Know Your Business - All News And Posts By Crowdfund Insider

AI-Powered Business Verification Service Vespia Highlights Importance of Verification for Non-AML Firms

May 25, 2023 @ 3:32 pm By Omar Faridi |

Vespia, an AI-powered Business Verification Service for verifying and onboarding business customers that helps minimize the risk of fraud, has highlighted the significance of business verification for non-AML obligated firms, like supply chain, digital commerce, as well as the sharing economy. Vespia explains that by… Read More

Read more in: Artificial Intelligence, Regtech & Legaltech | Tagged ai, aml, artificial intelligence, business verification, business verification service, crowdfunding, Customer Experience, cx, digital commerce, digital onboarding, digital technology, digital transformation, digitalization, e-commerce, fraud, fraudulent activities, know your business, kyb, nfts, sharing economy, supply chains, vespia

Deloitte Integrates KILT Identity Blockchain, Creating Markets with Reusable Digital Credentials

May 7, 2023 @ 3:07 pm By Omar Faridi |

BOTLabs GmbH, developer of KILT Protocol, and Deloitte Consulting AG announced the integration of KILT blockchain technology for issuing reusable digital credentials to support KYC and KYB processes. These credentials “have multiple use cases including regulatory compliance for banking and Decentralized Finance (DeFi), age verification… Read More

Read more in: Blockchain & Digital Assets, Regtech & Legaltech | Tagged botlabs, botlabs gmbh, deloitte, deloitte consulting, digital credentials, distributed ledger technology, dlt, integration, kilt, KILT blockchain adoption, kilt protocol, know your business, kyb, kyc

Regtech Sumsub Shares Transaction Monitoring Guidelines to Help Firms Combat Fraud, Remain Compliant

April 13, 2023 @ 1:56 am By Omar Faridi |

Sumsub, a global tech company that provides customizable KYC, KYB and AML solutions for the whole user journey, published its Complete Guide to Transaction Monitoring “to provide a detailed picture of transaction monitoring as an integral part of the verification system.” The guide was “prepared… Read More

Read more in: Regtech & Legaltech | Tagged aml, best practices, complete guide to transaction monitoring, guidelines, know your business, kyb, kyc, regtech, sumsub, tech firm, transaction monitoring, update, verification, vyacheslav zholudev

Identity Decisioning Platform Alloy, Kyckr to Enhance KYB Checks for Global Businesses

March 22, 2023 @ 10:30 pm By Omar Faridi |

Alloy, the Identity Decisioning Platform for banks and fintech companies, today announced its partnership with Kyckr, a corporate KYC company providing businesses with real-time data on prospective and existing customers and suppliers. The partnership “gives Alloy’s 350+ clients — including Carta, Ramp, and Brex —… Read More

Read more in: Regtech & Legaltech | Tagged alloy, banking, data, edwina johnson, fintech adoption, fintech trends, ian henderson, identity decisioning platform, know your business, know your customer, kyb, kyc, kyckr, real-time data

Standard Chartered Joins Chekk’s Financing Round to Support Growth of KYC Firm

August 25, 2022 @ 10:10 am By Omar Faridi |

Standard Chartered announced that it has invested funds in Hong Kong-based KYC, KYB and data management platform with the aim of “accelerating the company’s product development and boosting its sales organization – both to meet the increasing demand of the global identity verification market for… Read More

Read more in: Fintech, Regtech & Legaltech | Tagged alex manson, data management, digital identity, hong kong, id verification, identity verification, know your business, kyc, pascal nizri, product development, sc ventures, standard chartered

OneBanx Selects Know Your Business Solution from PassFort

August 23, 2022 @ 10:47 pm By Omar Faridi |

PassFort, A Moody’s Analytics Company that provides a SaaS Regtech platform that automates anti-financial crime and compliance processes, announced that OneBanx the shared banking innovator, “has chosen to use PassFort’s Know Your Business (KYB) workflow solution to create a seamless onboarding experience for business customers.”… Read More

Read more in: Regtech & Legaltech | Tagged anti-financial crime, automation, banking, compliance, customer onboarding, digital onboarding, duncan cockburn, financial crime, financial services, know your business, onebanx, regtech, regulatory technology, saas, shared banking, software as a service, user experience, ux