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LexisNexis® Ventures into Practical Compliance Management Guidance for E-Commerce and Start-Ups

LexisNexis® launched a new practice area module in its rich Practical Guidance portfolio with Enterprise Compliance Management module for E-commerce that provides comprehensive and up-to-date legal information and practical know-how on all aspects related to compliance needs for an E-commerce business. Mr. Shreesh Chandra, Senior Director, Content Creation & Acquisition, LexisNexis India-South Asia, said, “Enterprise Compliance Management is a module ... Read More »

Experian Included in Gartner’s 2016 Market Guide for Online Fraud Detection

Gartner Market Guide provides recommendations when seeking fraud solution vendors This year, Experian® was included as a Representative Vendor, and our recently released fraud platform, CrossCoreTM, was mentioned. The 2016 guide, authored by Jonathan Care, Avivah Litan and Tricia Phillips, points out several key fraud findings impacting businesses. They see enterprises implementing fraud hubs in order to integrate fraud detection ... Read More »

Thomson Reuters Acquires Clarient Global LLC and Avox Limited

Thomson Reuters Further Strengthens KYC Managed Services and Legal Entity Data Through Clarient and Avox Acquisitions.  Acquisitions demonstrate Thomson Reuters continued commitment to solving critical industry client reference data and on-boarding challenges Thomson Reuters has signed definitive agreements to acquire Clarient Global LLC and Avox Limited.  Clarient is a leading global Know Your Customer (“KYC”) and client reference data platform ... Read More »

KSV1870 ComplianceCheck Prevents Money Laundering

In order to prevent money laundering and terrorist financing, the financial market money laundering legislation, which entered into force on 1 January 2017, obliges the economy to carefully examine its business partners. First and foremost, credit institutions, life insurers, securities companies and investment funds are affected. Numerous other companies or industries must, on the basis of due diligence, check if there ... Read More »

New Thomson Reuters Compliance Solution Helps Organizations Manage Regulatory Change

Robust compliance dashboard and enhanced mapping improve ability to mitigate risk in volatile environments Organizations facing regulatory overload can now benefit from powerful new tools to help them better manage their compliance workflow as Thomson Reuters introduces Regulatory Change Management (RCM), its new end-to-end compliance solution. RCM, offered by Thomson Reuters Enterprise Risk Services, is a versatile compliance workflow system. ... Read More »

Automated Anti-Money Laundering System Launched for Financial Services

A fully automated Know Your Customer (KYC) solution for achieving superior Anti-Money Laundering (AML) and Counter Terrorism Finance (CTF) compliance has been launched by Encompass Corporation.  The software platform enables Financial Service firms to meet the increasingly demanding regulatory requirements of The European Union’s Fourth Anti-Money Laundering Directive, which must be implemented by the 26 June 2017. The 4th AML ... Read More »

FICO Recognized in 2016 “Know Your Customer” Market Update Analyst Report

Market Updates from independent research firm on KYC and AML show FICO as strong provider Highlights: FICO® TONBELLER® Siron® solution recognized as a leading know your customer (KYC) system in 2016 CEB TowerGroup analyst report “Do You Know Who I Am? Know Your Customer Systems Market Update.” FICO TONBELLER Siron solution also recognized as a leading anti-money laundering (AML) system ... Read More »

Arachnys and Dow Jones Form Partnership to Deliver Enhanced Due Diligence Tool

Tool enables smarter and faster due diligence checks for users, ultimately reducing compliance risk. Arachnys and Dow Jones announced recently a partnership bringing together Arachnys’ D3 award-winning global due diligence platform with Dow Jones data. The partnership creates an enhanced end-to-end product which will enable users to conduct smarter and faster due diligence checks, ultimately reducing compliance risk. Combining Arachnys’ ... Read More »

AML & KYC in the APAC Region

An innovative solution to deep-rooted challenges with AML and KYC  2016 saw a rise in increasing risk and regulatory concerns across the Asia region and this is expected to continue into 2017. In the asset management space, fund managers are seeking better processes and systems to deal with Anti-Money Laundering and Know Your Customer Off the back of this, BIIA ... Read More »

IBM Unveils Blockchain Project For KYC Compliance

IBM’s Bluemix Garage in Singapore has announced a new effort aimed at helping financial institutions better comply with know-your-customer (KYC) requirements using blockchain. Announced yesterday (Nov. 15, 2016) at the Singapore FinTech festival, the project (a collaboration with KYC startup KYCK!) aims to provide enhanced identity verification services, enabling KYCK!’s customers to more rapidly on-board customers in a secure environment. The hope is the service ... Read More »

Russia: Easing Procedures of Company Registrations – what will the Future Hold?

In the past years the Russian authorities have made various efforts to simplify the procedures and rules which govern the registration of legal entities and sole entrepreneurs.  The significance of these efforts were not lost on the World Bank http://www.doingbusiness.org/rankings who adjusted Russia’s rankings in the “Ease of Doing Business” from the 51st to 40th place.  In the category “Starting ... Read More »

Companies are Sinking in Risk: Thomson Reuters 2016 Global Third Party Risk Survey

Many companies are struggling to monitor risks posed by their suppliers, distributors and partners due to internal pressures, lack of actionable data and insufficient attention to potential consequences Global companies are opening themselves up to greater risk including bribery and corruption and modern day slavery by conducting due diligence on just 62 percent of their suppliers, distributors, and third party ... Read More »

GBGroup Research: Nearly Half of HR Professionals Don’t Feel Up-To-Speed On Changing Legislation

Yet over 60% believe it’s their primary responsibility Brexit adding further complexity to the mix New research from identity data intelligence specialists GBG has revealed a startling amount of HR professionals (41%) are struggling to keep up with ever-changing legislation. The changes to UK law, such as those made to the Right To Work in the Immigration Act and Modern ... Read More »

TransUnion: The Power of Identity – Military Lending Act Database Search

Thousands of Military Members Already Identified as Being Covered by TransUnion’s Military Lending Act Database Search Approximately one month after the commencement of the new Military Lending Act requirements, TransUnion’s (NYSE: TRU) Military Lending Act Database Search has returned thousands of matches to lenders indicating consumers may be covered by the statute. The Military Lending Act (MLA) and 2015 Final Rule were ... Read More »

Dun & Bradstreet and Rosslyn Data Technologies in Partnership

Dun & Bradstreet and Rosslyn Data Technologies Partner to Provide Self-Service Data and Analytics to Procurement Professionals. Cloud-based platform offers near real-time analysis for actionable insight Focused on ensuring business leaders have timely access to mission-critical data to make informed decisions, Rosslyn Data Technologies, and Dun & Bradstreet, announced that they will partner to provide procurement professionals with self-service insights ... Read More »