Regtech & Legaltech

September 9, 2024 @ 8:11 am By Omar Faridi  |  

Sedric AI, the compliance-dedicated AI platform for financial institutions, announced it has closed a $18.5 million Series A funding round to further its efforts to transform compliance operations across the industry. The latest funding round, led by Foundation Capital with participation “from Amex Ventures, brings… Read More

September 7, 2024 @ 10:33 am By Omar Faridi  |  

Grath, a global platform for financial services and regulatory compliance technology, is expanding its presence into the Middle East with the opening of a new office in the prestigious Dubai International Finance Centre (DIFC). This expansion is said to mark a significant milestone in Grath’s… Read More

September 2, 2024 @ 9:23 pm By Omar Faridi  |  

SumSub has become the first identity verification provider to complete the new Global Digital Identity Certification (GDIC), according to the company. This initiative was created by AVID Certification Services Ltd, the UK’s provider of Digital Identity Certification. The certification is based on the Financial Action… Read More

September 2, 2024 @ 12:50 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, is pleased to announce the collaboration between Chainkeeper, its Crypto AI-powered Investigator, and the Burrito Wallet. The joint venture between Chainkeeper and Burrito Wallet is… Read More

August 29, 2024 @ 1:49 pm By Omar Faridi  |  

Jumio, a global provider of automated, AI-driven identity verification, risk signals and compliance solutions, announced that it is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy… Read More

August 28, 2024 @ 3:13 pm By Omar Faridi  |  

IDEX Biometrics has reached an important milestone for IDEX Pay by successfully passing Visa’s certification using Visa’s latest VBSS biometric payment application. The IDEX Pay biometric solution includes “the IDEX Biometrics proprietary card operating system and latest technology fingerprint sensor with Infineon’s high performing SLC38… Read More

August 27, 2024 @ 10:12 pm By Omar Faridi  |  

Sumsub’s full-cycle verification platform has obtained certification against the UK DIATF. The Digital Identity and Attributes Trust Framework (DIATF) is a set of standards and rules designed to establish trust in digital identity products in the UK. This framework aims to create “a trusted environment… Read More

August 26, 2024 @ 10:24 am By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, is pleased to announce a partnership with Ozys, a blockchain technology company, with the goal of strengthening the security of the Web3 ecosystem. Ozys is… Read More

August 22, 2024 @ 9:09 pm By Omar Faridi  |  

Elite, a provider of financial management and business operations solutions to the world’s most successful law firms, and Brightflag, the AI-powered e-billing and matter management platform for in-house legal teams, have launched a new integration which seamlessly connects two of the legal industry’s legal invoicing… Read More

August 20, 2024 @ 10:43 pm By Omar Faridi  |  

Unit21, a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, announced a new bundle of features for Automated Clearing House (ACH) transactions. These features use Generative AI (GenAI) and machine learning (ML) to “help banks,… Read More

August 19, 2024 @ 7:22 pm By Omar Faridi  |  

Uppsala Security, a provider of tools and services for crypto AML/CTF, transaction risk management, regulatory compliance, transaction tracking, and cybersecurity, is pleased to announce the rebranding of its flagship platform, Sentinel Protocol, to ChainBounty. Since its launch in 2018, Sentinel Protocol has reportedly been “at… Read More

August 18, 2024 @ 5:00 pm By Omar Faridi  |  

Moody’s and Elliptic, key players in global compliance and third-party risk management and digital asset risk management respectively, have announced a strategic alliance to revolutionize virtual asset service provider (VASP) screening through the seamless integration of on-chain blockchain data with traditional off-chain data sources. In… Read More

August 16, 2024 @ 10:17 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), released its half-year annual findings on global financial institution enforcement actions, revealing a 31% surge in the value of fines issued in H1 2024 compared to H1… Read More

August 15, 2024 @ 6:18 am By Omar Faridi  |  

Sumsub is partnering with iGaming platform provider 4Play Gaming. The partnership will enable global iGaming operators using the 4Play Gaming platform to onboard end-users “through Sumsub’s seamless user verification capabilities.” 4Play Gaming’s platform will “integrate Sumsub’s comprehensive KYC (Know-Your-Customer) solution, part of its user verification… Read More

August 13, 2024 @ 10:04 pm By Omar Faridi  |  

Cytora has partnered with AI-powered due diligence company Xapien. The integration will enable commercial insurance underwriters “to instantly gain access to Xapien’s AI due diligence tool via Cytora’s risk processing platform.” By integrating directly into Cytora, underwriters will “no longer need to manually check scores of… Read More

August 13, 2024 @ 11:16 am By Omar Faridi  |  

SteelEye notes that it has been a year since the $549 million fine was imposed by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on 13 major Wall Street firms “for failures in record-keeping of off-channel communications.” Steeleye mentioned… Read More

August 13, 2024 @ 6:01 am By Omar Faridi  |  

FullCircl, a UK-based Regtech, has announced a new partnership with LSEG Risk Intelligence. The partnership provides instant access “to a broad global collection of information providers supporting document verification, biometric checks, and third-party data validation, helping regulated businesses reduce identity fraud whilst delivering a superior… Read More

August 9, 2024 @ 5:48 pm By Omar Faridi  |  

Uppsala Security is pleased to share that it has been instrumental in supporting a landmark investigation in Sri Lanka, marking the country’s first large scale case involving cryptocurrency assets. The team worked closely “with local authorities, especially the Financial Intelligence Unit, conducting thorough investigations that… Read More

August 9, 2024 @ 8:58 am By Omar Faridi  |  

Fenergo and Deloitte Ireland have announced an agreement to deliver Fenergo’s AI-powered CLM solutions to financial institutions across EMEA. The alliance combines Fenergo’s technology “with Deloitte’s technology-enabled business transformation expertise to create a Centre of Excellence for CLM.” The collaboration will empower financial institutions and corporates “to… Read More

August 9, 2024 @ 7:28 am By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, announced Selfie Reverification – a way to validate return consumers online with a simple selfie from any device in under 2 seconds. The Selfie Reverification capability matches “an incoming selfie… Read More