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Wednesday, July 28, 2021
While the growing number of money laundering scandals have confirmed the need to protect businesses against fraud, many analysts simply rely on Google. Having surveyed 156 anti-money laundering (AML) and know your customer (KYC) professionals, RegTech company Arachnys has revealed that 85% used Google for their due diligence or risk […]
Onfido has been selected by Mode, a fintech app that allows users to trade bitcoin, to provide automated identity verification with document analysis and facial biometrics to ensure full compliance with KYC requirements and seamless user experience for European citizens using the service, the company announced. Mode is leveraging Onfido’s […]
With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who see it as an opportunity profit from it in unscrupulous […]
European Union banks will face higher hurdles in dealing with clients from countries including Saudi Arabia as the bloc moves to tighten controls on illicit financial flows. Panama and the U.S. Virgin Islands will also be put alongside Iran and North Korea on a new EU roll call of 23 […]
Half of consumers in Hong Kong are happy to let third-parties access their financial data so they can access more personalised banking services and higher returns, according to a study from Accenture. Accenture, a financial solution developer, conducted an online survey of 2,010 Hong Kong consumers late last year, with […]
From July next year if the name doesn’t match with the account and sort code the payment won’t go through. It’s taken too long to get to this point With a little luck 2019 will not be a happy new year for fraudsters. Pay UK, which maintains the UK’s payments systems, […]
-Facial Check with Video is the most sophisticated anti-spoofing technology on the market - It requires users to perform a series of randomised actions to gain access to online services - Improved fraud detection allows businesses to onboard at scale while minimizing risk 14th NOVEMBER, 2017, LONDON and SAN FRANCISCO: […]