Regtech & Legaltech

June 29, 2024 @ 8:10 am By Omar Faridi  |  

SteelEye‘s Communications Surveillance solution, powered by our Compliance CoPilot, is said to enable compliance teams to “master” eComms and vComms compliance. The platform claims to support any communication channel “including voice, chat, email, meetings, and social messaging.” SteelEye explains that it “provides language detection, transcription,… Read More

June 28, 2024 @ 11:59 am By Omar Faridi  |  

Jumio, a provider of automated identity verification, and risk signals has released new findings from its Jumio 2024 Online Identity Study. This year’s results highlight growing anxiety “among consumers that weaknesses in their banks’ fraud-protection measures could leave them exposed to scammers, which would result… Read More

June 28, 2024 @ 6:49 am By Omar Faridi  |  

Fenergo, the provider of tailored software-as-a-service (SaaS) solutions for Know Your Customer (KYC), Transaction Monitoring (TM), and Client Lifecycle Management (CLM), announced the findings from its KYC in Commercial Banking research, which analyzed responses from mid-market commercial banks in the US with assets ranging from… Read More

June 27, 2024 @ 3:45 pm By Omar Faridi  |  

In today’s rapidly evolving financial landscape, community banks and credit unions face significant challenges in managing identity trust, verification and fraud prevention. This, according to an update from FiVerity. Traditional KYC (Know Your Customer) and CIP (Customer Identification Program) implementations are often fragmented, incomplete, and… Read More

June 25, 2024 @ 1:42 pm By Omar Faridi  |  

REGnosys, the collaboration platform for regulatory reporting, has contributed the language underpinning its digital regulatory reporting solution to the Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation. The language – formerly known as the Rosetta DSL (Domain-Specific Language) and renamed… Read More

June 21, 2024 @ 6:09 pm By Omar Faridi  |  

Sumsub has reportedly entered a long-term partnership with Finastra, jointly enabling banking clients to adopt Sumsub’s compliance and anti-fraud solutions. Sumsub has teamed up with Finastra, a global provider of financial software applications and marketplaces, in order to “support financial institutions worldwide with their compliance… Read More

June 21, 2024 @ 8:19 am By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, today announced a strategic partnership with Capital.com, a retail trading platform, to support its global expansion with streamlined, convenient onboarding. Capital.com, whose client trading volumes “exceeded $1 trillion in 2023, is one… Read More

June 20, 2024 @ 3:22 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management (CLM), announces that First Abu Dhabi Bank (FAB) the largest bank in the United Arab Emirates (UAE), has “integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client… Read More

June 14, 2024 @ 9:24 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring (TM) and Client Lifecycle Management (CLM), and NS Solutions (NSSOL), a technology solutions provider, today announce a strategic partnership to support financial institutions in Japan in meeting rising regulatory obligations. The partnership… Read More

June 11, 2024 @ 10:23 am By Omar Faridi  |  

iProov, a provider of science-based biometric identity solutions, announces that its Dynamic Liveness Solution, the science powering the iProov Biometric Solution Suite’s Remote Onboarding and Authentication solutions, is the first to achieve the new global certification on face biometric identity verification from the FIDO Alliance…. Read More

June 10, 2024 @ 9:30 am By Omar Faridi  |  

Trulioo, an identity platform with global coverage for person and business verification, announced a partnership with BDSwiss for Person Match and Watchlist Screening capabilities across EMEA, Asia and the Americas. The financial institution, which offers foreign exchange (forex) and “contract for difference” investment services to… Read More

June 3, 2024 @ 11:27 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, announced a partnership with AhnLab Blockchain Company. Signed on April 30, 2024, the MoU focuses “on cooperation in next-generation virtual asset anti-money laundering (AML) security… Read More

June 2, 2024 @ 3:54 pm By Omar Faridi  |  

World ID orb verifications are now available in the Colombian cities of Bogotá and Medellín. A central component of Worldcoin, World ID is “a digital humanness passport that enables individuals to securely prove they are a unique human for a growing number of applications.” You must… Read More

June 1, 2024 @ 10:51 am By Omar Faridi  |  

Sumsub recently shared Q1 data for deepfake fraud worldwide, showcasing alarming YoY trends in AI-powered scams. With half the world’s population heading to the polls this year, Sumsub, a global full-cycle verification provider, detected “upwards of a 245% YoY increase in deepfakes worldwide.” The findings… Read More

May 31, 2024 @ 4:46 pm By Omar Faridi  |  

Oscilar, a provider of AI-driven risk management solutions, and Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced a partnership that will aim to set “a new standard in digital identity verification, fraud prevention and risk management for… Read More

May 29, 2024 @ 2:07 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced its strategic partnership with Footprint, a unified onboarding platform for identity, fraud and security. The addition of Footprint to Treasury Prime’s Partner Marketplace will “provide banks and their fintech clients access to Footprint’s Know Your Customer (KYC)… Read More

May 29, 2024 @ 10:13 am By JD Alois  |  

Crowdcheck is one of the foundational firms that entered the securities crowdfunding sector, supporting issuers and platforms that enable online capital formation. Crowdcheck is probably the top legal services firm preparing Reg A+ documents for issuers, which the Securities and Exchange Commission must qualify for… Read More

May 27, 2024 @ 10:06 pm By Omar Faridi  |  

LexisNexis Risk Solutions released the results of its annual Cybercrime Report, an analysis of data from 92 billion transactions processed through its LexisNexis Digital Identity Network throughout 2023. The report, Confidence Amid Chaos, reveals “a 19% year-over-year (YOY) increase in the global human-initiated digital attack rate… Read More

May 21, 2024 @ 8:37 am By Omar Faridi  |  

The Digital Identity Regulation has reportedly entered into force. This means that the solution will become available by 2026. A digital ID and personal digital wallet for EU citizens, residents and businesses should help with enabling more frictionless experiences in an online environment. As noted… Read More

May 20, 2024 @ 7:41 am By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanctions screening, and fraud prevention, today released a new report titled, “The State of Digital Identity in 2024”, in partnership with The Center for Digital Government. According to the Government Accountability Office, the federal government… Read More