As sanctions against Russia ramp up in response to the military conflict in Ukraine, firms must ensure they comply with the rules quickly and efficiently.
Challenger banks and neobanks have arguably led the way with convenient, customer-friendly onboarding. So, how can innovation in the Know Your Customer space help firms stand out in a busy marketplace?
The start of a new year, a change from winter to spring, and new beginnings for PassFort as a Moody’s Analytics company. So, let’s take a look back over Q1 and how things have developed.
Financial services businesses face a balancing act every day when it comes to risk. There is the risk of onboarding someone who is going to use your company to launder money, but you can't let caution stop you transacting. So, how can financial institutions reduce risk at the customer onboarding stage?
Modern slavery and money laundering are interlinked because one person's exploitation leads to another person's financial gain. This blog explores what modern slavery entails, how that's linked to money-laundering, and what financial institutions can do in the fight to prevent it happening.
Excited to bring news that Nvayo, part of the PMA Media Group of companies, will be using PassFort's KYC workflow solution to onboard and monitor customers worldwide.
Cryptocurrencies have increasingly become mainstream. Despite that, until recently the world of crypto has been largely unregulated and it's been down to individual providers to take the lead in terms of KYC good conduct. So, what's changing around crypto and compliance?
Know Your Customer processes are carried out to verify a customer's identity before they are given access to a financial product that could be used for money laundering. But what are the seven best practices for performing KYC and managing risk? Let's take a look.
Beyond a general gap in understanding of what the digital identity framework is and how it will work are the impacts it could have on those already unbanked or financially excluded. Could the digital identity framework further compound a divide between the haves and have nots?
Why is AML important? Well, it’s not because you might get a whopping fine for non-compliance (well, not all about that anyway). Here's a cautionary tale featuring Fowler Oldfield and why AML compliance counts.
Automated KYC is changing compliance, bringing efficiency to manual processes, higher security standards and better customer experiences to online financial services. Find out how automated KYC is a boon for providers and customers in an increasingly contactless digital economy.