Uncategorised Archives | W2 Global Data

08
Oct

By Ben Preston-Marriott, On 8th October 2020

Why Is Fraud Prevention Important?

Fraud continues to pose a major threat to both the UK and International economies and individual businesses. As criminals become more imaginative in their attempts to steal customers’ money, now more than ever businesses must have the correct measure in place to prevent large scale fraudulent activity. In the 2020 Global Economic Crime Survey, a monumental $42,000,000,000 was reported as fraud...

18
Sep

By Peter Murray, On 18th September 2020

Safer Gambling: Are KPI’s The Key To Accountability, Trust, And Sustainability?

The whole issue of ‘safer’ gambling and harm minimisation is much discussed. It will clearly play a critical role as the industry looks to gain trust and ensure sustainability in the face of media, political and public pressure. That focus has accelerated the drive to better understand both the issues and the potential solutions and certainly every regulator, new or...

09
Sep

By Ben Preston-Marriott, On 9th September 2020

What Is Anti-Money Laundering?

Following on from our explanation of the importance of Know Your Customer, this piece will focus on Anti-Money Laundering (AML). Money laundering is the process of hiding the true source of funds normally applied to money that has been obtained from an illegal source. Governments across the globe are committed to preventing the use of illicit funds and are implementing ever increasing levels of Anti-Money...

By Richard Evans, On 3rd September 2020

W2 and Vizolution Announce Strategic Partnership

Vizolution and W2 have announced they have formed a strategic partnership to integrate W2’s range of customer due diligence solutions into Vizolution’s customer experience technology suite. Vizolution, a market-leading technology provider headquartered in Swansea, helps global enterprises, including some of the world’s leading banks and telco companies, replicate the qualities of face-to-face interactions in remote channels, streamlining complex customer transactions...

26
Aug

By Ben Preston-Marriott, On 26th August 2020

What Does it Mean to Know Your Customer?

Thank you, Warren, for setting the scene on what W2 is all about. It is safe to say the Regtech market loves an acronym, so it’s over to me to enlighten you on their meanings. Know Your Customer, otherwise known as KYC, is a tool that more and more businesses are adopting to ensure the ease of their customer onboarding, and the accuracy of who the people are that are being onboarded....

18
Aug

By Warren Russell, On 18th August 2020

W2: Back To Basics. Who Are W2?

The History of W2 Before W2 Global Data, I started my career in financial services in 1998 and despite a brief foray into the world of demolition, or ‘real work’ as my dad would call it. I then transitioned from a user of regulatory technology to being a retailer of compliance solutions in 2008. Having worked in the provider side of the fence, I decided to start W2 in 2011. After...

By Peter Murray, On 6th August 2020

Pay360: Different Sector, Same Challenges?

From Covid driving the ‘legitimisation’ of fintech to ‘sitting’ at a virtual table on the eighth floor of a networking room, it was an eventful introduction to the payments sector for W2 head of sales Peter Murray. Here are his thoughts about the sector and what is driving it. Coming away from my first Pay360 I found the event and...

05
Aug

By Richard Evans, On 5th August 2020

Lanistar Chooses W2 To Power Its New Banking Alternative

W2, the leading provider of real-time digital solutions for global regulatory compliance, announced today that it has joined forces with Lanistar, to help power its new hassle-free banking alternative. The company will use polymorphic technology to provide a customer-focused alternative to traditional banking services when it launches in Winter 2020. Lanistar is accessing the entire suite of identity services via...