BITPoint LatAm boosts AML and KYC with IdentityMind partnership
BITPoint LatAm, a crypto to fiat exchange platform, has partnered with IdentityMind to support its AML and KYC processes in Latin America.
Specific exemptions in data sharing restrictions for AML would help combat occurrence rates
Data protection is great for society, but it can hinder a bank’s ability to detect and prevent money laundering, according to Markus Schulz, global head of Financial Crime Compliance Controls at Standard Charted Bank.
Whitepages Pro spins off its B2B identity verification business
Whitepages Pro, a digital identity verification data platform, is spinning off its B2B business to become Ekata.
Deutsche Bank reportedly found failings in its cheque screening processes
Deutsche Bank has reportedly found ‘serious failings’ within its payments screening and AML procedures.
Datactics receives £1.2m in funding led by Par Equity
Ireland-based Datactics, a compliance and data harmonisation solution for financial institutions, has received £1.2m in new funding.
Docupace partners with WalkMe to improve onboarding efficiency
Docupace, a front and back-office automation solution, has partnered with WalkMe to offer broker-dealers and advisors better tools to implement Docupace services.
Allied Wallet settles $110m charge from the US Federal Trade Commission
Payment processor Allied Wallet has settled the $110m charge against the company which had been filed by the US’ Federal Trade Commission (FTC).
Payroll and tax company Immedis collects €25m to support international expansion
Immedis, an enterprise solution developer for payroll and mobility tax services, has received a €25m strategic investment from Scottish Equity Partners.
Sequent, TIS selected to provide unnamed Japanese bank with secure payments
Sequent, a digital ID platform, and payment processor TIS have been chosen by an unnamed Japanese ‘megabank’ to supply secure mobile payments.
BanQu reportedly receives a Series A extension
BanQu, a blockchain-based identity platform designed for the unbanked, has reportedly secured an extension to its Series A.
