KYC

‘Fintech as a service’ provider Rapyd becomes Durable Capital’s first investment

12/03/19

Former T. Rowe Price portfolio manager Henry Ellenbogen is making Rapyd his first bet.

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Is it now or never for AML reform?

11/28/19

The 2020 elections and a potential new chair of the Senate Banking Committee in the next Congress could put a deadline on passage of a bill to ease a key anti-money-laundering requirement for banks.

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Shell-company bill drives wedge between banking, small business

10/28/19

Beneficial-ownership legislation is within the banking industry’s reach, but the prospect of new regulatory burdens for small businesses is forcing lawmakers to choose sides.

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House passes bill to crack down on shell companies

10/22/19

The Corporate Transparency Act would require companies to report their true owners to the Financial Crimes Enforcement Network, removing the burden of banks to collect beneficial ownership information about their clients.

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Reg concerns about Libra ‘should be no surprise’: Fed’s Brainard

10/16/19

With policymakers casting doubt on Facebook's cryptocurrency and some of the social media giant's partners pulling out, a Federal Reserve governor continued the drumbeat of criticism.

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Senators formally introduce bipartisan AML reform bill

09/26/19

Though a draft has been circulating since this summer, eight senators on Thursday officially released a bill to require companies to disclose their true owners at incorporation.

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Your data's just sitting there. Machine learning can change that.

08/13/19

The technology can help banks get the most out of the vast amounts of information at their disposal.

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House lawmakers square off over Facebook's crypto plans

07/17/19

Democrats called on the social media company to halt its Libra project, while Republicans said Congress should keep the door open to innovation.

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Why mobile onboarding is such a turnoff

07/17/19

Banks can fine-tune their apps so the customer doesn't give up halfway through a cumbersome sign-up process.

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PayPal-backed blockchain aims to help banks verify digital IDs

07/16/19

A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities.

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