Latest news with #KnowYourBusiness
Techday NZ
20 hours ago
- Business
- Techday NZ
AU10TIX unveils AnyDoc AI tool to combat document fraud risk
AU10TIX has launched AnyDoc Authentication, extending its fraud detection and authentication services to cover a broader range of non-identity documents frequently used in various business operations. The new capability targets documents such as utility bills, bank statements, and tax filings, which have become common vectors for fraudsters who seek to bypass conventional identity checks. AnyDoc Authentication leverages artificial intelligence, forensic forgery detection, and metadata analysis to expose forged, tampered, or synthetic documents. According to AU10TIX, the system performs more than 150 AI-driven forgery tests and processes documents in 5–20 seconds, achieving up to 99.99% accuracy and reducing manual reviews by 90%. Detection features AnyDoc Authentication is designed to flag manipulated text, font inconsistencies, synthetically generated content, and anomalies in document structure. It also validates metadata by cross-checking elements such as timestamps, issuing bodies, and creation trails to ensure document integrity. The product supports the verification of both PDFs and image files without compromising accuracy. Document classification is performed within three seconds, enabling businesses to achieve near-instant authentication and decision-making capabilities. AU10TIX Chief Executive Officer Yair Tal said, "Effective fraud prevention demands more than identity verification; it is built on ensuring the authenticity of every supporting document. With AnyDoc Authentication, we are redefining the standard for non-ID document authentication, enabling organizations to detect fraud at its source, before it infiltrates their systems. This is more than just a security feature; it's a critical layer of defense that fosters trust, mitigates risk, and closes the gaps fraudsters aim to exploit." The system has been customised for use in regulatory compliance frameworks including Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML). It cross-references data extracted from the documents with trusted third-party sources. This process is designed to minimise the occurrence of false positives, facilitate compliance workflows, and mitigate the risk of synthetic and deepfake document attacks. Industry support AnyDoc Authentication is designed for sectors where both the volume and risk of document fraud are high. In education, it enables the validation of enrolment documents, scholarships, and institutional partnership records. The finance and banking sector can use the tool to identify fraudulent loan applications, tampered financial statements, and unauthorised tax filings. For corporate compliance teams, AnyDoc Authentication facilitates the authentication of supplier contracts, business registrations, and tax records required for Know Your Business (KYB) processes. In travel and hospitality, it can be used to verify address proofs, a variety of travel documents, and materials used for guest onboarding. The product is also available to organisations in the crypto and payments sectors for the detection of fraudulent merchant registrations and the authentication of cross-border KYC submissions. Healthcare providers may use it to confirm the authenticity of insurance documents, prescriptions, and provider credentials. Operational context AU10TIX stated that AnyDoc Authentication aims to provide real-time fraud detection and support organisations in implementing compliance frameworks. By automating the analysis and validation of non-ID documents, the company believes the solution can enable businesses to scale their onboarding and due diligence operations more efficiently while maintaining regulatory standards.
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
Zawya
05-05-2025
- Business
- Zawya
Digital Afrique Telecom (DAT) partners with IDCanopy to Launch Central Bank of West African States (BCEAO)-Compliant Know Your Customer (KYC) Solutions for West African Financial Institutions
Digital Afrique Telecom (DAT) ( a leading digital solutions provider in West Africa, today announced a strategic partnership with IDCanopy, Europe's trusted compliance and identity verification platform, to deliver cutting-edge Know Your Customer (KYC) and Know Your Business (KYB) services fully compliant with the latest regulations from the Central Bank of West African States (BCEAO). This collaboration combines DAT's deep regional expertise with IDCanopy's globally recognized compliance technology, empowering banks, fintechs, microfinance institutions, and other financial entities in the UEMOA region to meet stringent BCEAO requirements for anti-money laundering (AML), counter-terrorism financing (CFT), and customer due diligence (CDD). The DAT-IDCanopy solution ensures end-to-end compliance with BCEAO's Instruction No. 001-03-2025, which mandates robust internal controls for AML/CFT. The platform integrates real-time sanction and Politically Exposed Person (PEP) screening, transaction monitoring, and audit trails to meet regulatory reporting standards. Additionally, the partnership emphasizes lifetime compliance by continuously monitoring Ultimate Beneficial Owners (UBOs), directors, and supply chains, ensuring institutions adapt to evolving risks and regulatory updates. Leveraging AI-powered document verification, biometric authentication, and government-issued eID integration, the solution automates customer and business onboarding while minimizing manual intervention. This reduces processing times and fraud risks. The inclusion of legally binding Qualified Electronic Signatures (QES), compliant with eIDAS and ZertES standards, further enhances security and operational efficiency, enabling institutions to execute contracts and approvals digitally with full legal validity. Designed for the UEMOA region, the solution addresses local regulatory priorities while supporting cross-border transactions through IDCanopy's universal KYC instruments. Financial institutions gain access to a hybrid framework that combines region-specific due diligence with global best practices, ensuring seamless compliance for both domestic and international operations. The partnership directly responds to BCEAO's heightened focus on combating financial crime. Key priorities include enhanced due diligence for PEPs, mandatory reporting of suspicious transactions within 24 hours, and annual audits of internal control systems. The solution also supports BCEAO's push for secure digital identity verification, offering remote onboarding tools that meet stringent authentication requirements without compromising accessibility. Simplice Anoh, CEO of DAT, stated, 'In a rapidly digitizing economy, trust and compliance are non-negotiable. By integrating IDCanopy's proven technology, we empower West African financial institutions to onboard customers faster while fully meeting BCEAO's rigorous standards. This partnership underscores our commitment to driving financial inclusion without compromising security.' IDCanopy Founder and CEO, Bernhard Reiterer added, 'Our collaboration with DAT bridges European compliance excellence with West Africa's unique regulatory landscape. Together, we're setting a new benchmark for secure, scalable KYC solutions that combat financial crime and foster economic growth.' Availability The DAT-IDCanopy KYC suite is available immediately via API, SDK, or hosted page. Financial institutions can request a customized demo or compliance consultation by contacting DAT today. Distributed by APO Group on behalf of Digital Afrique Telecom. Media Contact: Digital Afrique Telecom Phone: +225 07 07 966 134 Email: About Digital Afrique Telecom (DAT): Digital Afrique Telecom (DAT) is a pan-African mobile technology company leader in digital transformation, offering telecom, fintech, and regulatory compliance solutions across the UEMOA region. Present in over 20 African countries, DAT is specialised in development, aggregation, hosting and sales of mobile content and solutions. Working with key industry players such as Airtel, MTN and Orange, DAT can access over 40 mobile operators based in Africa and more than 110 million subscribers of mobile services. DAT provide smart, reliable and bespoke mobile technology services for mobile operators in various industries such as health, education and financial services. About IDCanopy: IDCanopy, headquartered in Vienna, Austria, is a market leader in compliant customer onboarding, providing integrated KYC/KYB, eSigning, and AML solutions trusted by banks, insurers, and governments globally.
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
Yahoo
08-04-2025
- Business
- Yahoo
eGifter SmartKYB™ Goes Global to Streamline Vetting of B2B Gift Card Buyers
Person running SmartKYB™ validation on computer HUNTINGTON, N.Y., April 08, 2025 (GLOBE NEWSWIRE) -- eGifter announces the global availability of its award-winning business verification platform, eGifter SmartKYB™, built to help merchants, brands, and partners onboard B2B gift card buyers faster and more securely. Initially launched in the U.S., the platform now supports international programs and fraud prevention. According to a 2024 study by Market Research Future, loyalty and incentive gift cards are the fastest-growing segment of the industry, fueled by rising demand for digital rewards in employee, customer, and channel programs. But as the market expands, so does the potential for fraud, especially in bulk and B2B sales. To stay ahead, businesses are turning to Know Your Business (KYB) protocols to verify the legitimacy of buyers. eGifter SmartKYB™ was built to make that process easier, faster, and more secure. 'eGifter SmartKYB reduces B2B onboarding time by over 80%, freeing teams to focus on real customers instead of chasing paperwork,' said Tyler Roye, CEO and Co-Founder of eGifter. 'It's not just a compliance and fraud solution. It's an operational win that also helps businesses build stronger relationships with the customers that matter.' Recognized with the 2024 Incentive Marketing Association (IMA) Excellence Award for Innovation & Technology, the platform automates the collection and organization of critical verification data, giving teams everything needed to make faster, more informed decisions. The secure, customizable workflow supports internal reviews with: Business verification data for U.S. and international entities AML and watchlist screening results from global risk databases Bank verification documentation to support due diligence Custom risk rule settings to highlight key fraud indicators eGifter SmartKYB™ is available to merchants, processors, and B2B partners—even without other eGifter services. As a stand-alone platform, it speeds up onboarding while keeping businesses in control of approvals. To learn more or request a demo, visit: About eGifter eGifter is a gift card technology company delivering everything gifting across B2C, B2B, and merchant-branded programs. At consumers shop thousands of gift cards for personal gifting and everyday purchases. Businesses rely on eGifter Rewards™ and Rewards Express™ to send bulk gift cards for employee incentives, customer rewards, points redemption, and promotions. eGifter Merchant Solutions powers first-party gift card programs for top retailers and merchants, offering white-label storefronts, B2B programs, appeasement tools, global payment capabilities, and more. Learn more at or A photo accompanying this announcement is available at CONTACT: Contact: Shelley Hunter shelley@ in to access your portfolio
