Regtech & Legaltech

November 17, 2022 @ 8:46 am By Omar Faridi  |  

Veriff, a global identity verification provider, announced a partnership with global financial services software development company TrueNorth. This partnership will “provide TrueNorth’s clients with seamless access to Veriff’s growing suite of identity verification (IDV) solutions for safer and enhanced digital transformation initiatives.” TrueNorth reportedly “offers… Read More

November 17, 2022 @ 8:15 am By Omar Faridi  |  

Regnology, a software provider with a focus on regulatory reporting solutions, announces that it has acquired b.fine, a Belgian RegTech firm which “assists financial institutions on the enhancement of their reporting supply chain.” Founded in 2017 and headquartered in Belgium, b.fine has “grown to a… Read More

November 14, 2022 @ 11:25 pm By Omar Faridi  |  

ComplyAdvantage, a global data technology company transforming financial crime risk detection, announces a training program “designed to help compliance teams navigate potential threats when onboarding customers.” Financial institutions must legally “vet new clients for money laundering, terrorist financing, sanctions evasion, and corruption before providing access… Read More

November 10, 2022 @ 4:28 pm By JD Alois  |  

Securrency, a Fintech – Regtech in the digital asset sector, has partnered with Unqork, a “codeless as a service platform,” to offer a digital asset solution for private markets. According to a corporate statement, the goal is to provide financial institutions and others with everything… Read More

November 10, 2022 @ 7:45 am By Omar Faridi  |  

Research from Trulioo, a key player focused on global identity verification, shows consumers consider identity verification vital and “reassuring during onboarding and throughout their relationship with crypto exchanges.” The research, highlighted in the “Crypto customers call for reassurance in uncertain times” report, reveals that 70%… Read More

November 8, 2022 @ 11:40 am By Omar Faridi  |  

Since its inception, SEON has been making effective online fraud prevention more accessible for “all businesses operating online.” Now, the company has “taken the next step in that mission by announcing a ‘forever free’ version of its online fraud prevention platform.” The free plan will… Read More

October 31, 2022 @ 1:47 pm By Omar Faridi  |  

Jumio, the provider of end-to-end identity proofing, risk assessment and eKYC/AML compliance solutions, unveiled its extended Jumio KYX Platform, with “an integrated orchestration hub benefiting from the company’s acquisition of 4Stop.” The platform “streamlines fraud and eKYC/AML compliance management with the intuitive one-stop orchestration hub,… Read More

October 31, 2022 @ 8:13 am By JD Alois  |  

Financial Conduct Authority (FCA) CEO Nikhil Rathi delivered a speech last week that reflected upon the ever-changing regulatory environment. Rathi re-affirmed the FCA’s mission of fostering competition stating, “we will continue to embed competitiveness throughout our regulatory approach,” while noting this will not come to… Read More

October 29, 2022 @ 3:13 pm By Omar Faridi  |  

Sumsub, a global tech company providing customizable KYC, KYB, KYT, and AML solutions, announced the launch of Workflow Builder, a feature enabling businesses “to create user verification workflows tailored to specific triggers and risk scenarios.” This new offering will “allow companies to automate onboarding decision-making… Read More

October 26, 2022 @ 11:07 pm By Omar Faridi  |  

Refinitiv, an LSEG business, announced the launch of a secure, personalized, and seamless global digital onboarding solution to help firms enhance their approach to onboarding clients. The recent shift towards online commercial activity has led to an increase in digital and contactless payments, forcing companies… Read More

October 25, 2022 @ 10:07 pm By Omar Faridi  |  

An average person “has more than 100 passwords to manage, often making it difficult and frustrating to complete even the simplest online transactions.” Enter MiPass from Mitek (NASDAQ: MITK), a passwordless identity authentication solution that “allows a person to access digital accounts effortlessly and securely using… Read More

October 21, 2022 @ 8:24 am By Omar Faridi  |  

authID (Nasdaq: AUID), a provider of secure authentication solutions, announced the launch of Verified 3.0, its next-gen platform that “delivers Human Factor Authentication (HFA).” authID’s Verified platform binds strong, “unphishable”, passwordless authentication “with biometric identity, which offers our customers a streamlined path to zero trust… Read More

October 19, 2022 @ 5:04 pm By Omar Faridi  |  

Trulioo, a global identity verification company, has updated its coverage across Latin America, “expanding access to the Dominican Republic and Uruguay and significantly strengthening data sources in Colombia and Mexico.” Those additions “bolster the company’s ability to serve customers streamlining operations in Latin America or… Read More

October 17, 2022 @ 10:57 pm By Omar Faridi  |  

Financial institutions are spending millions of dollars every year inefficiently onboarding and maintaining clients, according to research from Fenergo, the provider of Know Your Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions. A global study of over 1,000 C-level executives across… Read More

October 14, 2022 @ 6:25 pm By Omar Faridi  |  

Forter, the Trust Platform for digital commerce, announced the launch of Smart Claims, a new product offering designed “to help businesses manage chargebacks more effectively.” By connecting order and claims data across different payment systems into a single, consolidated view, Smart Claims “enables merchants to… Read More

October 12, 2022 @ 9:01 pm By Omar Faridi  |  

Resistant AI, the AI and machine learning financial crime prevention specialists, and ComplyAdvantage, which claims to be one of the financial industry’s leading sources of AI-driven financial crime risk data and detection technology, announced “the general availability of their solution for fighting financial crime across… Read More

October 11, 2022 @ 9:25 pm By Omar Faridi  |  

The volume, velocity and complexity of today’s sanctions screening landscape require “extraordinary” vigilance, backed by analytics and data orchestration that “empower always-on monitoring and immediate action.” To meet these modern-day thresholds, Paris-based Orange Bank teamed with SAS and Neterium “to achieve real-time sanctions screening in… Read More

October 11, 2022 @ 12:17 am By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security recently announced that it has developed a new Crypto Threat Detection System (CTDS) that handles Suspicious Transaction Reporting (STR) and Counterfeit Currency Reporting… Read More

October 10, 2022 @ 4:03 pm By Omar Faridi  |  

Chainalysis, the blockchain data platform, announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on “identifying, validating, mitigating, and neutralizing cyber-crime threats.” Chainalysis’ data platform “equips the alliance with the same investigative tools that have been used to… Read More

October 9, 2022 @ 4:36 pm By Omar Faridi  |  

Sumsub, a global tech company providing anti-fraud and compliance solutions, announces the launch of “one click-KYC.” These services from Sumsub are available for users in India, Brazil, Nigeria and Indonesia. The new solution will “allow businesses to instantly onboard over 2 billion users without requesting… Read More