Regtech
A Smarter Way for Corporate Banking Authentication
In the wake of the pandemic that struck in 2020, businesses have been severely affected. A study by the World Bank found that one-quarter of businesses saw their sales fall by 50%. Today, three and a half years later, businesses,
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Backbase and FrankieOne to Bolster Digital Onboarding for ANZ Banks, Credit Unions
Digital banking software provider Backbase has partnered with FrankieOne, an Australian home-grown identity verification and fraud prevention platform provider. The partnership will enable Australian and New Zealand (ANZ) banks and credit unions to onboard customers and members seamlessly and securely.
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Fintech Regulations: New Solutions in a Complex Landscape
If one looks inside the fintech regulatory landscape, they will see a complex web of shifting laws, regulations, and frameworks. However, many jurisdictions have an insular approach, and companies are slow to collaborate on fraud prevention. This is why the
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dtcpay Taps Sumsub’s e-KYC Solution for Secure Digital Currency Transactions
Singapore-based digital payments platform dtcpay has tied up with global full-cycle verification platform Sumsub to enhance the security and reliability of digital currency transactions in target markets, including Singapore, Hong Kong, Dubai, the UK, and Europe. Sumsub’s e-Know Your Customer
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MAS’ AML/CFT Inspections Put Wealth Management Firms on Notice
The Monetary Authority of Singapore (MAS) has been conducting inspections of financial institutions (FIs) active in the wealth management space to ensure that they have robust controls in place to detect and deal with money laundering and terrorist financing risks.
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Identity Verification Firm Sumsub to Establish APAC HQ in Singapore
Identity verification platform Sumsub announced its plans to make Singapore its APAC headquarters with the aim to forge vital partnerships and serve new clients in the island-state and Hong Kong among other countries in the region. Sumsub said that this
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Dynamic Data Streamlines Customer Experience, Fights Fraud in Digital Banking
As the digital economy continues to surge and expand, consumer expectations for fast, secure access to products and services seem never-ending. Furthermore, when it comes to financial services, there is an entire generation of consumers cropping up who have barely
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TOPPAN IDGATE Deploys Facial Recognition Tech on Kiosks for Digital Onboarding
It can be difficult for financial institutions to rely exclusively on physical branches for comprehensive service for certain markets, particularly those spanning large territories. In such cases, Modular Service Kiosks are the perfect alternative, extending financial and payment services to
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OCBC Offers Fully Digital Account Opening for Foreigners Relocating to Singapore
OCBC has launched a fully digital Singapore dollar and multi currency accounts opening service for foreigners from Malaysia, Indonesia, mainland China and Hong Kong SAR looking to relocate to Singapore. The bank expects the monthly average of foreigners who open
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Choco Up Partners Know Your Customer to Accelerate e-KYC for Capital Financing
Regtech provider Know Your Customer announced that it has partnered with Choco Up, a revenue-based financing platform with offices in Singapore and Hong Kong. Through this partnership, Choco Up will be able to streamline client verification and accelerate access to
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