Articles with tag: customer due diligence

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Federal agency ends anti-money laundering consent order for Wells Fargo

News | Digital Identity, Security & Online Fraud | 06 Jan 2021

The Comptroller of the Currency (OCC) had terminated a 2015 consent order related to an anti-money laundering compliance program after Wells Fargo took steps to remedy the problems.

customer due diligence, money laundering, CDD, banking, fraud prevention, OCC, US, Wells Fargo

Anti-money laundering market to be valued at USD 1.99 bln by 2025

News | Digital Identity, Security & Online Fraud | 15 Oct 2020

Million Insights has revealed in a report that the global AML market size is projected to reach USD 1.99 billion by 2025, registering CAGR of 13.6% over the forecast period 2019 to 2025.

anti-money laundering, Million Insights, cyber-criminals, Peer-to-Peer, P2P, money transfer, online payment, Customer Due Diligence, CDD, Know Your Customer, KYC, biometrics, behaviour analysis, customer identity management, NICE Actimize, Tata Consultancy Services Limited, Accenture, SAS Institute, ACI Worldwide

Bedrock Capital leads USD 5.4 mln Series A in anti-money laundering startup First AML

News | Digital Identity, Security & Online Fraud | 17 Sep 2020

First AML has raised USD 5.4 million in a Series A funding round led by US-based Bedrock Capital, with support from existing investors Pushpay founder Chris Heaslip and Icehouse Ventures.

First AML, Series A funding round, Bedrock Capital, Pushpay, Icehouse Ventures, AML, anti-money laundering, Customer Due Diligence, identity verification, money laundering risk, Patriot Act, KYC, onboarding experience, biometric identification, remote verification

ACAMS launches KYC certification for operations teams

News | Digital Identity, Security & Online Fraud | 10 Jul 2020

ACAMS (Association of Certified Anti-Money Laundering Specialists) has launched a know your customer (KYC) certification for early career professionals and their supervisors. 

ACAMS, Association of Certified Anti-Money Laundering Specialists, know your customer certification, KYC, anti-money laundering prevention, CDD, customer due diligence, EDD, enhanced due diligence, ultimate beneficial owners, UBOs, customer profiles

Fenergo selected by Aviva for KYC, CDD, and AML processes

News | Digital Identity, Security & Online Fraud | 25 Jun 2020

Fenergo has been selected by Aviva to replace KYC, customer due diligence (CDD), and AML systems and services. 

Aviva, Fenergo, KYC, CDD, AML, digital transformation, client lifecycle management, CLM, financial institutions, customer due diligence, onboarding, risk assessment, management, regulations, auditors, UBO, data

iProov, NorthRow partner to facilitate customer due diligence

News | Digital Identity, Security & Online Fraud | 11 Jun 2020

Spoof-resistant biometric authentication technology company iProov has announced its partnership with regtech specialists NorthRow

iProov, partnership, regtech, NorthRow, customer due diligence, fintech, AML, onboarding, remote transactions, SCA, criminal attacks, fraud protection, financial crime, facial verification, compliance

TONIK selects NICE Actimize's AML solution to launch its digital banking platform

News | Digital Identity, Security & Online Fraud | 20 Feb 2020

TONIK has chosen NICE Actimize to implement its Essentials Anti-Money Laundering solutions and support the development of a secure banking environment for its new customer base. 

NICE Actimize, AML, TONIK, launch, digital banking, Asia, licensed digital bank, loans, accounts, payments, cards, retail, transaction monitoring, customer due diligence, and sanctions screening

FactSet rolls out FactSet KYC for customer due diligence

News | Digital Identity, Security & Online Fraud | 11 Jul 2019

FactSet, a US-based financial information and analytical applications provider, has announced the release of its cloud-based SaaS application FactSet KYC.

KYC, FactSet, FactSet KYC, product launch, customer due diligence, fraud prevention, US, financial data software

Addressing the shell company problem

Voice of the Industry | Expert Opinion | 12 Jun 2019

Christian Chmiel, Web Shield: Acquirers and PSPs must not only comply with legislation and card scheme requirements, but also effectively manage risk and reputation

Christian Chmiel, Web Shield, case study, fraud, risk, shell company, acquirers, PSPs, customer due diligence, identification, verification

NICE Actimize to offer compliance solution to core banking provider

News | Digital Identity, Security & Online Fraud | 15 Feb 2018

NICE Actimize has partnered with a global provider of core banking systems technology to roll out Actimize cloud solutions to its network of financial institutions.

NICE Actimize, core banking, partnership, payment fraud, cybercrime, sanctions monitoring, market abuse, customer due diligence

Onfido launches global identity verification on Salesforce AppExchange

News | Digital Identity, Security & Online Fraud | 13 Dec 2017

Onfido, a global identity verification provider, has launched its remote onboarding platform on the Salesforce AppExchange.

Customer Due Diligence, identity verification, authentication, digital onboarding, digital identity, CRM, Onfido, Salesforce AppExchange

SWIFT lines up KYC registry with Wolfsberg DDQ

News | Digital Identity, Security & Online Fraud | 17 Oct 2017

SWIFT has aligned its Know Your Customer (KYC) Registry with the new Wolfsberg Due Diligence Questionnaire (DDQ) for Correspondent Banks.

KYC, SWIFT, Wolfsberg DDQ, correspondent banking, customer due diligence

SWIFT to open KYC registry membership to all supervised financial institutions

News | Online Payments | 18 Jul 2017

SWIFT has announced plans to extend membership in its KYC Registry to all supervised financial institutions.

SWIFT, KYC, onboarding new customers, KYC registry membership, customer due diligence, world, banking