Regtech & Legaltech

July 10, 2023 @ 10:38 pm By Omar Faridi  |  

Global Screening Services (GSS), the RegTech innovator focused on financial transactions screening, has announced its partnership with software company Appian, in order “to integrate the company’s leading low-code development and AI-powered process automation tools into the GSS screening platform.” GSS has reportedly “leveraged Appian’s flexible,… Read More

July 9, 2023 @ 9:03 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated identity verification, announced the results of its four year partnership with Lemonway, a leading Pan-European payment institution. Since integrating Onfido’s AI-powered identity verification solutions, Lemonway has seen substantial ROI, “including a 2X increase in validated… Read More

July 7, 2023 @ 9:18 am By Omar Faridi  |  

FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps financially regulated businesses do better business, faster, and ComplyAdvantage, the firm focused on financial crime intelligence, announced a new partnership that will create a best-in-class onboarding and customer lifecycle management solution. When companies integrate with FullCircl… Read More

July 6, 2023 @ 10:15 am By Omar Faridi  |  

Veriff, a global identity verification provider, today announced a partnership with Taktikal, a leading e-signature software suite, to provide enhanced identity verification capabilities for their customers on a global scale. With this partnership, Veriff adds “an extra layer of safety and security to Taktikal’s automated… Read More

July 5, 2023 @ 10:09 pm By Omar Faridi  |  

Credit unions and community banks, facing a surge in sophisticated fraud along with the challenge of protecting their members’ personal information, are “taking proactive steps to combat this alarming trend.” As the financial industry grapples with increasing fraud threats, community financial institutions (CFIs) are “turning… Read More

July 5, 2023 @ 11:30 am By JD Alois  |  

Corlytics has acquired Clausematch thus combining two Regtech firms. The terms of the acquisition were not disclosed. Corlytics is plugged directly into multiple international regulators, serving 14 of the top 50 global banks, as well as insurers, payment providers and investment managers. Clausematch works with… Read More

July 5, 2023 @ 9:54 am By Omar Faridi  |  

Regtech is a rapidly evolving area of technology, especially in a world that has a constant increase in demand for regulatory compliance, according to an update from Juniper Research. Regtech offers solutions to businesses in response “to an increasingly digitalized world that boomed since the… Read More

July 3, 2023 @ 11:45 am By Omar Faridi  |  

Unit21, the risk and compliance infrastructure company, is pleased to share its $45 million Series C funding led by Tiger Global and South Park Commons in 2022. The funding has “supported the growth of the Fintech Fraud DAO consortium, which is experiencing a surge in… Read More

July 2, 2023 @ 2:45 pm By Omar Faridi  |  

Chris Ansara, CEO of UK-based Regtech startup docStribute and Chair, Phil Shelley, have shared their career insights on the necessity of digital transformation in order to meet FCA regulations as well as decarbonize global business. As many sectors struggle to meet regulatory demands, particularly financial… Read More

July 1, 2023 @ 6:06 pm By Omar Faridi  |  

Socure, the provider of digital identity verification solutions, has acquired Berbix, a San Francisco-based startup that developed a high-accuracy document verification solution with a patent-pending forensics engine “able to detect spoofed IDs – including AI-generated fakes – that are visually indistinguishable to the human eye.”… Read More

July 1, 2023 @ 4:32 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, announced it has experienced 586% growth adoption of its Know Your Business (KYB) verification services since 2020 in the United States. Financial services companies and ecommerce marketplaces “have driven the adoption increase as they adjust to new and evolving… Read More

June 30, 2023 @ 7:58 am By Omar Faridi  |  

Treasury Prime, an embedded banking software company, announced its strategic partnership with Sardine, an all-in-one fraud detection, compliance, and risk management platform. This collaboration will empower companies and financial institutions within Treasury Prime’s multi-bank network “to leverage Sardine’s Sponsor Bank Operating System, offering turnkey fraud… Read More

June 29, 2023 @ 2:51 pm By Omar Faridi  |  

Astrix Security, the enterprise’s trusted solution for securing non-human identities, has secured $25 million in Series A funding led by CRV with participation from existing investors Bessemer Venture Partners and F2 Venture Capital. This new investment brings Astrix’s total funding “to almost $40 million.” Fueled… Read More

June 29, 2023 @ 12:24 pm By Omar Faridi  |  

FiVerity, the provider of Anti-Fraud Collaboration solutions, today announced new platform features designed to help the financial industry fight back against fraud. FiVerity also announced it is “opening the network to an initial 200 small and medium-sized financial institutions, providing approved businesses with free access… Read More

June 28, 2023 @ 12:59 pm By JD Alois  |  

Deloitte Switzerland has partnered with Polimec to provide reusable KYC or know your customer. These credentials will be using Polkadot, and the “banking grade” KYC credentials will be issued by Deloitte. The company explains that this information will be utilized to empower the global fundraising… Read More

June 23, 2023 @ 8:34 am By Omar Faridi  |  

Uppsala Security, a global cybersecurity pioneer headquartered in Singapore, announced the relaunch of ChainKeeper, their security platform, which now includes a brand new SaaS model. With this update, the company further “cements its commitment to providing robust, comprehensive, and user-friendly cybersecurity tools for the ever-evolving… Read More

June 16, 2023 @ 5:11 pm By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, today announced expanded features for OneSpan Notary, a “next-generation,” all-in-one, cloud-connected solution that enables organizations to transform the way notaries and customers complete agreements and notarize documents in a secure and trusted environment. These new capabilities will… Read More

June 14, 2023 @ 10:17 pm By Omar Faridi  |  

Vouched, an AI-driven identity verification platform, announced it will provide identity verification services in support of the launch of FreedomID, a platform designed “to support refugees in their safe passage and settlement anywhere in the world, formed by UK tech company Zenoo.” Vouched expects to… Read More

June 12, 2023 @ 10:47 pm By Omar Faridi  |  

Onfido, the automated identity verification provider, announced it has achieved ETSI TS 119 461 certification, the latest European technical standards for identity proofing and trust services by the European Telecommunications Standards Institute (ETSI). This allows Onfido to “act as an Identity Proofing Service Provider (IPSP)… Read More

June 12, 2023 @ 8:44 am By Omar Faridi  |  

AMLYZE, a RegTech company specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, is pleased “to announce its strategic collaboration with Salt Edge, a leading open banking platform.” This commercial partnership “aims to enhance AMLYZE and Salt Edge’s client offering by leveraging both… Read More