Tagged: aml

November 26, 2021 @ 8:12 am By Omar Faridi  |  

Archax, which claims to be the only UK Financial Conduct Authority (FCA) regulated digital securities platform, broker and custodian, has chosen Scila Surveillance and Scila AML for the effective monitoring of its markets, offered by the Stockholm-headquartered independent surveillance, risk and anti-money laundering tech provider,… Read More

November 20, 2021 @ 2:33 pm By Omar Faridi  |  

GB Group plc (AIM:GBG), which claims to be an expert in digital location, identity and identity fraud software, has announced that it reached an agreement to acquire Acuant, an identity verification and KYC/AML compliance provider, for a cash-free, “debt-free” enterprise value of $736 million. The… Read More

November 15, 2021 @ 10:32 pm By Omar Faridi  |  

The Central Bank of the UAE (CBUAE) and Bank Indonesia (the Central Bank of the Republic of Indonesia) have reportedly entered a Memorandum of Understanding (MoU) in order to expand mutual co-operation. The bilateral MoU will be including three key areas, focusing on digital innovation… Read More

November 13, 2021 @ 6:59 pm By Omar Faridi  |  

Featurespace, the provider of Enterprise Crime Prevention software, has reportedly appointed Todd Raque as its leading anti-money laundering (AML) and financial crimes expert for the Americas. As mentioned in the announcement, Raque brings almost 30 years of professional experience and extensive industry knowledge in financial… Read More

November 8, 2021 @ 9:17 pm By Omar Faridi  |  

Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority (HKMA), recently noted during opening remarks at the AML Regtech Lab (AMLab) that it’s a great pleasure to welcome people to the very first AML Regtech Lab, or AMLab, which the HKMA is hosting… Read More

November 6, 2021 @ 12:12 pm By Omar Faridi  |  

FTX US, a US-regulated crypto exchange, announced it has implemented a comprehensive suite of anti-financial crime compliance and risk management tools created by TRM Labs, a blockchain intelligence provider. FTX US, the US division of FTX, has reportedly integrated TRM’s Transaction Monitoring and Forensics tools… Read More

November 2, 2021 @ 11:21 pm By Omar Faridi  |  

The team at IHS Markit notes that Investor Onboarding digitizes and “streamlines collection and creation of subscription, AML, KYC and tax documents for end-to-end fund onboarding.” IHS Markit has introduced Investor Onboarding, which is described as a fully hosted, digital onboarding platform enabling companies to… Read More

October 26, 2021 @ 2:05 pm By Omar Faridi  |  

Anti-money laundering specialist SmartSearch is planning to hire 20 new staff members before the end of 2021. The Regtech firm says that it’s onboarding new talent so that they can support their business growth. There are many roles currently available. They range from graduate and… Read More

October 26, 2021 @ 8:38 am By Omar Faridi  |  

Jumio, the provider of AI-enhanced identity verification, eKYC, and AML solutions, announced the launch of a no-code orchestration layer for its KYX Platform that “unifies an entire set of risk and fraud detection capabilities to address identity proofing, compliance verifications, and AML use cases.” As… Read More

October 19, 2021 @ 10:09 pm By Omar Faridi  |  

Jumio, the provider of AI-enhanced end-to-end identity verification, eKYC and AML solutions, announced another solid quarter, with new business growing over 130% in Q3 2021 from Q3 2020. As mentioned in a release shared with CI, this growth coves the globe and several different industries,… Read More

October 2, 2021 @ 9:16 am By Tony Zerucha  |  

UK-based money app Ziglu this week its £1 million crowdfund oversubscribed in 81 minutes, beating its previous record of three hours. The campaign was launched on Seedrs, an equity crowdfunding platform. Ziglu is raising equity capital at a pre-money valuation of £85 million. Ziglu’s previous… Read More

September 30, 2021 @ 3:42 pm By Tony Zerucha  |  

Elliptic, a provider of blockchain analytics and crypto compliance solutions, today announced an agreement with US-based financial infrastructure provider Prime Trust, which aims to help fintech innovators launch quickly and scale securely in today’s digital economy. Prime Trust, which recently announced the close of a… Read More

September 30, 2021 @ 10:16 am By Tony Zerucha  |  

ComplyAdvantage, a global data technology company with a unique approach to financial crime detection, today announced that Hampshire Trust Bank (HTB),  a specialist bank focused on lending to UK businesses, has selected the company’s award-winning anti-money laundering (AML) suite of solutions including Customer Screening and… Read More

September 23, 2021 @ 7:56 am By Omar Faridi  |  

Spicehaus says they are pleased to confirm the 10th investment of the Spicehaus Swiss Venture Fund. Fidentity offers automatic online identification of customers (KYC). The software can automatically match a live image or “selfie” with “the corresponding identification document.” Unlike other solutions in the market,… Read More

September 13, 2021 @ 6:19 pm By JD Alois  |  

Making certain a person or business is actually who or what they claim to be is very important. In a world that has migrated to virtual offices and digital meetings, the task of validation is an even greater necessity. AsiaVerify is a Regtech firm based… Read More

September 7, 2021 @ 8:07 pm By Omar Faridi  |  

Beginning August 31, 2021, Uppsala Security‘s AML, regulatory compliance and investigation product suite will be supporting Binance Smart Chain (BSC), according to a blog post dated September 2, 2021. Uppsala Security, a provider of security tools and services for crypto AML/CTF, transaction risk management, regulatory… Read More

September 5, 2021 @ 5:24 pm By Omar Faridi  |  

There has been a special focus on anti-money laundering (AML) in the industry during August 2021, with accelerations in the use of artificial intelligence for AML, as well as certain updates made to regulatory guidelines, according to a report from Banking Circle. Payments specialist Banking… Read More

August 28, 2021 @ 11:51 am By Omar Faridi  |  

On Friday (August 27, 2021), the team at Sygnum banking platform celebrated their anniversary as a “regulated Swiss bank.” As mentioned in an update from Sygnum Bank: “Two years since we received our banking and securities dealer license, we now have significantly more than CHF… Read More

August 26, 2021 @ 9:19 pm By Tony Zerucha  |  

KYC-AML regulatory technology provider Netki is partnering with blockchain technology provider Polymath to bring blockchain-specific identity verification to Polymesh, a permissioned blockchain purpose-built by Polymath for security tokens. The collaboration will help protect against fraudulent account creation while ensuring the onboarding process to the chain… Read More

August 23, 2021 @ 8:20 am By Omar Faridi  |  

UK-based anti-money laundering (AML) specialist SmartSearch has introduced a new service in order to address the problem of “dirty” cash being cleaned across the globe via various activities like acquiring property. Organized criminal organizations and fraudsters are responsible for around $2 trillion a year in… Read More