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!

smartKYC Wins ‘Best Financial Crime Solution’ at the RegTech Insight APAC Awards, 2022

Adverse Media | AI | Awards | ESG | Explainable AI | Fintech

29 November, 2022

We have won the award for ‘Best Financial Crime Solution’ at the RegTech Insight APAC Awards!

What is Adverse Media? No, we don’t mean another definition…

Adverse Media | ESG | Explainable AI | Fintech

25 November, 2022

It is well known that ‘adverse media’ screening is the process of searching for negative news and other data sources about an individual or company for due diligence purposes.

smartKYC Wins ‘Best Financial Crime Solution’ at the RegTech Insight USA Awards 2022

Adverse Media | Awards | Explainable AI | Fintech

17 November, 2022

We have won the award for ‘Best Financial Crime Solution’ at the RegTech Insight USA Awards!

Adverse Media Screening: 10 Best Practices – Part 3, Tips 7-10

Adverse Media | Continuous Monitoring | Explainable AI | KYC

2 November, 2022

In this final article, we share our last set of best practices for Adverse Media Screening, a tool increasingly important for individuals and companies in monitoring online news and media.

smartKYC Wins ‘Best ESG KYC Surveillance Provider’ in ESG Insight Awards 2022

Awards | Explainable AI | KYC

25 October, 2022

We are honoured to announce we have won the award for Best ESG KYC surveillance provider at the ESG Insight Awards 2022!

Adverse Media Screening: 10 Best Practices – Part 2, Tips 4-6

Adverse Media | AI | Continuous Monitoring | KYC

30 September, 2022

This article continues with tips 4-6 for better implementing a continuous or high-frequency negative news screening programme.

Adverse Media Screening: 10 Best Practices – Part 1, Tips 1-3

Adverse Media | AI | Continuous Monitoring | KYC

15 September, 2022

Adverse media screening, sometimes referred to as negative news screening, is essentially the process of searching an individual or company for adverse news or media relating to them, which can be found in open source intelligence online.