VNX Exchange Partners With Sumsub to Provide State-of-the-Art Compliance Experience
- 5 years 1 month ago
- AML and KYC
Luxembourg-based VNX Exchange is joining forces with Sumsub, a scalable solution for KYC/AML regulatory compliance, to stay in line with growing jurisdictional demands and ensure compliance of its platform.
Goldman Sachs to Put the Brakes on Marcus Expansion in UK
- 5 years 1 month ago
- Compliance, Regulatory Standards
Goldman Sachs is planning to slow down the growth of its online retail banking brand Marcus in the UK. This is to avoid surpassing $25 billion in deposits which would require the US bank to ring-fence its retail banking intake from riskier investment activity, the Sunday Telegraph has reported. Goldman Sachs is understood be around halfway to this figure at present.
Fenergo Digital KYC Transforms Compliance in Fight Against Financial Crime
- 5 years 2 months ago
- AML and KYC
Fenergo, the leading provider of digital Client Lifecycle Management solutions (CLM) for financial institutions, today announces the product enhancement, Digital KYC, a real-time Know Your Customer (KYC) solution for financial institutions seeking to automate and perpetuate KYC compliance reviews. The rules-driven Digital KYC solution delivers a risk-based approach to ongoing KYC to increase operational efficiency, lower the cost of compliance,... more
Safened rebrands successful KYC activities as Fourthline
- 5 years 3 months ago
- Digital Identity, AML and KYC
The Know Your Customer (KYC) activities of the Dutch fintech start-up Safened are experiencing such growth that they will be rebranded as Fourthline. In the past year and a half, the company has performed digital identity checks on millions of customers for banks and fintechs like N26, Wirecard and Allianz. Experienced executives are now joining the company to lead Fourthline through the next phase of growth. Exceptional growth in “the next $20... more
Encompass Corporation survey reveals customer outreach is top challenge for onboarding professionals
- 5 years 3 months ago
- AML and KYC
Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out a survey questioning onboarding and compliance professionals about the challenges they come up against in their day-to-day roles.
FICO and Visma Connect Launch Partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe
- 5 years 3 months ago
- Payments, AML and KYC
Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.
FICO and Visma Connect Launch Partnership to Offer SaaS Anti Financial Crime Solutions in Western-Europe
- 5 years 3 months ago
- Data Protection, Fraud Detection, Compliance, AML and KYC
Visma Connect, the leading Dutch critical payments services provider and FICO have launched a partnership to jointly deliver FICO’s best-in-class Anti-Financial Crime solutions for Know Your Customer (KYC), anti-money laundering (AML) and real-time sanctions screening to banks, FinTechs, payment institutions, PSD2 third-party providers and corporations.
Accuity Data Reveals Increased Complexity of Sanctions Compliance and Implications for Global Trade
- 5 years 3 months ago
- Payments, AML and KYC
Accuity, the leading global provider of financial crime screening, payments and know your customer (KYC) solutions, has revealed new research into the current sanctions landscape that demonstrates a significant increase in complexity for organisations involved in global trade. At the same time, the stakes have never been higher; almost $1.3 billion worth of fines have already been issued by OFAC for breaches to U.S. Sanctions in 2019 – more than... more
IHS Markit Named Best in Class for Client Onboarding and KYC by Aite Group
- 5 years 3 months ago
- AML and KYC
IHS Marki, a world leader in critical information, analytics and solutions, today announced that its client onboarding, entity data management and know your customer (KYC) services achieved the highest, “Best in Class” ranking in a new report on client lifecycle management by Aite Group.
Arachnys and FICO Partner to Aid Financial Organisations in Managing Corporate KYC Requirements and Accelerating Compliance Processes
- 5 years 3 months ago
- Fraud Detection, Compliance, Risk Management
FICO, a leading analytics software firm and provider of financial crime compliance solutions, today announced a partnership with Arachnys, a leader in risk investigation solutions for client onboarding, Know Your Customer (KYC), customer due diligence & enhanced due diligence (CDD/EDD), and anti-money laundering (AML).
Trulioo Announces $70M in Funding
- 5 years 3 months ago
- AML and KYC
Trulioo , a Vancouver-based global identity verification provider, has raised a total of C$70 million in new funding, including $60 million in Series C financing led by Goldman Sachs Growth Equity, with participation from Citi Ventures, Santander InnoVentures and existing investor American Express Ventures, and $10 million in unannounced follow-on funding from early investors Blumberg Capital and BDC Capital from last year.
Encompass Corporation AML penalty analysis
- 5 years 3 months ago
- AML and KYC
Encompass Corporation, a fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, recently carried out an analysis of Anti-Money Laundering (AML) related penalties handed down between 1 May and 31 August 2019. Key observations from the analysis are as follows:
Zenus Bank Accelerates Transition to the Cloud with NICE Actimize Anti-Money Laundering and Fraud Essentials
- 5 years 4 months ago
- Cloud, Fraud Detection, Compliance, AML and KYC
Leading the industry with solutions protecting challenger banks and digital financial services offerings, NICE Actimize, a NICE (Nasdaq: NICE) business and the leader in autonomous financial crime management, was selected by Zenus Bank, San Juan, Puerto Rico, to establish a cloud-focused financial crime strategy for both anti-money laundering compliance and enterprise fraud protections with its
UK Banks Lead in Race to Merge Fraud, Financial Crime Operations
- 5 years 4 months ago
- Data Protection, Fraud Detection, Compliance
A new independent survey by research firm Ovum on behalf of global analytic software firm FICO has found that most banks plan to integrate their fraud and financial crime compliance systems and activities, in response to new criminal threats and punishing fines. Responses show that UK banks are more advanced in their progress and ambitions than most countries surveyed.
VERMEG appoints Paul Thomas to lead its UK operation as it looks to capitalise on a new phase of growth
- 5 years 4 months ago
- Compliance
VERMEG, the software services specialist, which provides core technology for managing compliance, regulatory requirements and digital transformation across the banking, wealth management and insurance sectors, has appointed Paul Thomas as UK General Manager. Paul joins with more than 20 years’ experience in the FinTech and RegTech industry having worked at organisations such as Misys, ION Trading and most recently AxiomSL.
