New enhancements in AML screening profiles within KYC Portal
As part of its continuous efforts to enhance data orchestration within Know Your Customer (KYC) parameters, KYC Portal is launching a new feature designed to provide increased flexibility in the integration with third-party data sources.
Understanding and combating the rising menace of chargeback fraud
Chargeback fraud, an ever-present issue affecting businesses of all kinds and sizes, results in losses totalling to billions annually. The surge in eCommerce has...
Mitigating financial crime: A closer look at adverse media screening
Adverse media screening has become an integral component in the finance industry, especially in relation to Anti-Money Laundering (AML) compliance. RegTech company Alessa recently delved into why financial institutions should care about adverse media screening.
Shaping the Future of UK Financial Services: 2023 Annual Review Insights
The City of London Corporation, in collaboration with HM Treasury, has recently unveiled the 2023 edition of the State of the Sector: annual review...
Navigating the ESG landscape: Are financial institutions ready?
The world of Environmental, Social, and Governance (ESG) compliance is becoming increasingly intricate and crucial for financial institutions (FIs). Amid this rapidly changing landscape, where sustainability and responsible investing have taken centre stage, FIs find themselves under mounting pressure to navigate these challenges effectively.
Harnessing KYC technology: Reducing costs and increasing efficiency in financial institutions
In the ongoing global efforts against money laundering, the task of comprehending customer identities has proven to be a crucial element in Know Your...
Navigating the AML compliance journey: When is it time to hire an AML Officer?
Today, the growing complexity of financial operations coupled with an ever-evolving regulatory landscape has magnified the importance of AML compliance in businesses. Especially in...
Layer-1 blockchain firm Shardeum nets $5.4m in strategic funding
Shardeum, a "highly-scalable EVM-based layer-1 blockchain deploying dynamic state sharding," has successfully closed a $5.4m strategic investment round.
China finalises Ant Group’s regulatory overhaul with hefty fine
The Chinese authorities levied a hefty fine of $984m on Ant Group for breaching consumer protection and corporate governance laws, according to a report from Reuters.
1Kosmos BlockID debuts in NayaOne’s FinTech Marketplace
1Kosmos, an innovator in unifying identity proofing and passwordless authentication, today announces the launch of its distributed identity cloud service, BlockID, on NayaOne, a principal FinTech ecosystem platform serving financial service providers.
