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TruNarrative Continues Commitment to Asian region with Hong Kong Office

TruNarrative, a global provider of fraud, identity and compliance solutions, continues its growth in Asia with confirmation of entity and office set-up in Hong Kong. The office is located in the Cyberport development in Hong Kong, home to over 900 digital technology companies. This follows hot on the heels of the opening of the Singapore entity and office. TruNarrative will serve many ... Read More »

TruNarrative Partners with Creditsafe to Deliver Unparalleled KYC, AML and Fraud Protection

TruNarrative, one of the global providers of fraud and compliance risk solutions, has partnered with Creditsafe, the global business intelligence experts, to synchronise their data and provide unparalleled KYC, AML and fraud protection to businesses all over the world. Creditsafe’s global database is one of the most rapidly expanding in the industry and one of the most comprehensive. Each day, ... Read More »

Financial Crime: KYC Across the Whole Customer Lifecycle

Several top global banks have made it into the press again — for the wrong reasons, reasons to do with international money laundering schemes. From facilitating trading with companies in sanctioned countries, to moving cash for Russian launderers to channeling Mexican drug money, these banks were caught and assessed steep fines by regulators. Even worse is the reputational damage. These ... Read More »

Callcredit Partners with DueDil to Launch ‘KYC for Business’

Callcredit Information Group and DueDil have partnered to launch KYC for Business – an enhanced KYC (know your customer) service. The new KYC for Business service will offer clients the combination of two best-in-class services via one single enquiry, helping to streamline any business customer checks they need to perform whilst ensuring they are compliant. Clients of the service will be able to perform ... Read More »

Encompass Corporation Appoints Paul Charmatz as Managing Director

Leading compliance data enablement platform, encompass corporation, has appointed Paul Charmatz as Managing Director to focus on their go to market strategy. Paul joins encompass from Avention OneSource Solutions, which was recently sold to Dun and Bradstreet. Previously Senior Vice President, International and Global Head of Financial Services, Paul led the global strategy in the aggregated data compliance space, securing banks in London, New ... Read More »

Supply Chain Risk: Just 22% of Companies Address Child Labour in Supply Chain

Only 22% of companies are addressing child labour concerns in the supply chain, while only 23% are actively tackling climate change. The results of a new survey of business executives makes for sobering reading, given that there are more than 150 million children engaged in child labour around the world, and that scientists are predicting environmental Armageddon if carbon reduction ... Read More »

Encompass Corporation in the News: Fintech Firm Swaps Bondi for Broomielaw

Encompass’s search for excellence brought it half-way round the world to Glasgow. It perhaps wouldn’t be the most obvious switch, but BIIA member Encompass have made the move from Sydney, Australia, to Glasgow, Scotland. One of the principle reasons for the move has been the support and assistance offered to encompass by Scotland’s Economic Development International. It is two years since ... Read More »

Encompass Corporation Integrates with FactSet to Offer Global Know Your Customer Capability

Encompass Corporation, creator of Know Your Customer (KYC) software for banking, finance, legal and accountancy, announced that it is teaming with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading services. The combination of FactSet’s data solutions and Encompass for KYC purposes enables truly global coverage for KYC and beneficial ownership checks. FactSet’s Data Management Solutions (DMS) ... Read More »

Did Dodd–Frank Wall Street Reform and Consumer Protection Act Kill Financial Inclusion?

Banking and Blockchain: Why We Need an AML/KYC Safe Harbor Steven Hopkins is chief operating officer and general counsel of Medici Ventures, an Overstock subsidiary focused on the advancement of blockchain technology. In this opinion piece, Hopkins discusses issues with the global AML and KYC requirements placed on banks, concluding that, while this is encouraging blockchain innovation, more legal clarity is ... Read More »

BIIA Member CTOS and LexisNexis Risk Solutions join forces to create a safer business environment

CTOS will offer its customers a powerful tool based on LexisNexis Bridger Insight XG platform Enables companies to verify efficiently and screen their customers under KYC requirements (From left) LexisNexis Risk Solutions marketing manager Joy Lee; LexisNexis Risk Solutions International Market Development director David Haynes; CTOS Data Systems CEO Eric Chin and CTOS Holdings group CEO Dennis Martin LEXISNEXIS Risk ... Read More »

India’s RBI Working on New Standards Limiting Customer Liability in Digital Frauds

RBI Deputy Governor SS Mundra came down heavily on banks for charging customers exorbitant and high service charges including for minimum balance maintenance, mis-selling of third party insurance products, etc. There is a relief in the offing for banking customers who face frauds through unauthorized online transactions. The Reserve Bank of India (RBI) will soon list out norms limiting liabilities ... Read More »

OneSource Virtual and Equifax Partner to Provide Workforce Management Solutions

OneSource Virtual, a leading Business Process as a Service (BPaaS) and professional services provider and Equifax Workforce Solutions, a leader in human resource compliance, analytics and verification services, and a business unit of Equifax Inc. (NYSE:EFX), announced a partnership to deliver workforce management solutions to organizations. The partnership combines the expertise of OneSource Virtual in delivering innovative outsourcing services with the trusted ... Read More »

kompany.com Gets Financial Lift to Accelerate Growth

Hermann Hauser’s I.E.C.T. Capital Partners, Stefan Schneider and other financial investors place a seven-digit investment in kompany.com, the leading Regulatory Technology (RegTech) provider of authoritative Global Company Intelligence for Know Your Customer (KYC) & Anti Money Laundering (AML) processes. The investment will be used to expand the global footprint to cover 150 million companies worldwide and to develop new leading ... Read More »

Personal Liability Looms: Who is Going to Take Risk or Being a CEO or CFO?

More Financial Executives Forego Business Decisions as Personal Liability Seems More Likely, Thomson Reuters Culture and Conduct Risk 2017 Survey Finds Concern by financial executives about the risks of personal liability appears to be affecting the strategic business decisions they make, according to a global survey of compliance and risk practitioners at financial firms. For the first time, Thomson Reuters ... Read More »

Thomson Reuters KYC Managed Services for Africa

Standard Chartered Bank will become fourth bank to join regional partnership which accelerates on-boarding for customers and provides robust, stable due diligence processes Standard Chartered Bank announced its intent to join Thomson Reuters Org ID regional managed service solution for Know Your Customer (KYC) due diligence in South Africa. Standard Chartered Bank has made the decision to join the African ... Read More »