3 11, 2022

Money 20/20 Las Vegas Recap

2022-11-08T15:47:12-05:00

This year’s Money 20/20 conference in Las Vegas was buzzing with energy that exceeded our expectations. There were many hot topics over the course of 4 days, but Embedded Finance was by far the talk of the show.   One major example of the digitation of Fintech is Embedded Finance. Embedded Finance is when non-financial companies offer financial products and services that are typically provided by financial service companies. Some examples of Embedded Finance are payment services [...]

Money 20/20 Las Vegas Recap2022-11-08T15:47:12-05:00
1 11, 2022

2022 ACAMS Las Vegas Recap

2022-11-03T09:59:55-04:00

Vital4’s team had a wonderful time in Las Vegas at ACAMS 2022! We spent quality time with our partners, had insightful conversations, and met many new friends along the way. As always, we would like to share some highlights from our experience.   During the show, attendees delved into top-of-mind topics such as the continued expansive sanctions following Russia’s invasion in Ukraine and the importance of financial institutions evolving with tech trends and criminal activity.   The [...]

2022 ACAMS Las Vegas Recap2022-11-03T09:59:55-04:00
12 08, 2021

Why People Are Exploring New Options with Compliance and Risk Management relating to global AML regulatory requirements

2021-08-12T11:16:53-04:00

While legacy providers have been around the longest, many of them have antiquated solutions that are no longer the best in the market. For that reason, people are beginning to explore new options when it comes to managing compliance risk. The industry has had to adapt and evolve particularly over the last year. With regulations changing frequently, and a record increase for money laundering and regulatory fines, which are expected to continue rising, there has never [...]

Why People Are Exploring New Options with Compliance and Risk Management relating to global AML regulatory requirements2021-08-12T11:16:53-04:00
25 06, 2021

AML Act of 2020

2021-08-04T12:51:11-04:00

Wealthy and influential individuals and companies have used anonymous entities to hide their wealth, as evidenced in the 2016 Panama Papers and 2020 FinCEN Files Investigations. In January 2021, the FY 2021 National Defense Authorization Act became law, including the Anti-Money Laundering Act of 2020 (AMLA 2020). Part of the AMLA 2020 is the Corporate Transparency Act (CTA). The AMLA 2020/CTA amends the Bank Secrecy Act (1970) (among other things) to require that companies (corporations, limited [...]

AML Act of 20202021-08-04T12:51:11-04:00
21 04, 2021

Biometrics Technologies – Recapping 2020 and 2021 Predictions from IDmission

2021-08-04T12:46:00-04:00

Our friends at IDmission recently published a blog post detailing their industry predictions for 2021 and even featured some insights from our very own Founder & CEO, Kristin Stafford. Keep scrolling to see what they had to share: 2020 was an unpredictable year; and rightly so, we’re all a little weary of the 2021 “predictions” we’re seeing. However, being good at predictions is a skill, and it takes time and practice to get better at it. [...]

Biometrics Technologies – Recapping 2020 and 2021 Predictions from IDmission2021-08-04T12:46:00-04:00
1 02, 2021

6 Key Lessons We Learned at the AML & FinCrime Tech Forum

2021-08-04T12:43:17-04:00

Last week, Vital 4 exhibited at the AML & FinCrime Tech Forum and had the opportunity to speak with different stakeholders across the industry. We discussed technology, platforms, data, and process, with many disparate experts, and here are some of our key takeaways. Many major data platforms are not updating their source data regularly. Up-to-date data is key. Outdated data is not just inconvenient, it’s not compliant. False positives or false negatives due to outdated data [...]

6 Key Lessons We Learned at the AML & FinCrime Tech Forum2021-08-04T12:43:17-04:00
26 01, 2021

4 Key AML/KYC Trends for 2021

2021-08-04T12:43:25-04:00

In 2020, we saw a drastically heightened need for fraud protection as more things switched to digital, accelerated by the COVID-19 pandemic. As we enter the new year, the fight against financial crimes and the need for AML/KYC compliance will continue to be a top priority. Here are a few key AML/KYC trends we’ve identified for 2021.  Customization is critical  AML/KYC workflows were complicated in the past, but technology has begun to simplify workflow management. With [...]

4 Key AML/KYC Trends for 20212021-08-04T12:43:25-04:00
18 12, 2020

How Businesses Can Prepare for the Upcoming EU 6AMLD

2021-08-04T13:38:09-04:00

In December 2020, the EU's Sixth Anti-Money Laundering Directive (6AMLD) will come into effect, resulting in even more stringent AML regulations for businesses operating within the EU. The 6AMLD will be transposed into national laws in December, and those outside the EU will have until June 2021 to establish their processes. Now is the time to understand what 6AMLD means for your organization and be proactive about the new regulations.   What Exactly is 6AMLD? The new [...]

How Businesses Can Prepare for the Upcoming EU 6AMLD2021-08-04T13:38:09-04:00
10 12, 2020

AGG/Vital4 – Top 5 Lessons from 2020 in Background Screening + Planning for 2021

2021-08-04T13:38:27-04:00

Top 5 Lessons from 2020: Regulators offered limited flexibility to address COVID-19 realities, what can the background industry learn from this? Have a solid business continuity plan. Stay abreast of changing guidance from regulators, courts and COVID safety. Internal processes to document changes that occurred which may be different than how they were handled pre and post-COVID. Investing and leveraging technology to your advantage. COVID-19 led companies to focus on their IT infrastructure to allow employees [...]

AGG/Vital4 – Top 5 Lessons from 2020 in Background Screening + Planning for 20212021-08-04T13:38:27-04:00
27 04, 2020

Georgia On My Mind – In The Midst Of A Crisis

2021-02-04T13:49:02-05:00

As I write this, our beautiful and amazing state, Georgia, is amid a high profile and extremely controversial soft “re-opening”. Our Governor, Brian Kemp is under fire by the President and many Americans perceive his decision to “open up” as reckless, selfish, garnered by political agenda, and a sheer lack of respect for the rest of the country. Now, for the sake of my sanity, I am going to do my best by not posting my [...]

Georgia On My Mind – In The Midst Of A Crisis2021-02-04T13:49:02-05:00

Copyright 2023 © Vital4Data, Inc. All rights reserved.

Subscribe Today!

* indicates required
 
Background Screening Newsletter

Fintech Newsletter

Go to Top