OFAC and KYC Loom Large for Financial Institutions

 In the alphabet soup of government agencies, OFAC looms large for financial institutions. Sometimes considered one of “the most powerful yet unknown" government agencies, the Office of Foreign Assets Control—a part of the Treasury Department—enforces economic and trade sanctions in support of U.S. national security and foreign policy. Simply put, many bad actors attempt to realize their plans via financial…

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Melissa and Scanovate Form Strategic Partnership for Mobile Identity Management

Dynamic Platform Integrates Melissa’s Real-Time Data Quality to Validate Customer Data for KYC, AML Compliance Ramat-Gan, ISRAEL and Rancho Santa Margarita, CALIF – June 12, 2018 – Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its strategic partnership with Scanovate, a digital identity management platform bringing dynamic, real-time tools to compliance initiatives. Scanovate empowers…

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Exploring the Necessary Steps for KYC Compliance

All businesses want to “know” their customers, right? After all, what you don’t know about consumers can definitely hurt you in lost sales, hindered growth, and impaired customer loyalty. But for some industries—in particular the financial services, banking, and securities businesses—the phrase “know your customer” (KYC) means more than just good business. It’s required by regulators and government entities to…

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Melissa Features KYC Tools, Services, Partnerships at #Money2020Europe

Demos Highlight Strategies for 360 Degree Customer View to Prevent Fraud and Drive Anti-Money Laundering Initiatives Melissa, a leading provider of global contact data quality and identity verification solutions, today announced its comprehensive global intelligence solutions integrate seamlessly into banking operations, enabling a 360 degree view of the customer in real-time. Melissa will feature its tools and services for identity resolution,…

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Know Your Customer Compliance Boosted by Tech Innovations

Fintech breakthroughs that identify,validate and augment customer data help financial services organizations head off fraud, operate within the rulesOne of the most pressing issues facing the financial services industry today is the prevailing emphasis on security and fraud prevention. Big data and analytics are leveraging the power of the Internet, but also offering big, juicy plums for hackers, credit card…

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