KYC

Despite coronavirus fears, the last week saw a number of FinTech companies raise money.

RegTech Electronic IDentification has proposed a solution that would use biometrics to help people set up bank accounts at ATMs.

Gecko Governance, the developer of the world first Blockchain solution for financial services regulatory compliance, has raised $1m in seed financing.

As 2024 progresses, regulators worldwide find themselves increasingly busy, grappling with the dual challenges of an ever-changing geopolitical landscape and the rapid evolution of technology.

Lawyers have filed a class-action lawsuit against Clearview AI for scraping public pictures to create its facial recognition software.

While financial crime is a global problem, the US and European market are paying the most to prevent it.

Lithuania-based iDenfy has partnered with global cryptocurrency and digital payment service provider Mountain Wolf.

Notakey, a provider of authentication and identification services for enterprises, is set to launch a token sale to fund the creation of an ICO compliance product.

The total volume of fines levied against firms for breaking money laundering, data privacy, MiFID and know your customer rules jumped by 141% and amounted to $10.4bn in total so far this year.

Founded in 2015, Know Your Customer provides digital onboarding solutions to financial institutions and regulated organisations globally. The company builds its KYC platform as an interconnected set of web apps, APIs, databases and pre-trained machine learning models – and is helping to change the game in digital corporate onboarding.