday, recognises Britain’s 100 private tech companies with the fastest-growing sales over a three-year period.
New Report Reveals How Cyber Attackers ‘Cash Out’ Following Large-scale Heists
- 4 years 3 months ago
- Cybersecurity, AML and KYC
SWIFT and BAE Systems Applied Intelligence today published ‘Follow the Money’, a new report that describes the complex web of money mules, front companies and cryptocurrencies that criminals use to siphon funds from the financial system after a cyber-attack.
Mphasis Partners with iMeta Technologies to Build a Next Gen KYC Solution for the Financial Industry
- 4 years 4 months ago
- Compliance, AML and KYC, Data
Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specialising in cloud and cognitive services, today announced its strategic partnership with UK-based software company
Sumsub Teams Up With Cowork Tools to Help Top European Coworking Businesses Reach Automated AML/KYC Compliance
- 4 years 4 months ago
- Compliance, AML and KYC
Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit to cover KYC/KYB/AML needs, is due to help the biggest coworking companies reach AML/KYC compliance and reinforce anti-fraud under the roof of Cowork Tools, a platform that empowers community coworking with essential enterprise-level tools.
AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year
- 4 years 4 months ago
- Compliance, Regulatory Standards, AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions, today released its mid-year findings on global financial institution fines which show that by the end of July 2020, penalties have totaled $5.6 billion for non-compliance with Anti-Money Laundering (AML), Know your Customer (KYC), and sanctions regulations.
Sumsub Launches an Agent-assisted Video Streaming Process in Tune With the Regulatory Rules of Estonia, the DACH Region and Liechtenstein
- 4 years 4 months ago
- Compliance, AML and KYC
Sumsub, an identity verification platform that provides an all-in-one technical and legal toolkit to cover KYC/KYB/AML needs, today introduces a new product— verification through the agent-assisted video chat process in compliance with the regulatory requirements of Estonia, Austria, Germany, Switzerland, and Liechtenstein. The new functionality will allow companies operating under the laws of multiple jurisdictions to conduct compliance in a... more
Kompli-Global helps companies expose bad actors within their customer base
- 4 years 4 months ago
- RegTech, Security and Compliance, Data Protection, Fraud Detection, AML and KYC
Every major organisation in the United Kingdom has customers that are up to no good, potentially with criminal intentions. Fraudsters and money launderers are clever and, once through the onboarding process and into a company, are able to work and manipulate the system.
Wolters Kluwer earns prestigious XCelent Award for “Know Your Customer” offering
- 4 years 4 months ago
- Compliance, AML and KYC
Research and advisory firm Celent has honored Wolters Kluwer Compliance Solutions with a 2020 XCelent Award for Depth of Client Service in recognizing the company’s financial crime control offering, OneSumX for Customer Due
Finch Global launches fintech digital passport to make compliance checks smoother for businesses
- 4 years 4 months ago
- Compliance, Regulatory Standards, AML and KYC
As financial institutions and organisations come to terms with the challenges of the post-Covid-19 world it is obvious that regulated businesses urgently need a new, more efficient, fast and secure way to onboard new customers and re-energize their existing customer base. They also need to add value to their existing customer relationships. Finch Global aims to do just that by creating a shared service that makes it easier to take out financial... more
Alior Bank Selects Onfido to Streamline Digital Identity Verification for Onboarding New Customers Through Its Mobile Application
- 4 years 4 months ago
- Digital Identity, Compliance, AML and KYC
Onfido, the global identity verification and authentication company, today announced a partnership with Alior Bank, the large universal bank in Poland, powering fast and user-convenient digital onboarding and Know Your Customer (KYC) processes.
QuantaVerse’s AI-powered AML solutions secure highest possible ratings from independent model validation firm
- 4 years 4 months ago
- Artificial Intelligence, Security and Compliance, AML and KYC
QuantaVerse, which uses AI and machine learning to automate financial crime investigation processes, engaged an independent model validation firm to ensure the regulatory rigor of its AI and machine learning platform. Leveraging its proprietary modeling framework to thoroughly analyze QuantaVerse’s AI solutions, the firm delivered a comprehensive model validation.
Maitland enhances AML compliance services in Luxembourg
- 4 years 4 months ago
- Compliance, AML and KYC
Maitland, the leading global advisory and fund administrator, has announced it is enhancing its AML regulatory compliance capabilities to meet rising demand among Luxembourg fund managers. Driving the need for outsourced compliance services in Luxembourg is the latest anti-money laundering (AML) guidance from the Commission de Surveillance du Secteur Financier (CSSF).
