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.
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.