Regtech & Legaltech

September 11, 2022 @ 6:07 pm By Omar Faridi  |  

authID [Nasdaq: AUID], a provider of secure, mobile, biometric authentication solutions, announced that Kompliant, a U.S.-based, AI-driven, business onboarding and risk-scoring company, will “integrate authID’s biometric authentication platform Verified™ to stop identity fraud and automate digital onboarding for its customers.” Kompliant works with payment processors… Read More

September 9, 2022 @ 10:13 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced a significant expansion of its OneSpan Cloud Authentication service with BankID. BankID first launched with OneSpan in September 2021 and has already “reached a multi-million user milestone that is expected to continue growing as BankID’s technology… Read More

September 8, 2022 @ 10:06 am By JD Alois  |  

Regtech SteelEye, a London-based firm, has raised a $21 million Series B round led by Ten Coves Capital, according to the firm. Other investors in the round include; Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and apparently “a large family office.” In total,… Read More

September 6, 2022 @ 8:22 am By Omar Faridi  |  

Ondato,​​ a KYC and AML firm that offers video-based ID verification systems to banking institutions as part of its techy, has introduced a virtual branch service that supports physical, digital and hybrid banking platforms with providing clients with virtual face-to-face appointments. The solution has the… Read More

August 30, 2022 @ 2:44 pm By Omar Faridi  |  

Digital identity is a constantly evolving concept and one that is “increasingly entwined with allied areas such as security, privacy, and management of identity-related data,” according to an update from Juniper Research. Usually issued and/or regulated by national identity schemes, a digital identity can “serve… Read More

August 29, 2022 @ 5:02 pm By JD Alois  |  

Earlier this month, FIS (NYSE:FIS) and the Venture Center in Little Rock, Arkansas, announced the ten new firms joining the 2022 FIS Fintech Accelerator class. The FIS Accelerator is described as a key aspect of FIS Impact Ventures – the VC arm of FIS. The… Read More

August 27, 2022 @ 3:24 pm By Omar Faridi  |  

Fenergo, which claims to be the leading provider of digital solutions for client lifecycle management (CLM), released its half year annual findings on global financial institution enforcement actions which “show the total value of penalties have fallen by a quarter (25%).” In the first half… Read More

August 27, 2022 @ 3:05 pm By Omar Faridi  |  

ViewTrade, the “force” that powers Fintech, has enhanced its customer onboarding service with three new modules designed “to help its clients onboard retail financial customers more efficiently and with greater security.” With the enhancements, clients can “activate any of the new modules and make them… Read More

August 25, 2022 @ 10:10 am By Omar Faridi  |  

Standard Chartered announced that it has invested funds in Hong Kong-based KYC, KYB and data management platform with the aim of “accelerating the company’s product development and boosting its sales organization – both to meet the increasing demand of the global identity verification market for… Read More

August 24, 2022 @ 2:49 pm By Omar Faridi  |  

Sumsub, a Regtech company that helps businesses stay compliant and fight digital fraud, “establishes its first US office in Miami, Florida, launching new services available for US customers.” Now local clients can “add Social Security Number (SSN) checks to verify users through Social Security records.”… Read More

August 23, 2022 @ 10:47 pm By Omar Faridi  |  

PassFort, A Moody’s Analytics Company that provides a SaaS Regtech platform that automates anti-financial crime and compliance processes, announced that OneBanx the shared banking innovator, “has chosen to use PassFort’s Know Your Business (KYB) workflow solution to create a seamless onboarding experience for business customers.”… Read More

August 23, 2022 @ 4:07 pm By Omar Faridi  |  

Computer Services, Inc. (CSI), a provider of end-to-end fintech and regtech solutions, announced it has entered into a definitive agreement to be acquired by Centerbridge Partners, L.P. (Centerbridge), a global, multi-strategy private investment firm “with deep experience investing in financial services and technology, and Bridgeport… Read More

August 21, 2022 @ 3:37 pm By Omar Faridi  |  

Checkout.com, the cloud-based payments service provider, announced updates to its Authentication product “to help merchants combat fraud and optimize their revenues, with an evolving toolkit of products and features to help merchants navigate the rapidly evolving landscape.” Checkout.com’s enhancements to its Authentication solution “comes at… Read More

August 17, 2022 @ 9:37 am By Omar Faridi  |  

Assetz Capital is pleased to enter a partnership with LexisNexis Risk Solutions in order to adopt the LexisNexis® RiskNarrativeTM platform across its business. The platform uses automation, AI and machine learning to offer an enhanced, configurable and accessible financial crime lifecycle management service. This should… Read More

August 13, 2022 @ 7:22 pm By Omar Faridi  |  

Southeast Asia-based Regtech company Tookitaki recently revealed that it has launch operations in the Philippines via a collaboration with payment gateway provider Paymongo. Tookitaki is based in Singapore and offers comprehensive financial crime solutions to major financial institutions. Ahead of its launch, Tookitaki had teamed… Read More

August 12, 2022 @ 10:19 am By Omar Faridi  |  

Fraugster, a payment intelligence company, has been selected by epay “to pilot AI payment fraud prevention services.” epay is “a full-service payment provider” and the digital payments processing business segment of the financial technology solutions and payments provider Euronet Worldwide, Inc. (NASDAQ: EEFT). epay’s worldwide… Read More

August 11, 2022 @ 8:52 am By Omar Faridi  |  

NPIF – Maven Equity Finance, managed by Maven Capital Partners and part of the Northern Powerhouse Investment Fund, has “invested £250,000 in RiskSmart.” RiskSmart is currently “developing an integrated risk management platform that will make risk management simpler for SMEs by utilizing Machine Learning (ML)… Read More

August 4, 2022 @ 11:49 pm By Omar Faridi  |  

Alloy, which claims to be the leading Identity Decisioning Platform for banks and fintech companies, announced its global expansion. Alloy’s platform for fraud and risk decisions is “available in 40 countries across North America, EMEA, LATAM, and APAC.” Alloy claims it already “has an established… Read More

August 4, 2022 @ 10:07 pm By Omar Faridi  |  

New announcements mark another benchmark underscoring Compliance.ai‘s leadership in providing RCM solutions “for the banking, financial services and insurance industries.” The company has “secured $6 million of funding with existing investor Cota Capital and new investment partner JAM FINTOP to support market growth.” John Philpott,… Read More

August 4, 2022 @ 3:36 pm By Omar Faridi  |  

Ping Identity (NYSE: PING), provider of the Intelligent Identity solution for the enterprise, today announced that it has “entered into a definitive agreement to be acquired by Thoma Bravo, a software investment firm, for $28.50 per share in an all-cash transaction valued at an Enterprise… Read More