Category: Digital onboarding

Operational efficiency at scale: lessons for fintechs

July 22, 2025

The introduction of fintech – an umbrella term for a range of payments providers, lenders, non-banking services, and more – has seen a proliferation of accessible finance in local and global markets. Fintech has created a whole new market, rocking the status quo of the financial space. Fintech’s continuing uptake has meant dominant financial institutions … Continued

Balancing growth and KYC/KYB compliance in a scaling ecosystem

July 17, 2025

Diversity in the financial world has been unavoidable. Once, personal finance only meant opening bank accounts in person at a branch. Those days feel lost to the past.  Fintechs emerged to remedy various financial challenges and compete with traditional mortgage lenders and brick-and-mortar banks. They are moving with the times and emphasising digitalisation and customer … Continued

How generative AI is revolutionising identity theft and digital fraud

July 16, 2025

As generative AI technology becomes more sophisticated, cybercriminals are leveraging deepfake technology and AI-powered tools to commit AI identity theft on an unprecedented scale. This comprehensive analysis examines the growing threat of AI-enabled fraud and explores how South Africa and global institutions respond to protect our digital identities. Artificial intelligence’s multifaceted operational and creative uses … Continued

Negative news screening: A fundamental component of AML compliance

March 26, 2025

Detect risks in real-time, reduce false positives, and ensure regulatory compliance by monitoring global data sources for negative news. Protect your business—discover smarter AML solutions with RelyComply.

The KYC Market Guide for Banks: Compliance and Risk Management Trends 2025

February 5, 2025

In 2025, Know Your Customer (KYC) solutions will become critical for banks and financial institutions seeking to strengthen their anti-money laundering (AML) frameworks. Driven by increasing regulatory demands, sophisticated financial crimes and expectations for seamless customer experiences, emerging trends like decentralised identity (DCI) and perpetual KYC (pKYC) are reshaping how financial institutions approach compliance and … Continued

KYB vs KYC: Understanding the Differences and Importance in AML

August 14, 2024

This article discusses the nuances of KYB vs KYC, exploring their differences, importance, and implementation in the context of AML compliance.  As regulatory scrutiny intensifies, financial institutions must implement comprehensive due diligence measures to mitigate risks associated with money laundering, terrorist financing, and other financial crimes.  At the heart of these measures lie two critical processes: … Continued

Beyond Due Diligence: How AI-Enhanced KYB is Reshaping AML Practices

August 6, 2024

The interconnected and digital nature of today’s global financial system has amplified the challenges of money laundering and terrorism financing. These constantly evolving threats demand a fundamental shift in our countermeasures, as conventional approaches, based on manual reviews and rigid rule systems, are struggling to keep pace with increasingly sophisticated criminal tactics.  This article explores … Continued

Uncovering Hidden Risks: Advanced KYB Techniques for AML Professionals

July 11, 2024

In today’s rapidly evolving financial landscape, the sophistication of money laundering schemes has reached unprecedented levels. As Anti-Money Laundering (AML) professionals, we face an ongoing challenge to stay ahead of criminals who constantly adapt their methods to exploit weaknesses in compliance systems. Traditional Know Your Business (KYB) procedures, while foundational, are no longer sufficient to uncover the … Continued

Streamline your Customer Onboarding: Navigating KYC and CDD using Innovative Technology

May 21, 2024

Striking the right balance between providing a seamless customer onboarding experience and ensuring robust compliance measures can be a delicate endeavour. This article explores strategies and best practices for streamlining the KYC/CDD process that can enable businesses to navigate anti-money laundering (AML) regulations while still enhancing the overall customer experience. The Regulatory Landscape: Understanding KYC and CDD … Continued

RelyComply’s AML innovation recognised by the newly launched FinCrimeTech50

May 7, 2024

We’re proud to announce that RelyComply has been included in the first edition of the FinCrimeTech50 list, founded by specialist research company FinTech Global. The list celebrates trend-setters and pioneering technology companies reinventing the anti-money laundering (AML) and fraud prevention space. The timing is perfect: an estimated 50% of financial institutions are searching for new solutions … Continued