Regtech & Legaltech

August 7, 2023 @ 5:41 pm By JD Alois  |  

Singapore is one of the most forward-thinking Fintech hubs in the world. Today, its top financial regulatory, the Monetary Authority of Singapore (MAS), has reaffirmed its support of Fintech and announced it will provide S$150 million to innovative firms over the next three years.  The… Read More

August 6, 2023 @ 10:37 pm By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announced today that its client Clearstream Banking AG, central securities depository and provider of global post-trade services, has signed on to use its Rcloud technology (powered by Google Cloud Platform (GCP)). While the migration… Read More

August 4, 2023 @ 5:14 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated digital identity verification, today announced that they have partnered with 0xKYC, an innovative startup bringing zero-knowledge proof identity solutions to Decentralized Autonomous Organizations (DAOs). 0xKYC, which is currently in its seed round of investment, is… Read More

August 3, 2023 @ 9:45 am By Omar Faridi  |  

We recently connected with Peter Barcak, Founder & CEO of credolab, which claims to be today’s largest developer of bank-grade digital scorecards and data enrichment solutions based on behavioral metadata. The company leverages privacy-consented and anonymous smartphone and online metadata to provide lenders, risk officers,… Read More

August 1, 2023 @ 10:58 pm By Omar Faridi  |  

Uppsala Security, which claims to be a pioneering digital asset cybersecurity and regulation technology (Regtech) project, recently announced a significant milestone in its mission to protect virtual asset investors. The company signed a momentous “MOU” with Bitcmon, a virtual asset exchange, to enhance response capabilities… Read More

August 1, 2023 @ 10:48 pm By Tony Zerucha  |  

Employee social media communications leave financial institutions at risk, even as U.S. regulators threaten fines, results of a study from compliance services provider Shield and business communications firm LeapXpert show. Only 51% of institutions monitor employee communications over WhatsApp. Even fewer watch SMS, iMessage, LINE,… Read More

July 30, 2023 @ 9:13 pm By Omar Faridi  |  

With a step toward creating another milestone, Astra is pleased to announce its selection into the Reef Labs’ $10M Accelerator Program. Standing out among a pool of 350+ innovative projects, Astra’s decentralized KYC solution demonstrated the transformative potential it holds “for the Web3 ecosystem.” Reef… Read More

July 30, 2023 @ 11:25 am By Omar Faridi  |  

HYPR, the Passwordless Company, announces HYPR Adapt, which is the latest product in its expanding modern authentication security portfolio. HYPR Adapt reportedly “provides risk-based, adaptive authentication so organizations can effectively manage identity-related risks and reduce user friction, even in rapidly changing security environments.” Its powerful… Read More

July 29, 2023 @ 3:39 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) this week adopted rules requiring registrants to disclose material cybersecurity incidents they experience and, on an annual basis, material information regarding their cybersecurity risk management, strategy, and governance. The SEC also adopted rules requiring foreign private issuers to make… Read More

July 29, 2023 @ 10:07 am By Omar Faridi  |  

As a follow-up to the recent webinar Envestnet hosted with open banking experts around the world, we caught up with Lisa Novier, Head of Governance, Risk & Compliance at Envestnet Data and Analytics. Envestnet claims it has been at the forefront of open banking adoption… Read More

July 27, 2023 @ 10:42 am By JD Alois  |  

Crowdcube has revealed a partnership with Legaltech firm SeedLegals. The goal is to speed up the fundraising process the utilizing technology. Crowdcube is expected to integrate the SeedLegals services directly into its platform in the coming months. This will also include applying for EIS/SEIS qualification,… Read More

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

Onfido, which claims to be the global leader in automated identity verification, today announced a partnership with Magic, an innovative Know Your Customer (KYC) marketplace company, to provide document and biometric verification to streamline KYC processes and help mitigate fraud. Magic is building “Sign-up with… Read More

July 25, 2023 @ 8:45 am By Omar Faridi  |  

Cross-border advisory firm Quantuma is delighted to announce its role in delivering the sale of Clausematch, a RegTech company, to Ireland-based Corlytics. The transaction was successfully “delivered by Quantuma’s Adrian Howells, Managing Director and George Fawcett, Assistant Manager, along with David Schreiter and Stephan Werner… Read More

July 25, 2023 @ 8:00 am By Omar Faridi  |  

One of the biggest challenges faced by regulated and non-regulated companies is assessing whether or not another business is “safe to work with,” according to an update from ComplyAdvantage. Existing approaches rely “on manual research across multiple siloed sources.” This is time-consuming and “fails to… Read More

July 23, 2023 @ 4:41 pm By Omar Faridi  |  

VikingCloud, a global provider of cybersecurity and compliance solutions has announced a new client partnership for its Web Risk Monitoring solution with PAYSTRAX, a European payment processor and principal member of Visa and Mastercard. Global merchant fraud is “estimated to drive losses of $41 billion… Read More

July 20, 2023 @ 11:07 pm By Omar Faridi  |  

Feedzai, a provider of financial crime and risk management solutions, is introducing Railgun, its next-generation AI engine designed to target and intercept financial fraud before it can occur. In order to scale, today’s risk engines force financial institutions to limit the data they use to… Read More

July 15, 2023 @ 10:33 am By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, launched “The Socure Identity Challenge” to advance accurate and equitable digital identity verification in government. Federal, state and local government agencies are invited “to take the challenge and learn how new approaches to digital identity… Read More

July 12, 2023 @ 12:10 pm By Omar Faridi  |  

Checkout.com, the global payments solution provider, launches Identity Verification, its first product focused on improving the customer onboarding and identity verification process and expanding Checkout.com’s impact on customers’ digital experience. Identity Verification “utilizes proprietary artificial intelligence and is trained on billions of identity and facial… Read More

July 12, 2023 @ 10:54 am By JD Alois  |  

PrivacyHawk has raised $2.7 million in funding in a round led by ff Venture Capital (ffVC). Other investors include Nufund, Alumni Ventures, AngelList, Gaingels, Duro Ventures, Sandhill Angels and Seraphim Ventures. Previous investors include ffVC, Tech Coast Angels, Duro Ventures and Gaingels. PrivacyHawk is a… Read More

July 12, 2023 @ 7:29 am By Omar Faridi  |  

Veriff, a global identity verification provider, today announced it has achieved certification against the UK government’s Digital Identity and Attributes Trust Framework (UKDIATF), a government initiative aimed at “establishing a secure and trustworthy digital identity ecosystem in the region as a part of its digital… Read More