Regtech & Legaltech

September 18, 2023 @ 8:32 am By Omar Faridi  |  

Justt, a firm focused on smart chargeback automation, announced it has joined Forter‘s Partner Program to help automate and streamline chargeback management at scale within a single platform. Chargebacks are a growing and costly challenge “for merchants with friendly fraud and service chargebacks increasing exponentially… Read More

September 17, 2023 @ 11:14 am By Omar Faridi  |  

State Bank of India (SBI), India’s largest bank, announced reduced customer verification time from 24 hours to just minutes in a partnership with Onfido, the global provider of automated identity verification and authentication solutions. SBI (UK) Ltd, the subsidiary of SBI in the UK, is… Read More

September 15, 2023 @ 6:18 pm By Omar Faridi  |  

CertifID, a wire fraud protection company, today announced $20M in new funding. CertifID’s Series B raise was led by Arthur Ventures, which also invested in CertifID’s $12.5M Series A in May 2022. CertifID’s Series B investment round comes on “the heels of strong adoption of… Read More

September 15, 2023 @ 4:30 pm By Omar Faridi  |  

A “top 60” law firm chooses Onfido to enable automated identity verification, reducing client verification time from days to minutes. Onfido, the global leader in automated identity verification, announced a partnership with Taylor Rose MW, a top 60 independent law firm, “to provide automated and… Read More

September 14, 2023 @ 8:02 am By Omar Faridi  |  

Deduce, which claims to be the “only” patented technology platform designed to prevent AI-generated identity fraud, announced $9M in funding led by Freestyle Capital, with additional investment by Foundry and True Ventures. The funding will launch Deduce’s GenAI Identity fraud solution “out of stealth and… Read More

September 10, 2023 @ 5:08 pm By Omar Faridi  |  

Research from digital identity security specialists, ID Crypt Global, reveals that the number of businesses operating in the UK’s digital identity theft protection market is “set to increase 5% despite market revenue still struggling to match pre-pandemic levels.” ID Crypt has measured the market size… Read More

September 8, 2023 @ 11:43 am By Omar Faridi  |  

Uppsala Security, which claims to be a pioneer in providing top-tier security tools and services for Crypto Anti-Money Laundering/Counter-Terrorist Financing (AML/CTF), Transaction Risk Management, Regulatory Compliance, and Transaction Tracking, is pleased to announce the signing of an industry-academia joint MOU with Hoseo University’s Department of… Read More

September 6, 2023 @ 10:39 am By JD Alois  |  

Anti-money laundering (AML) and KYC service provider Strise has raised $10.8 million in Series A funding. Atomico led the funding round, which included existing investors. A valuation of the company was not immediately available. Atomico Partner Don Hoang, a former senior executive at Uber and… Read More

September 6, 2023 @ 7:54 am By Omar Faridi  |  

Veridas, a Spanish technology company specializing in digital identity and biometrics,  announces its Voice Biometrics Solution is now “available on the Genesys AppFoundry, a marketplace of solutions offering a curated selection of applications and integrations that elevate customer and employee experiences.” With Veridas Voice Biometrics,… Read More

September 6, 2023 @ 7:34 am By Omar Faridi  |  

Arendt Services announces a partnership with Fenergo in order “to deliver its investment management clients a best-in-class, investor lifecycle experience.” Arendt Services will leverage Fenergo’s Software-as-a-Service (Saas) Client Lifecycle Management (CLM) solution “to meet investor expectations for a frictionless onboarding and maintenance experience.” Arendt Services… Read More

August 30, 2023 @ 2:22 pm By Omar Faridi  |  

Iris Powered by Generali, provider of a proprietary identity and cyber protection platform, announced the launch of a white-labeled version of ScamAssist available at Staples US retail stores. Beginning today, customers will be able “to purchase Iris’ recently launched ScamAssist portal at Staples Tech Services counters… Read More

August 29, 2023 @ 6:52 pm By Omar Faridi  |  

We recently caught up with Travis Schwab, Founder and CEO of Eventus – a global provider of multi-asset class trade surveillance, algo monitoring, and risk control solutions. According to the firm, Travis has a deep background in capital markets and over 25 years of experience… Read More

August 29, 2023 @ 3:56 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, announced new Workflow Studio capabilities to accelerate person matching worldwide. Trulioo provides an alternative “to the complex array of vendors that companies often depend on to ensure reliable person matching through personally identifiable information (PII) and identity documents.” The… Read More

August 29, 2023 @ 3:00 am By JD Alois  |  

Flashpoint has issued a statement on its exit from Regtech Clausematch that had grown to include 14 out of the top 50 global banks as customers. Flashpoint states that it participated in Clausematch’s 2022 USD $10.8 million funding round via its Venture Debt Fund I…. Read More

August 25, 2023 @ 10:18 pm By Omar Faridi  |  

Cypago announced the release of its Cyber GRC Automation (CGA) platform, enhancing the GRC space by bridging the gap between management, security, and operations teams. This announcement follows the company’s $13M in total funding “led by Entrée Capital, Axon Ventures, and Jump Capital, including prominent… Read More

August 25, 2023 @ 10:15 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), released its half-year annual findings on global financial institution enforcement actions, revealing a sharp 88% decline in monetary penalties collected in H1 2023 compared to H1 2022. U.S. financial institutions continued to lead in… Read More

August 24, 2023 @ 3:21 pm By Omar Faridi  |  

ComplyAdvantage, the financial crime intelligence company, has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS partners that provides software solutions that run on or integrate with AWS. The program helps AWS partners drive new business “by… Read More

August 23, 2023 @ 7:59 am By Omar Faridi  |  

Altum Group, a provider of fund, corporate, and family office solutions, is pleased to announce a strategic partnership with RiskScreen, which claims to be an industry leader in advanced compliance solutions. The partnership marks a pivotal moment in Altum’s journey towards “being a future-fit business,… Read More

August 22, 2023 @ 11:28 pm By Omar Faridi  |  

AI [artificial intelligence] is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals, research from Feedzai, a provider of financial crime and risk management solutions Feedzai’s The State of Global Anti Money Laundering Compliance Report 2023 surveyed compliance… Read More

August 20, 2023 @ 6:23 pm By Omar Faridi  |  

A “significant” advancement has been made in the decentralized finance (DeFi) sector as 0xKYC, a developer of pioneering permissionless identity solutions, joins forces with Hinkal Protocol, a privacy-focused DeFi platform. This partnership marks a thoughtful integration of compliance and privacy, creating an environment “where private… Read More