Know your customer (KYC) stories - Page 2

Crypto exchange WazirX is integrating Fireblocks technology to tighten custody, access and transaction controls for its 16m users.

APAC banks face heavy manual compliance workloads as poor data quality and legacy systems stall AI adoption, survey respondents warn.

Australian banks report the region’s worst compliance screening disruption, as ageing systems and manual workloads strain checks and onboarding.

Kani deepens its tie-up with TransactPay, adding Data-as-a-Service to streamline global payments data as the issuer ramps up scale.

Singapore and Shenzhen launch a blockchain-based data validation trial, starting with cross-border checks on business owners’ credit reports.

AI compliance firm ThetaRay names ex-Symphony chief Brad Levy as CEO, tasking him with scaling its Cognitive AI platform globally.

Betsson adopts Group-IB’s real-time fraud tech to counter rising account takeovers, bonus abuse and payment scams across its platforms.

PEXA launches PEXA Clear AML tool for Australian property sector, ahead of new AUSTRAC Tranche 2 rules starting 1 July 2026.

SEON posts over 80% ARR growth, boosts API usage 250% and secures USD $80 million Series C to scale AI-powered fraud and AML platform.

BioCatch warns AI shopping agents will turbocharge online fraud, urging banks and retailers to distinguish helpful bots from criminal misuse.

Hayo upgrades its national mobile registry to spot SIM swaps in milliseconds and track stolen devices, targeting governments and operators.

Select ID becomes UK’s only dedicated identity orchestration network with DIATF status and ISO 27001, boosting reusable digital IDs for finance.

Fourthline wins Celent Luminary status plus top tech awards for its AI-driven KYC identity verification platform used by leading fintechs.

Credas and DezrezLegal complete first live home move using a reusable digital compliance wallet to cut repeated ID checks in conveyancing.

Zama predicts privacy-first compliance tools and quantum-safe cryptography will become standard for regulated onchain finance by 2026.

AI-powered ‘Truman Show’ scam uses OPCOPRO app and fake trading rooms in official stores to steal cash and victims’ digital identities.

Outdated, inaccurate and duplicate records are crippling data-driven decisions, but simple verification and cleansing tools can reverse the damage.

Credit card fraud now has the UK’s highest repeat-offending rate, with 23% of perpetrators striking again as schemes grow more organised.

iProov and HYPR integrate liveness checks with passwordless login to stop deepfake workers infiltrating enterprises at onboarding.

A leading fraud expert says the FCA’s new Firm Checker will boost transparency but leave sophisticated social engineering scams largely untouched.