Tag: KYB

Payment fraud remains one of the most persistent threats to financial institutions and payment platforms in 2025. According to Resistant AI, earlier this year, Cash...

Environmental, social and governance (ESG) factors are moving from the periphery to the core of Know Your Business (KYB) processes as regulators and stakeholders demand more transparency and accountability. For compliance teams, the focus is shifting beyond ownership structures and financial crime risk to incorporate ESG as a central pillar in client onboarding and monitoring.

Financial institutions have long prioritised improving compliance and enhancing customer experience when onboarding individual clients, a process known widely as KYC (Know Your Customer). According...

LEI Worldwide, a provider of LEI solutions, has announced a strategic partnership with The Open Working Group (OWG), a collective initiative focused on redefining...

Sumsub has strengthened its fraud prevention platform by integrating advanced device intelligence from Fingerprint, aiming to stop identity fraud before it begins.

SmartSearch has announced a strategic partnership with Daon to enhance identity verification through the SmartDoc platform. The collaboration aims to strengthen customer onboarding processes for...

Onboarding is no longer just a gateway to customer acquisition—it’s a critical reflection of a company’s values and operational efficiency. Customers and vendors now...

Persona, a verified identity platform based in San Francisco, has raised $200m in Series D funding, pushing its valuation to $2bn.

Client onboarding is a critical first step in understanding who financial institutions are doing business with and assessing potential risks. This know your client (KYC) process helps firms meet anti-money laundering (AML), counter-terrorist financing (CTF), and broader compliance requirements, while also preventing fraud.

Money laundering remains a significant threat to financial systems worldwide, not only as a crime in itself but also as a key enabler of serious criminal activities such as drug trafficking, human smuggling, and terrorism. Consequently, it is critical for all businesses handling substantial sums of money to implement robust AML procedures.