KYC

How this digital-only bank lowers risk of sign-up fraud

02/27/18

Aspiration Bank relies on software tools to pull data from diverse sources to prevent fraud in account applications.

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Did banks’ KYC controls fail in Russian efforts to swing election?

02/20/18

Foreign operatives' alleged use of fraudulent financial accounts to try to influence the U.S. political system shows again how difficult it is for banks to truly know their customers.

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Can blockchain technology revive peer-to-peer lending?

01/04/18

The people-helping-people model proffered by LendingClub and others quickly foundered, but several startups aim to bring it back with the help of distributed ledger technology.

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Congress to take fresh look at money laundering regs

01/03/18

The Senate Banking Committee's first hearing of 2018 will focus on anti-money-laundering efforts and counter terrorist financing, which could be a precursor to legislative reforms.

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Pot is legal in Canada, and that poses dilemma for U.S. banks

11/20/17

A U.S. alcohol maker's $191 million investment in Canadian cannabis could raise difficult questions for the banks that have lent big sums of money to the company.

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Lack of regulatory clarity holding back blockchain

11/17/17

The federal banking regulators should create a working group that, rather than propose new rules and regulations, would clarify the application of existing rules to blockchain technology.

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Giving banks more comfort with potential fintech partners

11/01/17

As more startups turn to ICOs to raise capital, financial institutions will seek reassurance that their blockchain and other fintech partners are aboveboard.

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Innovation vexing for banks and fintechs alike

10/03/17

Banks that find true innovation hard to accomplish can take heart — it’s no picnic for startups either. To hear both sides share their challenges is an argument for collaboration.

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How this bank’s anti-laundering blunders became a ‘sales tool’

09/05/17

Nothing like revelations of a client’s Ponzi scheme that lead to your bank paying $4 million in anti-money-laundering fines. That’s what happened at Gibraltar Private Bank & Trust, but its CEO argues its compliance overhaul has given the bank a competitive advantage in cosmopolitan New York and South Florida.

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‘Neither Mad Max nor Orwell’: ID startup walks a fine line

07/28/17

GlobalID stands out from scores of similar companies and projects by attempting to wed self-sovereignty with regulatory compliance. If its technology works, it could alleviate a major cost for banks.

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