Tagged: regtech

February 25, 2024 @ 3:07 am By Omar Faridi  |  

spektr is officially exiting stealth mode and ready to turn ongoing due diligence into a revenue-generating asset for compliance. spektr says that their journey is being “supported by a €5 million seed round led by Northzone, Seedcamp, and PreSeed Ventures, enabling them to introduce advanced… Read More

February 6, 2024 @ 11:37 am By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, has partnered with Kaizen Gaming, the global GameTech firm, to streamline its verification processes. Kaizen Gaming is committed to “providing a great user experience based on all regulatory requirements across markets, and… Read More

January 21, 2024 @ 5:46 pm By Omar Faridi  |  

Regtech Sumsub has reportedly joined the MENA FinTech Association (MFTA) in order to drive business growth in the MENA region, while “raising identity fraud awareness, and fostering innovation in the fintech sector.” This partnership highlights Sumsub’s commitment “to establishing and strengthening key industry connections and… Read More

January 18, 2024 @ 11:14 pm By Omar Faridi  |  

Encompass Corporation, the global provider of real-time digital Know Your Customer (KYC) profiles, has acquired CoorpID and Blacksmith KYC from ING to develop a platform that solves “the critical challenge of identification and verification of corporate and institutional clients.” In 2018, CoorpID was founded “by… Read More

January 18, 2024 @ 10:02 pm By Omar Faridi  |  

ComplyAdvantage has launched its annual report into fraud, money laundering, and financial crime: The State of Financial Crime 2024. The latest research report identifies “the criminal use of artificial intelligence (AI) as an emerging fraud challenge while revealing that most financial institutions are investing in… Read More

January 4, 2024 @ 8:31 am By Omar Faridi  |  

Kathy Gormley, the AML Product Manager at Resistant AI, a start-up using machine-learning techniques to protect organizations from fraud, says that APP scams are on the rise, and financial institutions are under pressure to stem the flow of ill-gotten gains from these crimes. The Payment… Read More

December 20, 2023 @ 11:42 am By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, announced a “significant” increase in the adoption of its platform in the past year. The company, which opened a new international headquarters in Vancouver this year, also earned industry recognition “following the… Read More

December 20, 2023 @ 7:11 am By Omar Faridi  |  

SlowMist are pleased to announce a strategic partnership with zkMe, a “significant” advancement in their commitment to blockchain compliance and privacy. As a key entity in on-chain analytics, MistTrack’s role in “detecting and preventing cryptocurrency money laundering is vital.” Their platform offers comprehensive tools “including… Read More

December 17, 2023 @ 5:17 pm By Omar Faridi  |  

Sumsub has joined the Singapore FinTech Association (SFA). This collaboration signifies Sumsub’s dedication “to driving innovation, fostering key industry connections, and contributing to the vibrant FinTech landscape in Singapore, as well as the wider APAC market following the establishment of its regional headquarters in Singapore… Read More

December 15, 2023 @ 3:23 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management, announces that Netherlands-based commercial bank NIBC is deploying its software-as-a-solution (SaaS) technology to enhance KYC operations. NIBC – which serves clients internationally with a focus on Europe –… Read More

December 14, 2023 @ 8:45 am By Omar Faridi  |  

Regtech Salv, with its suite of tools to help banks and service companies fight financial crime, has raised €3.9m in new funding, “bringing its capital raised this year to €7.9m and total funding to €12.1m.” The round includes investments “from new and existing investors and… Read More

December 13, 2023 @ 8:38 am By Omar Faridi  |  

Onfido’s technology automates identity verification, “reducing onboarding time from days to minutes.” Onfido, the global enabler of automated identity verification, announced a partnership with InbestMe, a digital investment platform offering personalised investment strategies, to automate their onboarding process. With Onfido’s AI technology, InbestMe can now… Read More

December 12, 2023 @ 11:33 pm By Omar Faridi  |  

The top-5 identity fraud types in 2023 are: AI-powered fraud, money muling networks, fake IDs, account takeovers and forced verification. This, according to an update from Sumsub. Sumsub recently released its third annual Identity Fraud Report of the year. The report provides a comprehensive analysis… Read More

December 1, 2023 @ 8:13 am By Omar Faridi  |  

Trulioo, a global identity verification platform, announced its partnership with Public, a U.S. investing platform for stocks, ETFs, crypto, Treasury bills and alternative assets that is allowing U.K. investors access to U.S. stocks. Public chose Trulioo Person Match identity verification “to achieve the highest onboarding… Read More

November 29, 2023 @ 9:44 am By Omar Faridi  |  

Sumsub announces the first integrated solution for user verification, anti-fraud and compliance in gaming enabling both platforms and operators to seamlessly cover the entire player lifecycle and maximize revenue while “staying compliant with all regulations and guidelines.” With this launch, Sumsub claims that is the… Read More

November 28, 2023 @ 3:58 am By Omar Faridi  |  

Sumsub announces the latest advancements to its Global Database Verification solution, designed for businesses seeking reliable, efficient, and cost-effective user verification. Global Database Verification caters “to a wide range of both regulated and non-regulated industries and businesses looking to ensure the legitimacy and accuracy of… Read More

November 26, 2023 @ 10:22 am By Omar Faridi  |  

AMLYZE, a RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, and Plumery, a digital banking solution provider, have joined forces in a partnership in order “to reshape the landscape of financial technology.” With a commitment to combating financial crime, AMLYZE offers… Read More

November 25, 2023 @ 12:39 am By Michael Wong  |  

RegTech startup Aptus.AI has announced raising €3 million ($3.3 million) in a pre-Series A funding round anchored by Programma 103 under VC P101 Sgr. The investment marks Programma 103’s first foray into the Regtech sector. The round was also backed by additional support from several… Read More

November 20, 2023 @ 8:49 am By Omar Faridi  |  

At Bitpanda Technology Solutions, they’ve always been at the forefront of innovation, “committed to expanding our horizons and strengthening our network.” That’s why they’re pleased to announce their strategic partnership with Fourthline, an Amsterdam-based firm focused on AI-powered compliance solutions. In today’s fast-paced financial environment,… Read More

November 20, 2023 @ 2:25 am By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announced a collaboration with Moody’s Analytics, bringing together two established market participants with the aim of “providing a full end-to-end risk and regulatory reporting solution in select global markets.” As the regulatory landscape continues… Read More