Goldman Sachs’s Credit Card Division Under Investigation by CFPB
- 2 years 10 months ago
- Compliance
Goldman Sachs’ credit cards unit is undergoing investigation by the Consumer Financial Protection Bureau (CFPB). According to a securities filing on Thursday, the Wall Street giant was a subject of examination by the CFPB for possible charges of fraud relating to the company's management issues in processing refunds, errors with consumer accounts, and reporting back to the bureau, and advertising.
smartKYC Launches smartLISTS - a Better Way for Financial Crime Teams to Manage and Screen Against Their Internal Watchlist Data
- 2 years 10 months ago
- AML and KYC
Financial crime teams have long struggled with seamlessly integrating their internal watchlist data into their due diligence work. Data is captured from different sources, such as financial intelligence units, and is often held in disparate databases or unmanageable spreadsheets. And while banks wish to screen these lists as a single, unified source, they still expect them to be appropriately segregated.
Lerex Technology Partners with ID-Pal to Streamline AML Compliance and Enhance Onboarding Process in New Markets
- 2 years 10 months ago
- AML and KYC
ID-Pal, the identity verification provider, has been appointed by Lerex Technology, the payment solution provider, to help with its growing identity verification, e-verification, Anti-Money Laundering (AML) and Know your Customer (KYC) requirements. The partnership will see ID-Pal support Lerex Technology with AML compliance and the onboarding of new customers seamlessly across multiple European markets.
Sumsub Releases a KYC Guide for the Trading Industry
- 2 years 10 months ago
- AML and KYC
Sumsub, a tech company that helps businesses stay compliant and fight digital fraud, has recently published its: “KYC guide for trading industry: balancing compliance and pass rates”.
Research From Vertex Shows Tax Compliance Issues Hinder E-Commerce Growth
- 2 years 10 months ago
- Compliance
A fragile yet prosperous business economy has encouraged finance leaders to identify new opportunities for growth in 2022.
Ondato Partners with Creditinfo Malta to Enable More Informed, Faster Lending Decisions
- 2 years 10 months ago
- AML and KYC
Ondato, the leading tech company that streamlines KYC- and AML-related processes, and Creditinfo Malta, the only company recognized by the Maltese government for credit checks, have established a new partnership to further deepen their understanding of clients’ credit history.
Ondato Adds Automated Customer AML Risk Scoring to Onboarding Platform
- 2 years 10 months ago
- AML and KYC
Ondato, a technology company that streamlines KYC (Know Your Customer) and AML (Anti-Money Laundering) processes, today announces the launch of Ondato Risk Scoring, an automated tool for companies to identify and manage customer-associated risk better and faster during onboarding. The new tool reduces high acceptance and rejection error rates associated with manual AML customer risk assessment processes.
Sumsub Launches Identity Verification Solution on Salesforce AppExchange
- 2 years 11 months ago
- AML and KYC
Sumsub today announced it has launched its identity verification solution on Salesforce AppExchange, empowering customers to smoothly onboard and verify their global users. Founded in 2015, Sumsub provides an all-in-one technical and legal toolkit to cover KYC/KYB and AML needs. It offers a powerful platform for converting more customers, speeding up verification, reducing costs and fighting digital fraud.
FullCircl Launches HMRC Import & Export Data Extension to Further Boost FSI Due Diligence and Improve Support for Customers Trading Internationally
- 2 years 11 months ago
- AML and KYC
FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps B2B companies in financially regulated industries do better business faster, has launched its latest Premium Data Extension (PDE). The new HMRC Import and Export Data Pack allows users to understand which of their customers are trading internationally – critical for KYC, AML, and continuous due diligence monitoring, as well as identifying opportunities to support customers... more
Fenergo Launches ESG Offering to Support Mandatory Regulatory Requirements
- 2 years 11 months ago
- AML and KYC
Fenergo, the leading provider of digital solutions for Know Your Customer (KYC) and Client Lifecycle Management (CLM), has launched a new solution to enable financial institutions to reduce regulatory and reputational risk and streamline operations for ESG compliance.
Sumsub is the first Regulated Compliance-as-a-Service Provider
- 2 years 11 months ago
- Compliance
Sumsub, a tech company that offers an all-in-one technical and legal toolkit to cover KYC/KYB and AML needs, has become the first regulated Compliance-as-a-Service provider for global businesses. Now companies can delegate their compliance and verification-related issues to Sumsub and focus entirely on their core business goals.
Embedded Finance Startup Kernolab Partners with Ondato for KYC and Compliance Boost
- 2 years 11 months ago
- Compliance
Kernolab, the Vilnius-based fintech startup that focuses on helping businesses drive value through embedded finance solutions, is partnering with Ondato for all KYC compliance capabilities.
SEON Announces Partnership with Provenir to Help Customers Fight Fraud
- 2 years 11 months ago
- AML and KYC
Global fraud fighters, SEON is delighted to announce a new partnership with Provenir, a global leader in AI-powered risk decisioning software for the fintech industry. The exciting partnership will help organizations to build powerful new fraud prevention solutions.
Ondato Partners With Basketballverse, A Web3 P2E Basketball Metaverse, To Prevent Money-Laundering
- 2 years 12 months ago
- AML and KYC
Ondato, a leading Know Your Customer (KYC) and Anti-Money Laundering (AML) platform, has announced it will be providing remote identification services as part of a new partnership with Basketballverse, a Play-to-Earn (P2E) Web3 multiplayer basketball metaverse due to launch later in 2022.
Rabobank to Adopt Identitii’s Cloud-hosted SaaS Platform
- 2 years 12 months ago
- Compliance
Identitii Limited is pleased to announce it has signed a five-year SLA with the Australian arm of the Dutch-led multinational banking and financial services group, Rabobank. Rabobank Australia will use Identitii’s cloud-hosted reporting platform, to help further automate IFTI reporting to AUSTRAC. Commenting on the agreement, John Rayment, CEO of Identitii said:
