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Find here all the latest articles, news, and research on KYC and other KYC-related topics:

Find here all the latest articles, news, and research on KYC and other KYC-related topics:

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South Korea investigates Upbit over alleged KYC violations

News | Cryptocurrencies | 18 Nov 2024

South Korea has ramped up its regulatory scrutiny of cryptocurrency exchanges such as Upbit, focusing on compliance with Know Your Customer (KYC) requirements.

cryptocurrency exchange, regulation, KYC, money laundering

RBI introduces new modifications to KYC regulations

News | Digital Identity, Security & Online Fraud | 11 Nov 2024

The Reserve Bank of India (RBI) has announced new modifications to Know Your Customer (KYC) guidelines, with the regulator intending to optimise how financial institutions verify identities. 

KYC, regulation, financial services, CDD, bank account

Money Laundering Reporting Officer (MLRO) challenges and best practices

Voice of the Industry | Digital Identity, Security & Online Fraud | 11 Nov 2024

At payments and regtech events, MLROs are frequently asked about their top concerns and challenges.

compliance, fraud prevention, risk management, artificial intelligence, KYC

IDnow Trust Services AB gets certified as a Qualified Trust Service provider in the EU

News | Digital Identity, Security & Online Fraud | 06 Nov 2024

Germany-based ID verification platform IDnow has announced its collaboration with IDnow Trust Services AB, a certified Qualified Trust Service Provider (QTSP) under EU Regulation 910/2014. 

partnership, online security, KYC, digital identity, digitalisation

The importance of a holistic approach to fighting fraud and ensuring compliance

Interviews | Digital Identity, Security & Online Fraud | 04 Nov 2024

Roy Prayikulam, SVP Risk & Fraud at INFORM, explains how the FRAML framework combines fraud and AML efforts, helping financial institutions tackle evolving financial crime more efficiently.

fraud management, APP fraud, account takeover, artificial intelligence, AML, KYC

ID-Pal selected by the Irish Department of Justice for digital identity verification

News | Digital Identity, Security & Online Fraud | 01 Nov 2024

The Irish Department of Justice has announced that it selected ID-Pal’s solutions to support digital identity verification in immigration service renewal procedures. 

partnership, identity verification, identity method, online security, digitalisation, AML, KYC

BNY and Mizuho Bank partner for trade services

News | Online & Mobile Banking | 23 Oct 2024

Global financial services company Bank of New York Mellon (BNY) has signed an agreement with Mizuho Bank to collaborate on bank connectivity for international trade services. 

KYC, fintech, compliance, trade finance, financial services

Noda launches its Pay & Go solution

News | Payments General | 23 Oct 2024

UK-based Open Banking payment provider Noda has launched Pay & Go, a solution developed to simplify the user journey for merchants who need registration, KYC, and payment processing. 

product launch, KYC, payments , customer experience, merchants, digital payments

iDenfy unveils Bank Verification tool for customer onboarding

News | Digital Identity, Security & Online Fraud | 15 Oct 2024

iDenfy has launched its new Bank Verification solution aimed at improving customer onboarding by integrating Open Banking solutions.

digital onboarding, Open Banking, KYC, regulation, data

HashKey Global teams with Sumsub to boost KYC and AML

News | Digital Identity, Security & Online Fraud | 15 Oct 2024

HashKey Global, a regulated digital asset exchange, has partnered Sumsub to improve Know Your Customer (KYC) and Anti-Money Laundering (AML) processes.

partnership, KYC, AML, digital assets, identity verification

BKN301 launches payment solution for MENA fintechs

News | Online & Mobile Banking | 07 Oct 2024

BKN301, a UK-based provider of digital payments and BaaS solutions, has announced the launch of its newest product, the 301 Retail Account.

digital payments, BaaS, financial inclusion, KYC, compliance

The Paypers launches the Fraud Prevention in Ecommerce Report 2024-2025

News | Digital Identity, Security & Online Fraud | 25 Sep 2024

The Paypers has launched the sixth edition of the Fraud Prevention in Ecommerce Report, with a thorough overview of the hottest trends in the global fraud ecosystem.

report, fraud management, fraud detection, digital identity, KYC, KYB, online fraud, fraud prevention, online payments, ecommerce, payments , identity fraud, two-factor authentication, multi-factor authentication, CNP fraud, account takeover, promo abuse, refund fraud, merchants, generative AI, GenAI, first-party misuse, friendly fraud, biometrics, machine learning, scam, phishing, SCA, regulation, bot attacks

iDenfy launches new automated capabilities for its KYB platform

News | Digital Identity, Security & Online Fraud | 23 Sep 2024

iDenfy, a Lithuania-based regtech startup specialising in ID verification and fraud prevention, has launched new automated capabilities for its Know Your Business (KYB) platform. 

identity verification, digital identity, KYB, KYC, product launch

Sumsub integrates with Sygna to augment VASP communication

News | Cryptocurrencies | 19 Sep 2024

Sumsub has integrated its Travel Rule solution with the Sygna Travel Rule protocol to allow crypto and fintech clients to communicate with VASPs in the Sygna ecosystem.

cryptocurrency, digital assets, FATF, KYC, expansion

FTS.Money, Facephi to deliver IDV and KYC solutions to Asia and the Middle East

News | Digital Identity, Security & Online Fraud | 19 Sep 2024

Hong Kong-based fintech FTS.Money has joined forces with Facephi to integrate the latter’s IDV and KYC solutions into its platform and allow it to expand its footprint. 

partnership, KYC, identity verification, digital identity, fraud prevention, expansion

Germany's LBBW chooses Fenergo's cloud-based onboarding

News | Digital Identity, Security & Online Fraud | 16 Sep 2024

Ireland-based regtech Fenergo has been selected by Germany’s state bank Landesbank Baden-Württemberg (LBBW) to provide cloud-based onboarding.

cloud, digital onboarding, compliance, KYC, AML

PwC chooses Strise to automate AML processes

News | Digital Identity, Security & Online Fraud | 11 Sep 2024

AML automation company Strise has announced that PwC Norway has implemented its AML Automation Cloud to augment its AML processes and reduce manual work.

AML, digitalisation, regulation, KYC, fraud prevention, cloud

Swedish FSA reprehends Klarna's failure to mitigate money laundering risks

News | Digital Identity, Security & Online Fraud | 10 Sep 2024

AI-enabled global payments network and shopping assistant Klarna has been criticised by the Swedish Financial Supervisory Authority for not advancing its money laundering prevention procedures. 

IPO, money laundering, regulation, risk management, KYC

FaceTec unveils UR codes for identity verification

News | Digital Identity, Security & Online Fraud | 06 Sep 2024

FaceTec has introduced a new protocol for remote identity verification using UR® Codes.

identity verification, digital identity, biometrics, online security, KYC

Frank leverages iDenfy's ID verification to optimise security

News | Digital Identity, Security & Online Fraud | 30 Aug 2024

Lithuania-based regtech solution provider iDenfy has announced a strategic collaboration with Frank to support the latter in mitigating fraudulent activities on its transportation platform. 

identity verification, digital verification, digital onboarding, fraud prevention, online security, KYC