Identification/Background checks

Identification/Background checks

Navigating the intricacies of PEP Iientification in FinTech compliance

Navigating the intricacies of PEP identification in FinTech compliance

Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering...
How AI transforms KYC into a continuous compliance powerhouse

How AI transforms KYC into a continuous compliance powerhouse

In the dynamic landscape of anti-money laundering (AML) efforts, financial institutions are facing intensified scrutiny to stay a step ahead of increasingly sophisticated criminal tactics and rigorous regulatory demands.
Encompass Corporation welcomes Neil Acworth as new CISO

Encompass Corporation welcomes Neil Acworth as new CISO

Encompass Corporation, a pioneering force in the creation of real-time digital Know Your Customer (KYC) profiles for global banks, has recently appointed Neil Acworth...
Signicat acquires SmartWorks to bolster digital identity solutions in Iceland

Signicat acquires SmartWorks to bolster digital identity solutions in Iceland

Signicat, renowned as Europe's top digital identity solutions provider, has officially announced its acquisition of SmartWorks, a leader in digital identity and fraud prevention services in Iceland.

Singapore’s latest CRS e-Tax guide update: What SGFIs need to know

The Inland Revenue Authority of Singapore (IRAS) has released the third edition of the Common Reporting Standard (CRS) e-Tax Guide on January 12, 2024. The guide is instrumental for Singaporean Financial Institutions (SGFIs), outlining the nation's adoption of CRS, and providing crucial guidance on compliance obligations under the CRS framework.
The impact of global events on FinTech compliance and risk management

The impact of global events on FinTech compliance and risk management

In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities and individuals, underscores the necessity for FIs to adapt swiftly to remain compliant.
KONA I and IDEX Biometrics launch revolutionary biometric smart cards in Japan

KONA I and IDEX Biometrics launch revolutionary biometric smart cards in Japan

KONA I, a leader in smart card and technology platforms, has teamed up with IDEX Biometrics to bring a biometric smart card to Japan.  The...
Entrust's potential acquisition of Onfido to set new standards in identity verification

Entrust’s potential acquisition of Onfido to set new standards in identity verification

Entrust, a global pioneer in trusted payments, identities, and data protection, is in exclusive discussions to acquire Onfido, a leading provider of cloud-based, AI-powered identity verification (IDV) technology.
Plumery integrates Sumsub's KYC Suite into its platform

Plumery integrates Sumsub’s KYC Suite into its platform

Plumery, a pioneering force in mobile and digital banking technology has partnered with Sumsub, a globally recognized full-cycle verification platform. 
Incognia's location identity solutions garner $31m fundraise

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.

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