Tagged: regulatory technology

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 12, 2024 @ 9:36 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, released its annual findings on global financial institution enforcement actions, which reveal that “the value of penalties imposed on firms surged 57% in 2023.” Penalties for failing… 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 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

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 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

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

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

August 1, 2023 @ 10:58 pm By Omar Faridi  |  

Uppsala Security, which claims to be a pioneering digital asset cybersecurity and regulation technology (Regtech) project, recently announced a significant milestone in its mission to protect virtual asset investors. The company signed a momentous “MOU” with Bitcmon, a virtual asset exchange, to enhance response capabilities… Read More

July 25, 2023 @ 8:45 am By Omar Faridi  |  

Cross-border advisory firm Quantuma is delighted to announce its role in delivering the sale of Clausematch, a RegTech company, to Ireland-based Corlytics. The transaction was successfully “delivered by Quantuma’s Adrian Howells, Managing Director and George Fawcett, Assistant Manager, along with David Schreiter and Stephan Werner… Read More

July 25, 2023 @ 8:00 am By Omar Faridi  |  

One of the biggest challenges faced by regulated and non-regulated companies is assessing whether or not another business is “safe to work with,” according to an update from ComplyAdvantage. Existing approaches rely “on manual research across multiple siloed sources.” This is time-consuming and “fails to… Read More

July 10, 2023 @ 10:38 pm By Omar Faridi  |  

Global Screening Services (GSS), the RegTech innovator focused on financial transactions screening, has announced its partnership with software company Appian, in order “to integrate the company’s leading low-code development and AI-powered process automation tools into the GSS screening platform.” GSS has reportedly “leveraged Appian’s flexible,… Read More

July 5, 2023 @ 9:54 am By Omar Faridi  |  

Regtech is a rapidly evolving area of technology, especially in a world that has a constant increase in demand for regulatory compliance, according to an update from Juniper Research. Regtech offers solutions to businesses in response “to an increasingly digitalized world that boomed since the… Read More

July 2, 2023 @ 2:45 pm By Omar Faridi  |  

Chris Ansara, CEO of UK-based Regtech startup docStribute and Chair, Phil Shelley, have shared their career insights on the necessity of digital transformation in order to meet FCA regulations as well as decarbonize global business. As many sectors struggle to meet regulatory demands, particularly financial… Read More