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Dubai Banks Launch New KYC Data-Sharing Platform
Dubai International Financial Centre (DIFC), Mashreq Bank and fintech firm Norbloc have teamed up to launch the Middle East region’s first blockchain-based KYC data-sharing consortium. The joint venture, expected to go live in Q1 2020, is designed to facilitate faster, more secure onboarding and exchange of supporting documentation via advanced distributed technologies, including blockchain. Companies…
ComplyAdvantage Expands with New York and London Offices
ComplyAdvantage, a UK-based regtech firm that uses data science and machine learning to neutralize the risk of global financial crimes, has opened new offices in both London and New York to service the growing demand for modern compliance solutions. The firm has opened commercial offices in Covent Garden, London and in Bryant Park in New…
Swift to Connect KYC Registry with Regional Utilities
Swift, a global provider of secure financial messaging services, is reportedly in talks with regional KYC utilities regarding the potential connection of their solutions with its KYC Registry, an online portal set up in 2014 to manager and share KYC due diligence and information. Although the registry has until now been used only by financial…
KRM22 Launches Digital Client Onboarding Application
Risk management technology provider KRM22 has partnered with Veridate Financial Limited to add a digital onboarding service to its Global Risk Platform, helping customers to more effectively comply with KYC and AML requirements. The new solution is targeted at discretionary wealth managers, financial services administrators and regulated platform operators, offering an integrated Software-as-a-Service (SaaS) solution…
SIX Releases Marijuana Related Data Service
SIX has introduced a service covering over 30,000 securities connected with Marijuana Related Businesses (MRBs). The service reflects the changing legal landscape around marijuana. In the US, marijuana has been legalised in some states, but is criminal at federal level. As a result, in some states MRBs can raise money via capital markets, enabling investors…
Digging Deeper: FactSet KYC
Earlier this month, financial and software data specialist FactSet expanded its compliance capabilities with FactSet KYC, a cloud-based application aiming to assist clients to streamline their KYC and AML due diligence responsibilities. Combining robotic process automation with deep-dive data analytics, the launch marks a bid by the firm to break into a new customer segment…
Law Society Endorses Accuity AML Solutions
Accuity, a global provider of financial crime screening, payments and know your customer (KYC) solutions, has been endorsed by theLaw Society of England and Walesfor the provision of anti-money laundering (AML) solutions for the legal sector.Accuity was awarded the three-year endorsement and partnership contract for a fourth consecutive term, having worked with the Law Society…
Entity Data Management Handbook – Fifth Edition
Welcome to the fifth edition of A-Team Group’s Entity Data Management Handbook, sponsored for the fourth year running by entity data specialist Bureau van Dijk, a Moody’s Analytics Company. The past year has seen a crackdown on corporate responsibility for financial crime – with financial firms facing draconian fines for non-compliance and the very real…
Acuris Partners with SILO Compliance for AML Data Drive
Acuris Risk Intelligence, a provider of data intelligence around anti-money laundering, anti-corruption and cyber security, has joined forces with due diligence management specialist SILIO Compliance System to enhance data capabilities. The partnership will give SILO Compliance users access to the Acuris Risk Intelligence dataset KYC6, including fraud and cybersecurity content, through an online portal that…
Refinitiv Integrates UBO and Vessel Data onto Risk Intelligence Platform
Refinitiv has integrated ultimate beneficial ownership data (UBO) from Dun & Bradstreet and vessel data from IHS Markit Maritime and Trade onto World-Check One, its flagship risk intelligence solution. The move demonstrates the firm’s ongoing investment into KYC solutions following the recent shake-up of its KYC strategy, which saw Refinitiv withdraw its KYC-as-a-Service offering in…