KYC

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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Fully automated compliance is big hurdle for this fintech's APIs

06/14/19

Synapse is working to refine its application programming interfaces to meet know-your-customer and other complex requirements, but it's a tall order, the head of the back-office-services platform says.

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House poised to advance flood insurance reform, beneficial owner rules

06/12/19

Bills to fix the National Flood Insurance Program and combat the money-laundering risks from shell companies enjoyed bipartisan support during a House Financial Services Committee debate.

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Cheat sheet: What Senate AML bill means for financial industry

06/10/19

The good news for financial firms is Congress has moved closer to reforming anti-money-laundering rules. But left behind in the effort is the reform most coveted by the industry.

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Deutsche Bank’s ties to Trump dominate hearing on AML reform

05/21/19

Democrats pressed law enforcement on whether senior Deutsche Bank executives quashed suspicious activity reports filings related to President Trump.

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States could solve beneficial ownership issue: OCC's Otting

05/20/19

Banks would be better able to comply with anti-money-laundering laws if all 50 states collected information on the owners of new corporations and published it in a national database, Comptroller Joseph Otting said Monday.

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Despite delays, beneficial ownership bill will move forward: Maloney

05/14/19

Rep. Carolyn Maloney said Tuesday that her legislation aimed at restricting anonymous shell companies could get a vote in the Financial Services Committee as early as the end of June, after consideration was postponed last week.

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