Singapore’s banking industry is facing an “unprecedented” challenge as the number of clients abandoning banks due to “slow and inefficient onboarding practices” has surged to record levels, according to research from Fenergo, a global firm focused on client lifecycle management (CLM), Know your Customer (KYC)… Read More
Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, announced the findings of its report on financial institution enforcement actions. Global regulatory fines in 2024 saw a decline in value from “$6.57 billion in 2023 to… Read More
Fenergo, a provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring, and Client Lifecycle Management (CLM), reports a profit before tax of “€12.6 million and a 20% increase in software license growth” in its financial results for the year ending… Read More
Fenergo, a provider of AI-enhanced solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), announced Geneva-based investment group Pictet has reportedly deployed Fenergo’s CLM solution in order to enhance its asset servicing capabilities. FundPartner Solutions (Europe) SA, the Pictet Group’s European… Read More
Boerse Stuttgart Digital, the infrastructure provider for cryptocurrencies and digital assets in Europe, partners with Fenergo, a firm focused on AI-powered KYC, client lifecycle management, and transaction monitoring solutions. Through this partnership, Boerse Stuttgart Digital embraces the next wave of growth in Europe’s crypto market… Read More
The number of global banks losing clients to slow and inefficient know your customer (KYC) onboarding practices has surged to a record high this year, according to new research from Fenergo, the provider of solutions for KYC, client lifecycle management (CLM) and transaction monitoring. A… Read More
This week, Strise, an anti-money laundering (AML) automation company, launched The AML Megaminds Report, a resource featuring insights from more than 80 financial crime experts. It includes tidbits from more than 60 hours of conversations from The Laundry, a money laundering podcast. The report uses… Read More
TD Bank Group (NYSE: TD) announced that, following “several years” of active cooperation and engagement with authorities and regulators, it has reached a “resolution” of previously disclosed investigations related to its U.S. Bank Secrecy Act (BSA) as well as the Anti-Money Laundering (AML) compliance programs…. Read More
Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM), has announced several key updates including being recognized by Chartis for KYC and being acknowledged for its AI-enhanced digital customer onboarding solutions. In addition… Read More
Sumsub announces the integration of its Travel Rule solution with the Sygna Travel Rule protocol to allow its crypto and fintech clients to communicate with the Virtual Asset Service Providers (VASPs) in the Sygna ecosystem, particularly with those in Japan and Taiwan. The added protocol… Read More
KYC/KYB (Know Your Customer/ Know Your Business) systems is a rapidly evolving area of technology which must compensate for the constant increase in volume and complexity of online financial crime. This, according to an extensive report from Juniper Research. Juniper Research explains the role of… Read More
Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), released its half-year annual findings on global financial institution enforcement actions, revealing a 31% surge in the value of fines issued in H1 2024 compared to H1… Read More
Fenergo and Deloitte Ireland have announced an agreement to deliver Fenergo’s AI-powered CLM solutions to financial institutions across EMEA. The alliance combines Fenergo’s technology “with Deloitte’s technology-enabled business transformation expertise to create a Centre of Excellence for CLM.” The collaboration will empower financial institutions and corporates “to… Read More
Solaris, Europe’s embedded finance platform is pleased to welcome Bitpanda, Europe’s crypto platform, on its KYC platform. Bitpanda will leverage Solaris full digital and scalable KYC solution Bankident “to identify customers in Germany.” This signals a new chapter in “a longstanding partnership between Solaris &… Read More
James Toledano, Chief Operating Officer at Savl, a self-custodial crypto and Web3 wallet that combines encryption, unique functionality, and intuitive design, has recently commented on key crypto / digital assets industry insights in a discussion with Crowdfund Insider. James Toledano from Savl has… Read More
Elliptic’s crypto AML (anti- money laundering) service will reportedly aim to enhance compliance for global crypto exchange, Gate.io. Gate.io, a virtual currency exchange and Web3 innovator, recently announced it has enlisted Elliptic, the provider of blockchain analytics and investigative solutions, to strengthen its compliance program…. Read More
Fenergo, the provider of tailored software-as-a-service (SaaS) solutions for Know Your Customer (KYC), Transaction Monitoring (TM), and Client Lifecycle Management (CLM), announced the findings from its KYC in Commercial Banking research, which analyzed responses from mid-market commercial banks in the US with assets ranging from… Read More
Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring (TM) and Client Lifecycle Management (CLM), and NS Solutions (NSSOL), a technology solutions provider, today announce a strategic partnership to support financial institutions in Japan in meeting rising regulatory obligations. The partnership… Read More
Tuum, the core banking services provider, is pleased to announce a new partnership with TransactionLink, a key player focused on end-to-end KYB/KYC automation solutions. This collaboration aims to tackle “the pressing challenges faced by fintechs and banks, particularly in achieving faster time-to-market, scalability for growth… Read More
Sumsub has announced the second iteration of its Advanced Transaction Monitoring Masterclass 2024 after exceptional feedback following its initial launch in February. Over 2,500 anti-money laundering (AML), anti-fraud, and compliance professionals in the fintech sector registered. The self-paced course helped “to boost their knowledge in… Read More
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