Tag: AML

If a firm is looking to hold a competitive edge, it is vital they oversee a successful client onboarding programme.

Evaluating the business line of potential clients is a key part of Know Your Customer (KYC) procedures in commercial relationships. However, analysts often spend substantial time utilising search engines and other manual processes to establish a client's Line of Business. This allows them to assess the risk involved in onboarding records or transactions.

The global financial world faces an enduring challenge - money laundering. Long dominated by traditional methods, this is now changing.

Global bank ING and data analytics software company Quantexa have announced a strategic partnership.

Digital wealth management tools have surged in popularity, providing individuals with affordable access to professional investment services. However, with a plethora of options available, selecting the ideal platform can be challenging. Here are some crucial factors to keep in mind when making your decision.

Flagright has teamed with OpenAI to introduce Flagright AI, an AI suite to provide AML compliance and fraud prevention capabilities.

FiVerity, a creator of an anti-fraud collaboration platform, has raised $4m in a seed funding round headed by Mendon Venture Partners.

When observing potential cases of money laundering, it is important that businesses understand the key red flags to watch out for.

Pesawise, a FinTech focused on providing seamless and secure payment solutions, will partner with Flagright to boost its payment offering.

Fourthline, a RegTech firm that provides AI-powered and compliant KYC and AML solutions, has bagged €50m from new and existing investors.