KYC

Companies are facing increasing pressures to streamline customer-facing processes. The digital ecosystem emphasizes a world where people want things completed instantly and poor experiences mean switching to other providers. Chor Teh - financial crime compliance industry practice lead at Moody’s Analytics - has explored why customers should be at the front of onboarding processes.

The automatic verification of someone’s ID is undoubtedly the first building block in the onboarding process of a digital customer. However, what is needed in this process and what should you be looking for in a tool? 

Mobile identity platform Incognia has scored $15.5m in its Series A funding round, which was led by Point72 Ventures.

With the number of children using digital services increasing by the year, the need for greater online financial protections is increasing considerably.

In a world where financial crime and money laundering are becoming ever more common and widespread, the need to have strong – and regular – KYC checks has become imperative.

Mobile operators will generate $27bn from SMS messages related to multi-factor authentication in 2022, an increase from $25bn in 2021, according to a study from Juniper Research.

Lumos is a new compliance and identity management solution that has launched from stealth along with a $30m funding round.

As more firms adopt digital operations, the need for seamless and secure onboarding tools will become critical. A new podcast explores the role identity proofing has within financial services.

Identity proofing and AI technology developer IDmission has teamed up with TendedBar, an automated bar.

 KYC and client lifecycle management (CLM) solution developer Fenergo has acquired Sentinels, which builds AI-powered AML and transaction monitoring platform. The size of the acquisition...