Onboarding Verification

Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $1.25m for deficiencies in its background checks.

Based on client requests, KYC Portal has integrated its platform with the data provisioning services of Acuris Risk Intelligence. The integration is automated using the APIs available by both tools. By using the API of KYC Portal to push and pull data requests from the API of Acuris Risk Intelligence, it allows for further automation in the process flows of KYCP.

Electronic Identification has released 22 new use cases exploring how biometrics can improve customer experiences.

ContractPodAi, a contract lifecycle management software company, has collected $55m in its Series B round.

Icertis, a contract management platform, has raised $115m in its Series E round which has valued the company at over one billion dollars.

FactSet, a provider of software and data solutions to investment firms, has released a new cloud-based KYC solution.

Lloyds Banking Group has improved its digital identification and authentication capabilities through new partnership with Callsign.

Jumio has deployed its digital identity services to Brazilian investment bank BTG Pactual to automate onboarding processes.

Six Nordic banks have come together in a new joint venture, establishing a new KYC company.

Deutsche Bank Wealth Management has selected software builder Finantix to help enhance its client onboarding and KYC processes.