IDnow Joins Consortium Aimed at Making Crypto Assets Compliant with New EU Regulations
- 2 years 3 months ago
- Digital Identity, Compliance
IDnow, a leading identity verification platform provider in Europe, joins a consortium of five partners including the IOTA Foundation, walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulati
Liberis Partners with Alloy to Accelerate International Expansion and Reduce Friction for Merchants.
- 2 years 3 months ago
- Compliance
Liberis, the leading global embedded finance platform, today announced a partnership with Alloy, the identity risk management company behind over 500 of the world's leading banks and fintechs.
Tookitaki Rebrands Its Platform to 'FinCense'
- 2 years 3 months ago
- Compliance
Tookitaki, a trusted leader in the financial crime space, announced the rebranding of its flagship Anti Money Laundering Suite (AMLS) to FinCense. This strategic move is aimed at better representing the enhanced capabilities of its compliance platform, which now seamlessly addresses both fraud and AML risks.
Emirates NBD Partners with Silent Eight to Automate Alert disposition and Enhance Compliance Efficiency
- 2 years 3 months ago
- Machine Learning, Compliance
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa, and Türkiye) region, announced a strategic partnership with Silent Eight, a technology company that offers an advanced AI and machine learning platform to identify and prevent financial crime.
Wolters Kluwer Introduces API-enabled Integration with SAP Document and Reporting Compliance
- 2 years 3 months ago
- Compliance
Wolters Kluwer today announced that multinational companies that use the SAP Document and Reporting Compliance solution can now manage their U.S. local and state indirect tax filing obligations within SAP S/4HANA.
StackGo Announces a New Partnership with iDenfy to Streamline Compliance for Regulated SMEs
- 2 years 3 months ago
- Compliance
iDenfy, a Lithuania-based RegTech company offering identity verification and fraud prevention solutions, announced a new partnership with StackGo, an Australia-based software development company best known for its SaaS solutions specializing in financial services, legal, real estate, and education sectors.
AMLYZE and Satchel Join Forces to Elevate Digital Banking Compliance
- 2 years 4 months ago
- Compliance
Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a top-tier regtech company specializing in anti-money laundering and financial fraud prevention.
Encompass Corporation Acquires CoorpID and Blacksmith KYC from ING to Develop Revolutionary Corporate Digital Identity Platform
- 2 years 4 months ago
- AML and KYC
Encompass Corporation, the global provider of real-time digital Know Your Customer (KYC) profiles, has acquired CoorpID and Blacksmith KYC from ING to develop a market-leading platform that solves the critical challenge of identification and verification of corporate and institutional clients. Transform KYC outreach with CoorpID
Global Financial Institution AML and Regulatory Fines Soar in 2023
- 2 years 4 months ago
- AML and KYC
Fenergo, the leading provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, today released its annual findings on global financial institution enforcement actions, which reveal that the value of penalties imposed on firms surged 57% in 2023.
Wolters Kluwer Launches Expert Solution to Aid Compliance with Corporate Transparency Act
- 2 years 4 months ago
- Compliance
Wolters Kluwer, the software solutions giant, has today announced the launch of an expert financial technology solution aimed at helping the nearly 33 million U.S. businesses impacted by the beneficial ownership reporting rule under the Corporate Transparency Act (CTA).
AMLYZE and TransactionLink Announce Strategic Partnership to Revolutionize AML/KYC Automation
- 2 years 4 months ago
- AML and KYC
AMLYZE, a leading RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, is excited to announce a strategic partnership with TransactionLink, the Berlin-based no-code platform, in a move that will transform the landscape of Anti-Money Laundering (AML) and Know Your Customer (KYC) automation. This collaboration will enable TransactionLink's clients to have most stages of their AML journey handled by... more
Hawk AI Welcomes OTTO Payments as a Customer of Scalable AML Compliance Software
- 2 years 5 months ago
- AML and KYC
Hawk AI, Germany’s leading provider of anti-money laundering surveillance technology for banks, payment firms, and fintechs, today announced OTTO Payments, the payments division serving the otto.de marketplace, as a client. With the partnership, OTTO Payments will make use of Hawk AI’s Transaction Monitoring and Customer Screening technology, powered by explainable AI, to ensure effective Anti-Money Laundering (AML) compliance.
Mistrust of Technology Exposing a Third of Regulated Firms to Money Laundering - SmartSearch Survey
- 2 years 5 months ago
- AML and KYC
More than a third (36 percent) of people in regulated firms who ‘can’t trust’ electronic ID verification and instead rely on manual checks are leaving their doors open to financial crime, anti-money laundering expert warns. This statistic - from SmartSearch’s 2023 annual survey of 500 compliance stakeholders - has doubled since their 2022 survey, when 18 percent of people said they couldn’t trust the technology.
One Year on from EU’s Proposed VAT in the Digital Age (ViDA) Reforms
- 2 years 5 months ago
- Tax Authorities
Today marks the one-year anniversary of the European Commission’s VAT in the Digital Age (ViDA). Set to be enforced between 2024 and 2028, these reforms respond to reports indicating a €93 billion loss in VAT revenues for European member states in 2020 and aim to enhance efficiency and combat fraud.
Tokenbridge to Use Blockchain Technology to Enhance KYC and ID Processes for Financial Services Data Business The Tracing Group
- 2 years 5 months ago
- AML and KYC
Tokenbridge, a B2B tokenisation platform streamlining the wealth and fund management ecosystem, today announced that it is working with financial client data firm, The Tracing Group (TTG), to implement blockchain technology to streamline Know Your Client (KYC), Anti-Money Laundering (AML) and client identification processes.
