Tagged: know your customer

June 29, 2022 @ 8:14 pm By Omar Faridi  |  

CanDeal Group, an operator of Canadian market and infrastructure services, has teamed up with five of Canada’s biggest local banks “to deliver a comprehensive, centralized Know Your Client (KYC) solution to the Capital Markets Industry.” The collaboration mutualizes many of the costs and efforts of… Read More

June 5, 2022 @ 4:54 pm By Omar Faridi  |  

The team at Alloy, which specializes in identity verification APIs that make KYC/AML “effective and simple,” has looked into how DeFi has evolved into a “major” sector of crypto without running KYC or AML checks on users. The Alloy team members have looked at “Permissioned… Read More

May 18, 2022 @ 7:48 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC) and client lifecycle management (CLM), recently announced the launch of FinCrime Risk. This application programming interface (API)-first software as a service (SaaS) solution will “allow financial institutions to centralize and automate risk assessment processes… Read More

March 22, 2022 @ 12:25 am By Omar Faridi  |  

  Cryptocurrency-based lending has emerged as an important trend in the decentralized finance (DeFi) market. However, it faces certain challenges relating to Know Your Customer (KYC) considerations, risk management and risk pricing. This, according to a report from Huobi, which noted that these challenges can… Read More

March 15, 2022 @ 11:10 am By Omar Faridi  |  

Encompass Corporation, the provider of “intelligently” automated Know Your Customer (KYC) solutions, recently confirmed the completion of a £25 million raise. Perennial Partners, an Australian investment management firm, reportedly served as the lead investor, and was joined by financial services focused principal investing company, Serendipity… Read More

January 23, 2022 @ 10:03 pm By Omar Faridi  |  

CIMB Philippines recently revealed that it has teamed up with Zoloz, an e-KYC tech provider, in order to enhance its virtual banking services. The banking institution will reportedly use Zoloz’s digital KYC solution for supporting secure and seamless customer onboarding as well as an improved… Read More

December 17, 2021 @ 1:59 pm By Omar Faridi  |  

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury that collects and analyzes information about financial transactions to combat money laundering, terrorist financing, and other financial crimes, is issuing a request for information (RFI) “seeking comments on ways to… Read More

September 29, 2021 @ 10:59 pm By Omar Faridi  |  

Veriff, an international ID verification provider, is teaming up with SimpliFi, a Cards as a Service (CaaS) platform for the MENA region and Pakistan, in order to protect SimpliFi clients from identity fraud within their “instant” card issuance programs. Through their partnership, Veriff will be… Read More

September 27, 2021 @ 10:34 pm By Omar Faridi  |  

Encompass Corporation, the provider of intelligently automated Know Your Customer (KYC) solutions, reveals that it has appointed industry professional Howard Dilworth as the firm’s Head of Sales for its North America business operations. As first reported by Finextra, Howard brings over two decades of financial… Read More

August 31, 2021 @ 2:58 pm By Omar Faridi  |  

Banking credit information provider CRIF reveals that it has entered an international commercial partnership with Regtech firm Know Your Customer – which is supported by a strategic investment into the company. An international firm headquartered in Bologna, Italy, CRIF focuses on offering credit bureau and… Read More

May 12, 2021 @ 11:17 pm By Omar Faridi  |  

London-based Napier, a provider of anti-financial crime compliance solutions, has revealed that it will be offering ClearBank, the Cloud-powered clearing bank, with its Transaction Screening system. As a purpose-built, tech-enabled clearing bank, ClearBank provides Cloud-based banking services to financial service providers, FCA-regulated companies and Fintech… Read More

April 5, 2021 @ 11:53 pm By Omar Faridi  |  

Uppsala Security, a provider of tools for Crypto AML, Risk Management, Regulatory Compliance, and Cybersecurity, has revealed they’ve entered into a contract to create a ‘Virtual Asset AML’ solution for the Coin&Coin exchange that “complies with the amendment of the Special Money Act in South… Read More

February 19, 2021 @ 5:49 pm By Omar Faridi  |  

Accuity and LexisNexis Risk Solutions have confirmed that they’re planning to merge their business operations. Accuity will reportedly become a part of the LexisNexis Risk Solutions Group which currently operates in over 100 different countries. Both companies are a part of RELX, a multinational provider… Read More

February 18, 2021 @ 8:09 pm By Omar Faridi  |  

Blockchain platforms Qtum and Blockpass have teamed up in order to deliver on-chain (or blockchain-based) Know-Your-Customer (KYC) services. As part of the agreement, Qtum will be providing subsidies to “specific” members looking to achieve regulatory compliance through Blockpass’s On-chain KYC solutions. Adam Vaziri, CEO at… Read More

December 15, 2020 @ 10:46 pm By Omar Faridi  |  

Nice Actimize, a NICE company (Nasdaq: NICE) business offering autonomous financial crime management solutions, has revealed that FACEPOINT, which introduced a biometric risk screening engine, has now joined the X-Sight Marketplace, bringing its facial recognition tech for Know-Your-Customer (KYC) and watch list risk screening to… Read More

October 28, 2020 @ 8:51 pm By Omar Faridi  |  

We recently connected with Daniel Polotsky, CEO at CoinFlip, a leading Bitcoin ATM operator in the US. Polotsky talked about how his company has grown since it was launched back in 2014. He also discussed CoinFlip‘s plans for next year while explaning how the company… Read More

October 25, 2020 @ 10:28 pm By Omar Faridi  |  

Joe Robinson, Co-Founder and CEO at Hummingbird, a modern platform for anti-money laundering (AML) that makes investigations “agile and intelligent,” says that it took some time before traditional banks began to view Fintech firms as legitimate business partners that could help them with their digital… Read More

September 7, 2020 @ 10:00 pm By Omar Faridi  |  

Kokila Alagh, Founder of KARM Legal and a member of the MENA Fintech board, recently shared the latest updates from the Middle East region, including the United Arab Emirates (UAE) with Crowdfund Insider. Alagh works closely with the Arab Monetary Fund (AMF), the Dubai International… Read More

September 7, 2020 @ 12:25 pm By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its clients already know, since April 2020, the lender had suspended its “economic activity.”… Read More

August 31, 2020 @ 8:03 am By Omar Faridi  |  

Digital challengers such as neobanks and various other Fintech service providers are beginning to transform many traditional business activities through the digitalization of many different services that previously required laborious manual processes (like accounting). Customer or user experience (UX) has become a key differentiator when… Read More