Tag: PassFort

Open banking has brought about a wave of FinTech innovation that delivers more transparency and personalised products to customers. Yet, RegTech firm PassFort said there are still hurdles to overcome.

In a hyperconnected and digital world, the importance of KYC and AML in finance cannot be understated. For banking, what do these processes include?

Automating AML and KYC compliance checks in the insurance industry would help drive operational efficiency and better customer experiences, according to PassFort, a Moody Analytics company.

In a hyper-digital world, the need for customer due diligence has never been more imperative to the identity confirmation process.

OneBanx, a shared banking innovator, has chosen PassFort’s workflow solution to create a seamless onboarding experience for business customers.

In an age where more people are adopting a digital identity, the need to manage and contain risk is becoming more key than ever, claims PassFort. 

In a world where identities online are more fluid than ever, performing solid and sturdy customer due diligence (CDD) has become more important than before.

Managing risk through a customer’s lifecycle and solving compliance channels is becoming ever more important as more of the world moves into digital.

With the world becoming ever more connected and linked in an unlimited number of ways, money laundering is continuing to grow in presence and stature.

Technology and regulatory compliance can often seem unconnected to some. However, in a world where cryptocurrency continues to establish deeper roots in the mainstream, they are becoming more connected.