Striking a balance between compliance and customer experience during client onboarding
The onboarding process requires financial institutions comply with increasing global and regionally specific regulations while also delivering an enhanced customer experience. As a result, they must embrace modern technologies to streamline the KYC process and stay competitive.
OneSpan partners with BankID to improve fraud protection for Norwegian consumers
Digital banking transaction security developer OneSpan has deployed its technology into BankID to help improve customer experiences.
Background check platform Veremark extends seed round by $2.8m
Veremark, which conducts pre-employment background checks, has reportedly raised $2.8m in an extension to its seed round.
Invidem launches KYC services in the Nordics
Invidem has launched its platform, which collects and verifies KYC information for corporate customers, in the Nordics.
ModusBox, DocFox team up to improve onboarding
Open banking solution developer ModusBox has teamed up with SaaS-based automated onboarding tool DocFox to help banks and credit unions improve data access.
The deal...
Identity verification platform Journey.Ai receives strategic investment
Digital trusted identity platform Journey.Ai has received a strategic investment from Avaya Holdings.
Sikoia collects $2.3m to support launch of platform later this year
Sikoia, a unified data platform for financial services, has collected $2.3m in its pre-seed funding round, ahead of its launch later this year.
Nearly $1bn was issued in AML, KYC and data privacy fines during H1 2021
A total of $937.7m has been issued in fines for non-compliance with anti-money laundering, know your customer and data privacy regulations, in H1 2021.
Celo teams up with FinClusive to implement KYC/AML tools to its digital wallet
Open source blockchain ecosystem Celo has teamed up with FinClusive, which provides accounts and payment solutions with embedded AML tools.
Socure releases industry first tools for its KYC solution
RegTech unicorn Socure has released new technology that extend the capabilities of its KYC solution, including a number of industry firsts.