Know your customer (KYC) stories - Page 9
Video: 10 Minute IT Jams - An update from Incode Technologies
Tue, 2nd Aug 2022
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digital transformation
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biometrics
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iam
Jonathan Andresen joins us today to discuss the identification and authentication solutions offered by Incode.
Corpay announces new collaboration with Triterras
Fri, 1st Jul 2022
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fintech
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martech
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commerce systems
Corpay and fintech firm Triterras have announced a new collaboration between Corpay's Cross-Border business and Triterras Inc.
A look at the rewards and risks of open banking - report
Tue, 10th May 2022
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fintech
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e-commerce
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cloud services
RiskBusiness says its report on open banking finds that while it holds much potential, financial services firms need to ensure they have robust, risk processes.
Chartis names SAS a Leader in anti-money laundering
Fri, 1st Apr 2022
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supply chain
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risk & compliance
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ai
Chartis has named SAS a category leader in trade-based anti-money laundering (TBAML) for its broad end-to-end automation and deep risk analytics capabilities.
Elevate Security appoints Kevin Senator as CRO
Fri, 18th Mar 2022
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risk & compliance
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cybersecurity
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cloud services
Elevate Security appoints Kevin Senator as CRO, Harris Schwartz as Field CISO, and Brian Duckering as VP of Marketing to drive growth and sales.
DeFi blockchain ecosystem powered by facial recognition becomes Aus first
Fri, 21st Jan 2022
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surveillance
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biometrics
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blockchain
BAXE, IDEMIA, and Haventec have partnered to launch a decentralised blockchain ecosystem using facial authentication for identity verification in Australia.
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Jumio to acquire 4Stop in mission to redefine end-to-end security
Fri, 10th Dec 2021
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encryption
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risk & compliance
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cybersecurity
Jumio is set to acquire data marketplace 4Stop, allowing organisations to manage customer identity within a single platform.
Australian FIs are seeking more robust crime management solutions, report finds
Wed, 24th Nov 2021
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cybersecurity
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it management
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financial institutions
Nearly all Australian financial institutions (FIs) plan to replace in-house financial crime management solutions within three years, says IDC.
Swarm Markets and Yoti make crypto more accessible
Mon, 13th Sep 2021
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uc
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crypto
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blockchain
Swarm Markets and Yoti are teaming up to offer crypto vouchers for verified users, providing a gateway to secure and regulated DeFi.
Manual processes leave financial orgs open to risk, study shows
Thu, 26th Aug 2021
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supply chain
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risk & compliance
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digitisation
Two-thirds of banks, corporations and NBFIs are still using search engines for trade compliance, risking red flags and missed opportunities, says Accuity.
Failed payments costing Asia Pacific organisations more than $41b every year - Accuity report
Wed, 21st Jul 2021
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martech
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commerce systems
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payment technologies
Failed payments are costing the global economy over US$118.5 billion, with organisations losing customers as a result.
$118.5 billion lost in fees due to failed payments in 2020
Wed, 14th Jul 2021
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fintech
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martech
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commerce systems
Banks spent on average approximately $360,000 in 2020 on failed payments, whereas the average corporate firm spent just over $200,000.
Global spending on financial crime compliance accelerates
Fri, 11th Jun 2021
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risk & compliance
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financial institutions
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lexisnexis
Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.
Identity in the age of eKYC & digital onboarding journeys
Wed, 31st Mar 2021
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open source
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onboarding
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online verification
Organisations are increasingly using digital identity verification and biometrics to streamline the onboarding process and enhance customer experience.
FrankieOne to build Westpac's BaaS identity infrastructure
Tue, 30th Mar 2021
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fintech
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westpac
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identity
Melbourne-based FrankieOne will build Westpac's identity infrastructure for its new BaaS platform, set to launch in mid-2021.
APAC financial firms bite down as crime compliance costs rise
Mon, 29th Mar 2021
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fintech
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risk & compliance
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financial institutions
The total projected cost of financial crime compliance within Asia Pacific firms reached US$12.06 billion, according to a new report.
Asia Pacific FSIs pay $5.1 billion for breaching AML & data privacy
Fri, 5th Feb 2021
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data privacy
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financial institutions
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aml
Financial institutions in Asia Pacific accumulate over $10.6bn in penalties for non-compliance with regulations, says Fenergo.
Ping Identity launches new verification service to reduce fraud
Wed, 3rd Feb 2021
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iam
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passwordless
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cybersecurity
Ping Identity launches PingOne Verify, a cloud service that simplifies customer onboarding and reduces fraud. It uses facial recognition and ID validation.
Blockpass and Chainlink team up to deliver new solution to blockchain ecosystem
Tue, 5th Jan 2021
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blockchain
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blockpass
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chainlink
Blockpass has partnered with Chainlink to provide on-chain KYC data across multiple blockchains, offering secure identity verification services.
Oracle rolls out anti-money laundering services for banks
Tue, 3rd Nov 2020
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hcm
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supply chain
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cybersecurity
Oracle Financial Crime and Compliance Management Cloud Services is an application suite designed for mid-sized banks and smaller financial institutions.