The FCA recently issued large misconduct fines to two company officers and banned the two company directors from working in financial services. The CEO and former managing director were caught when attempting to acquire a UK bank and Reading Football Club. The FCA issued the fines and bans to Paul Taylor, former CEO of Blue…
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Four identity orchestration services are coming to G-Cloud 15 for government procurement Avoco has consistently qualified as an official Cloud Software supplier for the UK government. Avoco is proud to be included on the latest government procurement platform, G-Cloud 15. Four of Avoco’s verification orchestration services and related products will be available through the G-Cloud…
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Identity and authentication protocols could be a stumbling block for many Sources of Funds transactions. However, their implementation, especially of secure financial protocols such as OIDC, FAFI, and CIBA MODRNA, can be challenging for service providers. Interoperability across systems and between services is complicated by non-standard or otherwise non-interoperable protocols. Avoco Trust provides automated and orchestrated…
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What is trusted vouching, how does it work, and when would you need to offer it for Source of Funds or Source of Wealth? What is Trusted Vouching? One-size-fits-all identity systems are not fit for purpose for consumer-facing services. Many of these services require Source of Funds checks that include KYC and EDD. Trusted Vouching…
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