Consulting, Due Diligence and Verification

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

FEBRUARY 10, 2025

The Home Office outlines six key principles: tone from the top, due diligence, risk assessment, proportionate procedures, monitoring/review, and communication/training. Due diligence : Ensuring employees and third parties adhere to anti-fraud policies. Monitoring and review: Regularly updating fraud prevention measures.

Crime

Crime Fraud Prevention Risk Assessment Due Diligence

Finastra Bolsters Compliance Offerings with Sumsub Integration

Fintech News

JUNE 19, 2024

Sumsub, a global verification platform, has joined forces with financial software provider Finastra to enhance compliance processes for financial institutions worldwide. We are pleased to partner with Sumsub, following a rigorous due diligence process. ” said Martin ten Houten, VP of Business Development, Europe at Sumsub.

Compliance

Compliance Due Diligence Fraud Prevention Money Laundering

FCA Issues Final Guidance on Politically Exposed Persons (FG25/3)

Finextra

JULY 8, 2025

This update follows a comprehensive multi-firm review, a public consultation (GC24/4), and recent amendments to the 2017 Money Laundering Regulations. In contrast, PEPs from countries with weak governance, high corruption levels, or opaque procurement processes may still warrant more stringent due diligence.

Money Laundering

Money Laundering Due Diligence Risk Risk Assessment

Top 4 APAC Firms Leading The in The War Against Financial Crime

Fintech News

MAY 22, 2024

For larger enterprises and the consultants assisting them, Arctic Intelligence offers the Risk Assessment Platform. IDVerse (Australia) IDVerse, formerly known as OCR Labs, is an Australian company specializing in identity verification technologies. Transparently.AI

Financial Crimes

Financial Crimes Crime APACS Risk Assessment

Sumsub Joins Forces With Finastra to Bolster Compliance Processes, With Focus on Asia-Pacific

The Fintech Times

JUNE 20, 2024

Sumsub , the full-cycle verification platform, is partnering with Finastra , the global financial software applications and marketplaces provider, to support financial institutions worldwide with their compliance processes. “We are pleased to partner with Sumsub, following a rigorous due diligence process.

Compliance

Compliance Process APACS Money Laundering

What Are Virtual Terminals? A Guide for Businesses

EBizCharge

JANUARY 21, 2025

Many small businesses (independent consultants or home-based companies) also use virtual terminal payments to process card and electronic payments without additional hardware or a card reader. Merchants should do their due diligence to implement a secure virtual terminal that protects their business and builds customer trust.

Credit Cards

Credit Cards Encryption ACH Process

How to Maintain Anti-Money Laundering Compliance as a PayFac

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Engaging with AML experts and consultants AML is an ever-evolving field.

Money Laundering

Money Laundering Compliance AML Due Diligence

Examining the PSR’s APP fraud reimbursement cap change

The Payments Association

OCTOBER 14, 2024

This decision follows consultations with payment service providers (PSPs) and pressure from The Payments Association after concerns that the higher cap would impose heavy financial burdens on smaller firms and start-ups. PSPs should have systems that can identify potential indicators of fraud and flag them for further investigation.

Caps

Caps Fraud Prevention Fraud Detection Scams

This Week in Fintech: TFT Bi-Weekly News Roundup 18/06

The Fintech Times

JUNE 18, 2024

Stax LLC, a global strategy consulting firm specialising in commercial due diligence, value creation and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks, has opened a new office in Central London.

FinTech

FinTech Verification Online and Mobile Banking AI

RPA for AML and KYC – Automate Financial Crime Investigations

FICO

MAY 20, 2021

According to Accenture Consulting, the costs of managing an AML program have increased by as much as 20.6% For AML, some typical use cases are: Know Your Customer (KYC) verification. Automated data gathering for investigations Due diligence, transaction monitoring and/or sanctions.

Financial Crimes

Financial Crimes AML Crime Automation

This Week in Fintech: TFT Bi-Weekly News Roundup 12/09

The Fintech Times

SEPTEMBER 12, 2024

He has previously worked at a specialist climate risk and energy management consulting firm. Company updates Galileo Financial Technologies, a financial technology company and a subsidiary of SoFi Technologies, has launched Galileo Instant Verification Engine (GIVE) and Transaction Risk GScore. per cent of their loan value.

FinTech

FinTech Payment APIs and Integration Advisors Due Diligence

The escalating costs of global financial crime compliance

Neopay

NOVEMBER 28, 2023

Cynthia Printer emphasised, “The verification of identities in this digital world is becoming complex. Printer advised, “A robust due diligence process and sanction screening at the initial onboarding stages can effectively mitigate potential risks in the future.”

Financial Crimes

Financial Crimes Crime Compliance Money Laundering

Financial Crime: Technology can Transform Compliance

FICO

MARCH 6, 2020

Especially if they have to rely on expensive consultancy firms, or have limited qualified resources in-house, or simply have the wrong tools introduced. The KYC-assigned risk level and due diligence rules determine how closely and frequently each customer will then be scrutinized during ongoing customer monitoring by our AML system.

Financial Crimes

Financial Crimes Crime Compliance Technology

How Virtual Reality, Big Data, and the Blockchain Are Changing Proptech

Fintech Labs Insights

MARCH 13, 2017

And all three are playing a greater role in everything from asset value analysis and trend forecasting to due diligence and contract review. One interesting event to keep an eye on is the Blockchain Accelerator for Mortgage Lending launched by consulting firm, Synechron, last September.

Blockchain

Blockchain Due Diligence Technology Consulting

242 Startup Failure Post-Mortems

CB Insights

OCTOBER 31, 2017

It did not close because the customer base isn’t there or due to a lack of demand for its lending products. Doug Stephens, founder of consultancy Retail Prophet, said the company suffered from having too few managers from the fashion industry and too many from the technology sector. It closed because a deal fell through.

Posting

Posting Product Online and Mobile Banking On-Demand

Payments Space

Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

Finastra Bolsters Compliance Offerings with Sumsub Integration

Trending Sources

FCA Issues Final Guidance on Politically Exposed Persons (FG25/3)

Top 4 APAC Firms Leading The in The War Against Financial Crime

Sumsub Joins Forces With Finastra to Bolster Compliance Processes, With Focus on Asia-Pacific

What Are Virtual Terminals? A Guide for Businesses

How to Maintain Anti-Money Laundering Compliance as a PayFac

Examining the PSR’s APP fraud reimbursement cap change

This Week in Fintech: TFT Bi-Weekly News Roundup 18/06

RPA for AML and KYC – Automate Financial Crime Investigations

This Week in Fintech: TFT Bi-Weekly News Roundup 12/09

The escalating costs of global financial crime compliance

Financial Crime: Technology can Transform Compliance

How Virtual Reality, Big Data, and the Blockchain Are Changing Proptech

242 Startup Failure Post-Mortems

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