Regulators are quickly paring back the rhetoric on KYC technology that promised to speed up bank onboarding. The problem now seems no closer to being resolved.
The US lender’s Interbank Information Network (IIN) will take in more than 75 global banks, more than a quarter of them in Asia Pacific. Will it be enough to fend off the fintechs?
US enforcement action this year resulted in a $280m settlement and provides a textbook case in everything your compliance officer needs to know about anti-bribery programmes.
As a Hong Kong's regulator slaps a HK$5 million fine on a bank that breached money laundering regulations, CT looks at the work being done behind the scenes to improve KYC technology.
Do it once, do it well has always been the tradesman’s motto. Corporates looking for a similar KYC gold standard may have found it in JP Morgan’s new Data Once platform
Calling itself “friendlier than a bank”, Neat top-up cards have made giant strides in the retail market, but now they’re turning their attention to business customers