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Navigating money laundering checks when buying a home in the UK
Buying a home is a significant milestone, but the process can be fraught with complexity—especially when it comes to anti-money laundering (AML) checks.
As...
Best practices for integrating AI into legacy financial systems
The financial industry is under growing pressure to modernise, particularly when it comes to fighting financial crime. In this context, artificial intelligence (AI) has become a powerful tool for improving anti-money laundering (AML) efforts and ensuring regulatory compliance. But for many institutions still running on legacy systems, implementing AI can feel like an uphill battle.
Why banks are ditching right-sizing in favour of AI-driven AML/KYC compliance
WorkFusion has teamed up with 1LoD to produce a comprehensive Financial Crime Benchmarking Survey & Report, offering fresh insight into how top global banks...
How digital wallets are transforming KYC and personal data control
As services across industries become increasingly digitised, the need for secure and streamlined methods of identity verification has intensified. Traditional methods such as physical...
Smarter onboarding: Reducing fraud, cost and friction with real-time verification
Effective onboarding has become a critical business function, serving not just as the first touchpoint for customers and vendors but as a reflection of a company’s values and operational maturity.
Capgemini launches perpetual KYC sandbox to transform compliance practices
Capgemini has launched a first-of-its-kind pKYC sandbox, aimed at helping financial institutions adopt a real-time, continuous compliance framework.
The new solution addresses the challenges associated...
From spreadsheets to smart compliance: The RegTech revolution in AML risk...
As regulatory demands intensify and financial crimes grow more complex, financial institutions and regulated businesses are under mounting pressure to modernise their risk assessment...
Verified identity platform Persona secures $200m to tackle AI fraud and...
Persona, a San Francisco-based verified identity platform, has raised $200m in a Series D funding round, valuing the company at $2bn.
Tax compliance in FinTech: Balancing user experience and regulatory requirements
Collecting accurate tax documentation—especially taxpayer identification numbers (TINs) via Forms W-8 or W-9—is one of the biggest compliance challenges financial institutions and digital platforms...
Feedzai acquires DemystData to unify AI-driven fraud prevention and data orchestration
Feedzai, a fraud and financial crime prevention company specialising in AI-powered solutions for financial institutions, has acquired DemystData, a provider of data integration and orchestration technology known for its Zonic platform.