KYC

WNS Named a ‘Leader’ and ‘Star Performer’ in Financial Crime and Compliance by Everest Group

Retrieved on: 
Wednesday, March 27, 2024
Professional Services, Data Management, Technology, Software, Networks, Consulting, Internet, Narration, FCC, Synthetic media, Business process management, PEAK, AML, KYC, IDV, BPM, Fraud, Holding, Gen, Generative

The report highlights WNS’ comprehensive suite of offerings powered by hyperautomation, Generative AI, and analytics across the full FCC value chain .

Key Points: 
  • The report highlights WNS’ comprehensive suite of offerings powered by hyperautomation, Generative AI, and analytics across the full FCC value chain .
  • WNS helps clients ensure financial integrity and compliance by enabling real-time monitoring, enhancing risk detection, and future-proofing operations.
  • Everest Group’s recognition is a testament to our holistic approach of combining the power of technology and human ingenuity to safeguard the integrity of financial systems,” said Keshav R. Murugesh, Group CEO, WNS.
  • "In an era of escalating regulatory scrutiny, enterprises demand comprehensive solutions to navigate evolving regulations," remarked Dheeraj Maken, Practice Director, Everest Group.

Global Passport Reader Market Analysis 2024: A US$501.30 Million Market by 2029, Registering a Forecasted CAGR of 8.18% During 2024-2029 - ResearchAndMarkets.com

Retrieved on: 
Friday, March 15, 2024
Other Travel, Software, Transportation, Hardware, Travel, Vacation, Technology, Security, Element, RFID, Government, Public, Private, Growth, Optical character recognition, Application, KYC, Airport, Government agency, Aadhaar, Private sector, OCR, Overalls, Public sector, Compact, Border control, Security printing

The global passport reader market value stood at US$321.02 million in 2023 and is expected to reach US$501.30 million by 2029.

Key Points: 
  • The global passport reader market value stood at US$321.02 million in 2023 and is expected to reach US$501.30 million by 2029.
  • The market further thrives on the escalating numbers of international immigrants and the widespread adoption of passport readers in the banking sector.
  • The market's upward trajectory is sustained by these diverse growth drivers, reflecting a robust demand for passport reader technology worldwide.
  • The Compact Full-page Passport Reader, utilizing advanced OCR technology, efficiently extracts information from entire passport pages, contributing to global passport reader market growth by enhancing security and streamlining immigration processes.

MEDIA ALERT: Wolters Kluwer launches cloud-based AML module for CCH iFirm® in the U.K.

Retrieved on: 
Monday, March 11, 2024
Data Management, Technology, Digital Cash Management, Digital Assets, Data Analytics, Apps, Applications, Payments, Other Professional Services, Legal, Business, Fintech, Blockchain, Finance, Consulting, Security, Accounting, Professional Services, Other Technology, Software, Networks, Internet, Product management, KYC, CCH, Facial recognition, AML, Cryptocurrency

Wolters Kluwer Tax & Accounting (TAA) U.K. has released an anti-money laundering module (AML) within CCH iFirm ®, its cloud-based practice management and compliance software platform.

Key Points: 
  • Wolters Kluwer Tax & Accounting (TAA) U.K. has released an anti-money laundering module (AML) within CCH iFirm ®, its cloud-based practice management and compliance software platform.
  • Wolters Kluwer CCH iFirm AML seamlessly integrates with CCH Central, Wolters Kluwer TAA’s on-premise system, reducing the need to rekey data into a separate system and helping to speed up the AML compliance process and client onboarding.
  • CCH iFirm AML helps to transform the way companies manage their AML duties, helping them mitigate the risks associated with poor AML and KYC practices,” said Natasha Chryssafi, Director of Product Management, Wolters Kluwer TAA U.K.
    As a cloud-based solution CCH iFirm AML provides accounting practices with the flexibility to manage AML compliance from anywhere at any time.
  • Natasha Chryssafi , Product Director, Wolters Kluwer TAA U.K.
    Ben Cunliffe , Senior Product Manager, Wolters Kluwer TAA U.K.

AU10TIX Boosts FXCM ID Document Approval Rates by 29%, Enabling Revenue Growth

Retrieved on: 
Wednesday, April 3, 2024
FXCM, Account verification, Partnership, ID, FX, KYC, AU10TIX, Algorithm, IDV, TEL, CFD, Cryptocurrency

TEL AVIV, Israel and LONDON, April 3, 2024 /PRNewswire/ -- AU10TIX, a global technology leader in identity verification and management, and Stratos Group of companies (collectively, the 'Stratos Group' or 'FXCM'), a leading provider of online foreign exchange (FX) trading, stocks and other CFD trading and related services, today announced a successful partnership that has bolstered user security and optimized the onboarding process on the FXCM platform, increasing ID document approval rates by 29% and impacting revenue growth.

Key Points: 
  • FXCM solved this business challenge by integrating AU10TIX's Identity Verification (IDV) Suite , Web SDK and biometric solutions into the FXCM platform.
  • AU10TIX's advanced algorithms and extensive security databases streamlined FXCM's validation processes, resulting in a significant improvement in document approval rates from 62% to 80%.
  • The swifter onboarding resulted in lower abandonment rates and thus expanded the opportunity for revenue growth.
  • "At FXCM, ensuring a seamless and secure onboarding experience for our customers is a top priority," said Teodora Mladenova, eKYC Product manager at FXCM.

The INX Digital Company Reports Q4 2023 and Annual Financial Results

Retrieved on: 
Monday, April 1, 2024
Ethereum, JV, Partnership, Blockchain, RWA, KYC, Head, CBDC, Q4, Community business development corporation, INX, Reserve, Investment, Calendar, Privacy, Cryptocurrency

TORONTO, April 1, 2024 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (the "Company" or "INX"), the owner of INX.One, a security token and digital asset trading platform, a U.S. broker-dealer, an alternative trading system, a transfer agent, and an inter-dealer broker (through its subsidiaries), announced Q4 and annual financial results for 2023.

Key Points: 
  • TORONTO, April 1, 2024 /CNW/ - The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (the "Company" or "INX"), the owner of INX.One, a security token and digital asset trading platform, a U.S. broker-dealer, an alternative trading system, a transfer agent, and an inter-dealer broker (through its subsidiaries), announced Q4 and annual financial results for 2023.
  • Q4 2023 net revenue of $1.1M, primarily from transaction and brokerage fees, 14 percent lower compared to Q3 2023.
  • Q4 2023 net loss from operations of $4.4M, slightly lower compared to $4.7M in Q3 2023.
  • In Q4 2023, INX listed Republic Note on INX.One for secondary market trading and completed the integration of the Republic Wallet as a new custody solution for clients on INX.

Bitget Research Report Unveils 1.5 Million Daily Active Crypto Traders in Western European

Retrieved on: 
Thursday, March 28, 2024
Research, DEX, SUI, Attention, Uniswap, CEX, Growth, FTM, Elis James, Ordinal, Bitget, AML, American Music Awards, Education, KYC, News, Non-fungible token, MetaMask, Investment, Decentralized finance, European, Nifedipine, Cryptocurrency

The number of local daily crypto traders ranges from 1.2 million to 1.5 million.

Key Points: 
  • The number of local daily crypto traders ranges from 1.2 million to 1.5 million.
  • Austria witnessed the fastest growth in crypto traders between December 2022 to December 2023, with a 70% increase in users.
  • Regional users demonstrate high participation in decentralized projects, NFTs and Web3 platforms, and active engagement in popular chain ecosystems like Solana.
  • Western European countries, characterized by developed economies and high general education levels, rank among the regions with the highest cryptocurrency adoption globally.

Bitget Research Report Unveils 1.5 Million Daily Active Crypto Traders in Western European

Retrieved on: 
Thursday, March 28, 2024
Research, DEX, SUI, Attention, Uniswap, CEX, Growth, FTM, Elis James, Ordinal, Bitget, AML, American Music Awards, Education, KYC, News, Non-fungible token, MetaMask, Investment, Decentralized finance, European, Nifedipine, Cryptocurrency

The number of local daily crypto traders ranges from 1.2 million to 1.5 million.

Key Points: 
  • The number of local daily crypto traders ranges from 1.2 million to 1.5 million.
  • Austria witnessed the fastest growth in crypto traders between December 2022 to December 2023, with a 70% increase in users.
  • Regional users demonstrate high participation in decentralized projects, NFTs and Web3 platforms, and active engagement in popular chain ecosystems like Solana.
  • Western European countries, characterized by developed economies and high general education levels, rank among the regions with the highest cryptocurrency adoption globally.

Liminal Reveals the Top 14 Providers in the Link Index for Business & Entity Verification in Financial Institutions and Fintechs

Retrieved on: 
Thursday, March 21, 2024
Automation, Annual report, Database, Dun & Bradstreet, Kyckr, Moody's Analytics, BEV, Growth, KYB, ComplyAdvantage, Intelligence, Business, LexisNexis Risk Solutions, KYC, London Stock Exchange Group, Research, Trulioo, Cryptocurrency

NEW YORK, March 21, 2024 /PRNewswire/ -- Liminal released today the 2024 Link Index for Business & Entity Verification in Financial Institutions and Fintechs , its annual report of the top vendors meeting customer demands for know-your-business (KYB), know-your-customer (KYC), and fraud detection capabilities.

Key Points: 
  • NEW YORK, March 21, 2024 /PRNewswire/ -- Liminal released today the 2024 Link Index for Business & Entity Verification in Financial Institutions and Fintechs , its annual report of the top vendors meeting customer demands for know-your-business (KYB), know-your-customer (KYC), and fraud detection capabilities.
  • This ranking offers comprehensive market analysis and assessment of product capabilities and market presence, evaluating nearly fifty business verification technology solutions tailored to banks and Fintechs.
  • In this competitive landscape, the Top 14 providers emerged with comprehensive business verification solutions that meet product capabilities and market strategy needs for security, efficiency, and growth.
  • The 2024 Link Index for Business and Entity Verification in Financial Institutions and Fintechs resolves this by evaluating and ranking the top 14 vendors, offering comprehensive technologies for greater accuracy, compliance, data freshness, automation, and reusable identities, guiding customers to make informed purchasing decisions."

KuCoin Introduces GemVote: Empowering Community Voices in Token Listings

Retrieved on: 
Thursday, March 21, 2024
Crypto, Community, Market access, KYC, KCS, Human, Cryptocurrency

GemVote allows the KuCoin community to "Find the Next Crypto Gem with KuCoin", underscoring the exchange's commitment to community engagement and user-centric values.

Key Points: 
  • GemVote allows the KuCoin community to "Find the Next Crypto Gem with KuCoin", underscoring the exchange's commitment to community engagement and user-centric values.
  • This user-driven approach ensures that the KuCoin platform remains aligned with the interests and passions of its diverse user base.
  • Johnny Lyu, CEO of KuCoin emphasized that "at KuCoin, we deeply value our community and strive to amplify their voice within our platform.
  • We're excited to see our community come together to shape the future of crypto listings on KuCoin."

KuCoin Introduces GemVote: Empowering Community Voices in Token Listings

Retrieved on: 
Thursday, March 21, 2024
Crypto, Community, Market access, KYC, KCS, Human, Cryptocurrency

GemVote allows the KuCoin community to "Find the Next Crypto Gem with KuCoin", underscoring the exchange's commitment to community engagement and user-centric values.

Key Points: 
  • GemVote allows the KuCoin community to "Find the Next Crypto Gem with KuCoin", underscoring the exchange's commitment to community engagement and user-centric values.
  • This user-driven approach ensures that the KuCoin platform remains aligned with the interests and passions of its diverse user base.
  • Johnny Lyu, CEO of KuCoin emphasized that "at KuCoin, we deeply value our community and strive to amplify their voice within our platform.
  • We're excited to see our community come together to shape the future of crypto listings on KuCoin."