Articles with tag: know your customer

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

15 Oct 2020 | Digital Identity, Security & Online Fraud

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

GLEIF clarifies Validation Agent role for banks and FIs

07 Oct 2020 | Digital Identity, Security & Online Fraud

The Global Legal Entity Identifier Foundation (GLEIF) has introduced a new ‘Validation Agent’ role and explained what it will mean for financial institutions and banks.

GLEIF, Validation Agent, banks, FIs, financial institutions, Global LEI System, LEI issuance, digital innovation, Validation Agent Framework, KYC, AML, onboarding, Local Operating Unit, LOU, know your customer

The Global Open Banking Report 2020 – Beyond Open Banking, Into the Open Finance and Open Data Economy

01 Oct 2020 | Online & Mobile Banking

The Global Open Banking Report 2020 follows the journey from Open Banking to Open Finance and Open Data Economy and provides key insights about the benefits of Open Finance for different areas of financial service

Open Banking, Open Finance, Open Data, data, digitalisation, payments, merchants, corporates, SMEs, fintech, innovation, banks, financial inclusion, security, agile, fraud prevention, standardisation, third party providers, API, cash management, personal finance management, use cases, account aggregation, request to pay, compliance, regulation, onboarding, partnership, developers, treasury, account-to-account payments, coronavirus, covid-19, pandemic, actionable insights, consumers, mapping, data sharing, finance, banking, know your customer, KYC, credit scoring, TPP checking, repository, API security, authentication, strong customer authentication, lending, affordability, savings, insurance, Data Strategy, banking-as-a-service, core banking, risk management, payment initiation, consent, customer experience, open payments

Samsung lets German customers link any bank account to Samsung Pay

30 Sep 2020 | Mobile Payments

Samsung Electronics has announced a partnership with Visa to enable German users to link their personal bank accounts with Samsung Pay and use a virtual Visa debit card for mobile payments.

Samsung, Samsung Pay, SolarisBank, Splitpay, Visa, Visa debit card, Germany, bank accounts, KYC, know your customer, video identification, Europe

Clik, Napier partner to bring anti-money laundering (AML) standards to the Cambodian market

08 Sep 2020 | Digital Identity, Security & Online Fraud

Compliance technology company Napier has announced that their AML technology platform will integrate with new mPOS/SoftPOS payment aggregator and gateway Clik.

Napier, AML, anti-money laundering, mPOS, SoftPOS, Clik, merchants, app, digital payment, retailers, Cambodia, suspicious activity, KYC, Know Your Customer, transaction monitoring, financial crime

Digital transformation: what you are is more interesting than who you are

07 Sep 2020 | Digital Identity, Security & Online Fraud

Adam Cooper, ID Crowd, explains why ‘digital identity needs to be the key that unlocks access to trusted data’

Adam Cooper, ID Crowd, digital identity, trusted data, pandemic, transactions, bank account, eKYC, know your customer, KYC, government, fraud

Emerchantpay teams with 4Stop to boost fraud defence agility

01 Sep 2020 | Digital Identity, Security & Online Fraud

Germany-based KYB/KYC provider 4Stop has announced teaming with payment service provider emerchantpay to offer more secure online payments for their merchants.

Emerchantpay, 4stop, KYC, KYB, know your customer, ecommerce, anti-fraud orchestration, fraud prevention, authorisation approval, payments authorisation, Germany, Europe

Curve selects Onfido to provide streamlined onboarding for its customers

29 Jul 2020 | Digital Identity, Security & Online Fraud

Curve has partnered with Onfido, the global identity verification and authentication company, to speed up, simplify, and unify its Digital Identity and Know Your Customer (KYC) processes.

Curve, Onfido, Digital Identity, Know Your Customer, KYC, biometric, ID verification

Biometric onboarding gains in financial services, iProov report shows

28 Jul 2020 | Digital Identity, Security & Online Fraud

A report made by iProov has revealed that the adoption of a new onboarding process has increased Rabobank’s channel share from 35% to 60% in 2020.

iProov, report, onboarding process, Rabobank, channel share, Top Considerations for Online Onboarding in Financial Services, Know Your Customer, KYC, InnoValor, biometrics, Genuine Presence Assurance, NFC, biometric identity verification

Trulioo recommends payment apps to improve security against COVID-19 fraud

24 Jul 2020 | Digital Identity, Security & Online Fraud

Trulioo has released an Anti-Money Laundering and Know Your Customer (KYC) report that tracks fraudulent activity during the pandemic.

Trulioo, Anti-Money Laundering, AML, Know Your Customer, KYC, report, fraudulent activity, COVID-19, cybercriminals, payment apps, online transactions, biometrics, account takeover, Westpac Banking Corporation, customer onboarding

EE rolls out ID checker to fight online fraud

17 Jul 2020 | Digital Identity, Security & Online Fraud

UK-based network operator EE has launched a new Digital Identity platform to protect customers from fraud.

UK, EE, Digital Identity platform, fraud prevention, identity theft, SIM swap fraud, account takeover, SIM Swap, Know Your Customer, KYC, online transactions, unauthorised financial fraud

ACAMS launches KYC certification for operations teams

10 Jul 2020 | Digital Identity, Security & Online Fraud

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

Payaut launches an automated payment solution for online marketplaces

07 Jul 2020 | Online Payments

Netherlands-based fintech Payaut has launched an automated payment solution for online platforms and marketplaces. 

Payaut, launch, automated payment solution, online marketplaces, PSP, Adyen, Stripe, Mollie, Know Your Customer, KYC, PSD2, funding round, LocalGlobe, Finch Capital, fintech

Surecomp marks the launch of its fintech Marketplace with new brand identity

11 Jun 2020 | Payments General

Surecomp, a global trade finance and treasury solutions for banks and corporations, has launched its new fintech Marketplace.

risk analysis, digital operations, cybersecurity, logistics, artificial intelligence, AI, know your customer, KYC, regtech, analytics, Surecomp

Citi expands digital onboarding to 37 countries

14 May 2020 | Digital Identity, Security & Online Fraud

Citi has expanded the reach of its CitiDirect BE digital onboarding platform, making it available in 37 countries and five languages. 

Citi, CitiDirect BE Digital Onboarding, digital onboarding, client-facing digital channels, COB, remote work, pandemic, payment methods, electronic signatures, KYC, know your customer, account opening

Does the PSD2 SCA mandate in payment processing prevent fraud under GDPR Recital 47?

10 Apr 2020 | Online & Mobile Banking

The GDC Compliance Advisory Board (CAB) provides insight into how to interpret the Strong Consumer Authentication (SCA) mandate described in PSD 2 without jeopardizing data privacy concerns protected by GDPR. 

Global Data Consortium, PSD2, SCA, GDPR, Payments Service Directive 2, open banking, strong customer authentication, digitization, Know Your Customer, compliance,

SIX Group selects Know Your Customer to strengthen supplier due diligence

05 Mar 2020 | Digital Identity, Security & Online Fraud

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

Dubai launches instant bank account opening facility

20 Feb 2020 | Payments General

The Department of Economic Development in Dubai has established a blockchain consortium with six UAE banks, whereby investors be able to open bank accounts instantly.

Dubai Economy, United Arab Emirates, KYC, blockchain, banking, investment, KYC (Know Your Customer) Blockchain Consortium, bank consortium, Emirates NBD, Emirates Islamic, HSBC, RAKBANK, Abu Dhabi Commercial Bank, Commercial Bank of Dubai.

Encompass Corporation, Pega team up for KYC processes

10 Dec 2019 | Digital Identity, Security & Online Fraud

Automated KYC solutions provider Encompass Corporation has announced a partnership with Pegasystems (Pega), the digital transformation software.

Encompass Corporation, partnership, Pega, know your customer, KYC, CLM, client lifecycle management, onboarding, stock exchanges, regulations, risks, data

PwC, Fenergo work together for KYC and AML solutions

03 Dec 2019 | Digital Identity, Security & Online Fraud

PwC has announced it will leverage Fenergo’s cloud-based Client Lifecycle Management (CLM) solution to facilitate its existing KYC and AML processes.

PwC, KYC, Fenergo, AML, CLM, management, managed services, onboarding, partnership, money laundering, know your customer