Tagged: know your customer

Dublin based Regtech Fenergo Introduces Financial Crime Risk SaaS Solution

Global Regtech Fintech

Fenergo, the provider of digital solutions for Know Your Customer (KYC) and client lifecycle management (CLM), recently announced the launch of FinCrime Risk. This application programming interface (API)-first software as a service (SaaS) solution will “allow financial institutions to centralize and automate risk assessment processes… Read More

Digital Asset Lending Report: KYC, Risk Management, Risk Pricing are Main Challenges to Growth

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  Cryptocurrency-based lending has emerged as an important trend in the decentralized finance (DeFi) market. However, it faces certain challenges relating to Know Your Customer (KYC) considerations, risk management and risk pricing. This, according to a report from Huobi, which noted that these challenges can… Read More

Encompass Corp., a Provider of Automated KYC Solutions, Acquires £25M in Funding

AML KYC

Encompass Corporation, the provider of “intelligently” automated Know Your Customer (KYC) solutions, recently confirmed the completion of a £25 million raise. Perennial Partners, an Australian investment management firm, reportedly served as the lead investor, and was joined by financial services focused principal investing company, Serendipity… Read More

CIMB Philippines Teams Up with Digital KYC Tech Provider Zoloz to Streamline Virtual Banking Services

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CIMB Philippines recently revealed that it has teamed up with Zoloz, an e-KYC tech provider, in order to enhance its virtual banking services. The banking institution will reportedly use Zoloz’s digital KYC solution for supporting secure and seamless customer onboarding as well as an improved… Read More

FinCEN Is Seeking Comments on Modernization of US AML/CFT Regulations

New and Improved 2

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury that collects and analyzes information about financial transactions to combat money laundering, terrorist financing, and other financial crimes, is issuing a request for information (RFI) “seeking comments on ways to… Read More

Verifff, an International ID Verification Service, Teams Up with SimpliFi, a Cards as a Service Platform

ID Identification

Veriff, an international ID verification provider, is teaming up with SimpliFi, a Cards as a Service (CaaS) platform for the MENA region and Pakistan, in order to protect SimpliFi clients from identity fraud within their “instant” card issuance programs. Through their partnership, Veriff will be… Read More

Encompass Corp, an Intelligently Automated KYC Service, Appoints Industry Veteran Howard Dilworth

Did You Know Question

Encompass Corporation, the provider of intelligently automated Know Your Customer (KYC) solutions, reveals that it has appointed industry professional Howard Dilworth as the firm’s Head of Sales for its North America business operations. As first reported by Finextra, Howard brings over two decades of financial… Read More

Banking Credit Info Provider CRIF Partners Regtech Know Your Customer

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Banking credit information provider CRIF reveals that it has entered an international commercial partnership with Regtech firm Know Your Customer – which is supported by a strategic investment into the company. An international firm headquartered in Bologna, Italy, CRIF focuses on offering credit bureau and… Read More

London based Napier, Provider of Anti Financial Crime Compliance Tools, to Offer Transaction Screening to ClearBank

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London-based Napier, a provider of anti-financial crime compliance solutions, has revealed that it will be offering ClearBank, the Cloud-powered clearing bank, with its Transaction Screening system. As a purpose-built, tech-enabled clearing bank, ClearBank provides Cloud-based banking services to financial service providers, FCA-regulated companies and Fintech… Read More

Regtech: Compliance Firm Uppsala Security to Create Virtual Asset AML Solution for South Korean Crypto Exchange

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Uppsala Security, a provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity, has revealed they’ve entered into a contract to create a ‘Virtual Asset AML’ solution for the Coin&Coin exchange that “complies with the amendment of the Special Money Act in South… Read More

Accuity and LexisNexis Risk Solutions to Merge Operations, Will Provide Global Financial Crime Compliance Solutions

Rules Regulations

Accuity and LexisNexis Risk Solutions have confirmed that they’re planning to merge their business operations. Accuity will reportedly become a part of the LexisNexis Risk Solutions Group which currently operates in over 100 different countries. Both companies are a part of RELX, a multinational provider… Read More

Blockchain Platform Qtum Teams Up with Blockpass to Provide On-Chain KYC Services

Did You Know Question

Blockchain platforms Qtum and Blockpass have teamed up in order to deliver on-chain (or blockchain-based) Know-Your-Customer (KYC) services. As part of the agreement, Qtum will be providing subsidies to “specific” members looking to achieve regulatory compliance through Blockpass’s On-chain KYC solutions. Adam Vaziri, CEO at… Read More

Nasdaq listed Regtech NICE Actimize to Leverage Biometric Risk Screening Engine and Facial Recognition Tech from FACEPOINT

Risk Money

Nice Actimize, a NICE company (Nasdaq: NICE) business offering autonomous financial crime management solutions, has revealed that FACEPOINT, which introduced a biometric risk screening engine, has now joined the X-Sight Marketplace, bringing its facial recognition tech for Know-Your-Customer (KYC) and watch list risk screening to… Read More

Daniel Polotsky: CEO at CoinFlip Says Company Plans to have Over 3,000 Bitcoin ATMs in the US by 2021

ATM

We recently connected with Daniel Polotsky, CEO at CoinFlip, a leading Bitcoin ATM operator in the US. Polotsky talked about how his company has grown since it was launched back in 2014. He also discussed CoinFlip‘s plans for next year while explaning how the company… Read More

Regtech Firm Hummingbird CEO Joe Robinson Explains that Fintechs are Focusing on Front End as Banks Handle Compliance Requirements

Humming Bird Puntarenas Province Monteverde Costa Rica James Ting

Joe Robinson, Co-Founder and CEO at Hummingbird, a modern platform for anti-money laundering (AML) that makes investigations “agile and intelligent,” says that it took some time before traditional banks began to view Fintech firms as legitimate business partners that could help them with their digital… Read More

Kokila Alagh: Founder of KARM Legal, Member of MENA Fintech Board, Discusses Role of Emerging Tech in Streamlining Middle Eastern Businesses

Kokila Alagh 2

Kokila Alagh, Founder of KARM Legal and a member of the MENA Fintech board, recently shared the latest updates from the Middle East region, including the United Arab Emirates (UAE) with Crowdfund Insider. Alagh works closely with the Arab Monetary Fund (AMF), the Dubai International… Read More

Latvia’s P2P Lender Grupeer Provides Update Regarding Current Repayment Status and Debt Collection Processes

20 Euro Investigation Research

Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its clients already know, since April 2020, the lender had suspended its “economic activity.”… Read More

Digital Onboarding Is Being Widely Adopted in Germany after BaFin Introduced Directive to Regulate the Process in 2014

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Digital challengers such as neobanks and various other Fintech service providers are beginning to transform many traditional business activities through the digitalization of many different services that previously required laborious manual processes (like accounting). Customer or user experience (UX) has become a key differentiator when… Read More

Leading Crypto Derivatives Exchange, BitMEX, Announces Mandatory ID Checks for All Digital Asset Traders on its Platform

Digital ID Identity Identification iPhone

The Seychelles registered Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives exchange, announced on August 14, 2020, that it will be introducing a user verification program. The Hong Kong-operated exchange noted that it will be launching its User Verification Program “at 00:00 UTC on… Read More

Poland’s mPay Partners with iDenfy to use its Biometric Facial Recognition Software to Complete KYC Checks Needed for Mobile Payments

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Poland’s mPay has teamed up with iDenfy to use its biometric facial recognition software, (selfie) liveness detection, and ID verification tech, in order to take care of its Know Your Customer (KYC) compliance checks for processing mobile payments. The mPay app allows users to conduct… Read More

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