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.
Utilising AI in the Shift Towards Perpetual KYC
The FinTech landscape is increasingly gravitating towards perpetual know your customer (KYC) protocols. As part of this evolution, the operational pillars are rapidly transforming. Graham Bailey, COO of Quantifind, and Brian Kindle, VP of product development at ACFCS, shed light on this shifting terrain in a new podcast on the foundational elements of perpetual KYC.
From BBC Sport Scotland to Encompass: Cheri Burns takes on new role
Encompass Corporation, recognised as the leading provider of dynamic Know Your Customer (KYC) process automation, recently named Cheri Burns as PR & Corporate Communications Director. Her new role will be central to steering media relations for the firm.
Streamlining AML and CRA processes: Loomis FX’s success with KYC Portal
Organisations worldwide are increasingly seeking ways to optimise their customer risk assessment (CRA) and anti-money laundering (AML) risk management strategies. Implementing effective CRA and AML procedures plays a crucial role in providing an accurate analysis of the potential risks that new clients might pose.
Perpetual KYC (pKYC) in US banking: The evolution of customer due diligence
The traditional Know Your Customer (KYC) approach harbours certain limitations. Customers escalating to high risk can potentially fly under the radar, risking a bank's reputation and burdening its resources and internal controls.
Mastering compliance: An insight into the power of orchestration tools
As businesses deepen their digital capabilities, an orchestration tool becomes vital. When leveraging various tools, systems and datasets, firms need a single location that brings all this together, rather than forcing users to juggle everything.
