AI is the Most Effective Method for Tackling Money Laundering Threats, According to AML Professionals
- 2 years 6 months ago
- AML and KYC
AI is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals, research from Feedzai, a leading provider of financial crime and risk management solutions.
iDenfy Ensures KYC Compliance for Alphawin with AI-powered Age Verification
- 2 years 6 months ago
- Compliance
iDenfy, a global RegTech startup offering identity verification and fraud prevention solutions, announced a new partnership with Alphawin, a Bulgaria-based casino and sportsbook operator offering first-class online gaming experience. iDenfy will help onboard new gamers by checking their identities while allowing age-appropriate users to access the iGaming platform’s services.
Sumsub Launches ‘The Sumsuber’ to Share Industry News and Expertise
- 2 years 6 months ago
- AML and KYC
Sumsub, a full-cycle verification platform securing the whole user journey, announces the launch of its expert news site, called The Sumsuber. This platform focuses on four main topics: verification, anti-fraud measures, regulatory compliance, and product updates. The diverse range of content provides valuable insights to compliance experts, risk managers, product and AI technology professionals.
ACA Launches Best Execution Solution to Address Global Regulatory Requirements
- 2 years 6 months ago
- Compliance
We’re excited to announce the launch of our new Best Execution solution, designed to help investment managers worldwide address regulatory requirements while reducing cost of ownership. The solution streamlines and automates the process for gathering quantitative and qualitative data needed to support clients’ best execution analysis and reporting.
iDenfy Partners with Payout to Create a Fraud-proof KYC Experience
- 2 years 6 months ago
- AML and KYC
iDenfy, a global identity verification, fraud prevention, and compliance tool platform, announced joining forces with Payout, a Slovakia-based financial company, providing innovative automated payment workflow solutions.
0xKYC Partners with Onfido to Provide Fraud Protection Protocols on Blockchain and in the Metaverse
- 2 years 6 months ago
- AML and KYC
Onfido, the global leader in automated digital identity verification, today announced that they have partnered with 0xKYC, an innovative startup bringing zero-knowledge proof identity solutions to Decentralized Autonomous Organizations (DAOs).
European Commission to Make Use of Moody’s Analytics to Modernise Anti-fraud Activity
- 2 years 6 months ago
- Compliance
Moody’s Analytics today announced it has been awarded a new Framework Contract (FWC) by European Anti-Fraud Office (OLAF), to provide company data, information on connected individuals, and risk indicators encompassed in Moody’s Analytics’ Orbis database. The evaluation committee scored the Orbis database 87 out of 100 for the quality of its data and risk indicators.
AML RightSource Continues to Advance AI Innovation in AML Compliance Services and Solutions
- 2 years 6 months ago
- AML and KYC
AML RightSource, the leading provider of Anti-Money Laundering (AML), Know Your Customer (KYC), and Bank Secrecy Act (BSA) compliance solutions, has furthered its application of AI and Natural Language Processing (NLP) to allow AML practitioners to reduce time spent on labor intensive, low-value tasks and increase their ability to focus on risks that truly warrant attention.
iDenfy Partners with Umazi to Facilitate Expansion Through Customized KYC and KYB Solutions
- 2 years 6 months ago
- AML and KYC
iDenfy, the Lithuania-based RegTech startup offering AI-powered identity verification and fraud prevention tools, announced partnering with Umazi, the UK-based global cross-industry due diligence platform for automating enterprise identity verification. With the implementation of iDenfy's KYC and KYB software, Umazi aims to elevate its due diligence processes to the highest standards possible within the SME market.
Onmeta Becomes the First Fiat On Ramp Solution in India to Register with FIU, Leading the Way in Regulatory Compliance
- 2 years 6 months ago
- Compliance
Onmeta, India’s leading fiat on-ramp & off-ramp solution provider, announced today, that it has become the first such solution in India to register with the Financial Intelligence Unit (FIU) of the Finance Ministry of the Government of India. In March this year, the Government of India brought digital assets under PMLA which included crypto businesses to register with the FIU and was widely perceived as a major step towards regulating the... more
ACA Group Enhances Surveillance Capabilities for Off-Channel Communications to Navigate Rising Regulatory Scrutiny
- 2 years 6 months ago
- Compliance
ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, has enhanced its ability to enable institutions to thoroughly capture mobile device traffic through a partnership with LeapXpert. The partnership delivers expanded enhancements to archival, workflow, and surveillance features across WhatsApp, iMessage, SMS, WeChat, Telegram, LINE, and Signal. The advanced mobile messaging communications capture... more
Kyckr Solves a $40M Problem for Financial Institutions
- 2 years 6 months ago
- Compliance
Kyckr, the corporate Know-Your-Customer company, has unveiled the latest iteration of its UBO (ultimate beneficial ownership) verification tool, which reduces the time it takes banks and financial institutions to verify new customers by up to 80%, and ultimately helps stop financial crime and money laundering.
Azentio Software’s AML Transaction Monitoring Recognised by Celent as a Noteworthy Solution
- 2 years 6 months ago
- AML and KYC
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners - offering a range of innovative software products - has been featured in Celent’s recently published Technical Capabilities Matrix, a part of the report, Financial Crime Compliance Technology: AML Transaction Monitoring Edition – 2023.
ION Recognized as Compliance and Cash Management Leader in Chartis Research’s BuySide50 Rankings
- 2 years 7 months ago
- Compliance
ION, the leading provider of mission-critical trading, risk management, and workflow automation software, has won two categories in Chartis Research’s annual BuySide50 2023 rankings. ION’s LatentZero topped the compliance and cash/treasury management categories. ION also rose nine positions in Chartis Research’s rankings from last year, breaking into the top 15.
Elliptic Partners With FOMO Pay For Digital Asset Compliance at Scale
- 2 years 7 months ago
- Compliance
Elliptic – the global leader in cryptoasset risk management – has announced a partnership with FOMO Pay, a leading payment institution headquartered in Singapore that aims to build a cohesive payment ecosystem in Asia with seamless interoperability between fiat and digital currencies. The new partnership will see FOMO Pay work with Elliptic to enhance its customer onboarding due diligence check process.
