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It will then also enable financial institutions to redeploy compliance savings into strengthening anti-fraud efforts. In addition to fraud, regulatorycompliance is another major hurdle facing organisations. However, this is another area in which Digital Company ID can help.
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Once known for speed and disruption, Indonesia’s crypto industry is now facing its biggest reckoning: compliance or irrelevance. With OJK taking the regulatory reins and the Travel Rule now in force, crypto firms in Indonesia must evolve fast or risk falling behind in global markets, regulatory approval, and user trust.
To ensure it is able to address issues like regulatorycompliance, fraud prevention and user authentication, the firm has announced a new partnership with Salt Edge , the open banking solutions provider. A key part of delivering on that objective is full compliance with open banking regulations across the UK and EU markets.
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Sumsub, a global verification and compliance provider, announced its partnership with crypto exchange Binance to integrate its Travel Rule solutio n through the Global Travel Rule (GTR) Alliance. Binance, which has been a client of Sumsub since 2021, aims to bolster its international compliance efforts through this alliance.
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From a Press Release dated June 3, 2025, New York, New York ThetaRay , a global leader in cognitive AI compliance for financial crime, and Spayce , a next-generation cross-border payments platform, have announced a strategic partnership to address evolving financial crime threats and enhance the security of international payments.
New Innovative Payments Association guide designed to help financial institutions that work with fintechs navigate the complex world of regulatorycompliance. “At IPA, we believe regulatorycompliance should not hinder innovation. . “At IPA, we believe regulatorycompliance should not hinder innovation.
Built around documentation verification and static data checks, these processes are essential for regulatorycompliance. For example, a user with a long-standing email address linked to multiple online services and social profiles is far less likely to be a fraudster than one with a recently created, untraceable account.
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This approach addresses the complexities of establishing financial relationships within Luxembourg’s conservative market and provides clients with an alternative to banks. We look forward to leveraging our robust architecture and regulatorycompliance to help our clients navigate Luxembourg’s stringent banking industry.”
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