Regtech & Legaltech

September 23, 2022 @ 10:59 am By Omar Faridi  |  

Onfido, the global digital identity verification and authentication provider, unveiled Motion, a next generation biometric liveness solution “to enhance its Real Identity Platform, launched in May.” Motion aims to “deliver seamless, secure, and inclusive customer verification and is iBeta Level 2 certified.” With a simple… Read More

September 21, 2022 @ 8:27 am By Omar Faridi  |  

As a provider of fraud, compliance, and instant settlement solutions, Sardine announced a $51.5 million Series B funding round in order “to accelerate product development as well as marketing and sales across the globe.” Andreessen Horowitz’s Growth Fund led the investment round with participation from… Read More

September 20, 2022 @ 10:25 am By JD Alois  |  

Prime Trust, a longtime bulwark in the securities crowdfunding sector that has moved decisively into the digital asset industry, is exiting its Fund America business – an operation that started during the early days of crowdfunding in the US. The decision has been made due… Read More

September 20, 2022 @ 7:51 am By Omar Faridi  |  

OneSpan (NASDAQ: OSPN), the digital agreements security company, announced the general availability of its secure Virtual Room cloud service which “enables organizations to deliver live, high-touch assistance to their customers in a high-assurance virtual environment.” This next-generation customer engagement solution “gives organizations the ability to balance… Read More

September 19, 2022 @ 9:27 pm By Omar Faridi  |  

Jumio, the provider of orchestrated end-to-end identity proofing, eKYC and AML solutions, announced that it has successfully “achieved SOC2 Type 2 certification for its Jumio KYX platform, with zero exceptions listed in the examination conducted by Moss Adams.” SOC2 is “an American Institute of CPAs… Read More

September 18, 2022 @ 6:37 pm By Omar Faridi  |  

IDnow, a European identity proofing platform provider, is pleased to announce its participation in the International Air Transport Association’s (IATA) Accelerate@IATA 2022 accelerator program. IDnow is working with IATA and its members, “providing expertise and regulatory know-how in the field of identity proofing and digital… Read More

September 16, 2022 @ 7:33 am By Omar Faridi  |  

Berlin-headquartered compliance firm heyData announced the closing of a €3.3 million seed round. The investment round has been led by Ten VC along with contributions from existing investors Patrice Deckert, Stefan Tietze, and investors Martin Ostermayer and Dirk Freise and Picea Capital, among several others…. Read More

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