Onboarding Verification

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? 

At a time of heightened customer expectations, financial institutions are facing intensifying pressure to make data collection for KYC as smooth and painless as possible.

Sentinels, a transaction monitoring and client risk management platform, has been selected by Netherlands-based neobank Brand New Day to scale its anti-money laundering (AML) controls.

The rise of AI is happening across the majority of industries globally. However, it is seeing particularly powerful growth across the RegTech industry right now.

ComplyAdvantage has released the Anti-Money Laundering Guide for Crypto Firms to help firms better understand the risks.

Griffin, a banking-as-a-service and embedded finance platform provider, has adopted Clausematch’s compliance technology to aid its path to become a fully licensed bank.

Muinmos has been chosen by FinTech firm Sheer Markets for its fully automated AI-based onboarding solution.

While there was a growing move to digital onboarding prior to the onset of the pandemic, the restrictions and challenges put in place due to the virus have sped up the move to digital. According to iMeta Sales Director George Collier, this comes down to a key and growing need across a multitude of industries today for automation.

Founded in 2013, MyDocSafe claims it is the only document security and e-sign software needed to verify and manage all your documents online and automate all compliance, onboarding and contract renewal processes.

RegTech firm KYC Portal has launched a module aimed at simplifying the process for compliance teams of building a corporate structure.