The bank is rolling out a project using machine learning and natural-language processing for KYC and AML activities.
Anthony wonders whether capital markets firms are ready for the advent of deepfakes and how that relates to KYC issues.
Bureau Van Dijk's Compliance Catalyst has been rebuilt ahead of plans to move the platform to the cloud, as well as navigate the EU's fifth anti-money laundering directive.
The pace of technological and regulatory change is fast for KYC/AML compliance, and criminals are keeping pace.
The French bank plans to make its KYC offering available to external clients by the end of the year as it continues to enhance SG Markets.
The API was recently made available to all registry customers, with plans to offer a 'proactive API' next year to push new and updated data.
The new data sources integrated into World-Check One can assist banks in their AML/KYC processes and trade finance deals.
The firm is experimenting with the technology, which is slowly being rolled out at retail banks and big tech companies.
The vendor plans to use mobile data for KYC in Southeast Asia.
Despite technological advancements, the onboarding process is still a slog. Banks and vendors are trying to change that.
Bloomberg’s SSEOMS will dissolve by April 2021, which means its clients are on the prowl for alternatives.
Refinitiv's risk intelligence solutions utilize Trulioo's verification system and data hub to help institutions more efficiently meet KYC requirements.
Sources say that this will allow the information giant to focus on more valuable business lines.
Arachnys' Navigator solution will allow analysts to screen for negative news and find entity profile information for new clients.
The integrated offering will enable Nordic institutions to automate KYC and customer onboarding processes more effectively.
This year the bank will roll out a new platform that uses an event-driven architecture to automate workflows in transfer agency.
Turning traditional assets into digitally traded data is one of the most commonly cited benefits of emerging technology, including distributed ledgers. But the reality is that the process is far more difficult than it seems.
The working group has presented several new methods deploying data analytics specifically to combat money-laundering and terrorism financing activities.
The vendor soft launched the platform a couple of months ago and has seen a significant rise in use, owing to enhanced regulatory responsibilities.
Refinitiv has traditionally provided KYC services to regulated banks and asset managers.
Biometric identity verification and document authentication are the latest additions to the vendor's KYC offering.
After buying ThreatMetrix at the beginning of the year, LexisNexis explains the need for digital and physical identity oversight for KYC.
Clarke says his role will help expand the vendor's reach in "an open and interconnected regulatory landscape."
BitGo says the trust license lets it offer regulated and protected custody of crypto assets.