Know your customer (KYC) Stories - Page 29

Global Stories

Know your customer (KYC) stories

Chartis names SAS a Leader in anti-money laundering

Chartis has named SAS a category leader in trade-based anti-money laundering (TBAML) for its broad end-to-end automation and deep risk analytics capabilities.

By Zach Thompson • 4 min read • Fri, 1st Apr 2022

Risk & Compliance

Elevate Security appoints Kevin Senator as CRO

Elevate Security appoints Kevin Senator as CRO, Harris Schwartz as Field CISO, and Brian Duckering as VP of Marketing to drive growth and sales.

By Zach Thompson • 2 min read • Fri, 18th Mar 2022

Surveillance

DeFi blockchain ecosystem powered by facial recognition becomes Aus first

BAXE, IDEMIA, and Haventec have partnered to launch a decentralised blockchain ecosystem using facial authentication for identity verification in Australia. .

By Catherine Knowles • 3 min read • Fri, 21st Jan 2022

Encryption

Jumio to acquire 4Stop in mission to redefine end-to-end security

Jumio is set to acquire data marketplace 4Stop, allowing organisations to manage customer identity within a single platform.

By Catherine Knowles • 3 min read • Fri, 10th Dec 2021

Unified Communications

Swarm Markets and Yoti make crypto more accessible

Swarm Markets and Yoti are teaming up to offer crypto vouchers for verified users, providing a gateway to secure and regulated DeFi.

By Catherine Knowles • 3 min read • Mon, 13th Sep 2021

Supply Chain

Manual processes leave financial orgs open to risk, study shows

Two-thirds of banks, corporations and NBFIs are still using search engines for trade compliance, risking red flags and missed opportunities, says Accuity.

By Catherine Knowles • 3 min read • Thu, 26th Aug 2021

Marketing Technologies

Failed payments costing Asia Pacific organisations more than $41b every year - Accuity report

Failed payments are costing the global economy over US$118.5 billion, with organisations losing customers as a result.

By Staff Writer • 3 min read • Wed, 21st Jul 2021

Fintech

$118.5 billion lost in fees due to failed payments in 2020

Banks spent on average approximately $360,000 in 2020 on failed payments, whereas the average corporate firm spent just over $200,000.

By Staff Writer • 3 min read • Wed, 14th Jul 2021

Risk & Compliance

Global spending on financial crime compliance accelerates

Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.

By Shannon Williams • 3 min read • Fri, 11th Jun 2021

Open source

Identity in the age of eKYC & digital onboarding journeys

Organisations are increasingly using digital identity verification and biometrics to streamline the onboarding process and enhance customer experience.

By Sara Barker • 4 min read • Wed, 31st Mar 2021

Fintech

APAC financial firms bite down as crime compliance costs rise

The total projected cost of financial crime compliance within Asia Pacific firms reached US$12.06 billion, according to a new report.

By Staff Writer • 2 min read • Mon, 29th Mar 2021

Encryption

Cryptography orchestration reimagined for the enterprise

Unbound has announced its new CORE platform, a next-generation solution offering that delivers comprehensive cryptography orchestration for enterprises.

By Nick Forrester • 5 min read • Wed, 10th Mar 2021

Data Privacy

Asia Pacific FSIs pay $5.1 billion for breaching AML & data privacy

Financial institutions in Asia Pacific accumulate over $10.6bn in penalties for non-compliance with regulations, says Fenergo.

By Staff Writer • 2 min read • Fri, 5th Feb 2021

Identity and Access Management

Ping Identity launches new verification service to reduce fraud

Ping Identity launches PingOne Verify, a cloud service that simplifies customer onboarding and reduces fraud. It uses facial recognition and ID validation.

By Catherine Knowles • 3 min read • Wed, 3rd Feb 2021