Know your customer (KYC) stories - Page 3
Report reveals 76% of banks face sophisticated fraud threats
Fri, 10th May 2024
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biometrics
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email security
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scams
Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.
TrustQuay Viewpoint announces Guy Harrison as new CEO
Thu, 9th May 2024
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saas
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digital transformation
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risk & compliance
In a strategic move, TrustQuay Viewpoint appoints industry veteran, Guy Harrison, as CEO to enhance global development and facilitate the digital transformation in the TCSP sector.
Innovate Finance collaborates to speed up RegTech industry initiatives
Mon, 15th Apr 2024
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fintech
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collaboration
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digital initiatives
Innovate Finance, City of London Corporation, and Encompass Corporation launch a RegTech Platform to expedite fintech initiatives, provide guidance to RegTech providers, and address sector challenges.
Autonom8 launches advanced vKYC platform for Telcos & Banks in India
Wed, 3rd Apr 2024
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genai
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ai
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hyperautomation
Autonom8 unveils a GenAI-backed vKYC platform for India's telecommunications and banking sectors, promising advanced customer compliance onboarding with robust fraud detection.
Encompass appoints Neil Acworth as new Chief Information Security Officer
Wed, 27th Mar 2024
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risk & compliance
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cloud services
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cto
Neil Acworth steps into the role of Chief Information Security Officer at Encompass Corporation, bolstering the firm's commitment to delivering robust, data-centred financial security measures.
Finkr launches to revolutionise fintech sector with visionary strategies
Fri, 22nd Mar 2024
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fintech
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payment technologies
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strategy
London's Finkr consultancy launches today, pledging to transform the fintech sector with its forward-thinking strategy and advanced tech solutions.
Encompass Corporation named 'One to Watch' in FCC50 list by Chartis Research
Tue, 19th Mar 2024
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edutech
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digital transformation
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risk & compliance
Specialist in compliance technology, Encompass Corporation, earns 'One to Watch' status from Chartis Research's FCC50 list, highlighting performance in battling financial crime.
Australia introduces Scam Safe Accord to combat AUD $3.1bn scam crisis
Thu, 14th Mar 2024
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blockchain
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email security
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ai
Australia’s banking sector unveiled the Scam Safe Accord, a comprehensive plan that includes advanced tech tactics to combat an AUD $3.1 billion scam crisis that surged by 253% over two years.
Dvara Money & Jana SFB partnership to boost digital banking in Bharat
Wed, 6th Mar 2024
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fintech
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transactions
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banking
Dvara Money's tech-savvy union with Jana Small Finance Bank promises to propel digital banking in Bharat, optimising customer experiences through an integrated UPI solution.
NextGen's digital services speed up home loan approvals in Australia
Wed, 21st Feb 2024
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fintech
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aml
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brokers
NextGen's digital lending technology, specifically its Verification of Identity service, NextGenID, boosts home loan approval efficiency, reducing approval times by 25% on the ApplyOnline platform.
UK govt's 'wait & see' approach to AI regulation sparks row
Tue, 20th Feb 2024
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advanced persistent threat protection
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ai
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cyber threats
UK government's wait and see approach to AI regulation sparks criticism among lawmakers over lack of urgency despite AI's existential threat warnings.
Appdome bolsters mobile fraud fight with Geo Compliance feature set
Mon, 19th Feb 2024
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smartphones
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risk & compliance
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personal computing devices
Mobile app security firm Appdome introduces Geo Compliance feature set to fight mobile fraud and aid brands in verifying user location.
CAMS enters insurance sector with major Oriental Insurance mandate
Wed, 7th Feb 2024
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surveillance
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ai models
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insurance
Financial technology provider Computer Age Management Services (CAMS) secures an expansive contract from Oriental Insurance Company.
Bank of England Governor refutes AI job loss fears
Wed, 7th Feb 2024
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ai
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productivity
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employment
Bank of England Governor, Andrew Bailey, defies cynicism surrounding AI, predicting AI's potential for job creation and efficiency over elimination in the UK economy.
Encompass acquires CoorpID & Blacksmith KYC for digital identity goal
Wed, 17th Jan 2024
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risk & compliance
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m&a
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encompass
Encompass Corporation acquires CoorpID and Blacksmith KYC from ING, in a strategic move to establish a revolutionary Corporate Digital Identity platform.
Encompass Corporation honoured as leader on RegTech100 list
Mon, 11th Dec 2023
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cx
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martech
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risk & compliance
Encompass Corporation's dynamic Know Your Customer (KYC) process automation platform earns them a place in the 2024 RegTech100 list.
North Korea's illicit cryptocurrency theft fuels weapons program
Wed, 6th Dec 2023
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blockchain
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partner programmes
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physical security
North Korea's state-sponsored cyberattacks are amassing billions in stolen cryptocurrency, funding up to half of the nation's missile program.
ADVANCE.AI bags ASEAN Fintech Award at Global Fintech Awards
Tue, 28th Nov 2023
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risk & compliance
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monetary authority of singapore
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deepfakes
ADVANCE.AI, a Southeast Asian digital ID and risk management provider, has won the ASEAN Fintech Award at the Global Fintech Awards.
IDVerse joins Mastercard Engage for digital ID verification solutions
Mon, 13th Nov 2023
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genai
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ai
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cloud services
IDVerse teams up with Mastercard Engage for seamless, all-inclusive digital identity verification utilising generative AI technology.
iDenfy teams up with CocaBit to ensure swift onboarding of crypto users
Mon, 30th Oct 2023
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blockchain
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ai
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collaboration
iDenfy and Lithuanian cryptocurrency exchange platform, CocaBit, collaborate to enhance crypto trading experiences through AI-powered ID verification.