Regtech & Legaltech

January 27, 2023 @ 2:47 pm By Omar Faridi  |  

Salv, the regtech startup founded by former Wise and Skype employees, closes a €4m seed round extension “led by ffVC, with German G+D Ventures and existing investors also participating.” The funds will allow Salv “to further develop its modular regtech technology and support geographical expansion… Read More

January 26, 2023 @ 9:26 pm By Omar Faridi  |  

Open Ecosystem RegTech provider, Konsentus, establishes its MENA regional base in the Kingdom of Saudi Arabia “to provide open data infrastructure and technology services to regulators and financial services providers in the Kingdom and surrounding territories.” The team is “led by Managing Director MENA, Konsentus,… Read More

January 26, 2023 @ 3:38 pm By Omar Faridi  |  

The Citco group of companies has moved to streamline the client onboarding and Know Your Customer (KYC) processes after agreeing to a deal with digital transformation business, Fenergo, “to integrate its client lifecycle management (CLM) platform across Citco.” Citco, which claims to be one of… Read More

January 25, 2023 @ 5:29 pm By Omar Faridi  |  

Sandbar, a provider of anti-money laundering, fraud, and counter-terrorism risk detection software, announced the availability of its product and a $4.8 million seed investment led by Lachy Groom and Abstract Ventures. Other participating investors “include BoxGroup, as well as more than 45 angel investors including… Read More

January 25, 2023 @ 3:00 pm By Omar Faridi  |  

Managing compliance risks can feel intimidating, “especially because identity crime and fraud attempts jumped by 36% in 2021 relative to 2020,” according to the Identity Theft Resource Center. As global regulations and accessibility increase, so do compliance risks. To ensure secure operations and offer a… Read More

January 22, 2023 @ 4:03 pm By Omar Faridi  |  

Onfido, the global automated identity verification provider, announced it has achieved certification for high confidence profile H1A under the UK Digital Identity and Attributes Trust Framework (the trust framework). The certification serves use cases “where a higher confidence level in digital identity verification is required.”… Read More

January 21, 2023 @ 5:51 pm By Omar Faridi  |  

Sentinels, a Fenergo company and Europe’s intelligent transaction monitoring and client risk management specialist, announces the launch of its new platform solution for transaction monitoring. The SaaS platform is designed “to help financial institutions detect and eliminate financial criminality with greater speed and accuracy than… Read More

January 21, 2023 @ 1:34 pm By Omar Faridi  |  

AU10TIX, which claims to be the global technology leader in identity verification and identity management automation, announced the appointment of Dan Yerushalmi as its new CEO. Yerushalmi’s record “with global technology enterprises and experience in the security, e-banking and telecommunications industries underlines AU10TIX’s intention to… Read More

January 20, 2023 @ 6:38 pm By Omar Faridi  |  

Doge Sound Club, which claims to be the first South Korean NFT project, and Uppsala Security, a company specializing in blockchain and virtual asset regulation technology (Reg-tech), announced the signing of a partnership on the 10th of January “with the goal of improving Web3 security.”… Read More

January 20, 2023 @ 7:05 am By Omar Faridi  |  

Allfunds (AMS:ALLFG), the B2B WealthTech platform for the funds industry, announces the appointment of Tom Wooders as UK Country Head. Tom will lead the UK business as it “continues to grow in size and prominence, as a key market in the European funds industry.” Tom… Read More

January 19, 2023 @ 7:12 pm By Omar Faridi  |  

Forter, the Trust Platform for digital commerce, announced the acquisition of Immue, a bot detection company based in Tel Aviv, Israel. Forter’s first acquisition will “not only strengthen the company’s existing fraud management capabilities but add Immue’s domain-specific bot expertise.” Bots are used “by the… Read More

January 16, 2023 @ 7:22 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF), Cambridge SupTech Lab, has published a report on the emerging arena of supervisory technology (Suptech) that aims to improve the regulation of financial services firms.  While some view Regtech and Suptech as two sides of the same coin,… Read More

January 15, 2023 @ 7:22 pm By Omar Faridi  |  

Jumio, the provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, announced its partnership with GetGo, which claims to be the largest car-sharing service in Singapore, “to create an ecosystem where mobility is shared and sustainable for all.” GetGo prides itself on an… Read More

January 15, 2023 @ 3:41 pm By Omar Faridi  |  

CUBE, which claims to be a global leader in Automated Regulatory Intelligence (ARI),  announced its acquisition of The Hub, a RegTech firm providing highly innovative artificial intelligence solutions for capturing and monitoring unstructured data across the regulatory internet. As global regulations continue to rapidly evolve,… Read More

January 13, 2023 @ 2:48 pm By Omar Faridi  |  

Kyckr, the corporate KYC company providing businesses with legally-authoritative real-time data on prospective and existing customers and suppliers, has been acquired by Australian tech-entrepreneur and WiseTech Global Limited founder Richard White “through his personal investment vehicle RealWise KYK AV Pty Ltd.” Kyckr provides companies “with… Read More

January 10, 2023 @ 11:57 pm By JD Alois  |  

Apperio, a provider of legal spend analytics and matter-tracking software, has raised $7 million in a funding round led by VC Molten Ventures. Total funding for Apperio now stands at $19.9 million. Other investors in the round include Notion Capital, IQ Capital, Nextlaw Ventures, Volution,… Read More

January 9, 2023 @ 8:41 am By JD Alois  |  

Matrixport has enlisted the assistance of Chainalysis to provide compliance, fraud monitoring, risk assessment, and more. Matrixport is a Singapore based digital asset platform that is a prime brokerage, spot trading, lending, asset management and more. Christopher Liu, Chief Compliance Officer at Matrixport, said that… Read More

January 5, 2023 @ 5:37 pm By Omar Faridi  |  

Fraud spikes during periods of uncertainty and instability, and “the COVID-19 pandemic was no exception to this,” according to an update from Onfido. Onfido noted that the years 2020 to 2021 “saw all-time highs in the number of fraudulent attempts.” However as the world has… Read More

January 5, 2023 @ 9:12 am By JD Alois  |  

Securrency, a Fintech/Regtech enabling the issuance of compliant digital assets, has selected a new Chief Executive Officer, according to a release. Nadine Chakar will assume the CEO role effective January 9th, 2023. Dan Doney, Securrency’s founder who has served as CEO since the company’s launch, will… Read More

January 5, 2023 @ 8:40 am By Omar Faridi  |  

ComplyAdvantage, which claims to be a global leader in AI-driven fraud and anti-money laundering (AML) risk detection, announced its inclusion in the Chartis RiskTech100. The RegTech saw “an increase in its overall score compared with 2022, driven by an almost 8 percentage point increase in… Read More