Match-Trade Technologies and Sumsub partner to streamline KYC for Forex Brokers LeapRate

September 21, 2022 BY Steffy Bogdanova

Match-Trade Technologies and Sumsub partner to streamline KYC for Forex Brokers

Jacek Czarniawski, Head of Product at Match-Trade Technologies, said: We develop our solutions with Broker’s daily operations in mind. That’s why we chose to work with Sumsub. Thanks to the integration with their verification platform, Brokers using our CRM can easily onboard new clients. The KYC process is now effortless, making traders more likely to…

June 17, 2022 BY Steffy Bogdanova

B2Broker’s B2Core integrates with Shufti Pro’s KYC Solution

Its flexible API can integrate into all kinds of existing systems, making it suitable for businesses of all sizes. Additionally, Shufti Pro offers a multi-layered risk protection against digital identity fraud, money laundering, and terrorism funding. Users to verify their identities in less than 30 seconds. The solution has support for more than 150 languages…

May 03, 2022 BY Alan Sayer

3 Reasons why KYC is important for businesses and consumers alike

Here are three concrete ways in which KYC can improve the user experience for customers and businesses alike. 1. KYC prevents financial partnerships with money-launderers Without proper customer identity checks, this can unwittingly result in a company entering into a financial exchange with criminals that have obtained the money through illegitimate means. This exposes the…

December 17, 2019 BY Valentina Kirilova

MetaQuotes teams up with KYC/AML provider Sumsub

Forex trading platform developer MetaQuotes has announced yesterday that it has partnered with the KYC/AML provider Sumsub (Sum&Substance). The trading platform integration with the Sumsub KYC service will enable the validation of client personal data and documents with one click. The new functionality now provides further automation of client onboarding procedures for MetaTrader 5 brokers and the…

July 02, 2019 BY Valentina Kirilova

Sumsub teams up with Exmo to improve customer onboarding and swift KYC

The crypto exchange for traders, EXMO, just announced that it has teamed up with Sumsub, experts in identity verification and compliance, to enhance digital identity verification and customer onboarding for their clients. Sumsub's AI-based solution automates identity verification and antifraud, providing compliance to relevant regulations and AML screening. New verification procedure enables a hassle-free online experience…

June 11, 2019 BY Valentina Kirilova

G20 group adopts tough FATF KYC/AML rules: Debate is how to implement

The deed is done. Financial ministers of the G20 group have now decided to confront the crypto industry with tough new rules related to Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter the Funding of Terrorism (CFT), much as is now required of banks across the globe. The Financial Action Task Force (FATF) spent…

May 30, 2019 BY Valentina Kirilova

FATF crypto guidelines challenge exchanges to compromise anonymity

The highly anticipated crypto guidelines from the Financial Action Task Force (FATF) may cause crypto zealots to go on the warpath. G20 financial officers will review and adopt the new FATF guidelines at their next meeting in June in Japan, but insiders that have already had a look reveal that the crypto industry may be technically…

March 27, 2019 BY Valentina Kirilova

Current trends and pain-points in the KYC process and the on-boarding of customers

LeapRate Exclusive... As the technology landscape matures, so does the demand for adequate security measures. Consumers are demanding that information-collecting processes are less arduous and convenient, and corporates are answering. Just recently announced, IBM decided to streamline its KYC process by implementing blockchain technology to provide added efficiency for consumers to conduct interactions that require…

March 04, 2019 BY Valentina Kirilova

Japanese police report tenfold increase in crypto money laundering cases

According to guidelines instituted in April of 2017, the National Police Agency (NPA) of Japan has reported its findings for suspicious financial transactions. The results for potential money laundering cases where cryptocurrencies was the “detergent” of choice rose tenfold, escalating from 669 cases in 2017 to 7,096 in 2018. Although crypto cases constituted only 1.7%…

November 21, 2018 BY Valentina Kirilova

iComply releases University of British Columbia research on ICO and STO compliance

iComply Investor Services, a RegTech platform for global digital finance and cryptocurrencies, has announced the launch of a new research paper: The Compliance Trilemma: Challenges for ICOs. The research was conducted by PhD candidates from the University of British Columbia (UBC), who analyzed the challenges that ICO issuers face meeting the regulatory standards for issuing…

Tag: kyc