Tag: kyc

B2Broker’s B2Core integrates with Shufti Pro’s KYC Solution
June 17, 2022 BY Steffy Bogdanova

B2Broker’s B2Core integrates with Shufti Pro’s KYC Solution

Its flexible API can integrate into all kinds of existing systems, making it suitable for businesses of all sizes. Additionally, Shufti Pro offers a multi-layered risk protection against digital identity fraud, money laundering, and terrorism funding. Users to verify their identities in less than 30 seconds. The solution has support for more than 150 languages…

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May 03, 2022 BY Alan Sayer

3 Reasons why KYC is important for businesses and consumers alike

Here are three concrete ways in which KYC can improve the user experience for customers and businesses alike. 1.   KYC prevents financial partnerships with money-launderers Without proper customer identity checks, this can unwittingly result in a company entering into a financial exchange with criminals that have obtained the money through illegitimate means. This exposes the…

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MetaQuotes teams up with KYC/AML provider Sumsub
December 17, 2019 BY Valentina Kirilova

MetaQuotes teams up with KYC/AML provider Sumsub

Forex trading platform developer MetaQuotes has announced yesterday that it has partnered with the KYC/AML provider Sumsub (Sum&Substance). The trading platform integration with the Sumsub KYC service will enable the validation of client personal data and documents with one click. The new functionality now provides further automation of client onboarding procedures for MetaTrader 5 brokers and the…

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July 02, 2019 BY Valentina Kirilova

Sumsub teams up with Exmo to improve customer onboarding and swift KYC

The crypto exchange for traders, EXMO, just announced that it has teamed up with Sumsub, experts in identity verification and compliance, to enhance digital identity verification and customer onboarding for their clients. Sumsub's AI-based solution automates identity verification and antifraud, providing compliance to relevant regulations and AML screening. New verification procedure enables a hassle-free online experience…

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Current trends and pain-points in the KYC process and the on-boarding of customers
March 27, 2019 BY Valentina Kirilova

Current trends and pain-points in the KYC process and the on-boarding of customers

LeapRate Exclusive... As the technology landscape matures, so does the demand for adequate security measures. Consumers are demanding that information-collecting processes are less arduous and convenient, and corporates are answering. Just recently announced, IBM decided to streamline its KYC process by implementing blockchain technology to provide added efficiency for consumers to conduct interactions that require…

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Japan
March 04, 2019 BY Valentina Kirilova

Japanese police report tenfold increase in crypto money laundering cases

According to guidelines instituted in April of 2017, the National Police Agency (NPA) of Japan has reported its findings for suspicious financial transactions. The results for potential money laundering cases where cryptocurrencies was the “detergent” of choice rose tenfold, escalating from 669 cases in 2017 to 7,096 in 2018. Although crypto cases constituted only 1.7%…

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iComply releases University of British Columbia research on ICO and STO compliance
November 21, 2018 BY Valentina Kirilova

iComply releases University of British Columbia research on ICO and STO compliance

iComply Investor Services, a RegTech platform for global digital finance and cryptocurrencies, has announced the launch of a new research paper: The Compliance Trilemma: Challenges for ICOs. The research was conducted by PhD candidates from the University of British Columbia (UBC), who analyzed the challenges that ICO issuers face meeting the regulatory standards for issuing…

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