RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
Anglo-Gulf Trade Bank Chooses Fenergo for CLM Solution
The world’s first digital trade finance bank, Anglo-Gulf Trade Bank (AGTB), based in the UAE, has chosen Fenergo to deploy its CLM platform. Fenergo will enable AGTB to meet its strategic objective to disrupt the trade finance market with a cloud-based, digital-first and client-centric model leveraging emerging technologies such as data analytics and API connectivity….
Refinitiv Focuses the Financial Crime Fight Against War Criminals
Refinitiv is taking the financial crime fight to the source, partnering with investigative and policy team The Sentry to access open-source data on African war criminals for its World-Check dataset. Co-founded by George Clooney and a strategic partner of the Clooney Foundation for Justice, The Sentry uses open-source data collection, field research, and state-of-the-art network data…
Curve Partners with Passfort on New KYB Solution
Know Your Business (KYB) is one of the buzzwords in the AML space right now and we’re seeing increasing levels of activity as solutions providers seek to develop effective automated methods of assisting clients with their onboarding needs. This week heralds the newest of these partnerships, as card consolidation platform Curve signs up with CLM…
Covid Proof: The Future of Onboarding High-Net-Worth Clients
By Hugo Chamberlain, COO, smartKYC. The future of high-net-worth client onboarding has arrived – and it is one well suited for our post-COVID world. Automated and paperless, it enables wealth managers to accelerate acquisition, fully comply with the most stringent KYC regulations and deliver a frictionless start to the beginning of the client relationship. In…
Fenergo Automates Client Onboarding Systems for Mizuho Americas
Mizuho Americas has deployed Fenergo client lifecycle management (CLM) software to automate Know Your Customer (KYC) and Anti-Money Laundering (AML) regulatory processes, digitalise workflows and accelerate client onboarding. The Fenergo implementation replaces manual processes and provides Mizuho Americas with a single, comprehensive view of customers across all business lines. Mizuho Americas’ parent, Mizuho Financial Group,…
SmartStream Reveals New Brand Identity
SmartStream Technologies, the financial Transaction Lifecycle Management solutions provider, has launched a new corporate brand identity, including an updated logo and website. The new logo includes the infinity symbol, selected to demonstrate the continual evolution of the business, in line with the rapid pace of industry change. CEO Haytham Kaddoura said: “We are proud of…
NICE Actimize Offers Advanced Facial Recognition Through FACEPOINT
NICE Actimize today announced that FACEPOINT, which provides a biometric risk screening engine offering facial recognition technology for advanced KYC and watch list risk screening, has joined its X-Sight Marketplace. FACEPOINT uses facial recognition to disambiguate potential matches, reduce false positive rates and identify emerging threats such as those posed by unnamed persons of interest…
Global Financial Institution Fines for AML, Data Privacy and MiFID Rise 26%
CLM specialist Fenergo has released its annual findings on global financial institution fines which show that for the year to date, penalties have totalled $10.4 billion for non-compliance with AML, KYC, data privacy and MiFID regulations. The total volume of fines levied to financial institutions for these breaches was 198, a year-on-year increase of 141%….
Know Your Customer Partners with Refinitiv on AML/KYC Solution
RegTech provider Know Your Customer has confirmed a new partnership with Refinitiv, to integrate Refinitiv’s World-Check risk intelligence data into its own client onboarding solutions. The partnership will enable clients to leverage both Refinitiv’s and Know Your Customer’s solutions through one integrated interface. Compliance professionals will now be able to access Refinitiv’s world-leading financial crime…
To Buy or Build: Four Considerations for CIOs
By: Niall Twomey, CTO, Fenergo. Before embarking on a CLM (Client Lifecycle Management) digital transformation program, most financial institutions (FI) are faced with the ‘buy versus build’ conundrum; to buy something from a third-party vendor or completely build something internally. There are several factors that need to be considered in this decision making process including…