Reports

PassFort has a great network of partners, customers and experts in the fields of risk, compliance and financial crime whom we engage with regularly to contribute to the conversation. Check out the titles and download your copies today.
Contrasting the compliance experiences of victims of financial crime

Research Report

A Guide to KYC: Part 3 - Ongoing Review

In this final paper in our Guide to KYC series, we highlight six ways to keep your KYC risk policy alive and why that's important, including:

  • Meeting statutory obligations
  • Using data wisely
  • And continuous improvement.
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Contrasting the compliance experiences of victims of financial crime

Research Report

A Guide to KYC: Part 2 - Implementation

In this second paper in our Guide to KYC series, we highlight five areas of best practice to consider when implementing a KYC policy:

  • Check understanding
  • Cross-functional communication
  • Customer experience
  • The role of regulatory technology
  • Embracing change
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Contrasting the compliance experiences of victims of financial crime

Research Report

A Guide to KYC: Part 1 - Setup

In this paper, we look at KYC setup and how to create the right KYC policy for your business, its products and your customers. We also look at a risk-based approach to compliance and the role of regtech.

We discuss:

  • Establishing KYC for your business
  • Taking a Risk vs Rules based approach
  • Creating a risk policy
  • Onboarding and customer experience
  • The role of Regulatory Technology
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Contrasting the compliance experiences of victims of financial crime

Research Report

Contrasting the compliance experiences of victims of financial crime

We asked UK financial services consumers who'd had their card stopped because of suspected or actual fraud what their experience was like and how their provider handled it.

In this report we can share the data from this research, with statistics about:

  • How easy the process was
  • The level of service provided
  • The inconvenience caused
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KYC experience - driving customer loyalty, advocacy and new business

Research Report

KYC experience - driving customer loyalty, advocacy and new business

This research report surveyed 500 customers in the UK who had bought a financial product in the last 12 months.

You will find insights into the customer experience of KYC, including: 

  • 60% of consumers are more likely to buy more products if they have a positive KYC experience
  • Customers who felt they had a positive onboarding journey are less likely to switch or complain
  • And, 77% are more likely to recommend their provider
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A digest of the Kalifa Review - the future for UK FinTech

Report

A digest of the Kalifa Review - The future for UK FinTech

Get a digest of key proposals in the Kalifa Review in this report, created with the help of industry expert, Dr Ruth Wandhofer.

You will find information on 5 themes, along with why they are important to the future of UK FinTech.

  • Increasing UK IPOs
  • Talent acquisition and up-skilling
  • A new regulatory 'scale box'
  • A centre for finance innovation & technology
  • National coordination
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Corporate transparency act explained

Report

The corporate transparency act explained

US Congress has waded into the fight against money laundering, passing the Corporate Transparency Act. The legislation means US businesses have to file beneficial ownership information to the Financial Crime Enforcement Network or FinCEN making it harder for criminals to hide money in shell companies.

But what does the act mean for financial services firms in the US or with corporate clients in the US?

  • When will the act be part of business practice?
  • What needs to be filed and by whom?
  • How does it impact KYB and risk processes?

Meredith Beeston, FINTRAIL consultant, has helped us explain the Corporate Transparency Act.

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Resilience through digital transformation of KYC

Report

Build Resilience with KYC Transformation

PassFort spoke to Dan Rodrigues, consultant at Baringa Partners, about how to build resilience with KYC transformation programmes. You can drive customer loyalty, engaged employees and competitive advantage.

Get the report and find out more about:

  • How to engage people with your programme
  • Why thinking about the whole customer lifecycle is important
  • The benefit of iterating your digital processes
  • And the future of perpetual KYC
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Understanding the 6 money-laundering directive

Paper

What you need to know about 6MLD

Get your copy of this report to find out all you need to know about recent changes to anti-money laundering regulation.

You'll understand what came into scope with the 6th money laundering directive, and what you can do to ensure robust risk management (whether new regulations apply or not).

  • Create a culture of compliance
  • Focus on people, process and technology
  • Ongoing reviews in the fight against financial crime
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Device risk detection with PassFort and TransUnion

Paper

Prevent digital fraud in real time

Device Risk provides powerful device recognition technology and a unique device intelligence approach to disrupt fraudsters and fraud rings, without sacrificing the customer experience.

This is a speed read explaining how you can:

  • Stop fraud not genuine customers
  • Build trusted connections around data
  • Focus more precisely on areas of risk
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Uncover more about the leak of the FINCEN files

Report

Leaking of the FinCEN Files

In late September, news broke of a huge document leak which included more than 2,000 suspicious activity reports (SARs) filed to the financial crimes enforcement network or FinCEN.

The leak was unique - for the first time documents considered confidential by law h included in it.report created with FinCrime expert Josh Deeks of The Edmund Group tells you what was contained in the leakhe ICIJ's findings and shares why this is so significant to the financial services industry.

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Next gen KYC with facial recognition

Report

Next gen KYC with facial recognition

Facial recognition is taking off in a big way. People are now automatically opening their smartphone using their face as ID.

GBG has taken this facial recognition technology to develop the next gen of KYC checks - it's called GBG IDscan. Find out how it works and what the future looks like integrated with PassFort.

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Get KYC results with velocity

Report

Global ID checks for KYC with serious velocity

Different regions have different regulations. Different regulations call for different approaches to ID validation.

Charles Gaddy, the co-founder of GDC (Global Data Consortium), argues the best way to handle the requirements at pace is to validate identities digitally with a worldwide wealth of data sets brought together by experts.

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When it comes to onboarding, make sure it's friction-right

Report

Friction-right customer onboarding

Gavin Barker, TransUnion formerly iovation, shares detail on the recent spikes in financial crime fraud and risky customer behaviour.

Find out about a quick and simple way that device fraud detection can combat this with friction-right customer lifecycle processes like onboarding.

Get the report