Regtech & Legaltech

May 19, 2024 @ 9:48 pm By Omar Faridi  |  

Money Carer, a UK-based national social enterprise focused on providing secure money management services for vulnerable people, has partnered with global card manufacturer Tag Systems and biometrics company Fingerprint Cards AB. The companies have created and “launched a biometric-enabled ‘carer card’, addressing barriers that have traditionally… Read More

May 18, 2024 @ 3:33 pm By Omar Faridi  |  

CUBE, a global enabler of Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses. The acquisition of these global businesses “represents a major step forward in CUBE’s growth plans. It will… Read More

May 16, 2024 @ 10:41 pm By Omar Faridi  |  

Jumio, the provider of automated, AI-driven identity verification, risk signals and compliance solutions, released the Jumio 2024 Online Identity Study, the third installment of its annual global consumer research. This year’s results highlight significant “concerns among consumers about the risks associated with generative AI and… Read More

May 15, 2024 @ 2:30 pm By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, announced the appointment of David Liu as senior vice president of fraud & risk. Liu will lead the Fraud & Risk team at Trulioo with “the charge of cementing the company’s position… Read More

May 14, 2024 @ 10:11 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), has bolstered its presence in the EMEA region with the appointment of Ruth Ormsby as Managing Director of EMEA. Ormsby started her role on 29 April. Based… Read More

May 13, 2024 @ 10:58 pm By Omar Faridi  |  

Mashreq, a financial institution in the MENA region, announced that it has selected Silent Eight to provide Name Screening and Adverse Media Alert Adjudication automation capabilities related to sanctions and anti-money laundering regulatory requirements. Silent Eight is a RegTech company whose artificial intelligence-based platform “offers… Read More

May 13, 2024 @ 5:09 pm By Omar Faridi  |  

Sumsub has announced the second iteration of its Advanced Transaction Monitoring Masterclass 2024 after exceptional feedback following its initial launch in February. Over 2,500 anti-money laundering (AML), anti-fraud, and compliance professionals in the fintech sector registered. The self-paced course helped “to boost their knowledge in… Read More

May 13, 2024 @ 8:05 am By Tony Zerucha  |  

Mesh, a provider of real-time professional license verification trusted by leading marketplaces, today announced the launch of its Multi-Factor Business Identity solution for marketplaces, e-commerce, and vendor and contractor compliance. Co-founded by ex-Amazon executives Diego Asenjo (CEO) and Tony Bryan (CTO), and following a $5.7 million seed… Read More

May 12, 2024 @ 10:05 pm By Omar Faridi  |  

Novibet has announced that it has selected FullCircl’s identity solutions platform, W2, as its new digital compliance partner. The partnership will help Novibet meet regulatory compliance requirements and ensure its customers interact in “a safe and secure environment.” The solution W2 has designed for Novibet… Read More

May 12, 2024 @ 12:23 pm By Omar Faridi  |  

FloQast has introduced new feature enhancements to its FloQast Compliance Management solution, including proactive risk assessment, new management of compliance programs, and more. The feature enhancements reportedly “bring greater ROI to chief financial officers and accounting and finance teams through a lower total cost of… Read More

May 8, 2024 @ 5:06 pm By JD Alois  |  

Identity firm Token Security has raised $7 million while announcing it has emerged from stealth mode. The seed round was led by TLV Partners and SNR, along with multiple angel investors, including Shlomo Kramer, who is described as a founding father of cybersecurity in Israel…. Read More

May 8, 2024 @ 9:28 am By Omar Faridi  |  

Corlytics, a regulatory intelligence and policy compliance tech provider, has acquired a digital Regtech platform from Deloitte UK. The marriage of the two platforms is described as transformational, “completing the cycle of regulatory assessment and implementation.” The announcement closely “follows Verdane’s majority stake investment last… Read More

May 6, 2024 @ 10:30 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, released its inaugural Document and Biometric Identity Fraud Report, detailing the rampant use of fake government-issued IDs and the techniques used to fool legacy document verification systems. According to the… Read More

May 6, 2024 @ 2:52 pm By Omar Faridi  |  

Sumsub has announced that it will be integrating with CODE, a Travel Rule compliance solution. Both companies will collaborate to facilitate secure and immediate data sharing among Virtual Asset Service Providers (VASPs), “aligning with Travel Rule compliance requirements for virtual asset transactions.” In addition to… Read More

May 4, 2024 @ 11:01 am By Omar Faridi  |  

Chainalysis, the blockchain intelligence firm, and Chainalysis Government Solutions (CGS), Chainalysis’ wholly-owned subsidiary focused on U.S. government customers, today announced that part of the company’s Crypto Investigations solution – has “achieved an In Process designation from the Federal Risk and Authorization Management Program (FedRAMP) and… Read More

May 1, 2024 @ 3:34 pm By Omar Faridi  |  

Sumsub announced that it has teamed up with Onda Più, an energy services company based in Sicily. Together, the two companies are supporting digital user onboarding and fraud prevention for Italian electricity and natural gas services. This collaboration will help Onda Più ensure smooth verification… Read More

April 30, 2024 @ 1:49 pm By Omar Faridi  |  

Compliance teams are facing escalating pressures driven by greater regulatory scrutiny and macroeconomic challenges, according to the 2024 Annual Compliance Health Check Report from SteelEye, the firm behind the industry’s integrated surveillance solution. The survey found that 56% of firms are “investing in communications surveillance,… Read More

April 28, 2024 @ 9:52 am By Omar Faridi  |  

Feedzai, a provider of financial crime and risk management solutions, announced results for its 2024 fiscal year, delivering a strong combination of revenue growth acceleration and positive free cash flow margins. Business expansion was highlighted by “the expansion of Feedzai’s behavioral biometrics business, which grew… Read More

April 25, 2024 @ 10:11 pm By Omar Faridi  |  

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today marked the one-year anniversary of its Singapore office by highlighting how its 24/7 implementation support “helps Asia-Pacific (APAC) brands expand into new markets, meet complex regulatory requirements and quickly onboard… Read More

April 23, 2024 @ 9:23 pm By Omar Faridi  |  

The KILT team has completed all milestones of the Polkadot Treasury Grant for developing the Decentralized Identity Provider (DIP), and DIP is now ready for use. Using DIP, any chain can become “an identity provider, and any parachain (and, in the future, external chains) can… Read More