Regtech & Legaltech

December 18, 2024 @ 12:00 pm By Omar Faridi  |  

Sumsub is announcing its partnership with Darkex, a blockchain platform renowned for its commitment to trust and security. This collab sets a benchmark for user experiences and compliance in the blockchain space. Sumsub will equip Darkex with verification and anti-money laundering (AML) capabilities, ensuring fast onboarding;… Read More

December 17, 2024 @ 5:48 pm By Omar Faridi  |  

FinCrime Dynamics reports that it secured seed funding to improve financial crime prevention processes with AI and synthetic data. More than 3 million cases of fraud are reported in the UK every year, shockingly it accounts for “nearly 40% of all reported crime.” To tackle… Read More

December 17, 2024 @ 1:25 pm By Omar Faridi  |  

Digital identity verification is a term that is evolving and often given different definitions, according to an update from Juniper Research. Juniper Research considers digital identity to be defined more formally as follows: ‘A digital representation of an entity; this can be one or more… Read More

December 15, 2024 @ 1:50 pm By Omar Faridi  |  

Fenergo, a provider of AI-powered solutions for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring, and Client Lifecycle Management (CLM), reports a profit before tax of “€12.6 million and a 20% increase in software license growth” in its financial results for the year ending… Read More

December 11, 2024 @ 11:11 am By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention announced milestone achievements for its First-Party Fraud Consortium. The consortium seeks to unify firms in order to tackle the multi-industry issue of First-Party Fraud by “pooling data and insights which… Read More

December 7, 2024 @ 2:32 pm By Omar Faridi  |  

Keyblock Solutions has announced a partnership with SlowMist’s AML product, MistTrack. By integrating MistTrack’s Know Your Transaction (KYT) solution, Keyblock aims to enhance its clients’ digital asset fund compliance governance, providing them with more “efficient and reliable compliance support.” This collaboration marks a step forward… Read More

December 7, 2024 @ 2:28 pm By Omar Faridi  |  

Entrust, a global enabler of trusted payments, identities, and data security, announces a partnership with PetProov, an online platform that verifies pet buyers, breeders, and adopters. The collab will equip the PetProov platform with the Entrust Onfido identity verification (IDV) to bring “transparency, accountability, and… Read More

December 4, 2024 @ 11:04 pm By Omar Faridi  |  

cheqd, a “decentralized” payment and trust infrastructure provider, has announced a partnership with ID Crypt Global, a digital identity and security company, to integrate identity and security solutions into Apex Digital Exchange (ADEX), a key player in the decentralized finance (DeFi) space. This collab is… Read More

December 3, 2024 @ 9:46 pm By Omar Faridi  |  

Themis, a global firm that’s focused on financial crime prevention, announces the official launch of Tathabbat. This reportedly marks an important step in Saudi Arabia’s fast-growing compliance landscape, aligning with Vision 2030 as well as the Middle Eastern nation’s ongoing push to adopt innovative Know-Your-Finance… Read More

December 2, 2024 @ 11:08 am By Omar Faridi  |  

Regtech ComplyAdvantage has shared 2025 predictions from professionals working at the Regtech company, which specializes in financial crime intelligence. As mentioned in the update from Regtech company ComplyAdvantage, the predictions span the future of sanctions during a Trump presidency, as well as corporate transparency/beneficial ownership… Read More

December 2, 2024 @ 9:24 am By Tony Zerucha  |  

Entrust and Onfido’s 2025 Identity Fraud Report chronicles how 2024 will be remembered as the year digital manipulation overtook the physical before showing us the trends that will dominate in 2025. The increased availability and ease of use of advanced technologies like AI lower barriers… Read More

December 2, 2024 @ 8:16 am By Omar Faridi  |  

European Regtech Salv announced the launch of its Collaborative Scenario Library, a tool designed to help AML teams improve their transaction and customer monitoring in order to catch more financial crime. The Collaborative Scenario Library, which is a feature of the Salv Monitoring solution, is… Read More

November 30, 2024 @ 11:06 am By Omar Faridi  |  

The European Commission (EC) adopted rules for the core functionalities and certification of the European Digital Identity (eID) Wallets under the European Digital Identity Framework. As noted in the update shared by the EC, this is considered to be a major step towards Member States… Read More

November 28, 2024 @ 12:13 pm By Omar Faridi  |  

Solidgate — a payment processing platform that offers orchestration and acquiring capabilities —announced the launch of its Tax Compliance Platform, a solution designed to simplify VAT and sales tax management for digital businesses. Offering an alternative to outdated tax management tools, this new platform eliminates… Read More

November 28, 2024 @ 11:11 am By Omar Faridi  |  

Fenergo, a provider of AI-enhanced solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), announced Geneva-based investment group Pictet has reportedly deployed Fenergo’s CLM solution in order to enhance its asset servicing capabilities. FundPartner Solutions (Europe) SA, the Pictet Group’s European… Read More

November 27, 2024 @ 4:58 pm By Omar Faridi  |  

With the holiday season approaching, HYPR, the Identity Assurance company, is cautioning retailers about the impact of identity-related breaches on holiday-sales, customer loyalty and financial stability. Based on a survey of nearly 400 IT security decision-makers and retail customers, HYPR’s latest spotlight report, ‘The Unexpected… Read More

November 26, 2024 @ 8:50 am By Omar Faridi  |  

Brightflag, an AI-powered e-billing and matter management platform for corporate legal departments, launched Ask Brightflag, which is described as the first generative AI assistant for legal spend and matters. E-billing and matter management tools are said to serve the following purposes: They perform tasks, like… Read More

November 21, 2024 @ 10:00 pm By Omar Faridi  |  

Collabria Financial Services, Canada’s credit union credit card issuer, announced that they will partner with Regtech Trulioo, a global firm focused digital identity verification. This collab will now aim to support a more streamlined verification process for new cardholders. By integrating Trulioo capabilities, Collabria will… Read More

November 19, 2024 @ 8:56 am By Omar Faridi  |  

The Entrust Cybersecurity Institute released findings from its 2025 Identity Fraud Report. As cyber criminals continue to adapt their techniques to find new ways through defenses, AI-assisted fraud is growing increasingly sophisticated and frequent, as unveiled by the report. The research findings reveal a deepfake… Read More

November 18, 2024 @ 4:08 am By Omar Faridi  |  

Socure, the provider of AI for digital ID verification, sanction screening, and fraud prevention announced the launch of Graph Intelligence, an addition to its Sigma Identity Fraud suite. This module provides fraud, compliance, and data science teams exclusive access to unique, “deterministic” signals that reveal… Read More