Regtech & Legaltech

Upcounsel Quickly Tops $1.6 Million in Securities Offering on Wefunder

UpCounsel almost went bust last year. The law firm alternative platform that seeks to provide legal services in a similar way that Codeable addressed web development, was on the brink of disaster. A lawsuit from 2018 had devastated the digital service, according to an article,… Read More

Hong Kong Monetary Authority Executive Director Reveals how They’re Protecting Consumers from Emerging Threats

In a keynote speech that focused on fraud and financial crime at a conference in Asia, Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority, discussed anti-money laundering and financial crime risk issues and the ability of authorities to address these problems. While… Read More

Identity Proofing Firm AuthenticID Announces $100M Minority Growth Investment from Long Ridge Investment

AuthenticID recently announced a $100 million minority growth investment that has been led by Long Ridge Investment The investment will be directed towards supporting AuthenticID’s ongoing innovation in automated identity proofing as well as the firm’s market expansion efforts. AuthenticID, an established provider of Identity… Read More

Digital Asset Risk Management Platform Elliptic Chosen by Fintech Paysafe to Help Manage Crypto Exposure

Elliptic, a company focused on crypto-asset risk management, has been chosen by Paysafe, a specialized payments platform, for its Elliptic Lens solution. Paysafe is now able “to manage indirect exposure to cryptocurrency-related risks and bolster their cryptocurrency controls,” according to an update from Elliptic. Paysafe,… Read More

AI enhanced ID Verification, eKYC Service Provider Jumio Reports 150% Revenue Growth in Q2 2021

Jumio, an established provider of AI-enhanced end-to-end identity verification and eKYC services, reveals that its sales and revenue increased more than 150% during Q2 2021 when compared to Q2 2020. The growth has reportedly been fueled by “an ongoing need for modern enterprises to know… Read More

Lisa Fall, CEO of BOX Digital Markets, Waits on SEC for Regulatory Approval of Blockchain Based BSTX

  In 2018, BOX Digital Markets and tZERO entered into a joint venture that was predicted to become the world’s first regulated exchange for trading security tokens.  At the time of the announcement, it was reported that tZERO would manage the tech stack, maintenance, and… Read More

Digital Identity Verification Can be Improved by Adopting Consumer-Centric, Layered Approach: Trulioo Report

A new industry report, published by Trulioo, the global identity verification firm, and One World Identity, looks at the “nuances” of digital identity verification. As noted in a release shared with Crowdfund Insider: “In particular, it explores how adopting a consumer-centric and layered approach to… Read More

Clausematch Says Regtech Industry is at Tipping Point

Clausematch has published a report stating that the Regtech industry is at a tipping point as firms deal with “the ever-increasing regulatory burden and the cost of maintaining compliance.” Clausematch has distributed its ‘”Voice of Regtech” survey. According to the company, the survey was carried… Read More

Crypto Financial Services Firm Matrixport Adopts Elliptic Lens to Screen Virtual Currency Wallets, Offer Safe Financial Environment

Crypto financial services firm Matrixport reports that it has adopted Elliptic Lens in order to screen virtual currency wallets and offer a safer financial environment for their clients. As noted in a blog post by Elliptic, Matrixport aims to serve as a one-stop cryptocurrency financial… Read More

Cross Border Compliance Firm Eurora Raises $3 Million Seed Round

Eurora Solutions, an Estonian firm that offers an AI/ML service for cross-border transactions, has raised a $3 million seed round, according to a note from the firm. The seed round was led by Change Ventures which was joined by angels including the founders of Printify,… Read More

Regtech Clausematch Receives Top Prize at Innovate Finance Pitch360

Clausematch, a UK-based Regtech serving global markets, has been selected as the winner of the Innovate Finance Pitch360. Innovate Finance is a Fintech industry group that advocates on behalf of innovation in financial services. According to a note from Clausematch, over 2000 votes were tallied across… Read More

Regtech Suade Labs Adds Mansfield Building Society to its Client Portfolio, Company to Use Suade’s Reporting Tools

Regtech company Suade Labs, which aims to close the regulatory gap with modern technology, has reportedly added Mansfield Building Society to its client portfolio. Mansfield Building Society will be using the full-service offering provided by Suade Labs’ Regtech (regulatory technology) to address it reporting requirements…. Read More

Wells Fargo Acquires Stake in Compliance and Security Solutions Fintech Theta Lake

Wells Fargo (NYSE: WFC) has reportedly acquired a stake in Theta Lake, an established provider of compliance and security solutions for chat, video, and voice collaboration tools. Theta Lake aims to support the hybrid working trends that are becoming quite popular, especially after the COVID… Read More

Digital Identity: Prove Integrates TransUnion TruValidate ID Verification so it Can Serve Hong Kong Residents

Prove, which offers an innovative way of proving identity by requiring only a phone number, reveals that it has integrated TransUnion’s TruValidate identity verification solution into its product offering so that it can offer a new, instant, digital identity service in Hong Kong. The launch… Read More

Risk Management Solution Provider Foreside Acquires Hardin Compliance Consulting, which Offers Customized Regtech Solutions

Foreside Financial Group, LLC, provider of governance, risk management, and compliance (GRC) solutions and tech offerings to customers in the global asset and wealth management sector, has reportedly acquired Hardin Compliance Consulting, LLC. The combined entity has now established one of the largest compliance consulting… Read More

Rsquare Technologies Wins Regtech Recognition from Central Bank of Bahrain

Rsquare Technologies, a Bahrain-based Regtech, has won the Central Bank of Bahrain’s SuperNova 2021 ‘Regtech Innovation Challenge’. The Bahrain SuperNova Challenge was launched by the Central Bank of Bahrain (CBB) with the aim to further Bahrain’s Fintech industry’s development. Rsquare Technologies is a resident of one… Read More

Regtech: European Regulatory, Risk Tech Provider BearingPoint Acquires Dublin’s Vizor Software

Regtech firm BearingPoint, a European provider of regulatory, risk, and supervisory tech solutions, has reportedly acquired Ireland’s Vizor Software, a regulatory and supervisory technology provider. The amount paid for the acquisition has not been shared publicly. The management at Vizor will continue to lead the… Read More

Liti Capital: Swiss Company Tokenizes Litigation Financing

With most areas of finance exploring tokenization, it was only a matter of time before somebody applied it to the courts. Swiss litigation finance fund Liti Capital is expected to soon launch the LITI token, as an asset-backed equity token. That backing comes from ongoing… Read More

Italian Fintech Ultroneo, an E-Invoice and Digital Receipt Specialist, to Expand Business Operations

From startup to a business reporting €2 million in turnover and over a 62% growth when compared with the situation before the COVID-19 outbreak, Ultroneo, the Fintech firm which introduced the GetYourBill solution for instant digital invoicing, is now preparing to branch out into foreign… Read More

Osome, an Accounting and Regtech Super App for SMEs, Secures $16M via Series A

Osome, a three-year-old Super App that digitizes accounting and compliance services for small businesses, has secured $16 million through a Series A round that received contributions from a group of investors including Target Global, AltaIR Capital, Phystech Ventures, S16VC, and Peng T. Ong (who joined… Read More

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