PYMNTS

FEBRUARY 7, 2019

Randy Fields, chairman and CEO of ReposiTrak parent company Park City Group , said this legislation exemplifies the difficulties of supply chain compliance in the food sector, and demonstrates the limitations of technology in automating compliance and due diligence. regulations, even if a vendor is not in the U.S.

Compliance 65

Compliance Due Diligence Audit Blockchain 65

PYMNTS

APRIL 21, 2020

Ripple announced on Tuesday (April 21) that it is filing a lawsuit against YouTube , alleging that the popular video platform isn’t doing its due diligence to identify and remove crypto-related scams, according to a company blog post. The scams often impersonate legitimate companies and have fake social media accounts.

Scams 96

Scams Due Diligence Cybersecurity Digital Currency 96

PYMNTS

MARCH 22, 2019

USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence. Blockchain applications like smart contracts can help transactions to be completed faster and more efficiently.

Blockchain 65

Blockchain Finance Risk Assessment Due Diligence 65

Payments Source

APRIL 3, 2018

The cryptocurrency and blockchain related failure rate is comparable to other technology startup categories and manageable with the right due diligence, writes Cahill Puil, founder of the consultancy Byte Media Group.

Due Diligence 63

Due Diligence Consulting Cryptocurrency Blockchain 63

PYMNTS

OCTOBER 13, 2016

Madhu explained that there are two segments of KYC — customer due diligence and enhanced due diligence. Customer due diligence covers the steps a business must take to identify and verify a consumer that is interacting with them digitally.

Compliance 76

Compliance Due Diligence Money Laundering Procedures 76

Segpay

NOVEMBER 26, 2024

This process, known as Customer Due Diligence/Know Your Customer (CDD/KYC) is a regulatory requirement aimed at the detection and prevention of money laundering (AML), fraud and other illegal activities. Enhanced Due Diligence (EDD), ongoing transaction monitoring of existing customers, is also an important part of the entire process.

Verification 111

Verification Identity Theft Money Laundering Due Diligence 111

The Fintech Times

FEBRUARY 12, 2024

The actions taken by the FSRA address failures (to the extent applicable in each case) to: follow due diligence procedures as required by the Regulations; keep records of the performance of due diligence; report required information in a complete and accurate manner; and/or submit the required annual information return.

Distributed Ledger Technology (DLT) 59

Distributed Ledger Technology (DLT) Due Diligence Innovation Procedures 59

PYMNTS

NOVEMBER 28, 2017

A new firm is opening a marketplace for accredited investors to trade equity stakes into blockchain startups. According to a Bloomberg news report, BnkToTheFuture plans to open a market in the second quarter, using a blockchain ledger to keep a record of investments for clients.

Blockchain 40

Blockchain Accreditation Due Diligence Returns 40

PYMNTS

JANUARY 23, 2019

22) a five-year agreement with blockchain company R3 allowing the financial institution to access an unlimited number of licenses from the Corda Enterprise platform. The agreement signals a significant push within blockchain for ING. ING Bank announced Tuesday (Jan. In another statement, R3 CEO David E.

Due Diligence 51

Due Diligence Blockchain Money Laundering Agreements 51

The Fintech Times

AUGUST 31, 2024

.” Unlocking new opportunities Krisanth Sivarajh, core contributor at RACE Krisanth Sivarajh , core contributor at RACE, a company offering an ecosystem for asset transactions on blockchain, sees great potential in partnerships that streamline processes such as asset onboarding and capital table management.

Due Diligence 118

Due Diligence Innovation Automation Correspondent 118

The Fintech Times

MAY 10, 2024

Revolut’s risk monitoring tools work to prevent account takeovers, while trusted custodians are selected after a carefully conducted due diligence process. Technical indicators and full integration with TradingView charts enable various market monitoring tools, such as dashboards of top-traded tokens, gainers, and top market cap coins.

Due Diligence 75

Due Diligence Account Takeovers Encryption Blockchain 75

Fintech News

JULY 17, 2024

The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers. In January 2024, nearly US$234 million in illicit inflows were recorded moving through bridges – the highest value to date.

Money Laundering 106

Money Laundering Law Enforcement AML Non-Bank 106

The Paypers

FEBRUARY 11, 2018

(The Paypers) Shyft has rolled out an open and unified blockchain framework for the standardization of regulatory, compliance, and due diligence mandates for KYC and AML.

AML 28

AML Due Diligence Blockchain Regulatory Compliance 28

Fintech News

JANUARY 24, 2024

The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring. Blockchain.com , formerly known as Blockchain.info, is based in London, England.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

PYMNTS

FEBRUARY 18, 2019

According to blockchain and cryptocurrency company BitRail , JPMorgan’s announcement was certainly a validating moment for the industry. Perhaps the most poignant moment in this evolution came about last week when JPMorgan Chase announced the development of the JPM Coin, the first bank-backed cryptocurrency in the U.S.,

B2B 70

B2B Cryptocurrency Payments Blockchain 70

PYMNTS

SEPTEMBER 27, 2017

The FinTech space is hoping to address these challenges head-on, targeting the paper and manual-based processes of trade finance transactions though innovations like blockchain. This would enable all actors to generate and use new sources of credit and risk data to inform the due diligence that could help reduce gaps for [SMBs].”.

Finance 51

Finance Due Diligence FinTech Risk Assessment 51

FICO

DECEMBER 17, 2020

Anti-financial crimes regulations require banks to enact robust risk management frameworks, including extensive KYC due diligence, integrated safeguards for AML transaction monitoring, and sanctions screening. Banks will also be able to apply the blockchain analysis to existing clients for ongoing monitoring.

Cryptocurrency 52

Cryptocurrency Risk Financial Crimes Crime 52

Fintech News

JANUARY 16, 2024

Some characteristics of angel networks include regular meetings to review business proposals, deciding collectively whether to invest or not, and working together to conduct due diligence to validate the plans, statements and history of the companies founding team. appeared first on Fintech Singapore.

FinTech 106

FinTech APACS Due Diligence Participant 106

PYMNTS

NOVEMBER 13, 2018

The standards seek to tackle issues that “interfere” with collaboration, make way for efforts such as FinTech firms “pitching” to banks, and provide insight into regulatory issues spanning onboarding and due diligence. “We This time around, Sweetbridge is using blockchain in a lending context.

Community Banks 73

Community Banks FinTech Due Diligence Treasury 73

PYMNTS

FEBRUARY 3, 2020

Data integrations between FinTechs, and between a FinTech and a bank account, require elevated data protection due diligence, and with payroll a fraud-prone market, pressures to safeguard sensitive company and employee information will continue to grow.

Payroll 73

Payroll Payment APIs and Integration Faster Payments Due Diligence 73

PYMNTS

NOVEMBER 19, 2019

million in funding from Initialized Capital, Blockchain Capital, PayPal Ventures, and Y Combinator. At TRM, we are fueled by a fundamental belief that cryptocurrency and blockchain can democratize access to financial services and empower billions of people,” Esteban Castaño, co-founder and CEO of TRM Labs, said in an emailed press release. “By

PayPal 41

PayPal Due Diligence Financial Crimes Cryptocurrency 41

Neopay

JANUARY 25, 2024

The Guidelines also explain how CASPs should adjust their mitigating measures, including the use of blockchain analytics tools. Based on these risk factors, CASPs can develop understanding of their customer base and to identify which part of their business or activity is most vulnerable to ML/TF.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

Wharton Fintech

JANUARY 18, 2024

Airwallex’s new generative AI tool utilizing LLMs for KYC and onboarding Jack: As an integral part of the KYC and onboarding process, especially for businesses, there’s a need to conduct due diligence on the background of the business. The future of cross-border payments, and the role that crypto and blockchain will play in this space.

Cross-Border 130

Cross-Border Cross-Border Payments Payment APIs and Integration Embedded Finance 130

PYMNTS

JANUARY 17, 2020

And in tracking and stopping the flow of funds, challenges exist because authorities often cannot have crypto addresses shut down due to the decentralized nature of blockchains themselves, according to Chainalysis. The schemes themselves are varied. This includes customers who meet the definition of a politically exposed person.”.

Money Laundering 57

Money Laundering Due Diligence Cryptocurrency AML 57

PYMNTS

MARCH 22, 2018

Nucleus Software noted that digitization of supply chain and trade finance processes can reduce that unnecessary spend and automate processes like document evaluation and due diligence. In 2016, IBM announced it would be collaborating with Mahindra Finance to develop a blockchain-based trade finance solution in India.

Finance 49

Finance Due Diligence P2P Blockchain 49

The Fintech Times

JULY 31, 2024

Julie Cunningham, founder and CEO of Portend As Julie Cunningham , founder and CEO of due diligence platform Portend , explains: “Fintech impact platforms often grapple with complex regulatory landscapes. This requires technological investments and ongoing staff training to stay updated with regulatory changes.

Compliance 64

Compliance AML Regulations Due Diligence 64

The Fintech Times

JULY 15, 2024

Stablecoins are blockchain-based tokens pegged to fiat currencies or a basket of assets, designed to minimise volatility and serve as a reliable transfer of value within the virtual asset market. MTFs using third-party issued fiat tokens must perform due diligence on the tokens, focusing on technology governance, reporting and reconciliation.

Stablecoins 96

Stablecoins Regulations Multi-Currency Issuers 96

Fintech Review

OCTOBER 16, 2024

This due diligence helps in assessing whether the high yield rates are likely to be maintained or are a temporary phenomenon. Investors need to be cautious and evaluate whether a project’s high yields are based on sound economics or if they are artificially inflated.

Assessments 98

Assessments Risk Returns Audit 98

The Fintech Times

NOVEMBER 20, 2024

It is important to understand that not everyone has the expertise to conduct due diligence on every company they want to work with. . “Investment services are becoming much more regulated in Europe, globally and in general. ” The post How do Regulations Make the World of Alternative Investment More Secure?

Regulations 72

Regulations Security Accreditation Rules 72

PYMNTS

JANUARY 13, 2020

Thanks to the high cost and procedural burden of paper documents, on top of pricey due diligence requirements, trade finance is simply not profitable enough for many of the largest global banks to facilitate, Braun said. Looking ahead, she pointed to one particular trend likely to further widen the trade finance gap.

Finance 56

Finance Non-Bank Due Diligence Cross-Border 56

PYMNTS

AUGUST 14, 2019

Blanco further noted that the expansion of mobile gambling tied into the rise of convertible virtual currency, particularly in digital casinos on the web that allow payouts and pay-ins in digital currency. Blanco noted the unique compliance issues digital currency creates – including processes for conducting due diligence on digital currency; (..)

Fincen 65

Fincen Financial Crimes Crime Suspicious Activity Report (SAR) 65

FICO

JANUARY 30, 2020

Using blockchain or other means for auditable model development and model governance will become essential in demonstrating due diligence in building, explaining and testing AI models. I predict that in 2020, AI insurance will become available; companies will look to insure their AI algorithms from liability lawsuits.

AI 52

AI Due Diligence Regulations On-Demand 52

Faster Payments Council

SEPTEMBER 23, 2023

Newer infrastructure platforms are being built using blockchain / distributed ledger technology, posed to remediate the functional inefficiencies of legacy systems across product lines. . – making the life-cycle management and payments related to these assets an ever-increasing challenge. Current finance infrastructure in the U.S.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

Fintech Labs Insights

MARCH 13, 2017

How are the big trends in fintech like virtual reality, the blockchain, and big data analytics dictating trends in proptech? And all three are playing a greater role in everything from asset value analysis and trend forecasting to due diligence and contract review. Proptech and the Blockchain.

Blockchain 20

Blockchain Due Diligence Technology Consulting 20

PYMNTS

AUGUST 3, 2016

Fraudsters and blockchain. While biometrics and social data are viable solutions for identity verification, Jarae thinks of the blockchain as the breakthrough innovation that holds the most potential. “I I would have to say the blockchain is the biggest innovation, period.

Financial Inclusion 41

Financial Inclusion Verification Online and Mobile Banking Authentication 41

Fintech Review

MARCH 18, 2025

If quantum machines reach the necessary scale, they could decrypt sensitive financial databases, secure communications, or blockchain records that were previously considered safe. Fintech companies are wise to document their steps toward quantum readiness as evidence of due diligence.

Security 66

Security Encryption FinTech Breach 66

PYMNTS

JANUARY 31, 2018

Cooke believes cryptocurrencies and blockchains don’t — and can’t — scale well in the payments space due to processing speed, liquidity issues and volatility in the market. The technology behind nanopay has a few potential use cases: primarily, the creation of “currencies” for merchants and retailers to use as rewards mechanisms.

Cross-Border 46

Cross-Border Cryptocurrency Acquirers Due Diligence 46