Financial Firms Leverage Smart Tech for Modernized KYC/KYB Onboarding
Financial institutions are increasingly turning to advanced technology to modernize their client onboarding processes, balancing regulatory demands with customer expectations. Effective Know Your Client (KYC) and Know Your Business (KYB) procedures are fundamental for complying with anti-money laundering (AML) and counter-terrorist financing (CTF) rules, assessing risk, and preventing fraud. While onboarding individuals (B2C) often emphasizes […]
AI Revolutionizes KYC Compliance, Offering Speed, Accuracy, and Strategic Value
Traditional Know Your Customer (KYC) processes are falling behind in today’s fast-moving financial landscape. Manual compliance procedures have long dominated the industry, but they are increasingly seen as inefficient, costly, and error-prone. Now, artificial intelligence (AI) and machine learning (ML) are transforming how financial institutions manage KYC and anti-money laundering (AML) responsibilities. KYC reviews for […]
2025: The Tipping Point for AI-Powered Regulatory Compliance?
Financial institutions are increasingly viewing regulatory compliance not just as a cost, but as a potential competitive edge, with 2025 shaping up as a pivotal year for the adoption of AI-powered automation. While manual processes struggle under the weight of evolving AML and KYC mandates, the RegTech industry is offering sophisticated solutions. Experts believe that […]
b-next’s CMC:eSuite Streamlines Regulatory Compliance for European Financial Firms
In the face of an increasingly complex financial regulatory landscape, European companies are turning to innovative solutions like b-next’s CMC:eSuite to ensure compliance while maintaining operational efficiency. This platform, trusted by regulators across the European Union, is designed to simplify the often-burdensome process of adhering to stringent rules. b-next has positioned itself as a key […]
Unleashing the Power of News Data: A Catalyst for Business Success
In today’s dynamic world, news data has emerged as a strategic asset, transforming industries and driving informed decision-making. From compliance and media to finance and business intelligence, organizations are increasingly leveraging the power of real-time news to gain a competitive edge. For compliance officers, accurate and timely news is essential for staying abreast of regulatory […]
German WealthTech Investments Plummet in 2024 Amidst Economic Uncertainty
The German WealthTech sector has experienced a dramatic downturn in 2024, with investment figures revealing a significant pullback from the highs of previous years. A stark decrease in both deal volume and total funding underscores the growing caution among investors in the face of economic uncertainties and evolving regulatory landscapes. According to recent data, the […]
Mesh Payments and ALTOUR Partner to Streamline Corporate Travel and Expense Management
Mesh Payments, a leading travel and expense (T&E) management platform, has announced a strategic partnership with ALTOUR to offer enterprises a seamless, technology-driven solution for managing corporate travel and expenses. This collaboration integrates ALTOUR’s industry-leading travel management services with Mesh’s automated expense platform, aiming to enhance efficiency, cost control, and the overall traveller experience. The […]
Fintech Landscape Shifts: Monument Bank Eyes Nasdaq, Stripe’s Valuation Soars, and Regulatory Changes Loom
The fintech sector is buzzing with activity, from ambitious IPO plans to significant acquisitions and potential regulatory overhauls. Monument Bank, a UK challenger, has reportedly set its sights on a 2027 Nasdaq listing, aiming to raise £200 million in a Series C funding round. Having already secured £30 million, the bank is building on its […]
ESG Commitments Increasingly Influence E-Commerce Merchant Choices
New research commissioned by global payments platform Ecommpay reveals that over 60 percent of e-commerce merchants would “definitely” select a payment provider based on their commitment to environmental, social, and governance (ESG) principles. Additionally, 38 percent indicated they “might” prioritize ESG in their decision, leaving only 2 percent of merchants who view these factors as […]
Fintech in 2024: Navigating Challenges and Embracing Opportunities
The year 2024 presented a mix of challenges and opportunities for the fintech industry, marked by cautious investment trends and evolving priorities. According to KPMG’s Pulse of Fintech, global investment in the sector dropped to $51.9 billion in the first half of the year, the lowest six-month total since 2020. This decline reflects investor wariness […]
