Know your customer (KYC) stories - Page 2

A report reveals that over 50% of financial institutions in Asia are failing to adopt AI for anti-money laundering, risking exposure to financial crime.

Recycling Week 2024 in New Zealand, set for 21-27 October, aims to boost waste management awareness and minimise waste across communities and businesses.

CloudSEK has launched a free Deep Fake Detection Technology to tackle digital deception, enhancing cybersecurity awareness and resilience across sectors.

At social gatherings, crypto investors often face cringeworthy questions about their investments, revealing widespread misconceptions about the digital currency world.

CorPlan NZ has snagged a key contract to supply SkyCity with IBM Planning Analytics software, enhancing budgeting and forecasting efficiency amidst stiff competition.

Easy Crypto reveals it returned NZD $2.7M to customers affected by fraud, shifting focus from trading volume to security and user protection in the crypto space.

Easy Crypto becomes the first exchange to disclose fraud refunds totalling $2.7M, stressing security as about 50% of Aussies & Kiwis show crypto interest.

AI-driven cybercrime surges in Australia and NZ, warns Trend Micro; thousands of attacks detected, leveraging AI to breach security defences.

SQR has been acquired by UK-based SQRx, aiming to boost digital identity growth. Entrepreneur Grahame Chilton, SQRx’s largest shareholder, sees it as a 'groundbreaking' move.

Crypto ATMs are growing globally, with the US leading at 82% of market share. As the ecosystem expands, here's what to know before using one.

Cybersecurity firm Acronis has identified a staggering 293% increase in email cyberattacks during the first half of 2024 compared to 2023.

Appdome has bolstered its Geo-Fraud Detection service with Geo-Location Fencing and Geo Desync Attack Detection to better protect mobile apps from location-based fraud.

TanX has hit a quarterly trading volume of USD $1 billion, marking a 70% rise and underscoring the growing reliance on decentralized trading platforms.

ReliaQuest's latest report reveals cybercriminals are exploiting ChatGPT and other AI tools to create near-perfect phishing emails, achieving a 2.8% success rate.

LexisNexis Risk Solutions debuts its first Australian cloud hosting facility, enhancing local risk orchestration services with advanced compliance solutions.

Encompass appoints Andrew Dunn as VP of Engineering, tasked with leading the strategic delivery of its CDI platform to enhance global banking solutions.

Lucinity unveils an advanced AI copilot plug-in at Money2020 Europe, promising instant ROI and up to 90% productivity boosts for financial institutions.

First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.

Encompass Corporation appoints Nynke Postma, founder of Blacksmith KYC, as Head of Business Development for Asia and the Middle East to boost CDI product value.

First AML launches AI Assist, promising to reduce compliance tasks to 60 seconds, expediting KYC and AML processes by 90% through automated data extraction.