NetGuardians Publishes AML Transaction Monitoring White Paper to Drive Improvements in Money Laundering Detection at Banks
- 3 years 4 months ago
- AML and KYC
Many of the Anti Money Laundering (AML) systems within banks are no longer fit for purpose according to a white paper published by NetGuardians, the Swiss anti-financial crime FinTech. Machine learning-based solutions for AML can monitor the ever-growing number of instant payment transactions far more effectively.
70% of Compliance Professionals Fear Escalating Menace of Cryptocurrency-enabled Money Laundering
- 3 years 4 months ago
- Compliance
Recent data uncovered by First AML has shed light on the growing threat of cryptocurrency-related money laundering. The survey, which gathered responses from 250 UK business leaders and individuals working in compliance, found that 70% of individuals working in compliance are worried about the growing threat of money laundering via cryptocurrencies in business.
NICE Actimize Launches New AI-Based AML Transaction Monitoring Innovation With Multilayered Analytics to Better Detect Suspicious Activity
- 3 years 4 months ago
- AML and KYC
NICE Actimize, a NICE business, today announced the launch of its breakthrough Suspicious Activity Monitoring (SAM-10) solution.
Kyckr and Blacksmith KYC Partner to Enable Plug-and-play Client Onboarding
- 3 years 4 months ago
- AML and KYC
Kyckr, the corporate Know-Your-Customer company and Blacksmith KYC, the RegTech venture of ING Bank, have partnered by giving Blacksmith’s clients access to Kyckr's real-time data retrieval and registry connections - simplifying onboarding and review processes that would otherwise take months.
SmartSearch adds TransUnion to Complete Credit Bureau Trident
- 3 years 4 months ago
- AML and KYC
SmartSearch has further strengthened the market-leading reliability of its digital anti-money laundering solution by adding global information and insights company, TransUnion, to its identity-check partners. SmartSearch now offers a “triple-bureau” electronic verification and digital compliance platform using global data partners Experian, Equifax, and now TransUnion, to give regulated firms the industry’s most reliable match and pass rate.
Majority of Financial Services Firms Report Increased Compliance Expenditure – Survey Finds
- 3 years 4 months ago
- Compliance
The majority (76%) of financial services firms have increased compliance expenditure over the past year, according to the Annual Compliance Health Check Report from SteelEye, the firm behind the first and only truly integrated surveillance solution.
Veriff Launches Know Your Customer (KYC) Education Center
- 3 years 4 months ago
- AML and KYC
Veriff, a global identity verification provider, today announced its new Know Your Customer (KYC) Education Center. Offering a comprehensive library of KYC articles and guides, the hub acts as an essential resource for businesses looking to remain compliant with quickly evolving Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
Regula Redesigns Its Biometric Verification: The Fast, Versatile, and Fraud-Proof Solution
- 3 years 4 months ago
- Compliance
In the age of sophisticated identity fraud, including fraud enabled by artificial intelligence (AI), it’s of paramount importance to establish a comprehensive and highly diverse verification process to enable as many identity checks as possible.
Sumsub Releases Transaction Monitoring Guide to Advise Businesses on Fighting Fraud and Staying Compliant
- 3 years 4 months ago
- Compliance
Sumsub, a global tech company that provides customizable KYC, KYB and AML solutions for the whole user journey, today published its Complete Guide to Transaction Monitoring to provide a detailed picture of transaction monitoring as an integral part of the verification system.
iDenfy’s New Partnership with Fincapital Partners: Increased Security Through KYC/AML Tools
- 3 years 5 months ago
- AML and KYC
iDenfy, a Lithuania-based RegTech offering ID verification and fraud prevention tools, announced joining forces with Fincapital Partners, a fintech offering a suite of tools from trading and crypto exchanges to banking services. From now on, iDenfy will provide a smooth onboarding process for the financial business while ensuring KYC/AML compliance.
Encompass Named Founding Member of Data and Technology for Compliance Alliance
- 3 years 5 months ago
- Compliance
Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has been named as a founding member of the Data and Technology for Compliance (DT4C) Alliance, formed to provide a leading voice in the fight against financial crime.
Encompass Unveils pKYC Maturity Model to Set Benchmark for Regulatory Compliance
- 3 years 5 months ago
- AML and KYC
Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has unveiled its perpetual Know Your Customer (pKYC) maturity model, setting a new benchmark for regulatory compliance to support the fight against financial crime
Wolters Kluwer Compliance Solutions Shares Insights in Response to Silicon Valley Bank and Signature Bank Collapse
- 3 years 5 months ago
- Compliance
In the wake of the recent collapse of Silicon Valley Bank (SVB) and Signature Bank—and subsequent banking industry developments in the U.S. and elsewhere—markets and the public should be reassured by the response of federal regulators to cover depositors and to help maintain confidence and stability in the resilient U.S.
SmartSearch Gets Smarter with Enhanced Next-generation Platform
- 3 years 5 months ago
- Compliance
SmartSearch, a leading digital compliance provider, gets smarter today with the launch of a next-generation platform with enhanced functionalities driven by the latest technology and customer feedback. Based on the latest, future-proof technology, the platform includes a seamless new interface as well as a host of features and a level of configurability never before available.
Sumsub Releases Travel Rule Guide to Help Crypto Businesses Solve the Compliance Puzzle
- 3 years 5 months ago
- Compliance
Sumsub, a global tech company that provides customizable KYC, KYB, AML and transaction monitoring solutions, published its Complete Guide to the Crypto Travel Rule today.
