Tag: KYC

The total number of digital identity apps in use will exceed 4.1 billion globally by 2027, nearly doubling from 2.3 billion in 2023. 

Customer risk assessments are a vital part of AML and KYC processes. Flagright, an all-in-one AML compliance system, has outlined the best practices of an assessment process.

For those in the business of fighting financial crime, 2022 was a hectic and challenging year, with the war in Ukraine and new challenging KYC trends being key threats.

While ensuring strong KYC practices for companies has been a cornerstone of industry for many years now, the arrival of pKYC is changing the game. What is the difference between the two?

Goji, which offers investors with access to alternative investments, has partnered with Apex Group to enable clients to manage all stages of the investor lifecycle.

Digital images and selfies have been a staple for online verification for many years. However, Electronic IDentification has warned that they are no longer KYC/AML compliant.

The majority of organisations see the digital sophistication of their KYC approach as mediocre or poor, according to new research from Moody’s Analytics.

Digital ID verification company OCR Labs Global has partnered with Synectics Solutions, the creator of the digital identity verification solution SynID.

As more firms look to implement new digital authentication technologies, there are a few options to pick from. Electronic IDentification has released a report exploring biometrics and e-signing as standards.

Sigma Ratings, a developer of automated relationship risk management, has released its ongoing KYB and KYC monitoring solution.