Know your customer (KYC) stories - Page 8

Jumio has announced the record-breaking close to a successful 2022 in which the company became the first identity company to clear over $200M in bookings.

Driven by nation-state threats, market competition and internal threats, many companies will face an increased risk of losing valuable intellectual property.

Technology advancements are continuously reshaping not only the way we work but how organisations fundamentally operate across nearly every industry.

The survey of banks, insurers and non-bank financial institutions aims to better understand financial institutions' commitment to financial transparency.

Anti-money laundering software firm First AML has named Sam Halse as its new COO to lead global growth operations, including product development.

Jonathan Andresen joins us today to discuss the identification and authentication solutions offered by Incode.

Corpay and fintech firm Triterras have announced a new collaboration between Corpay's Cross-Border business and Triterras Inc.

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 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, Harris Schwartz as Field CISO, and Brian Duckering as VP of Marketing to drive growth and sales.

GBG Group has acquired Cloudcheck, a leading provider of electronic Identity Verification and Anti-Money Laundering solutions in New Zealand.

BAXE, IDEMIA, and Haventec have partnered to launch a decentralised blockchain ecosystem using facial authentication for identity verification in Australia. .

Jumio is set to acquire data marketplace 4Stop, allowing organisations to manage customer identity within a single platform.

Swarm Markets and Yoti are teaming up to offer crypto vouchers for verified users, providing a gateway to secure and regulated DeFi.

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 are costing the global economy over US$118.5 billion, with organisations losing customers as a result.

Banks spent on average approximately $360,000 in 2020 on failed payments, whereas the average corporate firm spent just over $200,000.

Huawei to showcase its solar range at the Sustainable Energy Conference in New Zealand, aiming to reduce energy consumption for a low-carbon world.

Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.

Organisations are increasingly using digital identity verification and biometrics to streamline the onboarding process and enhance customer experience.