Know your customer (KYC) stories - Page 5

ThetaRay's AI modules for AML and sanctions screening have gained key validation from Kaufman Rossin, aiding compliance with evolving US and EU regulations.

Despite 99% of finance firms piloting AI, just 3% deploy it enterprise-wide, hindered by data quality issues and legacy system inconsistencies.

IBM launches Digital Asset Haven, a secure blockchain platform for institutions, combining advanced custody features across 40+ blockchains from late 2025.

Data Zoo partners with Ping Identity to provide verified global data in PingOne Verify, boosting secure digital identity verification across 60+ countries.

UiPath launches new AI automation suite with pre-built solutions and orchestration tools to boost enterprise efficiency and ROI in AI transformation.

Celonis and Bright Cape launch Smart KYC Control Tower app to help financial firms cut costs, boost compliance and improve customer experience in KYC processes.

Appian has been named on FinTech Global's 2025 AIFinTech100 list for pioneering AI-driven solutions that transform banking, compliance and financial services workflows.

Sumsub and Data Zoo have partnered to deliver enhanced global fraud prevention and compliance solutions for financial institutions across 170+ jurisdictions.

Sumsub enhances fraud defence by integrating Fingerprint's device intelligence, offering real-time threat detection without complicating genuine user access.

AU10TIX launches AnyDoc Authentication, an AI-powered tool detecting fraud in non-ID documents with 99.99% accuracy, aiding sectors from finance to healthcare.

SEON launches AI-powered real-time AML suite, unifying fraud and compliance tools to enhance risk detection and streamline regulatory reporting.

NTT DATA launches Smart AI Agent Ecosystem to boost business transformation with intelligent automation and industry-specific AI solutions worldwide.

A global survey reveals enterprises plan to boost investment in trust, safety and security for customer experience amid rising compliance and fraud challenges.

85% of organisations eye digital-first banking as traditional banks' slow KYC processes cause financial losses, says new Encompass Corporation survey.

ABBYY unveils Document AI API, a developer-friendly tool to convert unstructured business documents into accurate data, boosting automation in workflows.

Fivecast has launched a groundbreaking AI-driven platform to bolster financial crime investigations, aiding institutions in meeting stringent AML compliance demands.

Kore.ai has unveiled AI for Process, a no-code platform designed to revolutionise enterprise workflow automation and optimise decision-making.

In an era where speed and efficiency are paramount, banks must decide between building custom KYC systems or investing in advanced SaaS solutions to enhance client onboarding.

Encompass has unveiled its EC360 platform to revolutionise corporate client verification in banking, addressing outdated processes amid rising competition.

Ondo Finance has unveiled tokenised U.S. Treasuries on the XRP Ledger, boosting institutional access to short-term securities via Ripple USD.