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”)…

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!

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...