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Datanamix May Newsletter

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In this edition, we take a closer look into the critical role of account origination for today’s businesses and examine the most effective solutions to support this process. Additionally, we examine important news in the Credit Bureau industry and a critical new update from FaceTec V9.7.

Let’s get right into it:

Why Agile Account Origination Solutions Are Essential For The Modern Business

Data-driven Account Origination (AO) solutions are crucial for modern businesses, ensuring informed onboarding decisions. 

Anti-Money Laundering Authority

The European Union (EU) has been proactive in establishing strict measures to combat money laundering and the financing of terrorism.

Stay on top of the latest industry news and developments with our weekly news updates. Our expert team handpicks and adds the most important stories to the website.

Version 9.7 is here. 

We would like to bring to your attention that FaceTec has recently made significant updates that we believe may be relevant to you.

If you have not yet had the opportunity to catch up on the new release information, we highly encourage you to do so. Please note that this information is only pertinent to those clients who require the latest developments to stay informed. 

Get ready for something exciting! 

Our new OCR (Optical Character Recognition) API is coming soon. Imagine effortlessly turning unstructured documents into organised data in a flash.  Stay tuned for a whole new level of automation!

Get ready for an innovative solution! Our upcoming Section 29 Deceased Estate API efficiently collects data from deceased estates using advanced algorithms to display it in an easy-to-read format. Stay tuned for this revolutionary debt-collection tool.

Account Origination

Is more than just a step in the process or a box-ticking exercise for compliance – it’s a goldmine of invaluable insights into your clients.

Accurate Customer Management

Tools like ID Verification, Address Validation, AML Sanction Screening and Bank Account Verification ensure regulatory compliance.

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Disclaimer: The information in this BLOG is provided for general informational purposes only and is the opinion of the author only. No information contained in this blog should be construed as legal advice from pbVerify or the individual author, nor is it intended to be a substitute for legal counsel on any subject matter. No reader of this blog should act or refrain from acting on the basis of any information included in, or accessible through, this blog without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue.