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First Internet Bank automates due diligence with gen AI

Bank Automation

The $6 billion digital bank is tapping Greenlite AI’s generative AI technology solution to streamline due diligence for loan decisioning, First Internet Bank Chief Executive David Becker told Bank Automation News.

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There’s No Excuse for Lazy Customer Due Diligence Anymore, Says Trapets

The Fintech Times

They underestimate the investment they need to make in customer due diligence: Know-Your-Customer ( KYC ), monitoring transactions for foul play, and meeting regulations. They overlook the harder aspects of due diligence that aren’t easily automated. But they still make some age-old mistakes.

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Due diligence fintech spektr launches

Finextra

Danish startup spektr has raised EUR5 million in seed funding for its platform to help financial sector firms with their due diligence processes.

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Standard Chartered launches due diligence startup for carbon markets

Finextra

SC Ventures, the fintech invesment and incubation arm of Standard Chartered, has collaborated with the startup studio of French multinational utility Engie Group, to launch Qatalyst, a due diligence platform for carbon finance markets.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. Payment Service Providers must strengthen due diligence, monitoring, and collaboration with regulators to address these risks. This leads to inadequate due diligence. What’s next?

IBAN 88
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Securing Your Wealth: How Cybersecurity Affects Investment Decisions

VISTA InfoSec

As an investor, due diligence in cybersecurity involves examining several areas. Such due diligence is of interest to you as an investor because cybersecurity affects the following: Regulatory Compliance Businesses with strong compliance records are safer investments, capable of mitigating risks and sustaining growth.

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Slow Onboarding Drives Client Losses in Singapore’s Banks

Fintech News

Cengiz Kiamil, Managing Director at Fenergo, commented: Cengiz Kiamil “Banks are now required to double down on client due diligence to better understand client risk as part of the countrys clampdown on AML.