Keesing equips Norway's bank branches with customer onboarding solution

Tuesday 3 December 2019 09:33 CET | News

Keesing, Risk Information Group (RIG) have teamed up to implement AuthentiScan, a customer onboarding and identity proofing solution in over 96% of all physical bank branches in Norway.

Furthermore, the solution is rapidly gaining ground in Sweden, Denmark and Finland, according to Keesing Technologies. The black, or shadow, economy is estimated to represent up to 14% of the Nordic countries’ GDP, Keesing cited the International Monetary Fund (IMF) and Eurostat. Funds are mainly laundered through traditional channels, such as banks and other financial institutions (FIs).

FIs must comply with strict legislation regarding money laundering since it is publicly viewed as a social responsibility of FIs to fight financial crime. The pressure on FIs in the Nordic nations is high and secure customer identification has become a critical factor in onboarding customers.

The partnership aims to provide identity verification solutions to FIs in the Nordics for fraud prevention, customer onboarding and regulatory compliance. Since then, AuthentiScan has helped RIGs customers and prospects to meet Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance regulations.
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Keywords: Keesing, Risk Information Group, RIG, Norway, digital identity, AML, KYC, identity verification, digital onboarding, partnership, FI, banks
Categories: Fraud & Financial Crime
Countries: Norway
This article is part of category

Fraud & Financial Crime