Regtech & Legaltech

February 8, 2025 @ 8:42 am By Tony Zerucha  |  

A roster of blockchain industry executives believes moving the United States’ records and treasury transactions onto a blockchain would bring a string of benefits. Jean Rausis, co-founder of the decentralized finance ecosystem SMARDEX, believes that moving the US Treasury’s transactions onto the blockchain would make… Read More

February 6, 2025 @ 9:09 pm By Omar Faridi  |  

Singapore’s banking industry is facing an “unprecedented” challenge as the number of clients abandoning banks due to “slow and inefficient onboarding practices” has surged to record levels, according to research from Fenergo, a global firm focused on client lifecycle management (CLM), Know your Customer (KYC)… Read More

February 5, 2025 @ 6:16 am By Omar Faridi  |  

Regtech Sumsub has announced a partnership with Funtico, a Web 3.0 gaming platform. This collaboration aims to enhance compliance and security in the iGaming sector, ensuring that Funtico remains “fully compliant with evolving regulations.” Funtico provides an incentive-driven gaming platform “for players for partner gaming… Read More

February 3, 2025 @ 9:57 am By JD Alois  |  

Regtech ThetaRay will work with IDB Bank, a subsidiary of Israel Discount Bank LTD, to combat financial crime. IDB Bank is an FDIC-insured commercial bank based in New York with offices in California, Florida, and the tri-state area. ThetaRay uses cognitive AI to combat financial… Read More

January 30, 2025 @ 8:08 am By Omar Faridi  |  

Regtech Sumsub announces its membership into the Payments Association EU, an industry group of stakeholders in the payments sector that fosters commercial connections between businesses and advocates for better policies. It joins a group of members, including the following firms: Mastercard, Visa, and Paypal and… Read More

January 28, 2025 @ 8:25 pm By Omar Faridi  |  

Brightflag launches Matter Updates to further its goal of providing in-house professionals with complete visibility into legal work and spend. Ian Nolan, founder and CEO of Brightflag said: “To effectively deliver legal services, it’s essential that in-house leaders understand how legal work is progressing. Matter… Read More

January 27, 2025 @ 7:50 am By Omar Faridi  |  

Adclear, a Regtech startup dedicated to transforming compliance processes for fast-growing fintech companies, has raised £510,000 in pre-seed funding. Investors Haatch, Force Over Mass, and Founders Capital have backed the venture to support Adclear’s mission of automating financial services marketing compliance. The company addresses the… Read More

January 26, 2025 @ 3:32 pm By Omar Faridi  |  

Juro, a contract automation platform leveraging artificial intelligence, has announced the opening of its US headquarters in Boston. This move aims to strengthen its presence in its largest market, accelerate growth, and enhance support for its US customer base. Founded in London in 2016, Juro… Read More

January 25, 2025 @ 12:34 pm By Tony Zerucha  |  

Entrust, a provider of trusted payments, identities, and data security, this week introduced AI-powered identity verification as a new capability for its Identity-as-a-Service (IDaaS) platform. In 2024, US businesses lost an estimated $112 billion to fraud, the equivalent of nearly 7% of their revenue. Modern attacks,… Read More

January 24, 2025 @ 10:04 am By Omar Faridi  |  

Q2 Holdings Inc. (NYSE: QTWO), a provider of digital transformation solutions for financial services, announced a strategic partnership with Alloy, an identity and fraud prevention platform provider, to deliver a joint ongoing fraud monitoring solution for Q2 Digital Banking customers. Powered by Alloy’s centralized identity… Read More

January 23, 2025 @ 3:22 pm By Omar Faridi  |  

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-money Laundering (AML), transaction monitoring and Client Lifecycle Management (CLM), has released its analysis of global financial institution enforcement actions from Jan 1, 2024, to Dec 31, 2024. Fenergo’s report reveals critical insights into the… Read More

January 23, 2025 @ 10:48 am By Omar Faridi  |  

Persona, a global identity platform, announced significant advancements in its AI-based face spoof detection capabilities. These updates strengthen Persona’s ability to detect and “prevent increasingly sophisticated generative AI fraud techniques.” AI-based face spoofs – such as deepfakes, synthetic faces, and face morphs – have “enabled… Read More

January 22, 2025 @ 7:47 am By Omar Faridi  |  

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-money Laundering (AML), transaction monitoring and Client Lifecycle Management (CLM), has released its analysis of financial institution enforcement actions for AML and Environmental, Social and Governance (ESG) violations from 1 Jan 2024, to 31 Dec… Read More

January 18, 2025 @ 12:55 pm By Omar Faridi  |  

Regtech ComplyAdvantage noted that organized crime—coordinated criminal enterprises profiting from a range of illegal activities—plays “an increasingly dominant role in global criminality.” Regtech ComplyAdvantage pointed out that what’s more, it is shaping much of the “global political agenda.” From Donald Trump threatening to issue sweeping… Read More

January 17, 2025 @ 7:39 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) reported “record-breaking” enforcement actions in 2024, while the value of fines issued by the Financial Conduct Authority (FCA) more than tripled year-on-year, according to SteelEye’s annual fine tracker. To create its annual… Read More

January 16, 2025 @ 7:01 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, announced  the findings of its report on financial institution enforcement actions. Global regulatory fines in 2024 saw a decline in value from “$6.57 billion in 2023 to… Read More

January 11, 2025 @ 6:29 pm By Omar Faridi  |  

Lemonway, a European payment institution, announces the launch of Online Onboarding, a solution designed to streamline the merchant onboarding process for marketplaces. As explained in the update, online onboarding eliminates the need for marketplaces to manage new customer onboarding, allowing them “to focus on business… Read More

January 11, 2025 @ 6:15 pm By Tony Zerucha  |  

This week, Deep Vector, an AI platform for analyzing underwriting documents, closed its seed round of $1.5M, co-led by Aperture Venture Capital and InsurTech NY. Deep Vector helps insurers and brokers translate the influx of analog documents used for underwriting risk—claims loss runs, Acord forms, motor… Read More

January 6, 2025 @ 9:29 am By Omar Faridi  |  

Amsterdam headquartered Ver.iD has reportedly finalized a $2 million angel round for its digital identity verification SaaS platform. Amsterdam‘s VeriD, a digital identity verification SaaS platform that has been founded in 2022 by Robert Van Altena, confirmed that it raised €2 million in funding to… Read More

January 2, 2025 @ 8:39 pm By Omar Faridi  |  

Identity verification APIs play a vital role in integrating applications in a way that establishes security, improves compliance, and streamlines user onboarding. This, according to an update from Prove. Prove explained that these tools are necessary for creating trustworthy digital ecosystems, as they address everything… Read More