KYC

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.

In a time where the number of people using online services is swelling like never before, the need for businesses to perform in-depth and detailed KYC checks has taken a key role.

RegTech firm PassFort and identity verification company Trulioo have partnered to offer regulated businesses a way to digitally transform their KYC and KYB processes.

As another challenging year comes to an end, the task for organisations to remain compliant in new working environments is still ongoing. Despite firm efforts by many to avoid penalties, some institutions were unable to duck fines last year. Here are the top five compliance failure fines from the year of 2021.

A recent thought leadership webinar with OneSpan and BuyWay explored key elements of modernising in person and remote consumer experiences, including how to integrate human interaction in digital...