Articles with tag like: AML

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Shufti Pro launches NFC-based Identity verification solution

News | Digital Identity, Security & Online Fraud | 09 Apr 2021

UK-based Shufti Pro has launched a Near Field Communication product that is able to verify chip-based documents like e-ID cards, e-passports, and e-driving licence.

KYC, AML, deep fake, identity verification

Dutch judge upholds Bitonic's objections and calls on DNB to review its requirement

News | Cryptocurrencies | 08 Apr 2021

The Preliminary Relief Judge of the Rotterdam District Court has acknowledged Bitonic’s objections and doubts about the registration procedure and the legality of the wallet verification requirement set by the Dutch Central Bank (DNB).

DNB, Bitonic, Bitcoin, e-wallet, KYC, AML, identity verification

Advapay teams up with iSPIRAL to provide its customers with AML and KYC solutions

News | Digital Identity, Security & Online Fraud | 07 Apr 2021

Advapay, a digital core banking platform for fintechs, has partnered with iSPIRAL, a technology software provider of AML, KYC, risk and compliance solutions.

partnership, AML, KYC, fintech, risk management, digital banking, financial institutions, transactions

Aryza introduces its case management solution

News | Online & Mobile Banking | 06 Apr 2021

Aryza, a developer of software solutions for the financial services industry, has launched Aryza Messenger – a case management solution. 

financial services, product launch, Open Banking, banks, AML

As fraud soars, what's next for Buy Now Pay Later?

Voice of the Industry | Digital Identity, Security & Online Fraud | 06 Apr 2021

As Buy Now Pay Later (BNPL) market is on ascending path, Adam Desmond, Mitek stresses the importance of having the necessary fraud prevention measures in place to safeguard consumers

Mitek, BNPL, merchants, identity verification, KYC, AML, fraud management, facial recognition, digital identity

SRA reports GBP 200 mln in money laundering activities

News | Digital Identity, Security & Online Fraud | 05 Apr 2021

The Solicitors Regulation Authority (SRA) has made 26 reports of suspected money laundering in 2020 involving more than GBP 200 million in possible criminal proceeds.

money laundering, fraud detection, AML

TrustID launches KYC and AML service

News | Digital Identity, Security & Online Fraud | 01 Apr 2021

TrustID, a UK-based identity document verification service provider, has launched its Know Your Customer (KYC) and Anti-Money Laundering (AML) service aimed at regulated businesses across all sectors and high-value retailers.

TrustID, KYC, AML, fraud prevention

Bofin selects ComplyAdvantage for fraud detection and AML

News | Digital Identity, Security & Online Fraud | 31 Mar 2021

UK-based technology marketplace for financial services firms Bofin has partnered ComplyAdvantage to lower its risk of financial crimes and money laundering.

partnership, AML, financial crime, fraud prevention, machine learning, ComplyAdvantage

The Monetary Authority of Singapore sets new AML/CFT guidelines

News | Cryptocurrencies | 29 Mar 2021

MAS (Monetary Authority of Singapore) has published a new infographic setting out its supervisory expectations on AML/CFT controls for the Digital Payment Token (DPT) sector.

digital currency, AML, CFT, regulation

Money laundering regime extends to Bitcoin from April 2021 in Ireland

News | Cryptocurrencies | 26 Mar 2021

Cryptocurrency service providers in Ireland will have to comply with money laundering rules and other basic regulations for the first time starting with April 2021.

money laundering, cryptocurrency, cryptocurrency exchange, AML, AMLD6, KYC

Fondeadora selects AU10TIX for its identity verification solutions

News | Digital Identity, Security & Online Fraud | 25 Mar 2021

Fondeadora, a Mexico-based challenger bank, has selected AU10TIX, to boost the speed and security of its customer onboarding and ongoing due diligence processes. 

partnership, identity verification, KYC, AML, challenger bank, banks, biometrics

Mexican neobank albo selects Acuant for KYC processes

News | Digital Identity, Security & Online Fraud | 24 Mar 2021

albo, Mexico-based neobank, has selected Acuant, a provider of identity verification solutions, to assist the bank with KYC processes.

partnership, banks, identity verification, KYC, AML, data

Financial crime compliance costs increased 20.6% across APAC, LexisNexis shows

News | Digital Identity, Security & Online Fraud | 24 Mar 2021

LexisNexis Risk Solutions has released the findings of its latest True Cost of Financial Crime Compliance Study – the APAC edition.

study, financial crime, COVID-19, KYC, money laundering, compliance, AML, transaction monitoring

Feedzai valued at USD 1 billion in KKR-led funding round

News | Digital Identity, Security & Online Fraud | 24 Mar 2021

Financial technology group Feedzai had raised USD 200 million in a round led by investment company KKR valuing the startup at more than USD 1 billion.

Feedzai, funding, artificial intelligence, money laundering, AML, banks

Jumio secures USD 150 mln from Great Hill Partners

News | Digital Identity, Security & Online Fraud | 23 Mar 2021

Jumio, a provider of AI-powered identity verification and eKYC solutions, has secured a USD 150 million investment from Great Hill Partners.

identity verification, KYC, funding, artificial intelligence, data, digital identity, AML

EBA publishes regulatory instruments to address de-risking practices

News | Digital Identity, Security & Online Fraud | 23 Mar 2021

The European Banking Authority (EBA) has published three regulatory instruments to address de-risking practices based on evidence gathered in its call for input.

regulation, risk management, AML, financial institutions

InnoValor certified through a security certification package

News | Digital Identity, Security & Online Fraud | 23 Mar 2021

InnoValor, a mobile identity verification technology provider, has been certified through a combination of security certificates for its NFC-based identity verification technology ReadID

digital identity, identity verification, KYC, AML, PSD2

Veriff, Joompay partner to facilitate identity verification for mobile payments in Europe

News | Digital Identity, Security & Online Fraud | 23 Mar 2021

Veriff, a global identity verification provider, has partnered with Joompay, a social finance app enabling money transfers in Europe.

Veriff, partnership, identity verification, KYC, AML

South Korea's anti-money laundering rules to be live on 25 March

News | Cryptocurrencies | 23 Mar 2021

The Financial Services Commission (FSC) has announced that South Korea’s anti-money laundering safeguards for cryptocurrency businesses will come into effect on 25 March 2021.

cryptocurrency, cryptocurrency exchange, money laundering, AML, virtual asset, regulation

KogoPAY, iDenfy expand partnership to provide streamlined digital identity verification

News | Digital Identity, Security & Online Fraud | 22 Mar 2021

Identity verification services provider iDenfy has expanded its partnership with payment services app KogoPAY to enhance customer experiences.

iDenfy, partnership, identity verification, AML, KYC, merchants