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Managing complex corporate structures involves identifying and linking all parties within a structure back to the root entity. Traditionally, this is a manual process handled by compliance teams, making it both time-consuming and prone to human error. KYC Portal (KYCP) is addressing this challenge by automating the process, enabling businesses to validate data with the click of a button.For companies that need to onboard institutional clients for anti-money laundering (AML) and due diligence purposes, determining ownership structures is a daily challenge.The task is particularly complex when dealing with trusts, foundations, partnerships, and other multi-layered entities. When key individuals appear multiple…

The “bromance” between United States President Donald Trump and tech billionaire Elon Musk was on full display on Tuesday when the White House South Lawn was transformed into a miniature Tesla showroom. Musk lined up Tesla cars to showcase the electric car producer’s latest innovations while Trump promised to brand anyone vandalising a Tesla car a “domestic terrorist” following reports of a spate of vandalism and arson attacks on Tesla cars across the country. Trump, known for his strong stance on domestic manufacturing and business leadership, has given Musk a prominent role in his new administration as leader of the…

Antonio Guterres’s visit comes after the UN food agency says it may have to halve food vouchers for the Rohingya starting next month.United Nations Secretary-General Antonio Guterres has visited Rohingya refugees in Bangladesh as their food rations face drastic cuts next month, threatening already dire living conditions in the world’s largest refugee settlement. Guterres’s visit on Friday to the border district of Cox’s Bazar is seen as critical, after the UN World Food Programme (WFP) announced potential cuts to emergency food supplies following the shutdown of USAID operations. Starting in April, the WFP may be forced to reduce food vouchers…

Montreal, Canada – It happened in early January. But for many Canadians, Justin Trudeau’s announcement that he planned to resign as Canada’s prime minister already feels like a lifetime ago. That’s because, in the weeks since, the country has been upended by a series of unprecedented shifts coming from south of the border. Canada is facing the prospect of a prolonged trade war with the United States, and US President Donald Trump has repeatedly threatened to annex the country, fuelling widespread anger and uncertainty. Now, as Trudeau is set to formally step down on Friday – clearing the way for…

SymphonyAI has launched an upgraded version of its Proceedix Connected Worker product, designed to enhance frontline worker efficiency and help organisations meet compliance standards.The latest release introduces features that simplify feedback collection, improve security, and ensure adherence to strict regulatory requirements such as GxP compliance.To enhance frontline efficiency, Proceedix Connected Worker now includes an operator suggestions feature, allowing workers to provide real-time feedback while executing tasks.This functionality creates a dynamic feedback loop, improving work instructions and operational workflows.Workers can submit feedback via text, images, audio, or video, with all suggestions logged in the execution history for administrators to review and…

SymphonyAI has launched an upgraded version of its Proceedix Connected Worker product, designed to enhance frontline worker efficiency and help organisations meet compliance standards.The latest release introduces features that simplify feedback collection, improve security, and ensure adherence to strict regulatory requirements such as GxP compliance.To enhance frontline efficiency, Proceedix Connected Worker now includes an operator suggestions feature, allowing workers to provide real-time feedback while executing tasks.This functionality creates a dynamic feedback loop, improving work instructions and operational workflows.Workers can submit feedback via text, images, audio, or video, with all suggestions logged in the execution history for administrators to review and…

Visa has introduced its latest measure in the fight against financial fraud: the Visa Scam Disruption (VSD) initiative. This new department, which is part of the Visa Payment Ecosystem Risk and Control (PERC), boasts a remarkable track record, having saved potential victims $350m from various scams in the past year alone. This adds to the impressive $40bn that PERC prevented in attempted fraud across the Visa network during the same period.The establishment of VSD underscores Visa’s ongoing commitment to enhancing security and reducing fraud through significant technological investments, which have totalled over $12bn in the past five years. Paul Fabara,…

Visa has introduced its latest measure in the fight against financial fraud: the Visa Scam Disruption (VSD) initiative. This new department, which is part of the Visa Payment Ecosystem Risk and Control (PERC), boasts a remarkable track record, having saved potential victims $350m from various scams in the past year alone. This adds to the impressive $40bn that PERC prevented in attempted fraud across the Visa network during the same period.The establishment of VSD underscores Visa’s ongoing commitment to enhancing security and reducing fraud through significant technological investments, which have totalled over $12bn in the past five years. Paul Fabara,…

Visa has introduced its latest measure in the fight against financial fraud: the Visa Scam Disruption (VSD) initiative. This new department, which is part of the Visa Payment Ecosystem Risk and Control (PERC), boasts a remarkable track record, having saved potential victims $350m from various scams in the past year alone. This adds to the impressive $40bn that PERC prevented in attempted fraud across the Visa network during the same period.The establishment of VSD underscores Visa’s ongoing commitment to enhancing security and reducing fraud through significant technological investments, which have totalled over $12bn in the past five years. Paul Fabara,…

The Financial Data and Technology Association of North America (FDATA) has presented a compelling appeal to Canada’s Department of Finance, emphasizing the need to accelerate the implementation of Open Finance in the upcoming Budget 2025.According to Open Banking Expo, in a robust submission responding to the Department’s pre-budget consultation, FDATA has outlined strategic recommendations to refine the initial Open Banking regime and promote a competitive and innovative financial environment.Highlighting the significance of Open Banking, FDATA advocates for a swift and well-regulated rollout, ensuring that Canadian consumers and SMEs gain comprehensive access to its benefits. The association stresses the importance of…