Rising to the challenge
(WorldNews Belgium)

A new FinTech solution developed by technology startup identitii is set to improve the way in which banks share information by enhancing payment messages with detailed information. The solution, which uses tokens to exchange rich information between banks or branches, was selected during last year`s Innotribe Industry Challenge. The challenge within the financial industry The issue of effective information sharing has become more crucial in light of the growing regulatory focus on financial crime compliance. Banks` back office systems need to keep abreast of increasingly stringent regulations in the areas of sanctions screening, anti-money laundering (AML) and Know Your Customer (KYC)....