AML specialist SmartSearch chalks up continued growth in face of coronavirus outbreak
- 4 years 7 months ago
- AML and KYC
Specialist anti-money-laundering (AML) firm SmartSearch is continuing its impressive growth, despite the outbreak of Covid-19. It now has more than 4,500 clients across the financial and professional services sectors.
Featurespace raises £30 million to drive growth
- 4 years 7 months ago
- Fraud Detection, AML and KYC
Featurespace, the leading provider of Adaptive Behavioral Analytics software for Enterprise Financial Crime prevention, has raised £30 million ($37.4 million) from a funding round led by Merian Chrysalis Investment Company Limited. The round also included further funding from a number of existing investors. The funding will be used to support Featurespace’s continued growth.
Know Your Customer is the driving force behind CSLB-Asia's KYC compliance in corporate services
- 4 years 7 months ago
- AML and KYC, Consultancy
CSLB-Asia, providers of family office, corporate secretarial and commercial business consultancy services, have announced their collaboration with award-winning RegTech company Know Your Customer across the APAC region.
Evalueserve Partners With Encompass to Provide Modular Automation in KYC
- 4 years 7 months ago
- AML and KYC
Evalueserve, a global leader in analytics consulting, today announced a partnership with Encompass, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions. This partnership will augment Evalueserve’s KYC services with automated data discovery and process automation, which makes the overall onboarding and remediation process more efficient for banks, especially with the post-COVID challenges.
New SmartSearch Facial Recognition Feature Gives Added Peace of Mind
- 4 years 7 months ago
- Covid-19, AML and KYC
SmartSearch has added a new facial recognition feature to its award-winning digital anti-money-laundering (AML) platform, providing additional peace of mind to clients requiring visual confirmation of customer ID. Due to the restrictions on travel currently in place in response to the Covid-19 outbreak, prospective new customers are unable to present ID documents and proof of address in person.
Global financial crime-fighting body backs digital onboarding call
- 4 years 8 months ago
- AML and KYC, Financial
The Financial Action Task Force (FATF), the multinational body charged with setting the global approach to fighting money laundering and terrorist financing, has backed a call by leading Regtech firm SmartSearch for businesses to employ digital customer onboarding processes.
Fenergo Launches Remote Account Opening Solution to Accelerate Small Business Emergency Loan Approvals
- 4 years 8 months ago
- Open Banking, Fraud Detection, Compliance, AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announces the launch of its digital cloud-based Remote Account Opening solution, ahead of schedule, in order to assist US small businesses in accessing PPP emergency loans.
NICE Actimize Provides Financial Services Organizations a Quick and Effective Response to the CARES Act with the Introduction of KYC Xpress
- 4 years 8 months ago
- AML and KYC
Due to provisions in the recently enacted CARES Act, financial services organizations are facing an unprecedented influx of loan applications and the need to expedite Know-Your-Customer (KYC) operations and procedures, which are often manual and time consuming.
Avaloq and ACTICO expand strategic partnership to prevent financial crime
- 4 years 8 months ago
- Banking, AML and KYC
Avaloq, a global leader in innovative software solutions for banks and wealth managers, is expanding its existing partnership with ACTICO, a leading international provider of software for intelligent automation and digital decisioning. The two companies are integrating the ACTICO Compliance Suite into Avaloq's software solutions for banks and wealth managers, making it easy for Avaloq's clients to use the new compliance offering as a... more
Coronavirus outbreak spells the end for ‘outdated’ paper-based ID checks – SmartSearch
- 4 years 8 months ago
- Platform Technology, AML and KYC
The spread of the coronavirus means firms relying on paper-based ID checks need to switch to electronic processes now to avoid a freeze on their business, according to anti-money-laundering experts SmartSearch. New restrictions on movement and the fear of contamination of documents have triggered a rush to adopt electronic verification (EV) as firms wake up to the effect of the virus. Relying on documents makes it impossible to comply with... more
Baanx partners with HooYu to strengthen KYC processes
- 4 years 9 months ago
- AML and KYC
Leading customer onboarding and KYC technology firm, HooYu, has been deployed by mobile crypto and fiat specialist Baanx. The HooYu Identify KYC journey has been selected to provide identity verification for the onboarding of new customers.
SIX Group selects Know Your Customer’s digital solutions to strengthen supplier due diligence
- 4 years 9 months ago
- RegTech, AML and KYC
SIX Group has selected award-winning RegTech provider Know Your Customer to strengthen its procurement process and better assess the risk associated with its international suppliers.
Asian Private Banker Names Fenergo as the Best KYC and Client Onboarding Solution of the Year
- 4 years 9 months ago
- Banking, AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announced it has been awarded “Best KYC and Client Onboarding Solution” by the Asian Private Banker Technology Awards. This accolade is testament to Fenergo’s powerful technology suite and ability to ensure compliance with regulations relating to KYC and customer onboarding for financial... more
Vanquis Bank partners with HooYu to digitalise KYC processes
- 4 years 11 months ago
- Security, AML and KYC
Leading customer onboarding and KYC technology firm, HooYu, has announced a partnership to digitalise Vanquis Bank’s KYC processes. The HooYu KYC journey has been selected to provide additional identity proofing during the customer lifecycle when customers perform a potentially high-risk action on their accounts.
Encompass Corporation 2019 AML penalty analysis: $8.14 billion of fines handed out globally
- 4 years 11 months ago
- AML and KYC
Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, has carried out an analysis of Anti-Money Laundering (AML) related penalties handed down between 1 January and 31 December 2019. Key observations:
