Entify

Victoria Saue explains how Entify can help companies detect fraud and how business relationships and methods have changed after the pandemic started.

Eesti idufirma lahendusega saanuks õnnetud maskihanked ära hoida Veriffi endised töötajad ja pangandusinimesed lõid koroonakriisist tingitud uude reaalsusse sobiva tööriista.

Compliance should not be viewed as a black mass that holds companies back. Staying compliant and adjusting to changing regulations provides clarity and transparency. It enables innovation as well — constantly reviewing internal procedures will help businesses to a more effective way of governance. Companies are turning their eyes towards modern IT solutions that help automate certain processes (yes, even AML/KYC processes) that ensure quality, are more effective and way faster.

Sixth Anti-Money Laundering Directive — what should you know? EU directive 2018/16 on combating money laundering by criminal law was adopted on 23rd of October 2018 (hereinafter “Directive”)…

Entify welcomes the new exciting collaboration with award-winning Bedford Row Capital to the Entify family.

„Implementing Entify will not only streamline our processes but demonstrate our commitment to provide a unique service proposition as we expand the range of products we bring to market. The Capital Markets are heavily paper based; our investment in technology of which Entify is an exciting component gives our clients a competitive advantage. Anything to make transacting easier with the global market is a great advantage for us.“ said Scott Levy, the CEO of Bedford Row Capital Advisers.

Bedford Row Capital Advisers Ltd fights the impact of the virus by investing in IT Entify that helps financial institutions in “know your customer” processes, welcomes award-winning Bedford Row Capital Advisers as their…

Our COO Victoria Saue explains in Business Daily, why it is important to stay focused during crisis.

Idufirma: kriis on petturite kõrghooaeg Kriiside ajal aktiveerub väga suur hulk pettureid ja häkkereid, kes püüavad haavatavast olukorrast kasu lõigata, mistõttu tasub olla kursis levinumate petuskeemidega.

Social distancing is a powerful disease control tool, but only if we all participate.
We are together from a distance.

Stay healthy and protect yourself and others!

Swedbanks' fine and warning should bring us all together in finding effective solutions to the actual problems. By digitalisation, the anti money laundering processes can be taken to the next level.

Luckily we have the tools!

Another gut punch in the fight against anti money laundering I walk into the room and look around — there is an elephant sitting comfortably in the corner. Actually, the elephant has always been…

A great news for all financial institutions. We have started an important collaboration with Bankish.

The cooperation in hand grants financial institutions an end-to-end solution for conducting business with legal entities - core-IT for operations and automation meets seamless verification and background checks.
Read more:

Two Estonian fast-growing companies shaking old ways and helping companies deal with crisis Entify and Bankish cooperation solves financial institutions’ problems in times, where speed is essential in order to move out of the…

Delfi's publification on suggestions on how to save your company during crisis 👇 for Estonian language speakers.

Kuidas digitaliseerimise abil ettevõtet kriisist säästa? Ülemaailmne epideemia seab ettevõtjad kõikjal maailmas keerulisse olukorda. Kas äritegevus saab jätkuda näost-näkku kontaktita ja mida saab teha ohtude minimeerimiseks? Kuidas tagada äritehingute sõlmimine, kui reisimisvõimalused on piiratud?

Swedish financial supervisory authority (Finansinspektionen) announced last week that they impose $386 million (!!) administrative fine to Swedbank AB for serious deficiencies in its anti-money-laundering work and for withholding information.
The Swedish investigation concludes that Swedbank AB had large deficiencies in its governance of anti-money laundering measures in its Baltic subsidiaries.
The Baltic operations were also lacking adequate resources to combat money laundering.

It is clear more than ever that effective AML/KYC tools and modern solutions are the key ingredient to stay compliant and to effectively combat money laundering and terrorist financing.

Swedbank hit with record $386 million fine over Baltic money-laundering breaches Sweden's financial watchdog hit lender Swedbank with a record fine of 4 bil...

Fraudsters are not taking time off and working remotely is not their struggle. Times like these are the fertile soil for them, something they have anticipated and waited for.

“They are the “experts” in their field, that is their job. And it should be yours too, even if your full-time job is to grow your business,” Victoria Saue, Entify COO points out.

KYC needs to be an integral and constantly evolving part of our work culture KYC and KYB (also KYCC ‘know your corporate customer’) are processes that help to prevent fraud and money laundering, but it is only truly…

The digital era has brought many advanced ways to improve traditional business verification processes that help surviving crises like we are experiencing currently with COVID-19.

During difficult times, automation saves more than time.
Stay safe!

6 reasons why you should automate your business verification now The digital era has brought many advanced ways to improve traditional business verification processes that help surviving crises like we…