KYC

Five Canadian banks are joining forces with CanDeal, a market and infrastructure services provider, to set up a centralised KYC offering for the capital markets industry.

In an increasingly digital and connected world, the need to stay alert to new challenges has never been clearer.  

Founded in 2019, Schwarzthal Tech is a UK-based RegTech startup that is developing Wunderschild Know Your NetworkTM, an AI-driven platform that provides financial crime intelligence and speeds up the look-up process for beneficiaries. Two years into its existence, what is next for the company?

The automatic verification of someone’s ID is undoubtedly the first building block in the onboarding process of a digital customer. However, what is needed in this process and what should you be looking for in a tool? 

KYC is an imperative process of any company’s compliance journey, especially in financial services – which makes it even more important startups invest in it.  

With the number of children using digital services increasing by the year, the need for greater online financial protections is increasing considerably.

The KYC and refresh process in financial services can often be heavily burdensome, complex and costly for companies, with processes still lacking up-to-date technologies.

In a world where financial crime and money laundering are becoming ever more common and widespread, the need to have strong and regular KYC checks has become imperative.

As the way we move and use money changes, fraud finds new ways to fester. With reports of fraud increasing year-on-year, is automated KYC enough in this long-standing fight?

As more and more people move online, financial crime is increasing – subsequently increasing the opportunities for cases of money laundering. As industry players continue to search for the silver bullet to tackle financial crime, RegTech firm Lucinity is focused on helping to clean up the financial world.