Know your customer (KYC) stories - Page 7

Easy Crypto becomes the first exchange to disclose fraud refunds totalling $2.7M, stressing security as about 50% of Aussies & Kiwis show crypto interest.

AI-driven cybercrime surges in Australia and NZ, warns Trend Micro; thousands of attacks detected, leveraging AI to breach security defences.

Cybersecurity firm Acronis has identified a staggering 293% increase in email cyberattacks during the first half of 2024 compared to 2023.

Appdome has bolstered its Geo-Fraud Detection service with Geo-Location Fencing and Geo Desync Attack Detection to better protect mobile apps from location-based fraud.

TanX has hit a quarterly trading volume of USD $1 billion, marking a 70% rise and underscoring the growing reliance on decentralized trading platforms.

ReliaQuest's latest report reveals cybercriminals are exploiting ChatGPT and other AI tools to create near-perfect phishing emails, achieving a 2.8% success rate.

LexisNexis Risk Solutions debuts its first Australian cloud hosting facility, enhancing local risk orchestration services with advanced compliance solutions.

Encompass appoints Andrew Dunn as VP of Engineering, tasked with leading the strategic delivery of its CDI platform to enhance global banking solutions.

First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.

First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.

Research by Encompass Corporation reveals that 87% of corporate treasurers in the UK and US abandon banking applications due to outdated onboarding processes.

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.

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.

Specialist in compliance technology, Encompass Corporation, earns 'One to Watch' status from Chartis Research's FCC50 list, highlighting performance in battling financial crime.

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.

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.

Mobile app security firm Appdome introduces Geo Compliance feature set to fight mobile fraud and aid brands in verifying user location.

Financial technology provider Computer Age Management Services (CAMS) secures an expansive contract from Oriental Insurance Company.

Encompass Corporation acquires CoorpID and Blacksmith KYC from ING, in a strategic move to establish a revolutionary Corporate Digital Identity platform.

Encompass Corporation's dynamic Know Your Customer (KYC) process automation platform earns them a place in the 2024 RegTech100 list.