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CHICAGO - ColoradoDesk -- KYC2020 LLC, a leading provider of global Sanctions, PEP, and Adverse Media screening solutions for Anti-Money Laundering (AML) compliance, today announced a new partnership with First Nations Bank of Canada (FNBC), Canada's only Indigenous-led national bank.
This collaboration integrates KYC2020's AI-powered screening and decisioning capabilities into FNBC's compliance operations, enhancing the bank's ability to detect, assess, and mitigate financial crime risks. By leveraging KYC2020's advanced Sanctions, Politically Exposed Persons (PEP), and Adverse Media Screening tools, FNBC will gain increased efficiency and accuracy across its AML processes, reducing false positives and improving the speed and confidence of AML compliance.
Founded in 1996, First Nations Bank of Canada provides comprehensive personal and business banking services to Indigenous and non-Indigenous customers across the country. With branches and community banking centers located primarily in Indigenous communities, the bank's mission is to support self-sufficiency and nation-building through inclusive, responsible financial services.
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"As a national bank serving Indigenous and non-Indigenous communities across Canada, maintaining strong compliance standards is essential to our mission," said Karen Creen, Chief Compliance Officer and Chief Anti-Money Laundering Officer for FNBC. "Partnering with KYC2020 allows us to leverage industry-leading technology to ensure our compliance processes are both effective and efficient."
"We're proud to partner with First Nations Bank of Canada, an institution that shares our commitment to trust, transparency, and responsible innovation," said Rajeev Bahri, CEO of KYC2020. "Together, we're strengthening detection and deterrence measures across AML, ATF, and Anti-Sanctions Evasion (ASE) compliance, helping ensure that financial integrity and inclusion go hand in hand."
KYC2020's DecisionIQ platform combines global data coverage with AI-driven decisioning and ongoing monitoring to make AML compliance easy, effective, and affordable for financial institutions worldwide.
About First Nations Bank of Canada
First Nations Bank of Canada (FNBC) is a Canadian chartered bank focused on providing financial services to the Indigenous marketplace in Canada. FNBC is 88% Indigenous owned and controlled. The Bank offers a full range of personal and business banking services, including loans, mortgages, investments, and trust services through its wholly owned subsidiary, FNB Trust.
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About KYC2020
KYC2020 is an industry leader in AML screening technology. The company's mission is to make AML compliance easy, effective, and affordable for enterprises of all sizes. KYC2020 provides global watchlist data and AI-powered decisioning for Sanctions, PEP, and Adverse Media screening and monitoring, and now also offers Identity Verification (IDV) and Know Your Business (KYB) screening capabilities. The platform helps customers stay compliant, reduce manual workloads, and lower the overall cost of AML compliance. For more information, visit kyc2020.com.
Media Contacts:
Jed Johns
Chief Marketing Officer, FNBC
jed.johns@fnbc.ca
Ishaan Soni
Strategic Growth & Operations Associate, KYC2020
ishaan@kyc2020.io
This collaboration integrates KYC2020's AI-powered screening and decisioning capabilities into FNBC's compliance operations, enhancing the bank's ability to detect, assess, and mitigate financial crime risks. By leveraging KYC2020's advanced Sanctions, Politically Exposed Persons (PEP), and Adverse Media Screening tools, FNBC will gain increased efficiency and accuracy across its AML processes, reducing false positives and improving the speed and confidence of AML compliance.
Founded in 1996, First Nations Bank of Canada provides comprehensive personal and business banking services to Indigenous and non-Indigenous customers across the country. With branches and community banking centers located primarily in Indigenous communities, the bank's mission is to support self-sufficiency and nation-building through inclusive, responsible financial services.
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"As a national bank serving Indigenous and non-Indigenous communities across Canada, maintaining strong compliance standards is essential to our mission," said Karen Creen, Chief Compliance Officer and Chief Anti-Money Laundering Officer for FNBC. "Partnering with KYC2020 allows us to leverage industry-leading technology to ensure our compliance processes are both effective and efficient."
"We're proud to partner with First Nations Bank of Canada, an institution that shares our commitment to trust, transparency, and responsible innovation," said Rajeev Bahri, CEO of KYC2020. "Together, we're strengthening detection and deterrence measures across AML, ATF, and Anti-Sanctions Evasion (ASE) compliance, helping ensure that financial integrity and inclusion go hand in hand."
KYC2020's DecisionIQ platform combines global data coverage with AI-driven decisioning and ongoing monitoring to make AML compliance easy, effective, and affordable for financial institutions worldwide.
About First Nations Bank of Canada
First Nations Bank of Canada (FNBC) is a Canadian chartered bank focused on providing financial services to the Indigenous marketplace in Canada. FNBC is 88% Indigenous owned and controlled. The Bank offers a full range of personal and business banking services, including loans, mortgages, investments, and trust services through its wholly owned subsidiary, FNB Trust.
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About KYC2020
KYC2020 is an industry leader in AML screening technology. The company's mission is to make AML compliance easy, effective, and affordable for enterprises of all sizes. KYC2020 provides global watchlist data and AI-powered decisioning for Sanctions, PEP, and Adverse Media screening and monitoring, and now also offers Identity Verification (IDV) and Know Your Business (KYB) screening capabilities. The platform helps customers stay compliant, reduce manual workloads, and lower the overall cost of AML compliance. For more information, visit kyc2020.com.
Media Contacts:
Jed Johns
Chief Marketing Officer, FNBC
jed.johns@fnbc.ca
Ishaan Soni
Strategic Growth & Operations Associate, KYC2020
ishaan@kyc2020.io
Source: KYC2020 LLC
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