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26 August 2015 - Accuity Insights

Identity Matching: Complex Sanctions Mean Complex Solutions

Not only has the sanctions landscape become much more volatile, it has also increased in complexity. This has necessitated financial institutions to implement more sophisticated screening solutions to handle the complexities. When sanctions were first enacted in the nineties, they were applied to whole countries, such as Cuba. However, the situation moved from whole country […]
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26 August 2015 - Accuity Insights

New Indian Payments Rules for Corporations

Corporate Treasurer has reported that in India, corporations are now allowed to conduct banking activities to enable them to target individuals without bank accounts. Henry Balani, Accuity’s Head of Innovation, observes that the responsibility being placed upon corporate treasurers will increase significantly as a result of the additional compliance issues and operational requirements which will undoubtedly emerge from the […]
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19 August 2015 - Accuity Insights

Identity Matching: The Impact of Geopolitics

Global politics have had a big impact on name screening. So much has changed politically in the past few years –the geography of Central Europe, the situation in the Middle East and changes in Africa for starters – and this has a big effect on financial institutions and the screening solutions they use. Why? Because […]
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12 August 2015 - Accuity Insights

Identity Matching: The Role of Robots

We are happy to let machines sort through important identity matching data, discarding the irrelevant data and highlighting the risky entries. They do a great job of it. What about the post-matching process? Can they do that safely, reliably and intuitively too? That’s the general idea. The current trend in innovation is moving the post-matching […]
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10 August 2015 - Accuity Insights

India Proposes Central KYC Registry

At the beginning of July, India launched its Digital India campaign which aimed to empower lakhs in India’s remotest corners as well as to boost economic growth. Now, the Financial Express reports that India has proposed a central Know Your Customer (KYC) registry. The registry will collect data from PAN, Aadhaar, passport and driver’s licenses […]
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5 August 2015 - Accuity Insights

Identity Matching: Future Trends and Innovations

We’ve come a long way in the last 20 years in terms of identity matching. As discussed in previous articles in this series, when electronic identity matching first took off in the 90s, machines only had a few hundred names to deal with. Now, the numbers are infinitely larger and the stakes are dramatically higher […]
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30 July 2015 - Accuity Insights

Amendments to the Swedish Money Laundering Act Come Into Force

Amendments to the the Act on Measures against Money Laundering and Terrorist Financing (2009:62) concerning Politically Exposed Persons, will enter into force in Sweden on 1st August 2015. At the same time, the Financial Supervisory Authority’s regulations and general guidelines (FFFS 2009:1) will lapse.1 The Act was created in response to the threat that terrorist […]
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30 July 2015 - Accuity Insights

Accuity Survey mentioned in The Wall Street Journal

The Wall Street Journal mentioned Accuity survey in the article “Survey Roundup: Deadly Cyberattack Worries”. This survey was driven to better understand risk and compliance main issues that compliance professionals are fighting with every day. Read the article to access the results
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29 July 2015 - Accuity Insights

Identity Matching: What is the Value of Screening Hubs?

Screening hubs are now an established and business-critical feature of any modern day financial institution. They are an integral part of the operational structure of organisations, crunching the numbers infinitely faster than us humans ever could. What’s important is that screening solutions offer real time business benefits. Financial institutions need access to instant, accurate results. […]
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23 July 2015 - Accuity Insights

Nine Indian Banks Face KYC Investigation

Nine Indian banks have recently come under fire for harbouring fake accounts linked to a medical institution scandal. Police arrested two people accused on multiple charges, including impersonating proprietors of the organisation. The individuals behind this scheme have allegedly scammed over 50 families of several hundred thousand rupees each. Accordingly to police officials, the total […]
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