Regtech & Legaltech

June 11, 2023 @ 6:40 pm By Omar Faridi  |  

Plaid is introducing an all-new identity verification experience that allows consumers to fast track verifications across Plaid-powered apps and services. Just as commerce providers have delivered on the promise of “one-click” checkout, Plaid claims it is “creating the standard for a ‘verify once, verify everywhere’… Read More

June 11, 2023 @ 7:07 am By Omar Faridi  |  

SmartMetric, Inc. reveals that it is getting ready to release its advanced fingerprint biometric activated credit card and that the company’s engineers are now working “on adding embedded AI into the card’s electronics.” Since SmartMetric designed its biometric credit card with a dual processor, it… Read More

June 10, 2023 @ 1:39 pm By Omar Faridi  |  

Veridas, a global provider of AI-driven identity verification solutions, is pleased to announce the expansion of its Age Verification product. Designed to help businesses meet stringent age verification regulations, this solution combines biometric verification and artificial intelligence “to deliver accurate and efficient age verification services.”… Read More

June 9, 2023 @ 2:17 pm By Omar Faridi  |  

Clausematch is pleased to announce it has signed an agreement with Compliance Consultant, experts in FCA compliance and authorisation. The partnership is “aimed at strengthening current compliance strategies and best practices with advanced policy management and compliance automation solutions.” Compliance Consultant “provides regulatory compliance guidance… Read More

June 8, 2023 @ 11:33 pm By Omar Faridi  |  

Veriff, a global identity verification provider, announced at Money 20/20 Europe its partnership with Inverid, the first Near Field Communication (NFC)-based mobile identity verification technology, in order “to bolster the company’s existing identity verification offerings.” Inverid’s ReadID’s identity verification solution “verifies identities through government-issued identity… Read More

June 8, 2023 @ 11:30 pm By Omar Faridi  |  

Sift, a firm focused on Digital Trust & Safety, announced a significant expansion of its worldwide partner program. The Sift Partner Program “extends Sift’s fraud prevention platform to a network of businesses worldwide, and across key industry verticals.” The expanded program “supports business models and… Read More

June 8, 2023 @ 10:16 am By Omar Faridi  |  

Lucinity, a “pioneering” AI SaaS company specializing in financial crime prevention, introduced Luci. This product is “a copilot powered by advanced generative AI, designed to significantly enhance the productivity of teams working to prevent financial crimes.” By rendering complex data into understandable insights in real-time,… Read More

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