Capgemini Unveils Industry-First Perpetual KYC Sandbox for Real-Time Compliance
- 1 day 23 hours ago
- Compliance
Capgemini today announced the rollout of a technology sandbox that offers financial institutions a sound framework to migrate from legacy, static Know-Your-Customer (KYC) processes and labor-intensive periodic reviews towards perpetual KYC (pKYC) and event-based reviews. A first of its kind, Capgemini has collaborated with multiple technology partners to orchestrate the integration of this architecture.
Wells Fargo Confirms Termination of 2018 CFPB Compliance Consent Order
- 5 days 15 hours ago
- Compliance
Wells Fargo & Company today confirmed that the Consumer Financial Protection Bureau’s (CFPB) 2018 consent order related to the company’s compliance risk management program has terminated. This is the twelfth consent order closed by Wells Fargo’s regulators since 2019 and the sixth since the beginning of the year. Charlie Scharf, Wells Fargo’s CEO, said of today’s news:
Is Traditional Banking at Risk? 85% of Organizations Are Turning to Digital-First Alternatives Over Clunky KYC Processes
- 1 week 3 days ago
- AML and KYC
Corporate banks are grappling with a major client growth and retention challenge, a new survey from Encompass Corporation, a leader in Know Your Customer (KYC) automation and corporate digital identity, reveals. Frustrated by friction in traditional banking transactions, 85% of organisations are actively considering a move to digital-first banks in search of a more seamless onboarding experience.
PingPong Payments Partners With Trulioo for Global Business Verification
- 2 weeks 1 day ago
- AML and KYC
Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced its partnership with PingPong, a world-leading provider of cross-border embedded payment solutions. PingPong selected Trulioo Business Verification and Watchlist Screening to minimize manual onboarding and deliver rapid, compliant payment experiences worldwide.
BNY Mellon Enhances Compliance Monitoring With Behavox Quantum AI
- 2 weeks 2 days ago
- Compliance
Behavox, an AI insights company that transforms structured and unstructured corporate data into insights that safeguard and enhance businesses, today announced that BNY (NYSE: BK), a global financial services company, has successfully completed the implementation of Behavox Quantum.
Sharesight’s Automated Portfolio Tracker Saves Australian Tax Accountants Up to 90% of Their Time
- 3 weeks 1 day ago
- Tax Authorities
Sharesight has identified the drawbacks of Australian accountants relying primarily on manual processes when preparing tax returns for clients with complex investment portfolios. New research by the global fintech platform, which is based in Australia and New Zealand, uncovers how manual effort is costing accounting firms precious hours when dealing with disparate data sources such as CSV spreadsheets, app screenshots and PDF statements.
Financial Crime Prevention Enters a New Era With the Launch of AMLTRIX
- 3 weeks 1 day ago
- Compliance
Money laundering remains one of the biggest threats to the global economy, fueling organized crime, terrorism, corruption, and tax evasion. Despite ongoing efforts, financial institutions have long struggled with a fragmented and inconsistent approach to combating illicit financial activities.
First AML and Know Your Customer Announce Strategic Partnership to Tackle Global KYB Compliance Challenges
- 3 weeks 3 days ago
- AML and KYC
First AML, a leading provider of an all-in-one anti-money laundering (AML) platform, has announced a strategic partnership with Know Your Customer, a global leader in business verification solutions. The collaboration brings together two best-in-class technologies to further enhance Know Your Business (KYB), KYC and AML processes for financial institutions and other regulated businesses worldwide.
Nasdaq Verafin Report Finds That $750 Billion In Money Laundering And Illicit Funds Flowed Through Europe
- 1 month 4 days ago
- AML and KYC
Nasdaq Verafin has released its new report, Financial Crime Insights: Europe, that takes a deeper dive into the scale of financial crime across Europe. This report provides new analysis of the data from the 2024 Global Financial Crime Report, and industry insights from a survey of anti-financial crime professionals from across Europe, including the EU, UK, Nordic region and more.
Orbital Partners With Know Your Customer To Strengthen Compliance For Its Global Stablecoin And Traditional Payments Platform
- 1 month 1 week ago
- Compliance
Orbital, a leading global platform for stablecoin and traditional cross-border payments, has announced a strategic partnership with Know Your Customer, an award-winning provider of digital onboarding and KYB please automation solutions. This collaboration significantly enhances Orbital's compliance framework, streamlining client onboarding while reinforcing security, transparency, and efficiency in cross-border transactions.
AuditBoard And EY Expand Alliance To Transform Risk Management In UK And Ireland
- 1 month 1 week ago
- Compliance
AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, has agreed an alliance with Ernst & Young LLP (EY) which will offer customers in the UK local support to transform their risk management strategies. EY has also established a Centre of Excellence in the UK to deliver tailored consulting and integration services for AuditBoard customers.
Vanquis Banking Group Chooses FinScan To Help Optimize AML Processes And Strengthen Financial Crime Risk Management
- 1 month 1 week ago
- AML and KYC
FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, has signed UK-based Vanquis Banking Group plc, a leading FTSE All Share specialist bank, to further strengthen its AML processes and financial crime risk management.
Muinmos Announces Strategic Partnership With Africa Due Diligence
- 1 month 2 weeks ago
- AML and KYC
RegTech firm, Muinmos has formed a strategic partnership with Africa Due Diligence (ADD™) to enhance trust and compliance in the African financial sector and create growth opportunities in the region. As part of the collaboration, Muinmos has acquired an equity stake in Africa Due Diligence and is empowering it with its onboarding technology and KYC solution.
Tuum And Sumsub Partner To Strengthen Compliance And Fraud Prevention For Financial Institutions
- 1 month 2 weeks ago
- Compliance
Sumsub has announced it’s partnership with Tuum, a leading next-generation core banking provider. This collaboration empowers banks, fintechs, and financial institutions to streamline customer onboarding, meet evolving regulatory requirements, and enhance fraud prevention measures—while removing friction from the user experience.
