Tag: KYC

The US, UK, and EU each implement a "50 percent rule" within their sanctions frameworks, crucial for monitoring international financial activities.

SymphonyAI has unveiled a cutting-edge Entity Resolution system designed specifically for the financial sector.

pKYC, or proactive Know Your Customer, is an innovative approach that initiates real-time reviews as changes in a client's KYC profile are detected.

iDenfy, a Lithuania-based software provider, specializes in identity verification and fraud prevention. Established with a commitment to technological innovation, iDenfy recently announced its new...

Xapien, a pioneering AI due diligence provider, announced today its successful $10m Series A funding round, led by YFM Equity Partners.

As we move into the latter half of 2024, the landscape of international relations is increasingly fraught with challenges, from escalating global conflicts to...

Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.

In the dynamic world of finance, client onboarding challenges abound, driven by the need to balance enhanced customer experiences against stringent compliance requirements.

At the heart of financial transformations, CDI has emerged as an essential tool for banks to authenticate corporate entities efficiently and securely.

Developing KYC solutions from scratch presents significant initial hurdles, particularly during the scoping phase.