Onboarding Verification

The Covid-19 pandemic has accelerated most companies’ digitalisation plans, but one of the standout solutions might have been e-signatures.

Solutions for onboarding and due diligence handle very sensitive and critical data on subjects. Before implementing a tool, a firm needs to be confident the data will be held safely.

A recent blogpost by MyDocSafe has detailed how the onboarding process within wealth management is impacting the client experience through its complexity.

Clarifai, which helps firms improve customer experiences and onboarding, has collected $60m in its Series C round, which was led by New Enterprise Associates.

Theta Lake has bolstered its partnership with communications firm RingCentral to include global service provider and cross-industry vertical security and compliance features.

The Financial Conduct Authority (FCA) has issued new guidance to businesses operating remote or hybrid working models.

The European Parliament has voted for a resolution that calls for the ban of AI-powered biometric mass surveillance technologies such as facial recognition across the continent.

A huge challenge for companies and consumers alike during the pandemic was the inability for business matters to be conducted in-person. As countries globally entered lockdowns, the possibility for wet signatures – a signature commonly done with pen and paper – become almost impossible.

Founded in 2014, RegTech firm Clausematch markets an automated policy management and regulatory change management platform to help financial institutions amongst other regulated organizations digitize their policies and procedures. As organizations look to simplify their regulatory processes, does digitization represent the future of compliance?

A recent webinar by Alessa by Tier 1 Financial Solutions has examined what constitutes a politically exposed person (PEP) and why relationships with certain PEPs may offer increased financial crime threats.