AML KYC Compliance Discussed

Melissa IN Team | AML, KYC | , ,

Today, customer convenience is the differentiating factor that matters most. It’s why banks allow customers to apply for loans online, it’s the reason customers can now open savings accounts without having to visit the bank.

That said, convenience must be balanced with security. Banks are already finding it hard to keep up with Card Not Present (CNP) transactions.

According to a Nilson report, payment card-related fraud could amount to $34.66 billion. Increasing efforts in fraud prevention are key to fighting this. This is where AML and KYC compliance comes in.

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Melissa Increases Sales and Support for China Business

Melissa Team | 2021, APAC, Global Business, Global Data Quality, Global ID Verification, KYC, Press Release

Growing Asia Pacific focus reflects foundational nature of address management in global business operations and customer communications

Rancho Santa Margarita, CALIF – 28 September, 2021 – Melissa, a leading provider of global data quality and address management solutions, today announced its increased sales and support for China business, extending the company’s reach and reflecting the importance of rapidly expanding Asia Pacific markets seeking data quality tools and services.… Read More

AML And KYC: The Need Of The Hour For Crypto Exchanges

Melissa IN Team | AML, KYC | , , , ,

While cryptocurrency may still be far from being accepted as legal tender in most countries, it is one of the reigning investment routes. The transparency offered and ease of investment are probably the two most important factors contributing to its popularity. But, the convenience it offers has also made it attractive for money laundering and terrorist funding. This is a global problem that has brought about the need for strong Anti-Money Laundering (AML) legislation and Know Your Customer (KYC) processes. The challenge now for crypto exchanges and wallets is to balance regulatory compliance with a smooth customer experience.

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Melissa Cites the Single Customer View as Vital to Customer-Centric Marketing

Melissa Team | 2021, Customer Centricity, Customer Experience, Customer Identities, Customers, Data Enrichment, Deduping, Demographics, KYC, Press Release

Comprehensive customer data powers personalization at scale, eliminating the knowledge gap

Rancho Santa Margarita, CALIF – May 26, 2021 – Melissa, a leading provider of global data quality and address management solutions, today announced strategies for marketers to eliminate the knowledge gap in customer data, enabling personalization at scale. With aggregated data from disparate resources, Melissa’s tools and services resolve customer identity and enhance profiles by connecting to and between marketing channels such as email, social, direct, and in-store options. Marketers gain access to a single view of the customer, allowing clear, comprehensive insight into customer behavior and preferences. 

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The Importance Of KYC and AML Compliance in the APAC Region

Melissa AU Team | AML, KYC | , , , ,

$609 million -this is how much companies in the Asia-Pacific region were fined for not complying with KYC, AML and sanctions from 2008 to 2018. As regulators in the APAC region increase their focus on fighting financial crime, the importance of Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance has risen. India, Hong Kong, Singapore, the Philippines and Australia- everyone is cleaning up their act.… Read More