Latest news with #KYB
Japan Times
06-06-2025
- Business
- Japan Times
Traders scouring annual meeting filings for traces of activist shareholdings
Traders are scouring notices of annual general meetings to pick up signals about activist holdings in Japanese companies, and profit from potential spikes in stock prices. Tucked away at the bottom of a company's annual general shareholder notices is a list of the firm's top 10 shareholders, which includes names of the investors or custodians that may hint at possible activist involvement. Sumitomo Osaka Cement and auto parts manufacturer KYB were among stocks that jumped last week after activist investor Aya Nomura's name appeared in annual general meeting (AGM) letters, listed as a stakeholder. Activist investors are growing their influence in Japan, having started 89 campaigns this year compared with last year's total of 153, according to compiled data. Most campaigns demand disposal of real estate, changes in strategy and stock buybacks. The AGM filings, usually released at around 8 a.m. Tokyo time, can be a window to identify large shareholders, some of whom may be activists taking exposure to push for higher investor returns in undervalued and cash-rich companies with low price-to-book ratios. At times it is tricky to determine the identity of the investor, who may be acting through an agent. A recent case involving an account on social media platform X, going by the user name Maron, underscores the complexity of figuring out identities. The Maron handle posted a screenshot of top shareholders of J. Front Retailing, including a name of a custodian that Maron speculated was linked to an activist, triggering a share price rally which spilled over to the rest of the sector. Maron didn't provide any detail on his or her identity or background in the account's response to a request for comment. "Shares tend to rise on expectations shareholder returns will increase,' as activist investors often target cash-rich companies to push for better capital allocation, said Sohei Takeuchi, a senior portfolio manager at Sumitomo Mitsui DS Asset Management. He added that companies and activists are more aligned than before following the Tokyo Stock Exchange's push to raise corporate value. More than 80% of Tokyo-listed companies, whose fiscal year ends in March, are expected to hold shareholder meetings in the last five days of June, according to a release from the Japan Exchange Group. Their shares will be closely watched in the days ahead, with the law requiring them to post notices at least two weeks before the meetings.
Associated Press
15-05-2025
- Business
- Associated Press
AU10TIX Launches Continuous AML Risk Monitoring Powered by Premium Data Sources
Enables Businesses to Proactively Detect Emerging Risks and Counter Evolving Financial Crime NEW YORK, May 15, 2025 /PRNewswire/ -- AU10TIX, a global leader in identity verification and fraud prevention, today announced the launch of continuous risk monitoring as part of its advanced anti-money laundering (AML) solution. Driven by customer demand, this powerful capability delivers real-time risk insights across the full customer lifecycle—empowering businesses to detect behavioral anomalies and emerging threats as they arise. While traditional AML solutions screen individuals and businesses only during onboarding or periodic reviews, AU10TIX's continuous monitoring capability proactively scans top data sources including global sanctions lists, politically exposed person (PEP) databases, and adverse media in real time to detect anomalies as they emerge. The system dynamically adjusts screening intensity based on customer risk profiles and business requirements—supporting Know Your Customer (KYC) and Know Your Business (KYB) processes while ensuring adherence to evolving global regulations. The new capability provides: 'Mitigating risk requires more than just monitoring—it demands real-time intelligence powered by the best data available,' said Yair Tal, CEO of AU10TIX. 'By continuously screening against premium data sources, AU10TIX enables businesses to detect emerging threats early and act before they escalate.' AU10TIX's AML solution features a proprietary decision-making mechanism, customizable workflows, and a user-friendly dashboard to streamline risk management and due diligence processes. Leveraging real-time, high-quality data from more than 100 global sanctions lists, 1,600 government sites, and 30,000 news sources, AU10TIX ensures unmatched accuracy and speed while minimizing false positives. Its all-in-one API allows seamless integration of KYC, KYB, and AML checks, helping businesses save time, reduce costs, and enhance compliance efficiency. About AU10TIX Founded in 2002, AU10TIX is a global leader in identity verification and management, dedicated to building and securing trust between people, organizations, and digital systems. The company's advanced, AI-powered solutions safeguard the world's largest brands against sophisticated fraud. AU10TIX's future-proof product portfolio enables seamless customer onboarding and verification in as little as 4-8 seconds -- while proactively adapting to emerging threats and regulatory demands. AU10TIX offers the industry's only 100% automated global identity management system and can detect organized mass fraud attacks by analyzing traffic patterns and cross-referencing data across a consortium of over 60 leading companies. With deep roots in airport security, AU10TIX has authenticated billions of identities and prevented over $24 billion in identity fraud. AU10TIX is a subsidiary of ICTS International N.V. (OTCQB: ICTSF). Connect with AU10TIX on LinkedIn and on X at @AU10TIXLimited. For more information, visit Media Contact: Mark Prindle Fusion PR [email protected] View original content to download multimedia: SOURCE AU10TIX LIMITED
News18
05-05-2025
- Business
- News18
Pi Cryptocurrency Falls 2% Amid Market Volatility; Banxa Gets KYB Approval
Last Updated: Pi coin fell 2% to below Rs 0.60 on Monday. Banxa got KYB approval, enabling Pi purchases in 100+ countries. Pi coin dropped 80% from its peak, raising legitimacy concerns. Pi coin price fell up to 2 per cent to below Rs 0.60 per coin on Monday after gaining marginally. In the past 24 hours, the market cap of the hot cryptocurrency dropped by 1 per cent to $4.15 billion. The cryptocurrency saw a volatility in the past seven days by dropping 5 per cent. Over the period, it saw a brief rebound when the price hit 0.62 per coin-mark before falling sequentially. What's The Development? Banxa has now received KYB approval, marking a significant milestone for the Pi Network and its global community. With this approval, people in over 100 countries can now instantly buy Pi using cash through Banxa. This development improves accessibility and is expected to increase Pi Network adoption. Banxa had recently paused Pi transactions. During this time, it was believed Banxa had amassed millions of Pi at low prices, suggesting they planned to resume once regulatory approval was secured. Banxa's KYB approval means that individuals in over 100 countries can easily purchase Pi with cash, significantly boosting accessibility and global adoption. It is anticipated that more platforms, including BitMart and HTX, will also receive KYB approval within the next 10 days, indicating growing institutional support for the project. Only KYB-approved companies can legally use and trade Pi, whereas individuals engaging in peer-to-peer (P2P) transactions must be KYC-approved and utilize non-custodial wallets. A breakout above this could lead to a move towards $1, indicating stronger market confidence in the project's future. First Published: May 05, 2025, 12:04 IST
News18
04-05-2025
- Business
- News18
Pi Cryptocurrency: Price Rises 1% As Banxa Expands Access To 100+ Countries
Last Updated: Banxa's KYB approval lets users in 100+ countries buy Pi with cash, boosting Pi Network's accessibility. Pi Cryptocurrency: Banxa has now received KYB approval, marking a significant milestone for the Pi Network and its global community. With this approval, people in over 100 countries can now instantly buy Pi using cash through Banxa. This development improves accessibility and is expected to increase Pi Network adoption. Banxa had recently paused Pi transactions. During this time, it was believed Banxa had amassed millions of Pi at low prices, suggesting they planned to resume once regulatory approval was secured. Implications for the Pi Community advetisement Banxa's KYB approval means that individuals in over 100 countries can easily purchase Pi with cash, significantly boosting accessibility and global adoption. It is anticipated that more platforms, including BitMart and HTX, will also receive KYB approval within the next 10 days, indicating growing institutional support for the project. Only KYB-approved companies can legally use and trade Pi, whereas individuals engaging in peer-to-peer (P2P) transactions must be KYC-approved and utilize non-custodial wallets. 82% Drop From All-Time Peak Pi Coin price fell almost 80 per cent from its all-time peak at $3. According to Coinmarketcap, the current price hovers at $0.50 per cent. This decline has raised concerns about the legitimacy, liquidity, and trading support of the project. Pi Coin Price Prediction In the past 24 hours, Pi's price has risen by 2.5% to approximately $0, following a period of price pressure due to ongoing token unlocks. As the rate of new unlocks is expected to slow down after mid-May, selling pressure may decrease, allowing potential growth. The next significant resistance level is at $0.60. A breakout above this could lead to a move towards $1, indicating stronger market confidence in the project's future. Location : New Delhi, India, India First Published:
Yahoo
21-04-2025
- Business
- Yahoo
PingPong adopts Trulioo Business Verification solutions
PingPong, a cross border payments company, has collaborated with Trulioo to deploy its Business Verification and Watchlist Screening solutions. This initiative is aimed at reducing the reliance on manual onboarding processes and ensuring adherence to compliance standards. Trulioo offers a global identity verification platform that caters to both individual and business verification needs. PingPong, having exceeded $250bn in cumulative transaction volume, operates 32 offices worldwide and holds over 60 financial licences. Licences from authorities including the Financial Conduct Authority, the Monetary Authority of Singapore, and the Australian Securities and Investment Commission and among others. With the partnership in place, PingPong aims to broaden its international presence while meeting the Know Your Business (KYB) and Anti-Money Laundering (AML) compliance requirements through the automation of verification processes in various jurisdictions. PingPong global compliance officer Julia Yao said: 'Ensuring compliance while providing world-class, digital-first onboarding for businesses is critical to our global payments infrastructure. 'As we continue to scale and power cross-border payment services for enterprises of all sizes, automation and smart technology are fundamental to delivering fast, secure payments services. Trulioo is a vital partner as we combine our regional expertise and cutting-edge technology to automate business verification around the world.' Trulioo's Business Verification service claimed to authenticate over 700 million business entities globally, using a data network that is refreshed every 15 minutes. Its 'real-time' verification capabilities are designed to align with KYB and AML compliance demands across different markets, providing detailed information on businesses and their beneficial owners. Trulioo CEO Vicky Bindra stated: 'We're proud to partner with PingPong to help drive growth and compliance in the cross-border payments industry.' Last year, PingPong secured a payment system service provider (PJP) licence from the central bank of the Republic of Indonesia. "PingPong adopts Trulioo Business Verification solutions " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
