Fines totalling 937.7 million USD were issued across the world in the first half of 2021 for non-compliance with AML regulation. Does that mean that financial crime is under control; getting detected; and being reported? Or do these fines highlight that the issue of financial crime is continuing to grow and a new approach to AML is needed?
With rapid growth across the digital economy, automated KYC and AML processes for onboarding have taken off exponentially. Will that be enough to tackle these issues of fraud and financial crime? Hear from Donald Gillies and other experts in the Fintech Global webinar held on 29th March.
The UK government has been through a consultation process to shape a Digital Identity Framework. However, PassFort's research shows there is a lack of understanding about what it is and what it means to consumers. Besides that, how could it impact those already financial excluded or 'unbanked'?
In this episode of the PassFort podcast, Heather O'Gorman, Financial Crime lead for Thistle Initiatives, will unpack the premise of the digital identity framework, defining some of its potential impacts on the unbanked, and suggesting ways to resolve the two issues in a workable way.
Tune into this episode of the PassFort podcast for a conversation between Rob Stubbs, RegTech Associates, and Dr Christine Bailey, CMO PassFort.
They walk you through the findings of our recent consumer research project, which surveyed 500+ UK financial services customers who had been through a compliance process within the last 12 months.
Rob and Chris unpack subsequent attitudes towards institutions based on the KYC experience, and discuss how banks can turn "meh" moments into moments of customer delight.
Next up on the PassFort podcast is well known author and speaker on digital financial services, David Birch.
Biometrics are increasingly used in everyday technology to access phones and bank accounts, and to complete digital transactions. But, what next for biometrics in digital identification, especially as part of the KYC process?
David and our CEO, Donald, will dive into this topic in a few weeks time.
Recorded on 6 October, this episode of the PassFort Podcast features Craig Marston, CTO of Paytia. He was in conversation with our CRO, Ray Ryan, on how regulated businesses can better protect client data at the point of payment to prevent fraud.
It's a risk that is underestimated and Craig unveils why.
The latest episode of the PassFort podcast presents you with a digest of the Kalifa review featuring the brilliant Dr. Ruth Wandhöfer.
Ruth is a leader in UK financial services, and she is perfectly placed to provide commentary on the proposals in the report, which was published in February 2021.
In the podcast, Ruth breaks down what the proposals are, what they could mean for the UK Fintech industry, how they may be tackled, and what influence they could have on future growth.
The 6th anti-money laundering directive (6MLD) is approaching fast and comes hot on the heels of 5MLD. So, what does it say? What are the key differences being introduced? And what should compliance professionals be doing now to introduce a culture of compliance?
What are the essentials to know when it comes to PEPs, Sanctions and Adverse Media screening?
Find out in this podcast with Refinitiv WorldCheck One and PassFort.
See the latest in digital KYC checks with ID scanning and facial recognition technology from GBG integrated with PassFort.
Find out how IDscan can accelerate your digital customer onboarding journeys in a way customers are happy with.
David Thomas and Simon Vallis of GBG talk you through how this next generation ID verification solution works and how it balances compliance with great customer experience.