Kill Excel: Better Compliance Efficiency Through Regtech

Your company expanding is exciting, growing your client base is very exciting, but if you are the compliance officer or a compliance agent managing this growth in Excel spreadsheets, that excitement might be mixed in with worry and trepidation. After all, those spreadsheets can lead to fines from regulators.

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Topics: Anti-Money Laundering, Compliance, Transaction Monitoring, Automation, RegTech

IdentityMind Platform Release v1.34: What's New

Building a product that makes a meaningful difference for our customers is what brings us into the office every day. And, of course releasing our work gets us even more jazzed. Our latest release of the IdentityMind platform (v1.34) is out. It introduces new features to facilitate smoother money-laundering detection and identity proofing.

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Topics: Transaction Monitoring, Document Verification, product

Are you a FinTech Start-Up? Know Which AML Regulations Apply to You


U.S. anti-money laundering regulations are extensive, filled with explicit and implicit requests, and require studying. However, the benefit of knowing them is fundamental: It will save you time, money, and maybe your business. 

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Topics: Anti-Money Laundering, Fraud Prevention, Transaction Monitoring, FinTech, RegTech, Sanctions Screening

Regulatory Compliance Agility With RegTech

Everything from innovation to transaction volume is rapidly increasing in the digital world. And as transaction volume goes so does fraud, money laundering and the cost of regulatory compliance.

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Topics: Anti-Money Laundering, Fraud Prevention, Transaction Monitoring, RegTech

Doing Business in New York? Three New Rules You Must Know

Last week, the New York Department of Financial Services (NYDFS) unveiled new risk-based regulations for all Financial Institutions (FI’s) with customers in New York. The first two rules are effective January 1, 2017, providing less than six months to build an effective risk based system, while the third requires its first submittal on April 15, 2018.

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Topics: Compliance, Transaction Monitoring, SAR Filing

Transaction Monitoring: Manual Processes Do Not Scale – Key Takeaways

As online transactions have skyrocketed, so have online fraud and money-laundering. The United Nations Office on Drugs and Crime (UNODC) estimates that criminal proceeds from fraud amounted to 3.6% of global GDP, or 1.6 trillion USD. In general, criminals look to:

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Topics: Transaction Monitoring

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