Essential KYC strategies to protect your business and customers
Understanding the intricacies of KYC practices is paramount for financial institutions aiming to mitigate risks and ensure compliance.
Redefining customer lifecycle management with KYC Portal’s innovative features
In the rapidly evolving sectors of finance and professional services, Client Lifecycle Management (CLM) plays a critical role in ensuring compliance and managing risk. Traditional CLM systems, however, often fall short in the face of expanding customer demographics, complex regulatory landscapes, and the growing demands of global compliance standards.
Spektr exits stealth with €5m seed funding to revolutionise compliance automation
Spektr, a pioneering company in the compliance technology sector, has officially emerged from stealth mode, heralding a new era in ongoing due diligence.
Enhancing onboarding: The strategic edge in bank customer due diligence
In the competitive landscape of banking, customer onboarding emerges as a pivotal phase, with customer due diligence standing at its core. When managed poorly, the onboarding process can deter potential clients, causing banks to miss out on new revenue streams. Conversely, hasty or inaccurate due diligence could lead to the acquisition of customers who pose commercial and reputational risks, potentially incurring hefty regulatory fines.
SDK.finance and ComplyAdvantage partner to revolutionise KYC compliance
SDK.finance, a distinguished FinTech solutions provider, has proudly announced its integration with ComplyAdvantage, the forefront leader in financial crime intelligence.
This partnership signifies a transformative...
Incognia’s location identity solutions garner $31m fundraise
Incognia, a pioneering force in the realm of location identity solutions, has successfully concluded a $31m Series B financing round.
TrueLayer’s Signup+ revolutionizes Tiger Brokers’ onboarding process
Online trading platform, Tiger Brokers UK has embarked on a transformative partnership with TrueLayer, Europe's leading open banking payments network.
Fenergo partners with Generali Investments to counteract advanced money laundering techniques
Generali Investments Holding, a powerhouse in the world of asset management with over €504bn assets under management (AUM), has chosen to partner with Fenergo, the industry leader in digital solutions for Know Your Customer (KYC), Transaction Monitoring, and Client Lifecycle Management (CLM).
Is the overtake of KYC by pKYC inevitable?
KYC practices have been long used in the financial sector. However, with fraud and financial crime more prevalent than ever, is perpetual KYC the evident next step?
Unravelling the hidden costs of inefficient KYC in financial institutions
In a recent post by RegTech firm Encompass Corporation, it provided an outline of why the cost of inefficient KYC practices can be higher than expected.