Regtech & Legaltech

December 17, 2023 @ 10:40 pm By Omar Faridi  |  

ION Analytics, a global provider of personalized predictive data and market intelligence to advisers, banks, investors, law firms, and corporate organizations, announces that St. James’s Place (SJP) has “selected ION-owned Backstop Solutions’ Research Management Software (RMS) to support its fund due diligence process.” Backstop Solutions’… Read More

December 17, 2023 @ 5:17 pm By Omar Faridi  |  

Sumsub has joined the Singapore FinTech Association (SFA). This collaboration signifies Sumsub’s dedication “to driving innovation, fostering key industry connections, and contributing to the vibrant FinTech landscape in Singapore, as well as the wider APAC market following the establishment of its regional headquarters in Singapore… Read More

December 15, 2023 @ 3:23 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management, announces that Netherlands-based commercial bank NIBC is deploying its software-as-a-solution (SaaS) technology to enhance KYC operations. NIBC – which serves clients internationally with a focus on Europe –… Read More

December 14, 2023 @ 9:27 pm By Omar Faridi  |  

UAE-based legaltech Clara announced its acquisition of BOTH Corporate Services Limited (BCS), a provider of corporate services in Abu Dhabi Global Market (ADGM). This deal is a key milestone for Clara as it initiates “an acquisition strategy to expand its customer base and extend its… Read More

December 14, 2023 @ 4:22 pm By Omar Faridi  |  

Cytora, the AI digital risk processing platform and Vespia, a provider of compliance data, is proud to announce Vespia’s AI powered risk analytics are now being used to enhance the underwriting process seamlessly within Cytora’s digital risk processing platform, “providing commercial insurance underwriters with deeper… Read More

December 14, 2023 @ 8:45 am By Omar Faridi  |  

Regtech Salv, with its suite of tools to help banks and service companies fight financial crime, has raised €3.9m in new funding, “bringing its capital raised this year to €7.9m and total funding to €12.1m.” The round includes investments “from new and existing investors and… Read More

December 13, 2023 @ 4:08 pm By JD Alois  |  

KingsCrowd, a data and analytics provider in the investment crowdfunding sector, has announced the acquisition of Lawcloud. Lawcloud has been a longtime entry in the Legaltech sector of crowdfunding by providing a partially automated service for issuers to file their required documents to the Securities… Read More

December 13, 2023 @ 9:23 am By Omar Faridi  |  

Elliptic, the global firm focused on crypto-asset risk management, announced a partnership with The Ascent Group, an independent global fund administrator. The Singaporean company will leverage Elliptic’s real-time wallet transaction screening capability, which is “supported by Elliptic’s cross-chain and cross-asset Holistic Screening technology.” This suite… Read More

December 13, 2023 @ 8:38 am By Omar Faridi  |  

Onfido’s technology automates identity verification, “reducing onboarding time from days to minutes.” Onfido, the global enabler of automated identity verification, announced a partnership with InbestMe, a digital investment platform offering personalised investment strategies, to automate their onboarding process. With Onfido’s AI technology, InbestMe can now… Read More

December 12, 2023 @ 11:33 pm By Omar Faridi  |  

The top-5 identity fraud types in 2023 are: AI-powered fraud, money muling networks, fake IDs, account takeovers and forced verification. This, according to an update from Sumsub. Sumsub recently released its third annual Identity Fraud Report of the year. The report provides a comprehensive analysis… Read More

December 11, 2023 @ 6:44 pm By Omar Faridi  |  

Experian announced NeuroID’s behavioral analytics is now available through Experian’s fraud prevention solutions, including CrossCore and Precise ID. NeuroID’s unique behavioral analytics solution “provides robust, frictionless fraud prevention capabilities that can effectively combat identity theft, deter fraud ring attacks and protect against AI-enabled bots while… Read More

December 8, 2023 @ 8:50 am By Omar Faridi  |  

Airwallex shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. The new tool reduces ‘false positives’ by 50 percent “on average, while boosting the number of customers that… Read More

December 5, 2023 @ 8:44 am By Omar Faridi  |  

The pan-European Fintech Fourthline selected as Qonto’s technology solution in the verification of customer compliance during onboarding (KYC) in France, Spain and Italy. Fourthline is a European fintech founded in 2017 that “has developed a technology suite enabling financial services providers to carry out KYC… Read More

December 1, 2023 @ 8:13 am By Omar Faridi  |  

Trulioo, a global identity verification platform, announced its partnership with Public, a U.S. investing platform for stocks, ETFs, crypto, Treasury bills and alternative assets that is allowing U.K. investors access to U.S. stocks. Public chose Trulioo Person Match identity verification “to achieve the highest onboarding… Read More

November 30, 2023 @ 11:17 am By JD Alois  |  

Valid8 Financial has revealed an $8.5 million Series A funding round led by Silverton Partners. Other investors include, Touchdown Ventures, First Trust, CPA.com and Capital Midwest Roger Chen, a partner with Silverton Partners, will join the board of Valid8. Valid8 claims to be the global… Read More

November 29, 2023 @ 9:44 am By Omar Faridi  |  

Sumsub announces the first integrated solution for user verification, anti-fraud and compliance in gaming enabling both platforms and operators to seamlessly cover the entire player lifecycle and maximize revenue while “staying compliant with all regulations and guidelines.” With this launch, Sumsub claims that is the… Read More

November 28, 2023 @ 3:58 am By Omar Faridi  |  

Sumsub announces the latest advancements to its Global Database Verification solution, designed for businesses seeking reliable, efficient, and cost-effective user verification. Global Database Verification caters “to a wide range of both regulated and non-regulated industries and businesses looking to ensure the legitimacy and accuracy of… Read More

November 27, 2023 @ 3:44 pm By Omar Faridi  |  

Socure, the provider of Artificial Intelligence for digital identity verification, sanction screening and fraud prevention, announced its Socure ID+ platform has achieved the “In Process” designation from the Federal Risk and Authorization Management Program (FedRAMP) and is now “listed on the FedRAMP Marketplace.” Socure’s ID+… Read More

November 26, 2023 @ 10:22 am By Omar Faridi  |  

AMLYZE, a RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, and Plumery, a digital banking solution provider, have joined forces in a partnership in order “to reshape the landscape of financial technology.” With a commitment to combating financial crime, AMLYZE offers… Read More

November 25, 2023 @ 12:39 am By Michael Wong  |  

RegTech startup Aptus.AI has announced raising €3 million ($3.3 million) in a pre-Series A funding round anchored by Programma 103 under VC P101 Sgr. The investment marks Programma 103’s first foray into the Regtech sector. The round was also backed by additional support from several… Read More