Tag: KYC

The UK Government is diving headfirst into a comprehensive review of all regulators within its jurisdiction. Their goal? To eliminate unnecessary bureaucratic obstacles, making the most of the liberties afforded post-Brexit.

Know Your Customer processes have been a long-standing aspect of the onboarding process - but are automated KYC processes coming?

The world of global finance comes with its share of dangers. From the looming shadows of money laundering to the menace of terrorist financing,...

In a recent whitepaper by RegTech firm Encompass Corporation, the company outlined what could be a smarter approach for KYC for businesses. 

Encompass Corporation, a provider of a KYC process automation platform, has recently been celebrated for its achievements at the Sibos 2023 event.

Know Your Customer has joined forces with the Hong Kong Monetary Authority (HKMA) and its Commercial Data Interchange (CDI).

KYC practices have been long used in the financial sector. However, with fraud and financial crime more prevalent than ever, is perpetual KYC the evident next step?

Financial institutions often fall prey to money launderers who exploit these platforms to funnel, mask, transfer, and cleanse ill-gotten gains. This doesn’t just endanger...

In today's evolving global financial landscape, the security and integrity of financial transactions are of utmost importance. At the heart of this security lie...

Correspondent banking plays a pivotal role in shaping the global financial landscape. Serving as the backbone of international trade, especially for budding and developing economies, it offers a platform for banks to provide services on behalf of other financial institutions, typically situated in diverse countries. This extends to executing transactions, overseeing wire transfers, and collecting crucial documents.