A front. A shell. A dummy corporation. While there are many ways to name it, the purpose is to shield another company from liability or scrutiny. There are legitimate reasons for setting these up in many cases, such as protecting privacy or limiting liability.

Most of us suspect that, mainly…


Once the Corporate Transparency Act (CTA) comes into effect, U.S. companies will have to report their Ultimate Beneficial Owner (UBO) information to the Financial Crimes Enforcement Network (FinCEN). …


If you feel like businesses are speeding up, it’s not just you. There are many macroeconomic trends impacting the historic patterns that we see in the market today — an accelerated pace of financial services digitization, industry transformation due to COVID-19, a rise in the prevalence of digital assets such…


The ever-evolving shift to digital means that most of our day-to-day activities are carried out online. We’re now accustomed to simply toggling through a few apps to book a ride, order dinner and scroll through content from friends and public figures alike. …


Innovations in real-time payments (RTP) promise instant settlement and built-in end-to-end channels to improve clarity and transparency for payment communications.

RTP is not new. According to FIS’ Annual Global Faster Payments Report, 56 countries already have RTP systems. In 2019, China alone saw more than 16 billionreal-time payment transactions. Numerous…


Enhancing KYC checks by combining electronic identity verification and ID document verification

Signing up new financial service customers online or via mobile requires a multi-layered approach that integrates best-in-class identity verification and authentication solutions. …


Regulatory technology (regtech) seeks to provide “nimble, configurable, easy to integrate, reliable, secure and cost-effective” regulatory solutions. In the EU, the European Banking Authority (EBA) has the authority to help drive innovative regtech services and regulatory alignment. …


The global pandemic prompted an unprecedented surge in online life. From shopping for groceries to job interviews and more, many of our daily activities moved from being predominantly in-person to predominantly online — and that included education.

With millions of students worldwide abruptly attending classes remotely, it begged the question…


Following the dramatic rise in investment in cryptocurrencies and Bitcoin over the last few years, regulators are now setting their sights on this dynamic, rapidly evolving corner of the financial services industry. …


What is financial inclusion? Financial inclusion is about providing equal access and opportunities to financial services. Without essential financial services, 1.7 billion unbanked people face challenges in saving money, paying bills, overcoming cash flow problems and building up credit to fund more significant purchases.

Improving financial access for these people…

Trulioo

Trulioo is the leading global identity verification provider helping businesses meet #AML #KYC and #KYB compliance https://www.trulioo.com/blog/

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