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.
DLT providers are obliged to satisfy nine principles and pay an annual fee to comply with the regulatory framework.
The London-based exchange is partnering with Custom House for AML/KYC verifications on cryptocurrency exchange participants.
Senior industry figures say it may be too soon to create financial products based on cryptocurrencies.
Entity data pro Mark Davies leaves Avox and Thomson Reuters for an unannounced new project.
LLoyd brings regulation and sales experience to help Encompass expand its customer base across global markets and reduce KYC regulatory demands.
Expert panel struck a positive tone on the future of crypto assets and indicated that it was only a matter time until regulation caught up with the digital age.
Blockbid signs LexisNexis Risk and ThreatMetrix to combat fraud.
Pinn will bring his expertise of KYC, financial crime and risk intelligence to the cryptocurrency arena.
Encompass’ recent deal with Wanda Credit Service will provide clients with access to information for assessing customer risk that has traditionally been a challenge to obtain in China.
The collaboration will be geared toward developing services that employ both AI and ML techniques to spot fraud, while helping banks with their development roadmaps.
Users will have access to news and corporate data from Nikkei MM for KYC and AML compliance, and the ability to monitor their exposure to entities or individuals linked to the Yakuza.
Local regulators encourage use of technology to streamline KYC and regulatory compliance.
Know your client (KYC) is now more important than ever. With regulatory compliance remaining onerous, capital market firms need to be heavily dependent on the collection, processing and management of client and counterparty data, documentation and…
Hong Kong, China, Singapore and Japan driving demand for automated KYC solutions.
Banks, looking for ways to cut costs and meet regulatory pressures, are increasingly turning to collaborative projects like utilities.
The two firms will integrate their platforms to help automate the identification of gaps in customer information.