Success of AML and KYC processes depends on ability to properly manage resources and capacity, says ActiveOps
- 6 years 2 months ago
- Fraud Detection, AML and KYC
For many businesses – especially those operating in the financial services sector – anti-money laundering (AML) and know your customer (KYC) processes are crucial in ensuring that companies are maintaining regulatory compliance and monitoring for suspicious activity. To stay on top of AML and KYC requirements, organisations must ensure they have the ability to adequately plan and manage resource and capacity, so that staff efficiency and impact... more
encompass and Bisnode partner to strengthen data coverage in the Nordic region for enhanced KYC
- 6 years 2 months ago
- AML and KYC, Data
encompass corporation, a fast-growing global provider of intelligently automated Know Your Customer (KYC) solutions, today announces a strategic partnership with Bisnode, Europe’s leading provider of data and analytics, to enable it to deliver state-of-the-art information and customer onboarding services to financial institutions in the Nordic region.
FICO Awarded Five New Patents for Fraud, AI and Decision Science
- 6 years 2 months ago
- Fraud Detection, AML and KYC
Silicon Valley analytic software firm FICO has been awarded five new patents related to fraud, artificial intelligence (AI) and advanced analytics. In total, FICO currently holds 192 US and foreign patents, and 93 pending patent applications.
Arachnys Receives Top Accolades From Chartis Research
- 6 years 3 months ago
- AML and KYC, Risk Management
Arachnys, the leader in Customer Risk Intelligence solutions for Know Your Customer (KYC), Anti Money Laundering (AML) and Customer/Enterprise Due Diligence (CDD/EDD), today announced it has ranked 65th in the Chartis RiskTech100® in its first year submitting an application. The RiskTech100®, now in its 13th year, is the leading evaluation of the world's top 100 providers in risk and compliance markets.
Arachnys Unveils Customer Risk Intelligence Suite Transforming the Intersection of Entity Data and Investigative Intelligence
- 6 years 4 months ago
- Artificial Intelligence, AML and KYC, Risk Management
Arachnys, the leader in Customer Risk Intelligence (CRI) solutions for Client Onboarding, Know Your Customer (KYC), Customer Due Diligence & Enhanced Due Diligence (CDD/EDD) and Anti Money Laundering (AML), today announced the launch of their CRI cloud-native platform.
APPx Group Holdings, Inc. selects encompass corporation to bolster AML and CTF practices
- 6 years 4 months ago
- Artificial Intelligence, AML and KYC
encompass corporation (“encompass”), a fast-growing global provider of intelligently automated Know Your Customer (KYC) solutions, is pleased to announce that it has been selected by APPx Group Holdings, Inc. (“APPx”) (CSE:APPX), a Canada-based Fintech incubator and leader in diversified Blockchain 2.0 development, to support and enhance its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) processes in line with regulatory... more
How to use biometric identification to better KYC
- 6 years 4 months ago
- AML and KYC
Anti-Money Laundering (AML) and terrorism prevention are key questions in modern finance. Most such policies are determined on a governmental or even international level. A company’s failure to comply with AML regulations may result in hefty fines and loss of credibility. In order to prevent such incidents the banks form their customer relationship policies based on Know Your Customer (KYC) principles. KYC is based on client personal data... more
Cynopsis Solutions continues international expansion with the opening of EMEA office in London
- 6 years 4 months ago
- Security, AML and KYC
Automated Know Your Customer (KYC) solutions provider, Cynopsis Solutions, today announces that it is launching its Europe, Middle East and Africa (EMEA) operations from new offices in London.
Société Générale goes live with Finastra’s Fusion Risk solutions
- 6 years 5 months ago
- Fraud Detection, AML and KYC, Risk Management
Société Générale, one of the leading financial services groups in Europe, has deployed Finastra’s Fusion Risk Asset and Liability Management (ALM) and Fund Transfer Pricing (FTP) solutions. The move has enabled the bank to streamline multiple solutions across the group, simplifying its infrastructure so that it can comply more efficiently with regulations including the Interest Rate Risk in the Banking Book, and also reduce costs.
Jumio and Engage Technology Partners Join Forces to Automate Right to Work Verification
- 6 years 5 months ago
- AML and KYC, Authentication Technology
Jumio, the creator of Netverify® Trusted Identity as a Service (TIaaS), today announced a partnership with Engage Technology Partners Ltd., to integrate Jumio’s online identity verification technologies into Engage’s cloud-based recruitment solutions, designed to help end-hirers, agencies, payrolls and workers navigate and simplify the recruitment process.
Australia hotbed for cybercrime; new report shows identity spoofing as most prevalent attack vector in the ANZ region - LexisNexis Risk Solutions
- 6 years 5 months ago
- Security, Fraud Detection, AML and KYC, Security, Authentication Technology, Risk Management
LexisNexis® Risk Solutions today at Sibos, the world’s premiere financial services event, released its cybercrime insights report for Australia and New Zealand (ANZ). The report was created using statistics of actual cybercrime attacks originating to and from the ANZ region, during April to June 2018. These results are the most current available. The ThreatMetrix® Digital Identity Network® (“The Network”) detected the attacks during realtime... more
Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
- 6 years 6 months ago
- AML and KYC
Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, has released data detailing the global fines activity of regional and in-country regulators over the past 10 years. A staggering $26 billion in fines has been imposed for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC) and sanctions regulations in the last decade.
NICE Actimize Transforms Indonesia’s Bank Central Asia Anti-Money Laundering Compliance Operations
- 6 years 6 months ago
- Security, AML and KYC
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Indonesia’s PT Bank Central Asia Tbk (BCA) to transform its anti-money laundering compliance and case management operations.
Banks turn to technology innovation, as global regulation continues to increase KYC complexity for 75 percent of compliance and correspondent banking professionals
- 6 years 6 months ago
- Banking, Compliance, AML and KYC
The annual Accuity Financial Counterparty KYC Survey has revealed that 75 percent of senior compliance and correspondent banking professionals have encountered added complexity in interpreting and adhering to local legislation.
NICE Actimize Chosen by Thailand’s Bank of Ayudhya to Manage Anti-Money Laundering Compliance with Intelligent Automation
- 6 years 6 months ago
- AML and KYC
NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in Autonomous Financial Crime Management, has been chosen by Bank of Ayudhya/Krungsri, Thailand’s fifth largest financial institution, to transform its anti-money laundering compliance and case management platform.
