KYC

Two out of three countries fail to tackle corruption effectively, which paints "a grim picture of the state of corruption worldwide", according to Transparency International's latest report.

While KYC and onboarding verification have traditionally been a manual process, embracing automation and modern technology is the way ahead.

Socure, the startup that helps companies verify users’ identities, is valued at $1.3bn after a massive $100m funding round.

Poor onboarding practices cost European financial institutions over €5.7bn every year, according to new research.

Fingerprint sensor technology could end up adding $5bn in biometric payments to banks around the world's revenues by 2026, according to UBS.

More than half of the world's cryptocurrency money laundering is made through 270 service deposit addresses, according to new research.

In response to the EU's new money laundering regulations, Greek Eurobank has expanded its partnership with FICO to comply with the law.

Mastercard has announced that it will start to support select cryptocurrencies on its network to give customers and merchants more options.

Picking the right RegTech company to invest in is difficult. Luckily, the Global RegTech Buyer's Guide 2021 has just been launched to help make it easier to make the right choice.

While the payments industry has reason to celebrate, last week also proved a boon for 38 FinTech companies closing investment rounds. The FinTech industry returned...