Tag: KYC

RegTech firm PassFort and identity verification company Trulioo have partnered to offer regulated businesses a way to digitally transform their KYC and KYB processes.

Founded in 2015, Know Your Customer provides digital onboarding solutions to financial institutions and regulated organisations globally. The company builds its KYC platform as an interconnected set of web apps, APIs, databases and pre-trained machine learning models – and is helping to change the game in digital corporate onboarding.

Neofy, a digital financial cloud provider, will improve its KYC, AML and identity capabilities through a partnership with IDmission, a biometric security and authentication software solution.

Muinmos was founded back in 2012 after Remonda Kirketerp-Møllersaw a big gap in the market for making client onboarding simpler and more efficient in financial services. With a rapidly growing global client base of banks, investment firms and asset managers, the company is emerging as a major player in key global markets.

Identity verification and authentication platform Incode has earned its horn after a $220m funding round brings its valuation to $1.25bn.

Australian RegTech firm Arctic Intelligence has entered into strategic alliance with FrankieOne to strengthen financial crime synergies between the two.

A recent whitepaper by client data management firm iMeta has underlined three vital pillars of the customer experience journey in financial services.

RegTech company PassFort has partnered with financial market data firm Refinitiv to establish a digital know-your-customer (KYC) solution for challenger institutions.

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.