°neo by Five Degrees and Fourthline Announce Collaboration to Fight Financial Crime in Digital Banking
- 3 years 7 months ago
- AML and KYC
Amsterdam-based Fourthline is one of the fastest-growing digital KYC providers and offers KYC-related services that complement the °neo lending and accounts engines. Integration will enable clients to do a quick and automated watchlist screening on existing customers against PEP and sanction lists. This will detect fraud and de-risk clients’ existing customer portfolio.
Napier Breaks Into Japanese Market Through New Partnership with Governance, Risk, and Compliance Firm, GRCS
- 3 years 7 months ago
- Compliance
Napier, the financial crime compliance specialist, has announced that its end-to-end financial crime risk management platform, Napier Continuum, is available to the Japanese market through a newly-minted partnership with Japanese firm GRCS.
European Banks are Failing to Plan for Future KYC and AML Risks, Says New Report by Ondato
- 3 years 7 months ago
- AML and KYC
European banks are spending most of their AML (Anti-Money Laundering) and KYC (Know Your Customer) budgets on manual processes that cannot scale to meet the costs and risks of increased compliance demands, according to a new report from Ondato, a technology company that streamlines AML and KYC processes.
iDenfy Partnered with SupplierPlus to Battle Fraud with AML Screening and Monitoring Services
- 3 years 7 months ago
- AML and KYC
The AI-based ID verification and fraud prevention startup, iDenfy, announced uniting with SupplierPlus, the fintech that helps simplify invoice financing between buyers, suppliers and banks. iDenfy’s AML Screening and Monitoring solution kit will automate compliance and ensure a smooth customer onboarding process for SupplierPlus.
SmartSearch Appoints New VP of Professional Services Sales
- 3 years 7 months ago
- AML and KYC
SmartSearch, the provider of the UK’s leading digital compliance solution for anti-money laundering (AML) has promoted Tom Dockerty to the position of vice president of professional services sales.
IboxPay Joins Forces with iDenfy to Ensure AML Compliance
- 3 years 7 months ago
- Compliance
iDenfy, full-stack ID verification, fraud prevention and compliance startup, partnered with IboxPay, a Poland-based fintech and cash-in payment solution provider that recently moved from Ukraine. The company integrated iDenfy’s AML solution pack to ensure compliance and prevent fraud.
Markor Technology Teams Up with Sumsub to Streamline Verification for iGaming Customers
- 3 years 7 months ago
- AML and KYC
Markor Technology has partnered with Sumsub to provide enhanced verification and fraud protection while ensuring full compliance.
The Clock is Ticking: ITRS Group Warns Firms Not to Delay in Complying with DORA, the EU’s Operational Resilience Requirements
- 3 years 7 months ago
- Compliance
The European Commission has voted to adopt the Digital Operational Resilience Act (DORA), in response to a spate of widespread system outages and cyber threats in the financial services sector, the regulation will bring all EU states into line when it comes to operational resilience.
Arion Bank and Lucinity Join Forces in the Fight Against Money Laundering
- 3 years 7 months ago
- AML and KYC
Arion Bank has announced it will implement Lucinity's technology to help strengthen its defences against money laundering and contribute to a safer financial system. Lucinity's software solution uses the latest artificial intelligence technology to detect money laundering and make it easier for financial companies to spot and resolve such issues more efficiently.
Sumsub Receives SOC 2 Type II Attestation
- 3 years 7 months ago
- AML and KYC
Sumsub, a global tech company offering customizable KYC, KYB, KYT, and AML solutions, today announced the successful completion of the System and Organisation Controls (SOC) 2 Type II audit.
Moody’s Analytics: Forward-thinking Compliance Teams View Perpetual KYC as the Future of Compliance
- 3 years 7 months ago
- Compliance
Compliance teams see perpetual KYC (pKYC) as the future of KYC according to a report by Moody’s Analytics, “Perpetual KYC: Transforming Risk and Compliance,” released today. The report sought to uncover the key challenges faced by implementers of KYC today and understand how organizations are transforming their approach to risk and compliance.
Transferra Partners with Sumsub to Provide Straightforward Customer Onboarding
- 3 years 7 months ago
- AML and KYC
Transferra has partnered with Sumsub to create an easy, safe and secure onboarding experience for their clients.
smartKYC Comes Out on Top in the KYC Solutions 2022 Market Quadrant Update and Vendor Landscape by Chartis
- 3 years 8 months ago
- AML and KYC
smartKYC, the world’s most advanced multilingual semantic search engine, has been recognized as one of the top category leaders across the 2022 Chartis KYC Solutions Market Update and Vendor Landscape report. smartKYC was rated ‘best in class’ for reporting and customer profile enrichment, recognising smartKYC’s industry-leading solutions in potential markets of customer satisfaction and growth strategy.
Money Mule And Crypto Schemes Now Top Money Laundering Threats, According to New Research from Feedzai
- 3 years 8 months ago
- AML and KYC
Money mule schemes, multi-customer cross-wallet activity and the use of crypto exchanges are the most common money laundering techniques, yet most firms are failing to make use of available technology to mitigate the threat, according to the latest research from
NetGuardians Launches Innovative AML Solution Using its Award-winning AI Risk Platform
- 3 years 8 months ago
- AML and KYC
Award-winning Swiss FinTech NetGuardians, renowned for its enterprise risk platform combating bank fraud, today announced the launch of its anti-money-laundering (AML) transaction monitoring solution. NetGuardians has now extended its NG|Screener platform and applied it to money-laundering transaction monitoring in a new solution that stands to transform the outdated AML approaches to bring effectiveness and efficiency to financial institutions...
