Fenergo, a client lifecycle provider specializing in KYC and AML support, is embracing agentic artificial intelligence (A.I.) to help financial services firms better manage “spiraling operational costs” and compliance requirements complicated by geopolitical tensions and regulatory changes. The new A.I. agents as part of Fenergo’s FinCrime Operating System (OS) could reduce know your customer (KYC)… Read More >>
Can A.I. Help or Hurt KYC & AML Efforts?
While financial institutions are in the early throes of utilizing artificial intelligence (A.I.) to strengthen know-your-customer (KYC) and anti-money laundering (AML) processes, cybercriminals are rapidly advancing their tactics to bypass these meticulous measures. One troubling development for compliance teams is the recent emergence of a new A.I.-powered deepfake tool, ProKYC, which hackers are weaponizing to… Read More >>
Aduro to Help Clients with FinCEN Deadline via Fenergo
Aduro Advisors is partnering with financial compliance solutions provider Fenergo so that the fund administrator can offer its clients new protections that meet the requirements of the Financial Crimes Enforcement Network (FinCEN) anti-money laundering (AML) rule that goes into effect Jan. 1, 2026, officials say. This past August, FinCEN issued a final rule “to help… Read More >>
Fenergo Targets Energy & Commodities Firms
Fenergo has launched a trader request platform for the energy and commodities sector that combines artificial intelligence (A.I.), know your customer (KYC), and onboarding features in an effort to streamline compliance and onboarding processes, officials say. The Trader Request Portal “was purpose-built to address one of the industry’s most persistent challenges of improving collaboration and… Read More >>
Innovative Systems Launches FinScan Marketplace
Innovative Systems has launched a platform — dubbed FinScan Marketplace — that provides centralized access to a suite of anti-money laundering (AML) tools encompassing sanctions screening, know your customer (KYC) checks, adverse media screening, payment screening, and risk scoring, officials say. FinScan Marketplace has a single interface that is intended to streamline the management of… Read More >>
Fenergo Moves Into Energy & Commodities Sectors
Fenergo, a provider of know your customer (KYC) management services, has begun offering its client and supply chain onboarding support to energy and commodities firms that want to improve operational efficiencies, data management, and regulatory obligations, officials say. Some of Fenergo’s clients are already “some of the largest energy and commodities firms,” officials say. “Historically… Read More >>
FinTech Brief: Tokenbridge Offers Tokens for KYC
A tokenization platform provider, Tokenbridge will be using blockchain technology to improve know your customer (KYC) and identification processes for a financial services data business known as the Tracing Group (TTG), officials say. The “hyper-personalized tokens create infallible, verifiable and re-usable records of personal details,” according to Tokenbridge, based in Gamlingay, Sandy, in the United… Read More >>
Fines Drop 25% in First Half of 2022: Report
You don’t think it’s good news, do you? A study reports that, at mid-year, global enforcement penalties against financial institutions (and their employees) for not complying with anti-money laundering (AML), environmental, social and governance (ESG) and data-privacy regulations have fallen by a whopping 25 percent, compared to the same period last year. They’re down this… Read More >>
NatWest Pleads Guilty to Money-Laundering Violations
A large bank is guilty of violating the United Kingdom’s money-laundering regulations. Says who? Says the bank itself. FTF News readers, who are familiar with all the ploys financial institutions employ to avoid saying they’ve done wrong (all that neither-confirming-nor-denying while paying up and agreeing to be censured), will know just how unusual that is…. Read More >>
DLT Meets Collateral Management via Partnership
CloudMargin & Ivno Bring DLT to Collateral & Margining CloudMargin, maker of a cloud-native collateral and margining solution, is working with Ivno, a financial markets tokenization vendor, to develop a collateral management solution that uses distributed ledger technology (DLT) and cloud computing, officials say. Their new strategic partnership will leverage Ivno’s DLT strengths and CloudMargin’s… Read More >>
