Fintech News

FEBRUARY 5, 2025

Additionally, it enhances fraud prevention by identifying data inconsistencies, helping to reduce identity theft and fraudulent account creation. Our goal is to help businesses achieve compliance with AML and Know-Your-Customer (KYC) standards while optimising customer due diligence procedures.

Verification 73

Verification Checks Security Due Diligence 73

Segpay

NOVEMBER 26, 2024

The Importance of Reliable Digital Identity Verification In a digital world, ID verification is a trust-building mechanism that protects both the user and the organization. Enhanced Due Diligence (EDD), ongoing transaction monitoring of existing customers, is also an important part of the entire process.

Verification 111

Verification Identity Theft Due Diligence Money Laundering 111

Stax

NOVEMBER 27, 2023

KYC’s three main components are the customer identification program (CIP), which was imposed by the USA Patriot Act in 2011; customer due diligence (CDD); and regular monitoring of the customer’s account and activities, which is also called enhanced due diligence (EDD). In the U.S., Contact us for a free demo today.

Due Diligence 88

Due Diligence Money Laundering AML Financial Crimes 88

Stax

AUGUST 22, 2024

Thorough due diligence, technology, and adherence to regulatory guidelines are essential in a PayFac’s risk management strategy. You need thorough due diligence, technology, and adherence to regulatory guidelines in your risk management strategy. The due diligence doesn’t stop at onboarding.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

Fintech News

MAY 22, 2024

of respondents lost money to scams or identity theft in the past year, resulting in an estimated US$1 trillion in financial losses. Asset managers, banks, auditors, exchanges and others can use the product as a due diligence tool to help filter for suspicious accounting, fraud in the accounts and weak corporate governance.

Financial Crimes 104

Financial Crimes Crime APACS Risk Assessment 104

Core

FEBRUARY 6, 2024

Government fraud in payments can involve several practices, including: Altered documentation Embezzlement False billing Forgery Identity theft Kickbacks Unauthorized use of government accounts Unsubstantiated reimbursement Essentially, government fraud in payments encompasses any practice aimed at diverting public funds for unauthorized purposes.

Best Practices 52

Best Practices Government Governance Fraud Prevention 52

Trade Credit & Liquidity Management

MARCH 11, 2025

Healthcare: Companies in this industry face challenges, with billing fraud, prescription fraud, and identity theft. Finance and Insurance: Due to the nature of this industry the stakes are particularly high. Real Estate: The potential for fraud is significant in this industry, from mortgage fraud to title fraud to rental scams.

Due Diligence 40

Due Diligence Fraud Prevention Phishing Identity Theft 40