Tag: Know Your Customer

In the dynamic landscape of financial regulation, companies grapple with a daunting volume of regulatory texts. This continuous influx of regulations challenges even the...

FinScan, an anti-money laundering (AML) compliance solution from Innovative Systems, has enhanced its payment screening solution, FinScan Payments, to accelerate transaction workflows while strengthening...

Key European RegTech investment stats in 2024: European RegTech deal activity halved in 2024 YoY UK firms dominated the European RegTech marketplace completing a...

In the financial regulatory landscape, understanding and adhering to FINRA's Rule 2090, commonly known as the KYC rule, is crucial for brokerage firms.

The FCA has recently completed its review on how PEPs, including Members of Parliament, public servants, and their relatives and close associates (RCAs), are handled by financial services.

Monavate, a provider of payment solutions, has partnered with Know Your Customer, a top player in global business KYC verification.

Encompass Corporation, a leader in Corporate Digital Identity (CDI), has appointed Nynke Postma, the founder and former CEO of Blacksmith KYC, as the new...

TransactionLink, a pioneer in onboarding automation solutions for Know Your Business (KYB), and Know Your Customer, the award-winning Software as a Service (SaaS) ecosystem...

In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively. Enter Large Language Models (LLMs) like GPT-4 – the new frontier in AI, sparking a revolution in fields such as natural language processing (NLP). Despite the inherent risks associated with emerging technologies, the potential of LLMs to significantly contribute to future risk assessment products is becoming increasingly evident.

Fraud in the UK has become a significant concern, with 40% of crimes being fraudulent. Money muling is at the forefront, where fraudsters utilise synthetic or real mule accounts for financial gain. The UK government, recognizing the seriousness, plans to publish an action plan to combat this issue.