With the world becoming ever more digitalised, the need for strong KYC and AML practices has never been more important. How do they differ internationally?
Digital access platform Mitek has released MiPass, a passwordless identity authentication solution to streamline access to digital accounts.
Fenergo, which offers KYC and client lifecycle management solutions, has released a new perpetual KYC solution to streamline periodic review processes.
India-based digital banking infrastructure Signzy has raised $26m in its Series B funding round.
iDenfy will provide P2P lending platform VIAINVEST with its global identity verification and fraud prevention services to support compliance processes.
With the rising level of money laundering regulations and fines, firms need to know what their requirements are. Electronic IDentification has released a report examining the AML Directives.
LexisNexis Risk Solutions will help Darlington Building Society onboard customers and bolster financial crime prevention and compliance screening.
The EU Digital Identity Wallet is an initiative under the European Commission and aims to create a unified digital identification system across Europe.
Identity verification platform FACEKI has reportedly closed its seed round on an undisclosed amount.
As the FinTech sector continues to grow, so does the prevalence and cost of fraud. As such, security remains one of the biggest challenges the sector is facing today. eID outlines the role KYC in onboarding new customers has to play.