Tag: KYC

Biometric facial recognition has become an increasingly important verification tool for customer onboarding and ongoing compliance.

The total number of digital identity apps in use will exceed 4.1 billion globally by 2027, nearly doubling from 2.3 billion in 2023. 

Fenergo, a KYC and CLM digital solutions provider, has partnered with Shieldpay to realise a CLM system and perpetual risk monitoring system.

Customer risk assessment is where the company assess which type of risk a potential customer poses, whether they are existing or new clients.

Alessa, a leading provider of Anti-Money Laundering and Fraud solutions, has appointed Jeff Woods as senior vice president of sales.

For those in the business of fighting financial crime, 2022 was a hectic and challenging year, with the war in Ukraine and new challenging financial crime trends being key threats.

The process of customer onboarding at its core is about understanding who you are doing business with and the risks associated. What are the best practices in this for FIs?

With the rise of new digital technologies that are disrupting the financial market, many industry participants are keen to learn more. What benefits does blockchain offer?

While ensuring strong KYC practices for companies has been a cornerstone of industry for many years now, the arrival of pKYC is changing the game. What is the difference between the two?

Digital images and selfies have been a staple for online verification for many years. However, Electronic IDentification has warned that they are no longer KYC/AML compliant.