Tagged: regtech

November 18, 2023 @ 11:15 am By Omar Faridi  |  

US investment banks have less budget and workforce to devote to fighting financial crime and adhere to changing regulation, according to the 2023 KYC Banking Trends Report by Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management… Read More

November 17, 2023 @ 5:08 pm By Omar Faridi  |  

Elliptic – the firm enabling blockchain analytics and data intelligence – and CODE – a South Korean Travel Rule solution provider – have launched a partnership which represents Elliptic’s entrance into the Korean market. The new alliance will help companies in the country ramp up… Read More

November 17, 2023 @ 5:06 pm By Omar Faridi  |  

ThetaRay, a global enabler of AI-powered financial crime detection solutions, is announcing its partnership with Neema, a payments network for businesses. This collaboration marks a significant milestone in “the fight against financial crime, as it combines ThetaRay’s advanced artificial intelligence technology with Neema’s real-time payments… Read More

November 17, 2023 @ 9:19 am By Omar Faridi  |  

HYPR, The Identity Assurance Company, and Yubico (NASDAQ: YUBICO), the provider of hardware authentication security keys, have published a new study on challenges, perceptions and outcomes in “the usage of password and passwordless authentication technologies.” The report, titled “Transcending Passwords: The Next Generation of Authentication”… Read More

November 17, 2023 @ 7:22 am By Omar Faridi  |  

Onfido, the global automated identity verification provider, today announced the findings of its 2024 Identity Fraud Report and unveiled its Fraud Lab. The report points to the increasing availability of simple-to-use AI tools “as the reason for a 31X increase in deepfakes1 and 5X increase… Read More

November 11, 2023 @ 2:19 pm By Omar Faridi  |  

In May of this year, Deloitte announced the integration of KILT for creating new markets with reusable KYC (Know Your Customer) and KYB (Know Your Business) digital credentials. The first Deloitte credentials “are now live.” KYC/KYB credentials are increasingly required “for regulatory reasons to verify… Read More

November 5, 2023 @ 11:26 pm By Omar Faridi  |  

DigiFT, the regulatory-compliant real-world asset (RWA) exchange, and OKLink, a global provider of Web3 on-chain data and compliance solutions, announced strategic partnership to empower the accessibility of regulatory-compliant RWA on-chain. The two-fold partnership will see DigiFT offering OKLink Trust’s clients “the option to subscribe to… Read More

November 1, 2023 @ 6:07 pm By Omar Faridi  |  

AU10TIX, a global technology leader in identity verification and management, announced the availability of its ID Document & Biometric Verification platform and Reusable Digital ID solution in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. AU10TIX’s fully automated… Read More

October 30, 2023 @ 9:02 pm By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, introduced its first-party fraud solution, Sigma First-Party Fraud, powered by the concurrent launch of its First-Party Fraud Consortium (FPFC). The consortium is unifying companies “to tackle the complicated, multi-industry issue of first-party fraud by pooling… Read More

October 26, 2023 @ 6:31 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), released its study of emerging risks in the fintech payments sector since the launch of FedNow. Surveying high-level risk and compliance officers “across fintech payment companies, including… Read More

October 23, 2023 @ 8:27 pm By Omar Faridi  |  

A Fintech as a Service provider selects Onfido for its AI-powered digital identity solution to streamline and secure customer onboarding. Onfido, the global firm focused on automated identity verification, announced a partnership with wearonize, the international payment service provider, in order “to enhance customer digital… Read More

October 22, 2023 @ 5:18 pm By Omar Faridi  |  

UK Regtech docStribute, specialists in document distribution solutions, is pleased to announce a strategic partnership with Chorley Building Society. Digitalization is a vital step for “building societies and the partnership with docStribute demonstrates Chorley Building Society’s dedication to operational efficiency, enhanced Member engagement, and regulatory… Read More

October 19, 2023 @ 2:35 pm By Omar Faridi  |  

AirPak, which claims to be a leader in remittance services across Central America, is proud to announce its partnership with ThetaRay, a key player focused on AI-powered transaction monitoring solutions. ThetaRay is an OurCrowd portfolio company that has raised over $23 million on the investment… Read More

October 19, 2023 @ 11:50 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), announced that Generali Investments Holding – holding company of Generali Investments’ ecosystem of asset management firms, with more than €504bn in assets under management (AUM) – is… Read More

October 10, 2023 @ 9:33 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, announced the expansion of its strategic partnership with NextWealth, a pure play data services provider. Jumio’s AI-powered solutions have “reached record-breaking high automation and quality rates.” With this enhanced partnership, NextWealth will… Read More

October 8, 2023 @ 3:42 pm By Omar Faridi  |  

Veriff, a global identity verification (IDV) provider, launched its new Fraud Protect & Fraud Intelligence packages. These offerings aims to “provide organizations powerful tools and expertise to mitigate fraud attempts and verify more genuine users efficiently.” Each package is tailored “towards meeting the specific needs… Read More

October 5, 2023 @ 6:58 am By Omar Faridi  |  

Building upon its passwordless authentication expertise, HYPR announced the unified solution for securing the modern identity lifecycle, providing organizations with complete confidence that an individual is who they claim to be at all times. The new solution reportedly “combines the strongest modern authentication capabilities with… Read More

September 21, 2023 @ 12:11 pm By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, has achieved 376% revenue growth from 2019 to 2022 and appointed seasoned technology professional Aaron Barfoot as the company’s new Chief Financial Officer to help drive Socure’s next phase of growth. Barfoot reportedly “brings over… Read More

September 17, 2023 @ 11:14 am By Omar Faridi  |  

State Bank of India (SBI), India’s largest bank, announced reduced customer verification time from 24 hours to just minutes in a partnership with Onfido, the global provider of automated identity verification and authentication solutions. SBI (UK) Ltd, the subsidiary of SBI in the UK, is… Read More

August 25, 2023 @ 10:15 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), released its half-year annual findings on global financial institution enforcement actions, revealing a sharp 88% decline in monetary penalties collected in H1 2023 compared to H1 2022. U.S. financial institutions continued to lead in… Read More