Tag: KYC

Ballerine, a leading player in the open-source risk decisioning platform arena, has announced a successful seed funding round.

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.

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

Smile Identity, a provider of identity verification in Africa, has acquired the parent company of Appruve, which helps firms use financial and identity data for detect fraud.

Digital onboarding solution developer Know Your Customer has announced two Singapore-based strategic clients, Volopay and Coda Payments.

Secure digital identity network ID.me has raised $132m in its Series D funding round and appointed Samantha Greenberg as its new chief financial officer.

While the use of KYC techniques has been commonplace in financial services for many years, the concept of pKYC is changing the industry.

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

Encompass Corporation, a provider of a KYC automation platform, has unveiled its perpetual KYC maturity model.