Regtech & Legaltech

March 1, 2023 @ 8:43 pm By Omar Faridi  |  

Dubai International Financial Centre (DIFC), the global financial centre in the MENA and South Asia region, has chosen anti-financial crime compliance specialist Napier in order to upgrade the screening services they employ with Napier Client Screening. With the next-generation solution, the DIFC Authority will “benefit… Read More

February 28, 2023 @ 8:21 pm By Omar Faridi  |  

Digital identity is not the easiest concept to define, according to an update from Juniper Research. It overlaps with other, similar, areas.  The crossover with areas “such as security, privacy and data management can be significant, and in some cases, they are indistinct.” As noted… Read More

February 28, 2023 @ 11:38 am By Omar Faridi  |  

The team at Robin Ai are pleased to announce that they have secured $10.5m in our Series A funding round. This capital from the investment round will be ‘used to accelerate and scale their mission to change the way the legal industry works by using… Read More

February 23, 2023 @ 1:18 am By Omar Faridi  |  

In the constantly evolving world of payment solutions, transaction volumes are “growing exponentially.” Scaling securely and compliantly is “key,” according to an update from Napier. Lyra Group, the €79 million turnover European and unified payment solutions provider processing over twenty billion transactions worldwide annually, has… Read More

February 22, 2023 @ 6:52 pm By Omar Faridi  |  

AML RightSource, the provider of Anti-Money Laundering (AML), Know Your Customer (KYC) and Bank Secrecy Act (BSA) compliance solutions, announced that Florida-based bank Banesco USA has “selected its Automated EDD (Enhanced Due Diligence) solution for efficient, compliant customer risk reviews with streamlined, AI processes that… Read More

February 22, 2023 @ 10:22 am By Omar Faridi  |  

The Crypto Incident Response Center (CIRC) of Uppsala Security, a South Korean blockchain virtual asset regulatory technology (RegTech) specialist, has recently released its 2022 CIRC Statistical Report. The report is “based on submissions received directly from victims of virtual asset crimes in South Korea, offering… Read More

February 22, 2023 @ 2:07 am By Omar Faridi  |  

indó, an Icelandic mobile first advanced neo-bank, has selected Lucinity as its AML compliance software, including its Transaction Monitoring and Case Manager solutions. Established in 2018, indó claims it is “the first neobank to operate in Iceland.” It was created “to restore faith in the… Read More

February 21, 2023 @ 11:43 am By JD Alois  |  

G2A.com has selected Ravelin to battle the fraudster and provide a more secure transactional environment. G2A is a marketplace for digital products that reports over 20 million purchasers. Ravelin is an anti-fraud platform that mitigates evolving fraud threats allowing payments to be accepted with confidence…. Read More

February 21, 2023 @ 6:49 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced the launch of OneSpan Notary, which is described as “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.” Unlike… Read More

February 19, 2023 @ 11:16 am By Omar Faridi  |  

In 2018, Plaid launched Plaid in Canada to enable account connectivity for thousands of fintechs and help increase financial access for millions of Canadians. Since then, they’ve worked with companies like Wealthsimple, Shopify, and Wave. But onboarding a new user is more than “just account… Read More

February 17, 2023 @ 10:27 am By Omar Faridi  |  

Fluid Finance, a Fintech company headquartered in Geneva, has partnered with Sumsub, a global all-in-one verification platform, “to enhance user onboarding and ensure bulletproof fraud protection.” Fluid’s aim is “to create a new financial model by combining traditional and digital finance.” Strict compliance, Know Your… Read More

February 16, 2023 @ 8:30 am By JD Alois  |  

Regtech Clausematch has established a new office in Lisbon, Portugal – its third location worldwide. The Portugal operation will be used for engineering and product development. CEO and founder Evgeny Likhoded said the expansion is part of his strategy to position Clausematch as the worlds… Read More

February 14, 2023 @ 9:27 pm By Omar Faridi  |  

In a “first” for biometric payments in the UAE, Network International, the enabler of digital commerce in the MENA region, and Carrefour, owned and operated by Majid Al Futtaim in the UAE, announced that they have “implemented the Face Pay face verification platform for payments… Read More

February 13, 2023 @ 2:12 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment, and eKYC solutions, has partnered with international gaming operator Sisal “to streamline KYC for its players online.” Based in Italy, Sisal currently “operates in Italy, Morocco, and Turkey, with a range of offerings that includes… Read More

February 12, 2023 @ 9:01 pm By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, and Transaction Tracking, announced that it has signed a Virtual Asset Customization (Consignment) contract with Korea Digital Asset (KODA). Through this contract, KODA’s virtual asset consignment system “will… Read More

February 9, 2023 @ 4:16 pm By Omar Faridi  |  

ThetaRay, a provider of AI-powered transaction monitoring technology, and Piie, Inc., an insurtech providing an intelligent payment engine, announced a collaboration in order “to implement an advanced AML solution for insurance claim payments.” Through the agreement, Piie (Payments Intelligent Integration Engine) will “integrate ThetaRay’s AI-driven… Read More

February 8, 2023 @ 8:54 pm By Omar Faridi  |  

Fenergo, the provider of digital solutions for client lifecycle management (CLM), released its annual findings on US-issued financial institution fines. The study, which analyzed year-over-year (YoY) penalties levied by US financial regulators, revealed “that the total value of penalties issued rose 151% YoY; that US… Read More

February 8, 2023 @ 1:17 am By Omar Faridi  |  

Wink, a Texas and California based, biometric identity and payments platform, is pleased to announce that it has received an additional $3M million of seed investment. This seed equity round “follows the $2.85 million previously raised in a pre-seed round in 2021-22.” The additional financing… Read More

February 7, 2023 @ 10:54 am By Omar Faridi  |  

Gate.io, which claims to be one of the world’s “leading” digital asset trading platforms, has chosen Coinfirm, a key player focused on analytics and anti-money laundering (AML) solutions for the blockchain industry, “as one of its key AML/CFT partners.” The partnership will “give Gate.io access… Read More

February 7, 2023 @ 10:40 am By Omar Faridi  |  

International fraud prevention company SEON has announced the acquisition of compliance and anti-money laundering (AML) specialist firm, Complytron. The acquisition instantly adds AML capabilities “to SEON’s fraud fighting toolkit and signals a new focus on holistic FinCrime prevention for the growing business.” As a result… Read More