Regtech & Legaltech

June 7, 2023 @ 7:43 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, today released new capabilities that cement its position as the premier source for automated business and person verification workflows. The latest update bolsters Trulioo global leadership by “expanding geographic coverage and localization for person verification and further automating business… Read More

June 7, 2023 @ 7:13 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, released the results of its latest market research survey, Compliance and Controls: The State of the Industry, in conjunction with the University of Georgia Consumer Analytics program. With only 26% of participants… Read More

June 5, 2023 @ 1:15 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment and compliance solutions, released the Jumio 2023 Online Identity Study, the second installment of its annual global consumer research, conducted by Censuswide. This year’s results highlight “an understanding among consumers around how generative AI and… Read More

June 3, 2023 @ 11:02 am By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announces today it expects to sign a definitive agreement to acquire Invoke, a French-based provider of financial, regulatory, and tax reporting solutions for supervisory authorities, and reporting entities. On completion of the agreement, the… Read More

June 3, 2023 @ 9:49 am By Omar Faridi  |  

Red Flag Alert are the UK’s provider of business data intelligence and analytics to predict growth, global compliance risk and insolvency, based in Manchester. The company have “announced £ 4.5 million in funding from Foresight and Uncapped.” The company, based in Manchester, where it “employs… Read More

June 1, 2023 @ 8:52 am By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, announced today that its Socure ID+ platform has been added to the State Risk and Authorization Management Program’s (StateRAMP) Progressing Product List after illustrating the core regulatory and industry-defined requirements for StateRAMP compliance. Socure is… Read More

May 29, 2023 @ 11:07 am By JD Alois  |  

Following an initial €2.5 million from the Bulgarian Development Bank’s (BDB) Capital Investment Fund in February, Evrotrust eID is now part of the national eID program in Bulgaria. Bulgarian individuals and businesses will be able to access EU public services digitally from their mobile phones…. Read More

May 29, 2023 @ 10:43 am By Omar Faridi  |  

Veriff, a global identity verification provider, today announced its new Age Estimation solution, built to further streamline the age verification process for customers. Veriff Age Estimation “uses facial biometrics to enable users to easily estimate their age with a selfie, rather than having to provide… Read More

May 27, 2023 @ 5:27 am By Omar Faridi  |  

FloQast, a provider of accounting workflow automation software created by accountants for accountants, announced the launch of FloQast Compliance Management, an advanced workflow solution that “helps finance, accounting, and internal audit teams centrally manage and integrate compliance into business processes for continuous audit readiness and… Read More

May 25, 2023 @ 3:32 pm By Omar Faridi  |  

Vespia, an AI-powered Business Verification Service for verifying and onboarding business customers that helps minimize the risk of fraud, has highlighted the significance of business verification for non-AML obligated firms, like supply chain, digital commerce, as well as the sharing economy. Vespia explains that by… Read More

May 24, 2023 @ 7:47 am By Omar Faridi  |  

IDEX Biometrics expands its presence in Asia by partnering with DoelPay, an innovative payments solution provider, to tap into the burgeoning market for biometric cards in Bangladesh. Working closely with three of the largest banks in Bangladesh, Doelpay expects these banks “to offer biometric payment… Read More

May 23, 2023 @ 11:07 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated identity verification, today announced it has acquired Airside Mobile, Inc., a key player focused on private, digital identity sharing technology. The World Economic Forum Technology Pioneer is “the first company to bring user-controlled digital identity… Read More

May 23, 2023 @ 6:37 pm By Omar Faridi  |  

In today’s digital age, financial institutions are increasingly “moving their services online,” according to an update from Jumio. However, with this “comes the risk of fraud and identity theft, which can have severe consequences for both the financial institution and the consumer.” This is “where… Read More

May 22, 2023 @ 11:16 pm By Omar Faridi  |  

Trulioo, a global identity verification platform, announced the appointment of Erika Rottenberg to its board of directors. Rottenberg reportedly “brings extensive technology and business expertise to the Trulioo board and reinforces the company’s position as the platform global businesses turn to for growth, innovation and… Read More

May 18, 2023 @ 5:21 pm By Omar Faridi  |  

Veriff, a global identity verification provider, today announced that it has partnered with MassPay, a global payout technology company, to provide enhanced identity verification (IDV) services and know your customer (KYC) offerings through its Global Payment Orchestration Platform. With this partnership, Veriff expedites the IDV… Read More

May 18, 2023 @ 6:46 am By Omar Faridi  |  

IDEX Biometrics is expanding biometric payment card programs in Turkey with a fourth issuer. This fast growing bank challenger “represents a customer portfolio of more than 10 million customers.” The biometric payment cards from this issuer are “expected to be in consumers’ hands by the… Read More

May 17, 2023 @ 10:45 pm By Omar Faridi  |  

Criminals have never had more avenues through which to defraud people, according to an update from ComplyAdvantage. This has been “fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments.” That’s why ComplyAdvantage, a key… Read More

May 17, 2023 @ 4:45 pm By Omar Faridi  |  

corfinancial, a provider of specialist software and services to the financial services sector, announces the implementation of its Central Securities Depositories Regulation (CSDR) software, SureVu, at Man Group, a global active investment management firm with $144.7 billion of AUM (as of 31st March 2023). SureVu… Read More

May 15, 2023 @ 10:01 pm By Omar Faridi  |  

Kasada, provider of the most effective and easiest way to defend against advanced bot attacks, announced a strategic partnership with Signifyd, a specialist in eCommerce fraud and consumer abuse protection. As noted in the update: “As fraud rings continue to innovate, Signifyd and Kasada together… Read More

May 14, 2023 @ 11:44 am By Omar Faridi  |  

ThreatFabric, a provider of fraud detection solutions & intelligence for the financial services sector, has raised €11.5 million in a seed round “to expand its technical capabilities and support the company’s growth.” Specifically, the funds were secured “to increase ThreatFabric’s international expansion and extend its… Read More