The Identity and Beyond Blog

From high-performance cloud ecosystems to hyperscale green data centers, Scaleway provides the foundation for digital success. One of Europe’s few pure cloud service providers (CSPs), Scaleway’s offering covers the whole value chain, from software to hardware to data centers, which are operated mainly in the Paris region but also in Poland and the Netherlands. While…

Recently, we announced the release of Jumio’s next-generation KYX Platform that provides companies with a true 360-degree view of their customers. In addition to displaying a yes/no decision during user onboarding, we now provide deeper insights that help you make more nuanced decisions about how to do business with each customer. This is essential for…

Following up on our post about our next-generation KYX Platform, we are thrilled to announce today that we have signed an agreement to accelerate our business and technology vision by acquiring current strategic partner 4Stop, the leading data marketplace and orchestration hub for KYB, KYC, compliance and fraud prevention. The addition of 4Stop’s data sources…

Anti-money laundering (AML) practices help fight financial crimes by making it difficult to “wash” illegally acquired funds so that they look legitimate. Businesses, especially financial institutions and high-cash concerns, must be vigilant to prevent this criminal activity. While AML compliance is a high priority, members of the industry are not in complete agreement about what…

Anti-money laundering (AML) starts with knowing your customer. Multiple leaks such as the Panama Papers, Paradise Papers and most recently the Pandora Papers show that politically exposed persons (PEPs) are at higher risk for corruption. PEP screening is critical for ensuring your business takes a risk-based approach and performs enhanced due diligence on high-risk customers…

Money laundering schemes are difficult to detect. Money launderers use businesses like fintechs, banks, insurance companies, cryptocurrency dealers, gaming platforms, casinos and other financial services institutions to make their money look legitimate. The goal of anti-money laundering programs is to find these abnormal patterns in the sea of financial transaction data generated every day within…

In 2020, we announced the launch of the Jumio KYX Platform, an end-to-end compliance platform that allows our customers to ensure they’re fighting financial crime and meeting their regulatory obligations throughout the entire customer journey, from onboarding through ongoing monitoring. As part of this vision, Jumio is evolving what it means to know and trust…

You wouldn’t hire a new employee without making sure they’re the right fit for the job, right? Just as employers thoroughly vet candidates, organizations across the financial services industry need to have a good read on their prospective clients before allowing them to open an account to mitigate fraud and money laundering risk. This is…

Anti-money laundering (AML) programs provide a set of measures within financial institutions to prevent fraud, money laundering, terrorism financing and other financial crime. AML programs are mandated by the government in various jurisdictions and are aimed at financial service providers, including banks, fintechs, insurance firms, credit unions, casinos, mortgage lenders and more. Failure to comply…

For many, money laundering sounds like a crime that just happens in shady businesses or on television shows. Sadly, this financial crime is all too common and can plague ordinary businesses, especially financial services and fintechs that allow users to exchange funds. These businesses and institutions could be used to finance criminal enterprises and provide…

The Department of Homeland Security recently announced an extension of the REAL ID full enforcement deadline. This means that after several postponements due to COVID-19, a U.S. driver’s license can be used to board a plane for domestic flights starting May 3, 2023, but only if it complies with the new REAL ID federal standards….

Running a business requires staying compliant with many local, state and federal regulations. One vital responsibility for management is creating and running an anti-money laundering (AML) compliance program. AML rules are meant to stop criminals from disguising illegal money as legitimate profits. AML has become a focus for many financial institutions and other related industries…