The EU Corporate Sustainability Directive’s Impact on Multinational Corporates

Adverse Media | Continuous Monitoring | ESG

27 July, 2023

On June 1, 2023 the EU Parliament paved the way for regulation that will have fundamental implications for the way companies operating within the EU assess and monitor their supply chains for the risk of human and environmental rights violations.

KYC Screening in Private Banking & Wealth Management

Adverse Media | AI | Continuous Monitoring | KYC

14 July, 2023

The current role of KYC screening in PBWM KYC screening plays a crucial role in PBWM industry, ensuring compliance with regulations, mitigating financial risks, and maintaining the integrity of the financial system. As the industry evolves, the adoption of digital KYC screening processes becomes increasingly important to streamline operations. However, this sector faces unique challenges

A Brief History of Adverse Media Screening

Adverse Media | AI | Continuous Monitoring | KYC

17 May, 2023

Adverse media screening dates back several decades and has evolved alongside the changing media landscape.

smartKYC Wins ‘Best AI/ML Solution for ESG’ at the ESG Insight Awards, 2023

AI | AML | Awards | ESG | Explainable AI | GDPR | KYC

12 May, 2023

We have won the award for ‘Best AI/ML Solution for ESG’ at the ESG Insight Awards!

Structuring the Unstructured: The Challenges of Screening Open Source Intelligence

Adverse Media | AI | AML | Continuous Monitoring | Explainable AI | GDPR | KYC | Onboarding

30 March, 2023

KYC (Know Your Customer) screening is an essential process for businesses to identify and verify their clients’ identities as well as surfacing any potential risks associated with them. This process helps mitigate the risk of financial fraud, money laundering and other illegal activities by following KYC regulations. The information gathered during KYC screening can come from various sources, including both structured and unstructured data sets; processing these data sets presents several difficulties that businesses must overcome.

Mike Byrne Appointed as smartKYC’s New Business Development Director

Fintech | KYC | New Hire | Regtech

7 March, 2023

smartKYC announces Mike Byrne as the company’s new Business Development Director.

GDPR and KYC – Living Together in Perfect Harmony?

Adverse Media | Continuous Monitoring | Explainable AI | Fintech | GDPR | KYC | Regtech

23 February, 2023

The General Data Protection Regulation (GDPR) and Know Your Customer (KYC) screening are two important regulatory frameworks in the world of data protection and financial services. GDPR and KYC screening can conflict in several ways, particularly in relation to the collection and storage of personal data. However, it is mandatory for organizations to comply with both by carefully balancing the requirements of each and taking appropriate measures to protect personal data.

Perpetual KYC v Periodic Refresh – A False Choice?

Adverse Media | Continuous Monitoring | KYC

26 January, 2023

Perpetual KYC (pkyc) has become a buzz phrase in the last few years due to a combination of heightened scrutiny from regulators and huge advancements in automation technology. In this article, smartKYC’s CEO Dermot Corrigan provides insight on the definition of perpetual KYC, the implications for other KYC monitoring activities, such as periodic refresh, and points to some of the solutions that can meet the technical challenges perpetual KYC presents.

2022: A Year in Review

Awards | Conference | Fintech | KYC | Regtech

31 December, 2022

In 2022 we planned ahead and took an active approach to new regulations, sharing our opinions on several industry trends and creating new solutions for industry trends. Our 2022 AML research gave insight to key industry shifts.

Negative News Screening: Processing Foreign Languages

Adverse Media | AI | Continuous Monitoring | Explainable AI | Fintech | KYC

19 December, 2022

As we addressed in our latest adverse media post, there is an array of categories—and subcategories— of negative news screening that need to be properly screened for accurate and relevant results. But how do people look for and analyse adverse media in foreign languages? And why is this still so difficult?

smartKYC Comment on the Wolfsberg Principles for Using Artificial Intelligence and Machine Learning in Financial Crime Compliance

AI | Explainable AI | Fintech | KYC

9 December, 2022

On 1st December 2022, the Wolfsberg Group published its Principles for Using Artificial Intelligence and Machine Learning in Financial Crime Compliance. It is a welcome piece of commentary and advice and is inline with our thinking at smartKYC.

smartKYC Wins ‘Best Proposition for AI, Machine Learning’ at the Data Management Insight Europe Awards 2022

AI | Awards | Explainable AI | Fintech

1 December, 2022

We have won the award for ‘Best Proposition for AI, Machine Learning’ at the Data Management Insight Europe Awards!