Tag: KYC

Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $1.25m for deficiencies in its background checks.

Based on client requests, KYC Portal has integrated its platform with the data provisioning services of Acuris Risk Intelligence. The integration is automated using the APIs available by both tools. By using the API of KYC Portal to push and pull data requests from the API of Acuris Risk Intelligence, it allows for further automation in the process flows of KYCP.

KYC and AML have received a lot of RegTech focus, but conduct risk needs to receive more attention, according to Dilip Mohapatra, founder at Cognitive View.

Berbix, an online identity verification platform, has closed a $2.5m seed round to support further partnerships within the market.

Data protection company BigID has raised up to $50m in a new funding round.

FactSet, a provider of software and data solutions to investment firms, has released a new cloud-based KYC solution.

Lloyds Banking Group has improved its digital identification and authentication capabilities through new partnership with Callsign.

Jumio has deployed its digital identity services to Brazilian investment bank BTG Pactual to automate onboarding processes.

Ipsidy, an identity-as-a-service provider, has released a web-browser interface which lets enterprises quickly implement the biometric identify solution.

Six Nordic banks have come together in a new joint venture, establishing a new KYC company.