Tag: Identity verification
GBG partners with Detected to tackle global KYB challenges with new...
In a significant move to enhance Know Your Business (KYB) processes, GBG, a leader in global identity and location, has launched GBG Detected.
This end-to-end...
IDnow unveils InstantSign and eID eSign
IDnow, a prominent provider of identity verification platforms in Europe, has recently expanded its product offering by introducing two innovative e-signature solutions, InstantSign and eID eSign.
How the ECCTA is reshaping costs for UK financial institutions
In October 2023, the UK implemented the Economic Crime and Corporate Transparency Act (ECCTA), setting stringent identity verification (IDV) mandates for shareholders, directors, and...
Navigating KYC and KYB: Essential strategies for regulatory compliance in FinTech
In the realm of FinTech, understanding the nuances between Know Your Customer (KYC) and Know Your Business (KYB) is essential for businesses navigating the complexities of regulatory compliance and risk management. Both KYC and KYB processes are foundational in building trust and ensuring financial integrity within companies.
The intersection of KYB and AML: A guide to business identity...
Know Your Business (KYB) and Anti-Money Laundering (AML) are critical parts of the compliance ecosystem, but how aligned are they? FullCircl, a SaaS platform renowned for eliminating regulatory and verification hurdles, recently delved into the role of KYB in the AML process.
Navigating the future with KYC Portal CLM: Transforming risk management in...
In the swiftly evolving FinTech sector, risk management professionals are constantly seeking advanced solutions to handle the complexities of their field. The surge in...
Trulioo and Nium elevate UK payment experience with rapid compliance enhancements
Trulioo, an industry-leading identity platform known for its global coverage and comprehensive verification for individuals and businesses, has joined forces with Nium, a pioneer in real-time cross-border payment services.
IDfy secures $27m in funding to revolutionise identity verification across Asia
IDfy, an innovative player in the identity verification space, has recently announced a significant financial boost, raising $27m in a recent investment round.
EQ Bank and Trulioo revolutionise digital onboarding with strategic partnership
EQ Bank, a leader in digital banking, has forged a strategic partnership with Trulioo, an industry-leading identity verification platform.
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.
