Regtech & Legaltech

January 23, 2024 @ 7:01 am By Omar Faridi  |  

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a Regtech company specializing in anti-money laundering and financial fraud prevention. Satchel’s commitment to delivering banking services, “underscored by a robust emphasis on regulatory compliance and… Read More

January 22, 2024 @ 2:31 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, launched a fully integrated, internally developed, identity fraud solution suite that fuses personal identifiable information (PII) validated by thousands of data sources, real-time network and anomaly detection, “with digital and… Read More

January 21, 2024 @ 5:46 pm By Omar Faridi  |  

Regtech Sumsub has reportedly joined the MENA FinTech Association (MFTA) in order to drive business growth in the MENA region, while “raising identity fraud awareness, and fostering innovation in the fintech sector.” This partnership highlights Sumsub’s commitment “to establishing and strengthening key industry connections and… Read More

January 19, 2024 @ 5:30 pm By Omar Faridi  |  

Digital Onboarding, the SaaS company helping more than 100 financial institutions deepen their customer relationships, announced it closed a $58 million growth investment from Boston-based growth equity firm Volition Capital. The investment follows secular growth for Digital Onboarding as banks and credit unions increasingly “seek… Read More

January 18, 2024 @ 11:14 pm By Omar Faridi  |  

Encompass Corporation, the global provider of real-time digital Know Your Customer (KYC) profiles, has acquired CoorpID and Blacksmith KYC from ING to develop a platform that solves “the critical challenge of identification and verification of corporate and institutional clients.” In 2018, CoorpID was founded “by… Read More

January 13, 2024 @ 10:43 am By Omar Faridi  |  

Open Campus announced that Open Campus ID, its decentralized identifier (DID), will launch on 23 January to “connect potentially millions of learners from Open Campus’ network of partners to Web3 education through the Open Campus Alliance.” The Open Campus Alliance is described as “an ecosystem… Read More

January 12, 2024 @ 9:36 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), know your customer (KYC) and transaction monitoring, released its annual findings on global financial institution enforcement actions, which reveal that “the value of penalties imposed on firms surged 57% in 2023.” Penalties for failing… Read More

January 4, 2024 @ 6:10 pm By Omar Faridi  |  

As demand for generative AI in the legal sector increases, Robin AI, the AI-powered legal copilot, today announces that it has raised $26 million in new funding. The Series B investment round is “led by Temasek, a global investment company headquartered in Singapore.” Other investors… Read More

January 4, 2024 @ 8:31 am By Omar Faridi  |  

Kathy Gormley, the AML Product Manager at Resistant AI, a start-up using machine-learning techniques to protect organizations from fraud, says that APP scams are on the rise, and financial institutions are under pressure to stem the flow of ill-gotten gains from these crimes. The Payment… Read More

January 4, 2024 @ 8:24 am By Omar Faridi  |  

AMLYZE, a RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, is excited to announce a strategic partnership with TransactionLink, the Berlin-based no-code platform, in a move that will aim to “transform the landscape of Anti-Money Laundering (AML) and Know Your Customer… Read More

January 3, 2024 @ 4:57 pm By Omar Faridi  |  

Credas Technologies, the identity verification checks provider, has announced the launch of its material information function, helping estate agents “to get ahead of the latest rule changes announced by Trading Standards at the end of last year.” The Parts B and C of The National… Read More

December 29, 2023 @ 4:33 pm By Omar Faridi  |  

Akash Sinha, CEO & Co-Founder, Cashfree Payments, has shared key insights with CI that are focused around UPI, digital payments and the overall Fintech space. Akash Sinha from Cashfree Payments notes that even with global economic uncertainty, the fintech sector in India has “continued to… Read More

December 26, 2023 @ 12:56 pm By Omar Faridi  |  

LexisNexis Legal & Professional, a global provider of information and analytics, announced it is expanding U.S. law school access to Lexis+ AI, a transformative legal generative AI solution that supports conversational search, intelligent legal drafting, insightful summarization, and document analysis. Earlier this fall, Lexis+ AI… Read More

December 26, 2023 @ 8:43 am By Omar Faridi  |  

Digital identity company Yoti has received £12.5 million debt funding from HSBC, and a further £7.5 million convertible debt funding from existing shareholders. The £20 million funding will “support the continued growth of the company through to achieving profitability and beyond.” This funding round follows… Read More

December 24, 2023 @ 7:58 pm By Omar Faridi  |  

TaxBit, the provider of compliance solutions for digital assets, announced the launch of its CESOP Compliance Platform, catering to crypto exchanges operating in the EU. This solution addresses the upcoming CESOP compliance requirements set “to commence in Q1 2024, underscoring TaxBit‘s dedication to upholding tax… Read More

December 24, 2023 @ 12:53 pm By Omar Faridi  |  

Socure, the provider of artificial intelligence for digital identity verification, sanction screening, and fraud prevention, announced that it has eliminated 204,536 synthetic identities from the U.S. economy in 2023 to date. The company’s Sigma Synthetic Fraud solution has reportedly “prevented more than $3 billion in… Read More

December 23, 2023 @ 11:14 am By Omar Faridi  |  

Effective January 1, 2024, virtually all new companies being incorporated in the United States will need to “comply with the Corporate Transparency Act (CTA),” the team at Carta noted. As explained in a blog post by Carta, this new law will “require them to submit… Read More

December 22, 2023 @ 9:21 am By Michael Wong  |  

LawFi, a mobile-first digital lending and payments platform for the legal profession, has announced raising $1.5 million in its pre-Seed funding round. The round, which will help finance the startup’s expansion, was backed by investment firm Capital Q Ventures and its fund CAPQ BDC. LawFi… Read More

December 20, 2023 @ 11:42 am By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, announced a “significant” increase in the adoption of its platform in the past year. The company, which opened a new international headquarters in Vancouver this year, also earned industry recognition “following the… Read More

December 20, 2023 @ 7:11 am By Omar Faridi  |  

SlowMist are pleased to announce a strategic partnership with zkMe, a “significant” advancement in their commitment to blockchain compliance and privacy. As a key entity in on-chain analytics, MistTrack’s role in “detecting and preventing cryptocurrency money laundering is vital.” Their platform offers comprehensive tools “including… Read More