Regtech & Legaltech

April 1, 2023 @ 2:07 pm By Omar Faridi  |  

Onfido, the global provider of automated digital identity verification, announced a partnership with The Co-operative Bank, the “original” ethical bank, “enabling a streamlined, secure digital identity verification for its new customers.” The partnership “enables customers to prove their identity online, meaning they can onboard quicker,… Read More

March 30, 2023 @ 9:51 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software platform, announced a partnership with Cable, an all-in-one financial crime compliance effectiveness testing platform, “to enhance compliance assurance and testing capabilities for Treasury Prime customers.” Through this partnership with Cable, companies and banks working with Treasury Prime “can access… Read More

March 29, 2023 @ 8:27 pm By Omar Faridi  |  

Salv, a Regtech company specialising in collaborative crime-fighting, has partnered with a global identity verification provider Veriff in order “to strengthen the fight against financial crime.” Having Salv‘s modular crime-fighting platform “available for Veriff’s customers gives them a comprehensive compliance toolset and access to the… Read More

March 28, 2023 @ 8:28 pm By Omar Faridi  |  

The Commonwealth Bank (CBA) and Telstra announced a new pilot to help protect their customers from phone scams. Scam Indicator, currently in proof-of-concept stage and to be piloted over the next few months, will help “protect joint CBA and Telstra customers from phone scams where… Read More

March 26, 2023 @ 1:39 pm By Omar Faridi  |  

Solidatus, a data management solution that empowers organizations to connect and visualize their data relationships, and Corlytics, a supplier of regulatory risk intelligence that combines innovative technology with deep legal and industry expertise, have announced a new partnership. That partnership will “empower users who are… Read More

March 26, 2023 @ 12:55 pm By Omar Faridi  |  

Brightflag, the AI-powered legal operations platform, announced the findings from their 2023 Legal Operations Compensation Survey. The annual survey captures data “to help legal operations professionals, General Counsel, and HR leaders to better understand fair market compensation and trends for the legal operations function.” The… Read More

March 23, 2023 @ 8:02 am By Omar Faridi  |  

ID Finance has announced a €30M investment “led by a leading UK-based asset manager, Kingsway Capital.” The transaction “has been officially endorsed by the Spanish Council of Ministers, after obtaining a favorable review from the External Investment Board, thus officially becoming the biggest investment inflow… Read More

March 22, 2023 @ 10:30 pm By Omar Faridi  |  

Alloy, the Identity Decisioning Platform for banks and fintech companies, today announced its partnership with Kyckr, a corporate KYC company providing businesses with real-time data on prospective and existing customers and suppliers. The partnership “gives Alloy’s 350+ clients — including Carta, Ramp, and Brex —… Read More

March 21, 2023 @ 9:13 pm By Omar Faridi  |  

There’s new regulation requiring individuals using digital payment apps to report their earnings – over $600 – directly to the IRS. This change significantly impacts business owners, side hustlers, and gig economy workers. These individuals must file Form 1099-K, creating an extra step during tax… Read More

March 21, 2023 @ 6:17 pm By Omar Faridi  |  

NatWest Group is making its new Customer Attribute Sharing service available to businesses as “an embedded digital ID solution after signing a deal with identity service provider OneID.” The bank is rolling out the service, “in collaboration with OneID, across a wide range of use… Read More

March 21, 2023 @ 2:18 pm By Omar Faridi  |  

Clausematch, a technology company developing solutions for regulatory compliance, is pleased to announce today it has gone live with LMG, Australasia’s “biggest” loan aggregator. Over the last 2-3 years, the industry “has experienced substantial regulatory change.” The complexity in “managing regulations, policies, controls and internal… Read More

March 19, 2023 @ 7:10 pm By Omar Faridi  |  

We recently caught up with Ofir Shabtai, CTO of Shield, an Israel-based Regtech firm. Banks are crawling toward hybrid cloud solutions. Given this key trend, Ofir Shabtai from Shield talked abut how to balance the modern need for the cloud with the security of on-premise… Read More

March 19, 2023 @ 5:43 pm By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions,  announced that Ayesha Prakash has joined as head of public sector partnerships. Prakash will “report to Matt Thompson, Socure’s general manager of public sector solutions.” As more government services move online, Socure’s digital identity experts… Read More

March 17, 2023 @ 2:17 pm By Omar Faridi  |  

Forter, the Trust Platform for digital commerce, announced its partnership with Wix.com Ltd. (Nasdaq: WIX), a global SaaS platform to create, manage, and grow an online presence. The partnership reportedly “delivers Forter’s accurate, real-time decisions to Wix merchants in certain countries — increasing their approval… Read More

March 17, 2023 @ 10:57 am By Omar Faridi  |  

Belgium’s Minister of Telecommunication and Minister of Justice signed the ministerial decree, allowing Telenet to use Onfido’s AI-powered technology to verify customer identity securely. Onfido, the global provider of automated digital identity verification, announced a partnership expansion with BASE, a telecommunication operator and a subsidiary… Read More

March 15, 2023 @ 11:17 pm By Omar Faridi  |  

Traditional payments monitoring systems often do not detect money mules’ movements as they secure illicit funds from financial institutions. To address this problem, NICE Actimize, a NICE business (Nasdaq: NICE), announced its cloud-first Money Mule Defense Solution designed “to detect, investigate and prevent mule account… Read More

March 14, 2023 @ 9:37 pm By Omar Faridi  |  

ComplyAdvantage, the fraud and financial crime detection firm, named Jim Anning as the company’s Chief Data Officer as part of its commitment to innovation in anti-money laundering / countering financial terrorism (AML/CFT) services. The newly created role on the Executive Leadership Team “reflects the centrality… Read More

March 14, 2023 @ 7:45 am By Omar Faridi  |  

London-founded fintech Detected has announced its expansion into the US market. The company, which provides a global end to end KYB platform, has “established a US entity to better serve its American clients.” Since inception in July 2020, Detected claims it “has seen huge growth… Read More

March 14, 2023 @ 7:41 am By Omar Faridi  |  

Irish identity verification solution ID-Pal announced its official launch into the US market to meet the demand for its platform across the United States. Championed by Enterprise Ireland, the US launch is “building on ID-Pal’s success in serving both SMEs and enterprises across over 30… Read More

March 12, 2023 @ 3:17 pm By Omar Faridi  |  

Prove Identity, Inc., which claims to be the leader in digital identity, announced a partnership with Bitstamp, the “longest-running” cryptocurrency exchange, to further strengthen its security and compliance controls while also expediting its user onboarding process. ‍Prove will enable Bitstamp US users “to streamline account… Read More