The Federal Reserve Board Fined Green Dot $44 Million for Unfair Practices and Poor Consumer Compliance Management
- 1 year 3 months ago
- Compliance
The Federal Reserve Board on Friday took action to address consumer compliance breakdowns by Green Dot, fining the firm $44 million for numerous unfair and deceptive practices and a deficient consumer compliance risk management program.
iDenfy Launches a New AI-Powered Utility Bill Verification Tool
- 1 year 3 months ago
- AML and KYC
iDenfy, a Lithuania-based identity verification and fraud prevention software provider, has launched its new automated utility bill verification solution. This innovative tool is designed to enhance the efficiency and accuracy of the proof of address (PoA) process, as well as provide businesses with a powerful tool to ensure anti-money laundering (AML) and Know Your Customer (KYC) compliance.
Wolters Kluwer Launches CCH Tagetik Tax Provision & Reporting Solution
- 1 year 3 months ago
- Tax Authorities
Wolters Kluwer, a global leader in information, software, and services for professionals, today announced that it has launched CCH® Tagetik Tax Provision & Reporting. This new solution supports companies that are seeking to streamline group tax provision and accounting processes by integrating and bridging the gap between financial and tax reporting.
Complexity Crisis: New Detected Study Reveals KYB Needs a Tech Upgrade
- 1 year 3 months ago
- AML and KYC
Detected, a fintech reinventing how companies think about business onboarding, has released a new study highlighting the key challenges and future trends in the Know Your Business (KYB) sector. The findings reveal that the most common problem with KYB is the complexity of the process and AI and automation are set to transform business operations by 2027.
Singapore Publishes Updated Money Laundering National Risk Assessment
- 1 year 4 months ago
- AML and KYC
Singapore published today its updated Money Laundering (ML) National Risk Assessment (NRA), as part of Singapore’s continuing efforts to maintain the effectiveness of its anti-money laundering (AML) regime amidst the evolving risk landscape.
iDenfy Releases Its New Risk Assessment Tool and Completes Its KYC/KYB/AML Compliance Package
- 1 year 4 months ago
- AML and KYC
iDenfy, a Lithuania-based identity verification and fraud prevention software provider, announced the launch of its new AI-powered customer risk assessment solution. This new easy-to-use platform feature is specifically designed to empower businesses with a comprehensive, automated, and customizable approach to risk management for both Know Your Customer (KYC) and Know Your Business (KYB) compliance.
Sumsub Revamps Business Verification, Making It the Only Six-in-One KYB Solution on the Market
- 1 year 4 months ago
- AML and KYC
Today, Sumsub, a global full-cycle verification provider, revamped its Business Verification solution with expanded coverage and data sources to improve data quality and enhance user experience.
Ledgible Pioneers Digital Assets Tax Information Reporting For First of its Kind Tokenized Money Fund
- 1 year 4 months ago
- Tax Authorities
Ledgible, the leading professional-first digital asset software platform for tax information reporting & compliance for digital assets, today announced their groundbreaking tax information reporting compliance operations.
Smartsearch to Provide Real-time Global Identity Verification With International Individual Check Solution
- 1 year 4 months ago
- AML and KYC
SmartSearch,, the UK’s leading provider of digital compliance and anti-money laundering (AML) solutions, today announces the launch of its International Individual Check solution. The innovative solution enables SmartSearch customers to perform identity verification checks for individuals residing internationally in more than 40 countries, using extensive data coverage from more than 200 global sources.
Napier AI and Salt Bank Partner to Secure NextGen Banking in Romania
- 1 year 5 months ago
- AML and KYC
Napier AI, the London-based financial crime compliance RegTech, is pleased to its solution as the anti-money laundering (AML) platform for Salt Bank, the first Romanian neobank with the fastest growing in Southeastern Europe.
GLEIF Confirms BNP Paribas as Latest Validation Agent in the Global LEI System
- 1 year 5 months ago
- AML and KYC
The Global Legal Entity Identifier Foundation (GLEIF) today announces that BNP Paribas has become the latest global financial institution to be approved as a Validation Agent in the Global LEI System.
Ushur Introduces Digital Engagement for KYC and Paperless Enrollment
- 1 year 5 months ago
- AML and KYC
Ushur, the leader in AI-powered Customer Experience Automation (CXA), has launched its self-service solution for financial institutions to automate Know Your Customer (KYC) and paperless enrollment processes.
PSR Seeks Views on its Proposed Approach to Supervision
- 1 year 5 months ago
- Compliance
The Payment Systems Regulator (PSR) has published a call for views on its proposed approach to supervision, having established a Supervision and Compliance Monitoring division last year.
Signicat Introduces InstantKYC and InstantKYB for Comprehensive and Compliant Onboarding
- 1 year 6 months ago
- AML and KYC
Signicat, the leading platform of digital identity solutions in Europe, announces the launch of its new products InstantKYC and InstantKYB.
Ozone API and Thistle Initiatives To Help Banks Get Ahead of PSD3
- 1 year 6 months ago
- Compliance
Today, Ozone API, the global open banking leader, and Thistle Initiatives, the award-winning compliance consultancy, announce a strategic partnership to help financial institutions get ahead of impending Third Payment Services Directive (PSD3) and quickly achieve open banking compliance.
