Tag: KYC

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...

Fenergo and AWS team up to revolutionise financial institutions’ KYC and...

Fenergo, a leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring, and Client Lifecycle Management (CLM), has announced the availability of its software-as-a-service (SaaS) CLM solution on AWS Marketplace.

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. 

Navigating AI hype: Precision LLMs transforming risk management

In the rapidly evolving sectors of finance and governance, managing risk amidst vast, global networks of individuals and organizations is crucial. Leaders tasked with overseeing institutional risk exposure are increasingly looking towards innovative solutions to balance growth and risk management effectively. Enter Large Language Models (LLMs) like GPT-4 – the new frontier in AI, sparking a revolution in fields such as natural language processing (NLP). Despite the inherent risks associated with emerging technologies, the potential of LLMs to significantly contribute to future risk assessment products is becoming increasingly evident.

Onfido unveils compliance suite: Streamlining global identity verification

Onfido, a global pioneer in automated identity verification, has launched the Compliance Suite to address the pressing need for a unified identity verification solution.

UK tops global list for shell company risks, new Moody’s Analytics...

The United Kingdom has emerged as the global hotspot for shell company risks, according to the latest interactive research unveiled by Moody’s Analytics.

The future of KYC: Adapting to new challenges in the banking...

Fenergo's recent webinar, 'KYC, AML, & Onboarding in 2023 – Were Lessons Learned or Do Old Habits Die Hard?', brought together compliance experts to delve into findings from research on over 1100 executives from global banks. This study, encapsulated in the report 'KYC in 2023', reveals a significant 17% rise in the average cost of KYC (Know Your Customer) reviews, accompanied by an 11-day increase in their duration over the past year.

Revolutionising fincrime detection: Fenergo CLM & transaction monitoring’s unified approach

The journey of digital transformation has been a critical focus for financial institutions (FIs). While considerable progress has been made in digitising compliance and operational processes, a significant challenge remains: addressing Financial Crime comprehensively.

Accelerating KYC automation: Key insights from industry leaders

A recent roundtable discussion hosted by Encompass Corporation has offered valuable perspectives on the evolving KYC landscape.
OneID receives full certification for KYC and AML use cases

OneID receives full certification for KYC and AML use cases

OneID, the UK's leading digital identity service, has reached a new milestone in the field of Identity Verification for Know Your Customer (KYC) and Anti-Money Laundering (AML).

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