Steve Ward’s Post

FAQ of the day 🔍 Q: How Can My Business Benefit from Truid’s Digital Identity Solution? A: - Enhanced Security: Advanced verification methods reduce fraud and unauthorized access. - Regulatory Compliance: Meet industry standards like KYC and AML, ensuring legal compliance. - Improved User Experience: Streamlined onboarding and secure authentication enhance customer satisfaction. - Trust and Credibility: Build trust with customers in a secure digital environment. - Cost-Efficiency: Automated processes reduce manual efforts, improving operational efficiency. - Global Privacy Compliance: Facilitates compliance with global privacy laws. For more questions and answers, visit our FAQ page: https://smpl.is/9cq7a #DigitalIdentity #BusinessSolutions #EnhancedSecurity #CustomerTrust #RegulatoryCompliance

Duality's Zero Footprint Investigation and Intelligence solutions utilizes fully homomorphic encryption to satisfy cross-border and cross-domain data sharing security, privacy, and legal obligations by default. This solution greatly benefits those needing answers to questions from 3rd party, sensitive data sets: KYC, AML, investigations, intelligence activities. Learn how it works from system requirements to setup and use. https://lnkd.in/dqJunV7x

Empower your organization's fight against financial crimes with the right AML compliance solution! Dive into our latest blog to uncover the technical nuances between cloud-based and on-premise options, helping you make informed decisions tailored to your unique requirements: https://lnkd.in/dfK6RsAu #AMLCompliance #FinancialSecurity #TechSolutions

PEPs and sanctions change daily, and wasting opportunities on false alerts only helps their activities go unnoticed. 🕸️ Instead, there’s a better way to expose complex criminal webs. By vetting names in under a second using secure AML data, compliance teams can regain their time and remain continually proactive in the ever-evolving world of watchlists. A single workflow helps bring customer screening under one roof, even reducing the threat of false positives by up to 90%. That’s the power of automated KYC - see more here! 👉 https://lnkd.in/dVTqUVzn

The biggest failure when it comes to intended purpose and actual outcome? 1.     GDPR  2.     KYC KYC protocols are designed to prevent identity theft, financial fraud, money laundering, and terrorist financing by requiring businesses to verify the identity of their clients. However, in practice, these measures lead to increased bureaucracy, privacy concerns, and inconvenience for customers. An automated process where no-one cares (make sure you do not know anything about your customer). Cookie warnings, mandated by GDPR, aim to give users more control over their personal data by informing them about and seeking consent for the use of cookies on websites. While the intention is to enhance privacy and user autonomy, the actual result is overwhelming number of consent pop-ups that users find intrusive and click through without reading, thus diminishing the effectiveness of the policy.

Safeguard your practice against fraud and cyber-crime through cloud technology that does the work for you. CCH iFirm AML + Biometric KYC checks allows you to sit back and relax, while we verify your clients’ identities against official documents—all within under 90 seconds. Interested in finding out how our award-winning software can protect your practice? Learn more: https://lnkd.in/eDSuUJn5 #WoltersKluwer #WKUK #CCHiFirm #Biometrics #AntiMoneyLaundering

With over 16,000 ID types scanned and verified in under 90 seconds, you’re ensuring your clients’ identities are secure when you use CCH iFirm AML + Biometric KYC checks. Reduce costs, tighten security, and save time. Learn more about how our biometrics checks protect your practice: https://lnkd.in/eDSuUJn5 #WoltersKluwer #WKUK #CCHiFirm #Biometrics #AntiMoneyLaundering

Our next lunchtime webinar will be on the 11th September at 12.30pm. KYC - How technology can improve on-boarding, identifying & verifying client information. This free webinar will look at how technology can help improve on boarding, identifying and verifying client information, complying with AML obligations, protect against identity fraud and improve the efficiency of due diligence. We will look at the changes in legislation due to the ECCT Act and how Digital ID Verification technology can help complete due diligence to meet regulatory requirements.

🔍 Navigating the Complex World of Sanction Screening? Let AML Watcher Be Your Guide! 🔍 Sanction screening is more critical than ever in today's global business landscape. It's not just about compliance; it's about safeguarding your reputation and ensuring you're not unwittingly supporting illicit activities. That's where AML Watcher comes in! Our cutting-edge technology streamlines the sanction screening process, ensuring you stay ahead of regulatory changes and protect your business from potential risks. 🌐 Global Coverage: Stay updated with real-time global sanction lists. 🛡️ Enhanced Security: Advanced algorithms to detect and prevent financial crimes. 📈 Improved Efficiency: Reduce false positives and save valuable time. Interested in seeing AML Watcher in action? Let's schedule a demo and explore how we can strengthen your compliance program together! #SanctionScreening #AML #Compliance #FinancialSecurity #RegTech #Demo