Data Management Insight Entity Data, KYC and Client Onboarding The latest content from across the platform
SIX FinTech Ventures Takes Stake in PXL Vision
SIX FinTech Ventures has acquired a stake in PXL Vision, a Zurich-based start-up offering solutions for online user verification. The company’s Daego solution supports the automatic creation and administration of secure digital identities. It is designed to help companies avoid physical verification processes when onboarding customers, reduce costs and provide a positive experience. The company…
SimCorp Partners SIX on Sanctions Service
SimCorp and SIX have partnered to add the latter’s Sanctioned Securities Monitoring Service to the former’s Compliance Manager module of SimCorp Dimension. The aim is to give SimCorp users access to global sanctions data directly from SIX, allowing them to detect breaches against supported sanction regimes. The Sanctioned Securities Monitoring Service from SIX provides a…
Refinitiv Details Ongoing Commitment to KYC and Fighting Financial Crime
Refinitiv is back on track following its decision to withdraw its KYC as a Service offering with plans to focus on its World Check, Media Check, Extended Due Diligence and recent partnership with Trulioo on digital entity solutions to meet customer needs for Know your Customer (KYC), due diligence and third-party risk management. The company…
Fenergo Enters Taiwanese Market in Tie Up with TUNG-I
Fenergo has entered the Taiwanese market through a partnership with TUNG-I Information Services (TUNG-I), a provider of solutions powered by artificial intelligence (AI) in finance, information security, private cloud implementation and smart retail. As an exclusive client lifecycle management partner (CLM), Fenergo will provide TUNG-I’s current and prospective Taiwanese clients access to Know Your Customer…
Refinitiv Withdraws KYC as a Service Solution
Refinitiv is planning to withdraw its KYC as a Service offering, most likely late this year, once again raising questions around the viability of the utility model and following Bloomberg’s decision to pull out of the KYC market and withdraw its Entity Exchange KYC and client onboarding solution little more than a month ago. Refinitiv’s…
FSB Suggests Reducing Cost of LEIs in Response to Review Finding LEI Coverage too Low
The Financial Stability Board’s (FSB) latest review of the Legal Entity Identifier, a Thematic Review on Implementation of the Legal Entity Identifier (LEI), offers an ‘I said so’ to the sceptics, but also recommendations that should benefit firms using the LEI and encourage further take-up that will drive data standards, quality and accuracy across the…
Refinitiv Deploys Trulioo Digital Identity Verification Technology to Strengthen Fight Against Financial Crime
Refinitiv and Trulioo, a provider of digital identity verification technology, have partnered to offer access to digital identity solutions that could strengthen the fight against financial crime and foster financial inclusion. The partnership plans to deliver innovative solutions that will help financial institutions reduce fraud and financial crime by verifying billions of customers online while…
Why You Need to Take Tech Seriously When It Comes to KYC
By Wayne Johnson, CEO & co-founder, encompass corporation. At the heart of any strong Know Your Customer (KYC) or Anti-Money Laundering (AML) programme is data. The ability to access and analyse information in a methodical way that ensures customer records are complete, accurate and, crucially when it comes to AML, compliant with the latest requirements,…
Fenergo Offers Client Onboarding Efficiencies with API-based Digital Client Orchestration
Fenergo continues to innovate with Digital Client Orchestration, a suite of customer lifecycle management (CLM) tools the company claims can enable efficiencies of up to 82% in client onboarding. The solution uses APIs to allow Fenergo functionality to be plugged into any front, middle or back office system including customer relationship management applications, such as…
An Update on the LEI – Where Are we Now?
There are mixed views in our industry about the success of the Legal Entity Identifier (LEI) – questions about lapsed identifiers, comments on a slow rate of adoption, and calls for more regulatory mandates requiring use of the LEI. There are also some tremendous successes in countries such as India, which is not a member…