Know your customer (KYC) stories - Page 8

Encompass Corporation appoints Nynke Postma, founder of Blacksmith KYC, as Head of Business Development for Asia and the Middle East to boost CDI product value.

First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.

Research by Encompass Corporation reveals that 87% of corporate treasurers in the UK and US abandon banking applications due to outdated onboarding processes.

Report reveals increase in fraud cases amongst banks, with money laundering, account takeovers, and AI-generated threats posing significant risks.

In a strategic move, TrustQuay Viewpoint appoints industry veteran, Guy Harrison, as CEO to enhance global development and facilitate the digital transformation in the TCSP sector.

Innovate Finance, City of London Corporation, and Encompass Corporation launch a RegTech Platform to expedite fintech initiatives, provide guidance to RegTech providers, and address sector challenges.

Neil Acworth steps into the role of Chief Information Security Officer at Encompass Corporation, bolstering the firm's commitment to delivering robust, data-centred financial security measures.

London's Finkr consultancy launches today, pledging to transform the fintech sector with its forward-thinking strategy and advanced tech solutions.

Specialist in compliance technology, Encompass Corporation, earns 'One to Watch' status from Chartis Research's FCC50 list, highlighting performance in battling financial crime.

UK government's wait and see approach to AI regulation sparks criticism among lawmakers over lack of urgency despite AI's existential threat warnings.

Mobile app security firm Appdome introduces Geo Compliance feature set to fight mobile fraud and aid brands in verifying user location.

Financial technology provider Computer Age Management Services (CAMS) secures an expansive contract from Oriental Insurance Company.

Bank of England Governor, Andrew Bailey, defies cynicism surrounding AI, predicting AI's potential for job creation and efficiency over elimination in the UK economy.

Encompass Corporation acquires CoorpID and Blacksmith KYC from ING, in a strategic move to establish a revolutionary Corporate Digital Identity platform.

Encompass Corporation's dynamic Know Your Customer (KYC) process automation platform earns them a place in the 2024 RegTech100 list.

North Korea's state-sponsored cyberattacks are amassing billions in stolen cryptocurrency, funding up to half of the nation's missile program.

IDVerse teams up with Mastercard Engage for seamless, all-inclusive digital identity verification utilising generative AI technology.

iDenfy and Lithuanian cryptocurrency exchange platform, CocaBit, collaborate to enhance crypto trading experiences through AI-powered ID verification.

IDVerse has joined forces with Conga to boost revenue lifecycle management by refining client onboarding and security.

Encompass Corporation earns a spot on the prestigious RiskTech100 list by Chartis Research, reflecting its industry impact.