Regtech & Legaltech

September 20, 2024 @ 7:59 am By Omar Faridi  |  

FloQast announced the results of Exploring Strategic Compliance: The Next Frontier, the company’s latest research initiative aimed at shedding light on the trends and challenges facing compliance teams. The survey reveals that 47% of compliance professionals are “focused on simply finding a better, easier way… Read More

September 19, 2024 @ 9:46 pm By Omar Faridi  |  

Licensed digital asset exchange HashKey Global, and Elliptic, the global company focused on crypto-asset risk management, are pleased to announce a partnership. This collaboration marks a significant step forward in “setting new standards for compliance, security, and risk control in the evolving digital asset landscape.”… Read More

September 19, 2024 @ 8:58 am By Omar Faridi  |  

Sumsub announces the integration of its Travel Rule solution with the Sygna Travel Rule protocol to allow its crypto and fintech clients to communicate with the Virtual Asset Service Providers (VASPs) in the Sygna ecosystem, particularly with those in Japan and Taiwan. The added protocol… Read More

September 16, 2024 @ 5:36 pm By Omar Faridi  |  

At SteelEye, they claim to understand the critical importance of maintaining operational resilience and ensuring the security of their systems and services. SteelEye says they are are committed to safeguarding “both their operations and client data from potential risks and disruptions.” In alignment with the… Read More

September 15, 2024 @ 7:25 pm By Omar Faridi  |  

Wormhole brings World ID to Solana as new World ID integrations take off globally. Interoperability platform Wormhole, a recipient of the Worldcoin Community Grants Wave, has successfully “completed its efforts to bring World ID to Solana, enabling builders on the layer 1 blockchain to join… Read More

September 13, 2024 @ 8:32 am By Omar Faridi  |  

KYC/KYB (Know Your Customer/ Know Your Business) systems is a rapidly evolving area of technology which must compensate for the constant increase in volume and complexity of online financial crime. This, according to an extensive report from Juniper Research. Juniper Research explains the role of… Read More

September 13, 2024 @ 8:23 am By Omar Faridi  |  

Digital identity passports refer to a technology that allows users to aggregate their identification credentials—such as government-issued IDs, banking information, and health data—into a single digital format. This, according to an update from PitchBook. PitchBook explained that this digital passport “ensures frictionless, secure access to… Read More

September 12, 2024 @ 6:32 am By Omar Faridi  |  

Landesbank Baden-Württemberg (LBBW), Germany’s largest state bank, has selected Fenergo, the provider of solutions for know your customer (KYC), client lifecycle management (CLM) and transaction monitoring to provide a new cloud-based client onboarding system to enhance its compliance processes. Fenergo will support LBBW’s business in… Read More

September 11, 2024 @ 9:47 pm By Omar Faridi  |  

Sumsub, a global full-cycle verification provider, received the highest product scores and proved full regulatory compliance of its Non-Doc solution after FINTRAIL audit FINTRAIL, a UK-based consultancy “helping companies manage their exposure to financial crime risk & maintain regulatory compliance, examined our Non-Doc Identity Verification… Read More

September 9, 2024 @ 10:01 pm By Omar Faridi  |  

Sumsub has announced that Local Data Processing (LDP) capabilities are now available in the Asia-Pacific (APAC) region, specifically in Singapore, Hong Kong, Indonesia, and the Philippines. This infrastructure reaffirms Sumsub’s dedication to “ensuring data privacy and regional compliance, following the successful launch in the MEA… Read More

September 9, 2024 @ 9:54 pm By Omar Faridi  |  

PwC announces the launch of Beacon, an innovative international tax platform that promises to bring agility, efficiency and speed to tax calculations. As global tax regulations continue to evolve, Beacon is designed “to help multinational organizations navigate the complexities of the OECD’s Pillar Two framework,… Read More

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

September 1, 2024 @ 5:35 am By Omar Faridi  |  

AuthenticID, a global company focused on identity verification and fraud prevention solutions, announced the newest release of Smart ReAuth. Smart ReAuth is a reauthentication solution “that leverages a selfie to re-confirm an identity. First released in 2021, this enhanced version offers verifications in less than… 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