AML specialist SmartSearch chalks up continued growth in face of coronavirus outbreak
- 5 years 10 months ago
- AML and KYC
Specialist anti-money-laundering (AML) firm SmartSearch is continuing its impressive growth, despite the outbreak of Covid-19. It now has more than 4,500 clients across the financial and professional services sectors.
Citi's digital channels play a pivotal role in client contingency situations
- 5 years 10 months ago
- Banking, Security, Compliance
Citi’s Treasury and Trade Solutions (TTS) has expanded the reach of the CitiDirect BE® Digital Onboarding platform, making it available in 37 countries and five languages. Additionally, usage across all client-facing digital channels has dramatically grown over the first quarter of 2020, as clients switch to continuity-of-business (COB) modes, with remote work during the pandemic.
Featurespace raises £30 million to drive growth
- 5 years 10 months ago
- Fraud Detection, AML and KYC
Featurespace, the leading provider of Adaptive Behavioral Analytics software for Enterprise Financial Crime prevention, has raised £30 million ($37.4 million) from a funding round led by Merian Chrysalis Investment Company Limited. The round also included further funding from a number of existing investors. The funding will be used to support Featurespace’s continued growth.
Know Your Customer is the driving force behind CSLB-Asia's KYC compliance in corporate services
- 5 years 10 months ago
- AML and KYC, Consultancy
CSLB-Asia, providers of family office, corporate secretarial and commercial business consultancy services, have announced their collaboration with award-winning RegTech company Know Your Customer across the APAC region.
Evalueserve Partners With Encompass to Provide Modular Automation in KYC
- 5 years 10 months ago
- AML and KYC
Evalueserve, a global leader in analytics consulting, today announced a partnership with Encompass, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions. This partnership will augment Evalueserve’s KYC services with automated data discovery and process automation, which makes the overall onboarding and remediation process more efficient for banks, especially with the post-COVID challenges.
New SmartSearch Facial Recognition Feature Gives Added Peace of Mind
- 5 years 10 months ago
- Covid-19, AML and KYC
SmartSearch has added a new facial recognition feature to its award-winning digital anti-money-laundering (AML) platform, providing additional peace of mind to clients requiring visual confirmation of customer ID. Due to the restrictions on travel currently in place in response to the Covid-19 outbreak, prospective new customers are unable to present ID documents and proof of address in person.
Global financial crime-fighting body backs digital onboarding call
- 5 years 11 months ago
- AML and KYC, Financial
The Financial Action Task Force (FATF), the multinational body charged with setting the global approach to fighting money laundering and terrorist financing, has backed a call by leading Regtech firm SmartSearch for businesses to employ digital customer onboarding processes.
Fenergo Launches Remote Account Opening Solution to Accelerate Small Business Emergency Loan Approvals
- 5 years 11 months ago
- Open Banking, Fraud Detection, Compliance, AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announces the launch of its digital cloud-based Remote Account Opening solution, ahead of schedule, in order to assist US small businesses in accessing PPP emergency loans.
NICE Actimize Provides Financial Services Organizations a Quick and Effective Response to the CARES Act with the Introduction of KYC Xpress
- 5 years 11 months ago
- AML and KYC
Due to provisions in the recently enacted CARES Act, financial services organizations are facing an unprecedented influx of loan applications and the need to expedite Know-Your-Customer (KYC) operations and procedures, which are often manual and time consuming.
Avaloq and ACTICO expand strategic partnership to prevent financial crime
- 5 years 11 months ago
- Banking, AML and KYC
Avaloq, a global leader in innovative software solutions for banks and wealth managers, is expanding its existing partnership with ACTICO, a leading international provider of software for intelligent automation and digital decisioning. The two companies are integrating the ACTICO Compliance Suite into Avaloq's software solutions for banks and wealth managers, making it easy for Avaloq's clients to use the new compliance offering as a... more
Acumennet ready to support LIBOR discontinuation with new modules
- 5 years 11 months ago
- Wealth Management, Compliance
Profile Software, an international financial solutions provider announced today, that Login’s Acumennet Treasury Management platform already accommodates the orderly transition away from LIBOR that is about to affect Treasury departments by 2021. Through continuous investments in designing innovative solutions, Profile and Login have been proactive to accommodate the upcoming change by enriching Acumennet with the functionality necessary for... more
Coronavirus Pandemic, Store Closures, Shift Consumer Buying Behaviour Leading To Accelerated Digital Transformation For Merchants
- 5 years 11 months ago
- E-Commerce, Fraud Detection, Compliance
Forter, the leader in e-commerce fraud prevention, today announced the release of the Forter Special Report on the Impact of Coronavirus on Consumer and Fraudster Behaviour.
Pannovate Partners with Salt Edge to Deliver Instant PSD2 Compliance
- 5 years 11 months ago
- Payments, Banking, Compliance
Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer authentication solutions to help organisations launch competitive PSD2 compliant banking and payments programmes in the UK and throughout Europe.
1 in 3 Micro-businesses Risk Breaking Tax Rules by Failing to Separate their Personal and Business Bank Accounts
- 5 years 11 months ago
- Banking, Tax Authorities
A survey carried out by 3Gem for Amaiz, the new banking app, has revealed that just over 30% of micro-businesses don’t have a separate business bank account. These businesses risk muddling business and personal expenditure and breaking tax rules. The survey also found that 44% of micro-businesses are usually spending at least 3 hours a week on admin, with one in five spending around a day a week on getting the books in order.
Coronavirus outbreak spells the end for ‘outdated’ paper-based ID checks – SmartSearch
- 5 years 12 months ago
- Platform Technology, AML and KYC
The spread of the coronavirus means firms relying on paper-based ID checks need to switch to electronic processes now to avoid a freeze on their business, according to anti-money-laundering experts SmartSearch. New restrictions on movement and the fear of contamination of documents have triggered a rush to adopt electronic verification (EV) as firms wake up to the effect of the virus. Relying on documents makes it impossible to comply with... more
