ThetaRay and Millennium EBS Forge Strategic Partnership to Revolutionize Compliance Solutions for Financial Institutions
- 1 year 6 months ago
- Compliance
ThetaRay, a leading provider of AI-powered transaction monitoring technology and Millennium EBS, a global leader in payment hub solutions, announced today a strategic partnership to provide an end-to-end, user-friendly and advanced compliance solution for the payments in the banking industry.
Complacency on Compliance is a Costly Mistake for Regulated Firms, Warns AML Expert
- 1 year 6 months ago
- Compliance
Regulated firms must heed the warning - complacency on compliance is a dangerous path that wastes valuable time and money, according to a leading digital compliance expert. The future lies with digital compliance solutions that offer a robust framework to support anti-money laundering (AML). Firms that continue to rely on manual processes are not only putting themselves at risk but also hindering their ability to stay ahead in the fight against... more
Sumsub Introduces a Full-cycle Verification Platform, Stirring the Borders of KYC, KYB, AML, and Anti-fraud
- 1 year 6 months ago
- AML and KYC
Today, Sumsub transforms from a world-leading KYC provider to the future-proof platform providing full-cycle verification for the whole user journey. With an eye on the dynamic changes impacting the global verification industry, Sumsub shifts its focus to deliver new golden standards of verification.
iDenfy Helps Build a Robust KYC/AML Program for P100
- 1 year 7 months ago
- AML and KYC
iDenfy, full-stack identity verification and compliance solutions hub, announced partnering with P100, an innovative cryptocurrency and financial service platform where users can buy, sell, deposit, and swap different digital currencies instantly. iDenfy’s ID verification and screening services will ensure compliance and help P100 maintain a seamless, user-friendly experience.
76% of Businesses Believe Compliance Processes Could Be Improved Despite Increased Investment
- 1 year 7 months ago
- Compliance
A new survey conducted by First AML has revealed that the majority of business leaders believe that their company's anti-money laundering (AML) procedures can be improved. The survey, which gathered responses from 250 UK business leaders, found that 76% of respondents think that there is room for improvement in their company's AML compliance.
Fenergo Launches KYC & Transaction Compliance for Fintechs, Optimizing Operational Efficiencies and Regulatory Compliance
- 1 year 7 months ago
- AML and KYC
Fenergo, the leading provider of digital know-your-customer (KYC) and client lifecycle management (CLM) solutions, has today launched KYC & Transaction Compliance, a new offering for fintechs that combines its KYC and transaction monitoring solutions and enables continuous monitoring of the customer profile.
Trulioo Announces Breakthrough Capabilities That Expand and Automate KYB and KYC Verification in Its Integrated Identity Platform
- 1 year 7 months ago
- AML and KYC
Trulioo, a leading global identity verification platform, today released new capabilities that cement its position as the premier source for automated business and person verification workflows.
Facctum Launches Innovative Real-time Ready Payments Screening Technology for More Effective Financial Crime Compliance
- 1 year 7 months ago
- Compliance
Facctum announces today the release of a new payments screening technology, FacctShield™, to coincide with its début at Money 20/20 Europe, the continent’s largest event focused on payments innovation. As the global payments community gathers in Amsterdam to discuss the future of money, Facctum shows a new approach to deploying cutting-edge technology to address the challenges of financial crime risk.
Tuum and Fourthline Partner to Deliver KYC and AML-compliant Core-banking Solution to Europe’s Banks, Easing Cross-border Expansion and Tech Innovation
- 1 year 7 months ago
- AML and KYC
Tuum and Fourthline have partnered to offer European financial institutions a secure and agile core banking solution that incorporates world-leading end-to-end customer onboarding and monitoring in compliance with KYC (Know Your Customer) and AML (anti-money laundering) regulations. Now, providers can quickly and easily roll-out into new markets, unrestrained by regulatory and technological restrictions.
When Hiring Internationally, 57% of U.S. Businesses Fear Regulatory and Compliance Issues & 50% are Worried about Currency Fluctuation
- 1 year 7 months ago
- Compliance
Solar Staff, a fintech company that connects businesses with freelancers in over 190 countries, surveyed U.S.-based businesses to identify the main trends and the most pressing issues they face when working with independent international contractors.
Sylq Selects ThetaRay AI to Automate AML Transaction Monitoring and Customer Screening
- 1 year 7 months ago
- AML and KYC
Sylq, the French e-payments leader, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced a new collaboration to implement high-performance AI transaction monitoring and automated customer screening to support company growth.
Digital Verification and Anti-Money Laundering Tool Downloaded by 1M+ Users
- 1 year 7 months ago
- AML and KYC
Thirdfort, a client-risk management platform combining Know Your Client (KYC), Anti-Money Laundering (AML) and Source-of-Funds (SoF) verification, has been downloaded by more than one million users since its launch 4 years ago, or around 2.5% of all adult smartphone users in the UK.* The fast-growing app has seen notable growth in demand, fuelled by fears of fraud and money laundering, alongside Government efforts to encourage the use of digital... more
Murex Survey Shows that, As Asia Pacific Banks Ready for FRTB Compliance, Many Aim for IMA Approach
- 1 year 7 months ago
- Compliance
Asia Pacific financial institutions believe that fundamental review of the trading book (FRTB) rules will increase capital requirements significantly, regardless of risk calculation model used, according to a wide-ranging Murex survey of bank readiness ahead of critical upcoming changes. However, half of these banks plan to pursue the more risk-sensitive, sophisticated model of compliance—the value-at-risk-based internal model approach, or IMA.
Sumsub Successfully Completes SOC 3 Examination
- 1 year 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) 3 audit.
