23 May 2018

Accuity partners R3 for financial crime screening on DLT

12 October 2017  |  9454 views  |  0 Numbers

Compliance and KYC specialist Accuity has integrated its financial crime screening suite with R3's distributed ledger technology platform, Corda.

The move enables financial crime screening of customers and transactions on Corda, helping firms comply with regulations such as the EU Fourth Anti Money Laundering Directive and the USA Patriot Act.

Hugh Jones, CEO, Accuity, says that DLT has the potential to disrupt how financial services are offered but that for the technology to break through to the real world, enabling compliance is crucial.

Adds Jones: "We are now looking at working with our customers to pilot this solution for a number of other use cases such as KYC, payments and trade finance compliance."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

R3 and 12 banks plan overhaul of open-account trade finance

R3 and 12 banks plan overhaul of open-account trade finance

26 September 2017  |  15845 views  |  0 comments | 19 tweets | 32 linkedin
R3 raises $107m

R3 raises $107m

23 May 2017  |  19209 views  |  0 comments | 17 tweets | 16 linkedin
Reed Elsevier agrees £343m Accuity acquisition

Reed Elsevier agrees £343m Accuity acquisition

26 September 2011  |  6246 views  |  0 comments

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.vasco.com/news/mobile-first

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9898 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8716 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7369 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6886 views comments | 7 tweets | 11 linkedin
Fed governor: Digital tokens for financial settlement hold promise for central banksFed governor: Digital tokens for financial...
6593 views comments | 7 tweets | 11 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job