In this second paper in our Guide to KYC series, we highlight five areas of best practice to consider when implementing a KYC policy:
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 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:
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:
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.
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?
Meredith Beeston, FINTRAIL consultant, has helped us explain the Corporate Transparency Act.
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:
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).
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:
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.
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.
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.
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.