What is Fintech and why it is transforming many different industries

by Sergio Sánchez Caballero | Aug 31, 2020 | Digital Onboarding, KYC & AML

Fintech has transcended the financial and banking sectors to begin to spread over other areas. Its way of understanding innovation and the development of pioneering solutions based on the latest technological applications has led other sectors to take its...

Fraud prevention and risk management: Tech innovation as the best ally

by Sergio Sánchez Caballero | Jul 21, 2020 | eIDAS regulation, AML5 and AML6, KYC & AML, Solutions

Risk management is one of the main areas of action and prevention in both private companies and public organizations. This concept means assuming a commitment to prevention and avoiding unplanned contingencies or limiting the harmful effects that may arise from the...

What is RegTech and which companies are setting the trend

by Sergio Sánchez Caballero | Jul 13, 2020 | KYC & AML, Solutions

The RegTech concept is increasingly present in business reality today. It is a term that was born after the financial crisis of 2008, when regulators understood the need to develop new rules that are more effective and that anticipate the imminent transformation and...

AML (Anti-Money Laundering) and its compliance guidelines

by Sergio Sánchez Caballero | Jun 8, 2020 | KYC & AML, KYC & AML

AML, Anti-Money Laundering, also known as Prevention of Money Laundering, is closely related to the KYC (Know Your Customer) process. It is important to understand the magnitude of the risks associated with money laundering. These criminal practices are a really...

What is Due Diligence and its relationship with KYB and KYC

by Sergio Sánchez Caballero | Jun 2, 2020 | Digital Onboarding, KYC & AML

The term Due Diligence is used in different ways. Its use and application vary depending on the sector, area or type of process in which it is implemented.  It is generally used for concepts and situations in which an investigation must be carried out of a...

Selfie-based identification solutions are not KYC/AML compliant

by Sergio Sánchez Caballero | Apr 20, 2020 | eIDAS regulation, AML5 and AML6, KYC & AML, International

Identification solutions that allow customer identification by taking pictures of ID documents and selfies of the user’s face do not comply with regulations about money laundering and terrorist financing (AML, Anti-Money Laundering), especially in the financial...