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Know your customer (KYC) Stories - Page 24

UK Stories

Know your customer (KYC) stories

Continuous screening vital to detect 75% more money mules
EduTech

Continuous screening vital to detect 75% more money mules

A study by Synectics reveals that 75% of money mules remain undetected without continuous KYC and AML screening, presenting a major threat to banks.

By Shannon Williams • 3 min read • Fri, 8th Nov 2024

Global Stories

Know your customer (KYC) stories

Most organisations eye digital banks as KYC frustrations grow
Customer Experience

Most organisations eye digital banks as KYC frustrations grow

85% of organisations eye digital-first banking as traditional banks' slow KYC processes cause financial losses, says new Encompass Corporation survey.

By Sean Mitchell • 2 min read • Tue, 29th Apr 2025
ABBYY launches Document AI API as IDP market surges
Enterprise Content Management

ABBYY launches Document AI API as IDP market surges

ABBYY unveils Document AI API, a developer-friendly tool to convert unstructured business documents into accurate data, boosting automation in workflows.

By Kaleah Salmon • 3 min read • Thu, 17th Apr 2025
Fivecast's platform revolutionises financial crime detection
Data Analytics

Fivecast's platform revolutionises financial crime detection

Fivecast has launched a groundbreaking AI-driven platform to bolster financial crime investigations, aiding institutions in meeting stringent AML compliance demands.

By Shannon Williams • 3 min read • Wed, 2nd Apr 2025
Kore.ai launches AI platform for enterprise workflow automation
Artificial Intelligence

Kore.ai launches AI platform for enterprise workflow automation

Kore.ai has unveiled AI for Process, a no-code platform designed to revolutionise enterprise workflow automation and optimise decision-making.

By Sean Mitchell • 3 min read • Mon, 24th Feb 2025
To build or to buy? Tackling KYC complexities in client onboarding
Digital Transformation

To build or to buy? Tackling KYC complexities in client onboarding

In an era where speed and efficiency are paramount, banks must decide between building custom KYC systems or investing in advanced SaaS solutions to enhance client onboarding.

By Howard Wimpory • 7 min read • Wed, 19th Feb 2025
EC360 platform launches to revolutionise banking KYC
Digital Transformation

EC360 platform launches to revolutionise banking KYC

Encompass has unveiled its EC360 platform to revolutionise corporate client verification in banking, addressing outdated processes amid rising competition.

By Melania Watson • 3 min read • Tue, 4th Feb 2025
Ondo Finance launches tokenised US Treasuries on XRP Ledger
Blockchain

Ondo Finance launches tokenised US Treasuries on XRP Ledger

Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.

By Melania Watson • 3 min read • Wed, 29th Jan 2025
Credas sees 40% customer growth, plans 2025 expansion
Fintech

Credas sees 40% customer growth, plans 2025 expansion

Credas Technologies in Cardiff has seen a remarkable 40% surge in its customer base, surpassing financial targets by 60% as it prepares for international growth.

By Kaleah Salmon • 2 min read • Thu, 23rd Jan 2025
Microblink reports strong 2024 growth in ID verification sector
Fintech

Microblink reports strong 2024 growth in ID verification sector

Microblink has reported robust growth in 2024, buoyed by rising demand for its identity verification solutions and expanded integration on Google Cloud.

By Imee Dequito • 4 min read • Tue, 21st Jan 2025
Global spend on KYC systems to hit USD $22bn by 2029
Risk & Compliance

Global spend on KYC systems to hit USD $22bn by 2029

A study by Juniper Research forecasts that global non-financial businesses will spend USD $22 billion on KYC/KYB systems by 2029, marking a 140% increase.

By Kaleah Salmon • 2 min read • Tue, 26th Nov 2024
Identity fraud in Europe surges by 150%, deepfakes on the rise
Crypto

Identity fraud in Europe surges by 150%, deepfakes on the rise

Identity fraud in Europe has surged by 150% year-on-year, with deepfake use escalating sharply and businesses reporting widespread challenges.

By Catherine Knowles • 3 min read • Wed, 20th Nov 2024
Veriam unveils platform to simplify organisational management
Software-as-a-Service

Veriam unveils platform to simplify organisational management

Veriam has unveiled a groundbreaking platform that seamlessly integrates identity management, access control, and subscription services to simplify business operations.

By Sean Mitchell • 2 min read • Wed, 20th Nov 2024

Stories from Other Regions

Know your customer (KYC) stories

Adyen & Eats365 partner to streamline F&B payments
Marketing Technologies

Adyen & Eats365 partner to streamline F&B payments

Adyen has teamed up with Eats365 to launch a streamlined payment solution for food and beverage businesses globally, enhancing operational efficiency.

By Sean Mitchell • 2 min read • Thu, 20th Feb 2025
AvePoint establishes AI Lab in Singapore for global R&D
Software-as-a-Service

AvePoint establishes AI Lab in Singapore for global R&D

AvePoint has unveiled an AI Lab in Singapore, partnering with the EDB to spearhead AI research and develop solutions for global industry challenges.

By Sean Mitchell • 3 min read • Wed, 6th Nov 2024
Asian banks face rising crime threat due to low AI use
Digital Transformation

Asian banks face rising crime threat due to low AI use

A report reveals that over 50% of financial institutions in Asia are failing to adopt AI for anti-money laundering, risking exposure to financial crime.

By Melania Watson • 3 min read • Tue, 29th Oct 2024
New Zealand gears up for Recycling Week 2024 events
Clean technologies

New Zealand gears up for Recycling Week 2024 events

Recycling Week 2024 in New Zealand, set for 21-27 October, aims to boost waste management awareness and minimise waste across communities and businesses.

By Sean Mitchell • 2 min read • Wed, 16th Oct 2024