Many financial firms have made Salesforce the go-to solution for customer relationship management (CRM) however connecting Salesforce with the internal and external systems needed to execute customer screening and associated risk assessment is far from easy. Banks, Fintech companies and payment businesses are forced to manually extract and duplicate data from Salesforce to complete required …
In any compliance program in any financial institution or corporation, everything must be pivoted on having strong controls. At risk of hefty fines, businesses need to understand what their sanction risks are, where there are risks and how are they managing those risks. However, keeping up with ever-changing Politically Exposed Persons (PEP) and Sanctions lists …
W2 fights compliance false positives with improved matching logic Read More »
With a few mouse clicks, exploiting death for the purposes of identity fraud is easy and very profitable work. Newspaper obituaries used to be the perfect place for an identity thief to obtain a potential victim’s full name, maiden name, date of birth, place of birth, place of residence at death, mother’s maiden name, and …
As part of our strategy for providing the best customer experience W2 have a full suite of integration options including a REST API which complements our SOAP XML API, further strengthening our One API To Rule Them All message.
Ghost fraud happens when criminals use the identities of deceased people to perpetrate fraudulent activities. According to the Disclosure of Death Registration Information (DDRI), over half a million people pass away in the UK every year. Knowing who within your prospect or customer database has died is of the utmost importance: Receiving communications intended for …
When onboarding new customers into your business, are you checking every email address presented for any number of different risk factors including how old that particular email address is?
With testing complete, we’ve now launched the W2 Status Page; a new means of keeping our clients informed of service disruptions, planned or possible outages as well as providing retrospectives (also called Root Cause Analyses). Such publicly facing status page help us further build customer trust and showcase the reliability of our platform with historical …
In the modern world of software development, it is simply not enough to build the best product, service or offering on the market. Mindful of the fines and sanctions outlined within the EU GDPR, and ‘leaks’ of Personal Identifiable Information (PII) continuing to dominate the news headlines, all companies now need to have a highly …
Know Your Customer (KYC) poses industry-wide challenges and it will continue to do so unless we – as a #RegTech supplier – take proactive steps to cultivate positive change. As regulatory pressure on banks and corporates alike intensifies, the volume of KYC information required also increases. And as to compound the problem, many of these …
Given breakthroughs in analytics, the better use of ‘big data’ and the continued growth of the Fintech scene, APIs are receiving renewed attention to enhance the delivery of financial services to both retail and business markets. Although the core API value proposition lies in streamlining the systems integration, there is a fine line to walk …
