KYC

While the use of KYC techniques has been commonplace in financial services for many years, the concept of pKYC is changing the industry.

For those in the business of fighting financial crime, 2022 was a hectic and challenging year, with the war in Ukraine and new challenging financial crime trends being key threats.

While ensuring strong KYC practices for companies has been a cornerstone of industry for many years now, the arrival of pKYC is changing the game. What is the difference between the two?

With the more becoming ever more digitalised, the need for strong KYC and AML practices have never been more important. How do they differ internationally?

Hawk:AI, which offers anti-money laundering (AML) surveillance technology, has partnered with Estonian IT company 42flows.tech, to bring AML and fraud surveillance to more global customers.

While the Know Your Customer (KYC) process is very well known, the KYB – Know Your Business – process is less so. How are the two related?

OneBanx, a shared banking innovator, has chosen PassFort’s workflow solution to create a seamless onboarding experience for business customers.

LoopingOne, a KYC and payments platform for marketplaces and platforms, has closed a €800k seed round backed by international trade FinTech Ebury.

Aspire, a platform designed to help a businesses with their financial needs, has partnered with RegTech provider Know Your Customer, to facilitate access to its financial products to underserved SMEs and entrepreneurs across Southeast Asia.

Managing risk through a customer’s lifecycle and solving compliance channels is becoming ever more important as more of the world moves into digital. In a...