RegTech Insight Financial Crime, KYC & AML The latest content from across the platform
SmartSearch Works Towards Client Integration
UK-based AML platform SmartSearch, which claims to be the only organisation in the UK with the ability to verify individuals and companies on a single platform via a browser or AP with full Sanction, PEP and adverse media screening, is working towards an integration-based model rather than use as a standalone system – and today…
Encompass Corporation and IHS Markit Partner to Chop KYC Time by a Third
IHS Markit has integrated a new KYC automation solution from London-based encompass corporation into its KYC Services offering, in a bid to reduce manual processes and drive efficiency. Using encompass, IHS Markit has fully automated the collection of critical KYC data from the public domain, including global corporate registries, regulatory listings and exchanges. As the regulatory…
Beam Raises Seed Funding for New Compliance Venture
Former Facebook and Paypal executives including Ben Duranske, former Facebook Chief Compliance Officer, have raised $9 million in Series A funding for Beam Solutions, a transaction monitoring platform designed to tackle financial crime and money laundering. The funding round was led by Greycroft Ventures and Canaan, while other investors included Broadhaven, Conversion Capital, Plug and…
Refinitiv Partners with Liquid Inc for KYC in Japan
Refinitiv has announced a new partnership with Japan’s Liquid, Inc. to streamline the electronic Know Your Customer (eKYC) process for the Japanese market. The agreement will combine the screening capabilities of Refinitiv’s World-Check One solution with Liquid Inc’s biometric authentication service, LIQUID eKYC, to help financial services providers improve their customer on-boarding and transaction capabilities. Liquid, Inc. will incorporate the risk screening…
Heliocor Partners with LAN2LAN on KYC/AML
Heliocor, an emerging regulatory technology company based in London, has announced a partnership agreement with UK-based LAN2LAN for professional services and implementation of its AML/KYC offerings. The agreement will enable Heliocor to take advantage of LAN2LAN’s network infrastructure design and implementation skills to implement its fraud reducing products. LAN2LAN offer support across a broad spectrum…
Solving the KYC & AML Challenge for Cryptocurrencies, Tokens & ICOs
The cryptocurrency market is at an inflection point. It has gained substantial momentum from early investors (private & retail), day traders and prop shops but it has so far failed to get substantive engagement from wider institutional players. The crypto marketplace today is a mix of exchange and OTC-traded activity with little of the market…
RegTech Insight Awards 2019 – Shortlist Announced!
The nominations for the 2019 RegTech Insight Awards are now closed, and we are delighted to announce this year’s shortlist. Well done to everybody that entered, and sincere thanks to our advisory board for taking such painstaking care in evaluating the record number of entries we received this year. Now in their third year, The…
FCA Highlights Key Concerns over MAR Compliance
Effective compliance with the Market Abuse Regime (MAR) is “a state of mind” that requires a series of complex situational judgements – and time pressures could cause potential problems, warned Julia Hoggett, Director of Market Oversight at the UK’s Financial Conduct Authority (FCA). This raises a number of key concerns around compliance which demand urgent…
KYC Global Launches World’s First Risk-Based Customer Screening Solution
KYC identification specialist KYC Global Technologies has launched a new batch screening tool for customer identification, which it claims to be the first in the world to offer a 3D risk-based approach. In addition to customising how the searching of a customer’s name and meta-data should be carried out according to the customer’s risk profile,…
Fenergo Launches New Rules-as-a-Service Solution
Client lifecycle management software provider Fenergo has launched a new cloud-based Rules-as-a-Service solution to futureproof financial instititions against evolving regulatory requirements. The plug and play solution will enable financial institutions to integrate Fenergo’s current regulatory rules capabilities into their existing digital platforms. A recent study by Fenergo suggests that the improvement of data and document…