Know your customer (KYC) Stories - Page 2

Global Stories

Know your customer (KYC) stories

Merchants face internal fraud blind spot, report warns

Fewer than four in ten affected merchants are monitoring employee fraud, leaving seasonal hiring spikes to widen losses from chargebacks and refunds.

By Mark Tarre • 4 min read • Last week

Digital Transformation

Rain launches payments alliance for agentic commerce

Card networks and fintech groups are trying to set rules for AI-driven purchases before a projected USD $3 trillion market fragments.

By Karen Joy Bacudo • 4 min read • Last week

Human Capital Management

North Korean-linked fraud targets 1,100 remote jobs

Employers face a growing insider threat as suspected North Korean operatives used fake identities to land remote roles at more than 1,100 firms.

By Sofiah Nichole Salivio • 4 min read • Last week

Biometrics

Daon wins Frost & Sullivan recognition for biometric model

The award highlights rising pressure on identity vendors to stop fraud that now slips between login checks, account recovery and contact-centre calls.

By Joseph Gabriel Lagonsin • 3 min read • Last week

Fintech

Midnite launches Pay by Bank for instant UK payouts

UK bettors can now move funds in and out of Midnite in a few taps, as the operator adds instant bank payments through TrueLayer.

By Karen Joy Bacudo • 4 min read • Last week

Fintech

How poor watchlist data undermines sanctions screening accuracy

Poor-quality sanctions lists can swamp compliance teams with false alerts while letting real matches slip through, raising regulatory risk.

By Edmund Ng • 6 min read • Last week

Gaming

World Cup fraud shifts to verified accounts & withdrawals

Operators faced a 38% rise in suspicious withdrawals as World Cup fraud shifted from sign-ups to verified accounts, SEON said.

By Sean Mitchell • 4 min read • Last week

Software-as-a-Service

Yuno raises USD $45 million to expand global payments

The fresh capital will help Yuno widen its payments network, add products and edge closer to profitability as it scales worldwide.

By Karen Joy Bacudo • 4 min read • This month

Data Protection

Why AI governance is the key to unlocking APAC's compliance backlog

Backlogs, false positives and rising fines are pushing APAC compliance teams towards AI, but most firms still lack the skills to govern it safely.

By Bryan Keasberry • 5 min read • This month

Stories from Other Regions

Know your customer (KYC) stories

Crypto

BitGo Korea wins VASP approval for institutional custody

South Korean institutions gain a locally registered custody option as the regulator clears BitGo Korea to serve them under strict compliance rules.

By Karen Joy Bacudo • 4 min read • Last week

Data Analytics

Frost Bank lifts digital account openings with Blend

Digital onboarding now takes six to seven minutes at Frost Bank, as manual reviews dropped and customer acquisition improved.

By Karen Joy Bacudo • 4 min read • Last week

Fintech

Green Check expands compliance platform beyond cannabis

Banks and credit unions can now manage compliance for money services, gaming and other high-risk sectors in one system.

By Karen Joy Bacudo • 3 min read • Last week

Digital Transformation

DriveWealth & IOL launch digital private banking in Uruguay

Affluent Uruguayan investors can now access global markets through a single app, as IOL Privé combines advice, planning and trading.

By Karen Joy Bacudo • 3 min read • Last week

Fintech

Know your business (KYB) for UK firms

Relying on Companies House alone can leave UK firms exposed to hidden ownership, weak screening and regulatory scrutiny.

By Barley Laing • 5 min read • Last week

Fintech

Shinhan Asset Management eyes Korean won token fund offshore

The pilot will test whether Korean won fund interests can be distributed overseas without breaching local rules or investor controls.

By Karen Joy Bacudo • 4 min read • Last week

Fintech

Bitazza Thailand completes Travel Rule setup with Sumsub

Thailand's digital asset firms face tighter anti-money laundering checks as the Securities and Exchange Commission prepares to enforce the Travel Rule.

By Karen Joy Bacudo • 4 min read • Last week