Tag: KYC

A recent whitepaper by KYC and AML software providers Themis and Encompass Corporation has found financial services’ companies worldwide lost over £1m due to financial crime deficiencies last year.

As customers expect an increasingly digital service, banks are faced with the challenge of safely onboarding new clients remotely. That is where IDmission’s digital identity verification tools come in.

As the regulatory landscape continues to grow in complexity, firms are consistently having to upscale their compliance teams to cope.

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

A blogpost by KYC Portal has detailed how an ongoing know-your-customer (KYC) approach can help firms reduce their risk exposure to hours instead of weeks or months.

To ensure financial institutions understand the risks of doing businesses around the world, having a due diligence and adverse media screening tool that understands Portuguese is vital.

PassFort, which automates financial crime and compliance processes, has closed its Series A round on $16.2m.

Singapore-based ADVANCE.AI, which develops digital identity verification tools, is reportedly looking to raise $200m in funding.

Veremark, which conducts pre-employment background checks, has reportedly raised $2.8m in an extension to its seed round.

Invidem has launched its platform, which collects and verifies KYC information for corporate customers, in the Nordics.