Articles with tag like: KYC

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FinCEN proposes regulation on convertible virtual currencies and digital asset transactions

News | Digital Identity, Security & Online Fraud | 14 Apr 2021

The Financial Crimes Enforcement Network (FinCEN) has proposed a rule to bring convertible virtual currencies (CVC) and legal tender digital asset transactions (LTDA) within the existing AML and KYC regulatory framework under the Bank Secrecy Act (BSA)

regulation, digital assets, transactions , financial crime, AML, KYC, banks

RBI penalises Indian co-op bank for KYC violation during exchange of demonetised notes

News | Digital Identity, Security & Online Fraud | 13 Apr 2021

The Reserve Bank of India has penalised the Bihar Awami Co-operative Bank for violation of directions on KYC and guidelines related to exchange of demonetised notes.

Reserve Bank of India, KYC, identity verification, compliance, banks

Synctera signs on Socure and CheckAlt as latest partners

News | Digital Identity, Security & Online Fraud | 13 Apr 2021

US-based Synctera has announced partnerships with CheckAlt and Socure to bring mobile remote deposit capture (MRDC) and identity verification capabilities to clients.

partnership, ACH, fintech, API, KYC

iDenfy, Emirex team up to offer identity verification services

News | Digital Identity, Security & Online Fraud | 12 Apr 2021

Emirex, a tokenisation and blockchain advisory in the MENA region, has selected Lithuania’s iDenfy for identity verification services.

iDenfy, partnership, identity verification, KYC, digital onboarding, blockchain

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

ParagonEX partners with SignD to introduce Quantum solution

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

ParagonEX has partnered with Austria-based regulatory technology provider SignD, adding a new product, SignD Quantum, an automated solution for KYC verification.

partnership, KYC, identity verification, digital identity

Gerlionti selects Know Your Customer for GerliPay onboarding

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

Poland-based Gerlionti Group has partnered with Know Your Customer to provide a remote corporate onboarding process for their new payment solution GerliPay.

KYC, digital payments, financial services, digital onboarding, fintech

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

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

TAB Bank taps MuleSoft's technology for its Open Banking strategy

News | Online & Mobile Banking | 31 Mar 2021

TAB Bank has announced that it is using MuleSoft, an integration and API platform, to build its Open Banking strategy.

banks, partnership, Open Banking, API, KYC, transactions , data, Open Finance, fintech

Mpay enters a private-academia partnership todevelop new KYC solution

News | Digital Identity, Security & Online Fraud | 29 Mar 2021

MPay, an electronic payment solution provider, has entered a partnership with Trustgate.com and University Malaya's Artificial Intelligence (AI) Research Lab, aimed at developing a KYC solution.

partnership, artificial intelligence, KYC, compliance, risk management, fraud detection, financial institutions, digital identity, online authentication

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

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

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