Articles with tag like: due diligence

Found 50 results in 1 second.

SIA, WizKey partner for credits trading on blockchain

News | Cryptocurrencies | 26 Jan 2021

Italy-based fintech SIA has partnered with fintech WizKey to launch a platform available to banks, funds, and financial operators to negotiate credits on blockchain, according to the official press release.

SIA, WizKey, partnership, Credits, trading, blockchain, Italy, fintech, banks, DLT, NPL, credit trading, digitisation, due diligence

MT Global penalised with USD 32 mln over anti-money laundering failures

News | Digital Identity, Security & Online Fraud | 08 Jan 2021

Britain’s tax authority has fined MT Global, a private money services business, with USD 32.4 million for significant breaches of anti-money laundering regulations.

MT Global, AML, fine, financial crime, UK, Majesty’s Revenue and Customs, HMRC, due diligence, record keeping, payments

Westpac Bank to pay record fine over money laundering breaches

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

Australia’s Westpac Bank has negotiated to pay a record USD 0.9 billion fine for the nation’s biggest breach of money laundering laws, according to BBC.

Westpac Bank, money laundering, financial crime, international transfers, due diligence, Australia

Vendorly partners Secure Insight to mitigate wire fraud risk

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

Vendorly, a SaaS-based vendor oversight platform for financial institutions, has signed a reseller agreement with risk management company Secure Insight to help protect Vendorly clients against wire fraud.

Vendorly, Secure Insight, wire fraud, risk management, due diligence

US-based remote working fintech Deel launches in Europe

News | E-invoicing, SCF & E-procurement | 13 Aug 2020

Fintech startup Deel has launched in Europe in hopes to streamline the work from home process through its online platform.

US, Europe, remote working, fintech, Deel, work from home, online platform, remote workers, currencies, legal fees, due diligence, local law, tax system, international payroll process, WeTransfer

Accuity, Encompass team up for KYC risk assessments

News | Digital Identity, Security & Online Fraud | 23 Jul 2020

Accuity and Encompass Corporation have announced a strategic partnership to help customers streamline KYC processes, facilitate the quality of risk assessments, and reduce the costs of compliance.

Accuity, Encompass Corporation, partnership, KYC, risk assessments, financial crime screening, risk decisioning, onboarding, due diligence

EQ, Encompass partner for KYC offering

News | Digital Identity, Security & Online Fraud | 23 Jun 2020

UK-based digital service provider EQ has announced that it has partnered with Encompass to develop its KYC proposition.

eQ, EnCompass, KYC, UK, automation, artificial intelligence, AI, data analysis, customer onboarding, due diligence, remediation, partnership

CoinDCX, Onfido team up to decrease KYC verification time

News | Digital Identity, Security & Online Fraud | 05 Jun 2020

India-based cryptocurrency exchange CoinDCX has announced a partnership with global identity verification and authentication company Onfido

CoinDCX, partnership, Onfido, KYC, identity verification, India, cryptocurrency, authentication, onboarding, regulations, fraud, prevention, AI, artificial intelligence, due diligence, iD, security

Rakuten Securities chooses NICE Actimize's AML solutions

News | Digital Identity, Security & Online Fraud | 28 May 2020

NICE Actimize has been chosen by Rakuten Securities, an online brokerage operating throughout Japan and across Asia. 

NICE Actimize, AML, Rakuten Securities, financial crime, crime management, Japan, Asia, online brokerage, AML, compliance, CDD, due diligence, monitoring, KYC, risks, onboarding, scoring, analytics, regulations

Hello Soda launches API platform for KYC, AML and fraud prevention solutions

News | Digital Identity, Security & Online Fraud | 05 May 2020

Global identity specialist Hello Soda has launched Sodium, a new single API platform designed to streamline the delivery of its suite of KYC, AML and fraud prevention solutions.

Hello Soda, KYC, AML, fraud prevention, identity verification, due diligence

Fenergo unveils remote account opening solution

News | Payments General | 22 Apr 2020

Fenergo has announced the launch of its digital cloud-based Remote Account Opening solution, in order to assist US small businesses in accessing Paycheck Protection Programme (PPP) emergency loans.

Fenergo, launch, remote account opening, solution, small business, loan approvals, CLM, Client Lifecycle Management, financial institutions, US, KYC, AML, Bank Secrecy Act, BSA, screening, due diligence

Baanx, HooYu team up for onboarding and KYC processes

News | Cryptocurrencies | 19 Mar 2020

Customer onboarding and KYC technology company HooYu has been deployed by mobile crypto and fiat specialist Baanx

Baanx, partnership, HooYu, KYC, cryptocurrency, digital assets, due diligence, wallets, exchanges, AML

SIX Group selects Know Your Customer to strengthen supplier due diligence

News | Digital Identity, Security & Online Fraud | 05 Mar 2020

SIX Group has selected regtech provider Know Your Customer to strengthen its procurement process and better assess the risk associated with its international suppliers.

SIX Group, Know Your Customer, suppliers, due diligence, regtech, fintech, money laundering, financing, KYC

HDFC Bank violates KYC norms; RBI imposes penalty

News | Digital Identity, Security & Online Fraud | 31 Jan 2020

The Reserve Bank of India (RBI) has imposed INR 1 crore penalty on HDFC Bank for non-compliance with KYC norms. 

RBI, monetary penalty, HDFC Bank, KYC, norms, compliance, banks, due diligence, accounts

RDC to be acquired by Moody's Corporation

News | Digital Identity, Security & Online Fraud | 27 Jan 2020

Risk intelligence company RDC has entered into a definitive agreement to be acquired by Moody’s Corporation, BusinessWire reports.

Moody, acquisition, risks, intelligence, RDC, compliance, screening, data, AML, KYC, due diligence, AI, financial markets, analysis

CipherTrace added to NICE Actimize's X-Sight Marketplace for due diligence and risk reduction

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

NICE Actimize has revealed that CipherTrace joined the X-Sight Marketplace, the industry’s first financial crime and compliance ecosystem.

NICE Actimize, cryptocurrency, CipherTrace, X-Sight Marketplace, due diligence, risks, financial crime, compaliance, gateway, money laundering, digital wallets

HooYu, Vanquis Bank join forces to digitalise KYC processes

News | Digital Identity, Security & Online Fraud | 16 Jan 2020

Customer onboarding and KYC tech company HooYu has announced its partnership with Vanquis Bank to digitalise the UK bank’s KYC processes. 

HooYu, KYC, Vanquis Bank, UK, partnership, banks, UK, identity proofing, risks, accounts, onboarding, due diligence, fraud

Just a few days until the 5th AML legislation comes into force

News | Digital Identity, Security & Online Fraud | 07 Jan 2020

At the end of 2019, the British Government introduced the Fifth EU Money Laundering Directive (5MLD), which will come into force on 10 January 2020.

5MLD, money laundering, fraud prevention, anti money laundering checks, regulation, due diligence

Fenergo reveals Digital KYC to automate compliance

News | Digital Identity, Security & Online Fraud | 31 Oct 2019

Fenergo has introduced Digital KYC, a real-time KYC solution for financial institutions who seek to automate and perpetuate KYC compliance reviews.

Fenergo, Digital KYC, compliance, financial crime, risks, CDD, due diligence, onboarding, data

Vital4, TruNarrative partner to fight financial crime

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

AML data and tech company Vital4 has revealed its partnership with UK-based TruNarrative, a global player in financial crime detection and compliance solutions.

financial crime, Vital4, TruNarrative, partnership, fraud prevention, crime detection, compliance, AML, KYC, ML, due diligence, screening, monitoring