Tag: KYC

Capgemini has unveiled a pKYC sandbox, aimed at helping financial institutions adopt a real-time, continuous compliance framework. The new solution addresses the challenges associated with...

As financial crime grows more sophisticated and regulatory demands intensify, many organisations still rely on Excel to manage risk assessments. While familiar and flexible,...

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

Collecting taxpayer identification numbers (TINs) through Forms W-8 or W-9 is critical for compliance but often overlooked until it’s too late. To avoid future risks, firms should consider gathering this documentation early—ideally during onboarding—while carefully balancing user experience.

Feedzai, a fraud and financial crime prevention company specialising in AI-powered solutions for financial institutions, has acquired DemystData, a provider of data integration and...

With FinCEN’s final rule extending BSA obligations to RIAs and ERAs from January 1, 2026, the investment advisory landscape is entering a new era...

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.

Traditional KYC processes are increasingly struggling to keep pace with the demands of modern financial services. However, the rise of AI and ML is...

When criminal organisations generate illegal profits, they must clean or ‘launder’ the money before it can be safely used in the legitimate economy. This...

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.