Regtech & Legaltech

March 5, 2024 @ 10:00 pm By Omar Faridi  |  

Unit21, a key provider focused on Fraud and AML solutions, unveiled its new AI-powered features at Fintech Meetup. The innovative Ask Your Data and AI Copilot tools are “designed to significantly enhance the decision-making capabilities and operational efficiency of fraud analysts, compliance officers, and risk… Read More

March 4, 2024 @ 11:27 am By Tony Zerucha  |  

AU10TIX, a global technology leader in identity verification and management, this week launched a know your business (KYB) solution that enables companies to know exactly who they are doing business with and avoid potential financial and reputational losses. By combining KYB with KYC (know your… Read More

March 4, 2024 @ 8:21 am By Tony Zerucha  |  

DataVisor, an AI-powered fraud and risk platform, this week announced the launch of a solution designed to detect fraud and financial crimes more effectively while upholding sponsor bank compliance in the face of evolving regulations for Banking-as-a-Service (BaaS) offerings. The solution for sponsor banks replaces… Read More

March 4, 2024 @ 7:23 am By Omar Faridi  |  

FullCircl, a UK-based SaaS platform that removes the regulatory and verification roadblocks to drive revenue growth, is excited to announce the launch of its first white label orchestration platform through W2 by FullCircl to help regulated businesses onboard more customers and meet regulatory requirements. It’s… Read More

March 3, 2024 @ 10:00 pm By Omar Faridi  |  

Equifax (NYSE: EFX) is launching a real-time, Know Your Business (KYB) online Business Verification Solution offering “to help U.S. lenders and businesses of all sizes make faster, more informed decisions before onboarding new accounts or vendors.” New business applications in the United States have “been… Read More

March 2, 2024 @ 4:24 pm By Omar Faridi  |  

Alloy, the identity risk management company behind nearly 600 banks and fintech companies, today announced Alloy for Embedded Finance, a new product custom-designed for sponsor banks, BaaS providers, and their fintech partners to collaboratively manage identity risk and stay ahead of regulatory requirements. Oftentimes, sponsor… Read More

March 1, 2024 @ 8:50 am By Omar Faridi  |  

Socure, a provider of artificial intelligence [AI] for digital identity verification,  and Trustly, an Open Banking payments provider, today announced a partnership to offer merchants and Fintechs a streamlined onboarding and guaranteed Pay by Bank solution. This integration allows merchants, especially in industries “that require… Read More

February 26, 2024 @ 9:53 pm By Omar Faridi  |  

Prove Identity, Inc., the global enabler of digital identity, announced a strategic business partnership in Brazil with TargetData, one of Brazil’s big data analysis companies. The agreement will enable more large companies in Brazil to access Prove’s digital identity verification and authentication solutions. The alliance… Read More

February 26, 2024 @ 11:18 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF),  Cambridge SupTech Lab, has shared a survey on the adoption of Suptech or Supervisory Technology, showing an increase in initiatives.  CCAF and the Lab are both part of the Cambridge Judge Business School. CCAF is the leading global… Read More

February 26, 2024 @ 5:21 am By Omar Faridi  |  

Jumio, a provider of end-to-end identity verification and compliance solutions, has announced the addition of Igor Beckerman as Chief Financial Officer. Beckerman has three decades of finance leadership experience, most notably “as leading customer success platform Gainsight’s first-ever CFO, and at Marketo, where he served… Read More

February 25, 2024 @ 5:50 pm By Omar Faridi  |  

Silent Eight, a Regtech firm specialising in partnering with major financial institutions to drive efficiency, increased accuracy and adaptability within their financial crime programs, announced the expansion of its relationship with HSBC to “implement Automated Alert Closure for Transactions automates investigation and resolution of alerts… Read More

February 25, 2024 @ 3:07 am By Omar Faridi  |  

spektr is officially exiting stealth mode and ready to turn ongoing due diligence into a revenue-generating asset for compliance. spektr says that their journey is being “supported by a €5 million seed round led by Northzone, Seedcamp, and PreSeed Ventures, enabling them to introduce advanced… Read More

February 22, 2024 @ 6:55 pm By Omar Faridi  |  

NAB welcomed the announcement by the Government to begin consultation on a draft Digital ID bill, an important milestone in advancing the Australian Digital Identity ecosystem. NAB Executive Digital Governance Brad Carr said “the move will help to protect customers and provide greater convenience.” Mr… Read More

February 22, 2024 @ 3:02 pm By Omar Faridi  |  

As high-profile biometric breaches and violations make headlines, consumer comfort levels in sharing biometrics have declined significantly. According to GetApp’s 2024 Biometric Technologies Survey of 1,000 consumers, the number of individuals who highly trust tech companies to safeguard biometric data has absolutely “plummeted, falling from… Read More

February 21, 2024 @ 2:36 pm By Omar Faridi  |  

Prove Identity, Inc., the global enabler of digital identity, announced it has been appointed to the FIDO Alliance Board of Directors. Tim Brown, global identity officer at Prove, will serve “as the company’s Primary Board Delegate.” Today, over 80% of data breaches are “caused by… Read More

February 16, 2024 @ 9:53 am By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, today announced it has partnered with EQ Bank, the digital platform of Canada’s Challenger Bank. EQ Bank chose Trulioo Identity Document Verification, Workflow Studio and Business Verification to “streamline customer and business… Read More

February 15, 2024 @ 8:19 am By Omar Faridi  |  

IDnow, an identity verification platform provider in Europe, joins a consortium of five partners, including the IOTA Foundation and Walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulation and the… Read More

February 14, 2024 @ 3:22 am By Omar Faridi  |  

Temenos Exchange clients can now access a suite of top identity verification solutions to streamline customer onboarding, manage digital identity, mitigate fraud and simplify the KYC processes. Facephi, a provider of secure identity verification solutions announced the availability of its suite of technology solutions on… Read More

February 13, 2024 @ 5:25 am By Omar Faridi  |  

iDenfy, a Lithuanian Regtech known for its full-stack ID verification service, announced a  partnership with RaiseFX, a key player in the CFD broker sector. This partnership will help RaiseFX offer a user-friendly ID verification workflow, allowing clients to gain access to various trading and investment… Read More

February 9, 2024 @ 6:24 pm By Omar Faridi  |  

IDEX Biometrics and KONA I are partnering to deploy biometric payment and access cards in Japan. With credit card fraud reported by Japanese companies increasing by 30% year over year to USD 294 million, banks in the market are showing interest for biometric smartcard solutions,… Read More