Regtech & Legaltech

June 5, 2022 @ 4:54 pm By Omar Faridi  |  

The team at Alloy, which specializes in identity verification APIs that make KYC/AML “effective and simple,” has looked into how DeFi has evolved into a “major” sector of crypto without running KYC or AML checks on users. The Alloy team members have looked at “Permissioned… Read More

June 1, 2022 @ 11:06 pm By Omar Faridi  |  

Regtech firm Tintra PLC has revealed plans to acquire banking licenses across four continents, in order to enable it to operate to the “highest” regulatory standards as it aims to enhance the global financial market. Focused on building a socially and “fiscally inclusive” banking platform… Read More

May 29, 2022 @ 8:00 pm By JD Alois  |  

Latin America and the Caribbean has emerged as a red hot region for Fintech development. A portion of the world long dominated by incumbent banks and other established service providers, Fintech has emerged as a fast track path to provide traditional and highly sophisticated services… Read More

May 27, 2022 @ 8:40 am By Omar Faridi  |  

Elliptic, an international firm focused on crypto-asset risk management, has announced J.P. Morgan as an additional investor “as part of its recent $60 million Series C funding round led by Evolution Equity Partners and including SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo… Read More

May 25, 2022 @ 2:31 pm By Omar Faridi  |  

With cybercrime expected to cost $10.5 trillion annually by 2025, innovating cybersecurity remains critical across industries “facing rapid digitization.” Mastercard (NYSE: MA) has announced the launch of new attack simulation and assessment platform Cyber Front, “enabled by a strategic minority investment in Picus Security.” The… Read More

May 25, 2022 @ 10:26 am By Omar Faridi  |  

Onfido, the digital identity verification and authentication provider, has announced the expansion of its Real Identity Platform, “improving fraud accuracy by 54% and fully automated performance by 12x.” The platform “simplifies identity for everyone.” Now customers can “reduce the complexity of sourcing and managing multiple… Read More

May 24, 2022 @ 11:19 pm By Omar Faridi  |  

OneMarketData, LLC (OMD), a key player in tick data management and analytics, recently revealed that ECXX, an asset based digital securities exchange, has chosen OneTick Trade Surveillance. ECXX is a digital asset exchange platform developed for professional traders and accredited investors, enabling clients to purchase… Read More

May 22, 2022 @ 10:34 pm By Omar Faridi  |  

With a goal to build the infrastructure and deliver the tools that will power Web3, Ontology has been “focused on the Decentralized Identity (DID) field since day one. ONT ID is Ontology’s decentralized identity framework, designed to be both trustless and private, empowering users and… Read More

May 20, 2022 @ 5:46 pm By JD Alois  |  

TABS, a “diligence as a service” provider, is being acquired by PreIPO. The deal has priced the purchase at $20.8 million in both cash and stock. The founding team of TABS is expected to join PreIPO’s management team and board of directors. According to a… Read More

May 20, 2022 @ 12:41 am By Omar Faridi  |  

Napier, the provider of anti-financial crime compliance solutions, has announced the addition of two key hires to strengthen its North America team. Shana Leyva joins as Head of Marketing and Danielle Labarbera as Head of Sales. The new hires “represent Napier’s latest investment in the… Read More

May 19, 2022 @ 9:12 am By Omar Faridi  |  

Smarsh, the “industry leader” in enabling organizations to easily manage risk and uncover the value within their communications data, announced that they have entered into an agreement to acquire TeleMessage, a key player in mobile messaging and voice capture and archiving. Regulatory compliance for mobile… Read More

May 18, 2022 @ 7:48 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC) and client lifecycle management (CLM), recently announced the launch of FinCrime Risk. This application programming interface (API)-first software as a service (SaaS) solution will “allow financial institutions to centralize and automate risk assessment processes… Read More

May 16, 2022 @ 1:18 pm By Omar Faridi  |  

Legal technology firm LawAdvisor Ventures has announced that it secured $5 million of investment across its portfolio of ventures in a seed round “involving some of the legal industry’s most influential thinkers.” The capital injection reportedly “includes investment from Ralph Baxter (former Chairman and CEO… Read More

May 15, 2022 @ 3:45 am By Omar Faridi  |  

ID-Pal, the identity verification provider, recently revealed that it is entering the UK market after six years of steady growth across Ireland, the US and the European Union. This move has reportedly been planned due to increasing levels of identity fraud and the growing complexity… Read More

May 13, 2022 @ 6:10 pm By Omar Faridi  |  

TRM Labs, which claims to be the industry “leader” in crypto compliance and risk management solutions, announced its integration with Polygon, an Ethereum scaling platform “onboarding millions to Web3, to provide a full suite of anti-fraud and financial crime tools to members of the Polygon… Read More

May 12, 2022 @ 10:59 am By Omar Faridi  |  

The EY organization recently announced the production release of the third generation of EY Blockchain Analyzer: Reconciler. This updated version has been “migrated into blockchain.ey.com and is now available for the first time to EY non-audit clients and continues to support the EY Audit teams.”… Read More

May 12, 2022 @ 8:25 am By Omar Faridi  |  

Elucidate, a financial crime risk management platform, has reportedly acquired $8 million in capital via a funding round that was led by AV8 Ventures, along with contributions from  Elevator Ventures, the corporate VC entity of Raiffeisen Bank International (RBI) and Tommy Nicholas, Founder and CEO… Read More

May 10, 2022 @ 8:12 am By Omar Faridi  |  

Legaltech company PocketLaw recently confirmed that it has finalized a €10 million Series A round that was led by European venture capital firm, Atomico. Targeting legal services for small and medium-sized firms, PocketLaw’s (software-as-a-service) SaaS platform provides contract creation, legal discovery, execution, storage, and various… Read More

May 9, 2022 @ 6:39 pm By Omar Faridi  |  

Pindrop, an international “leader” in voice tech, has announced a partnership with Google Cloud that will enable it “to build and offer new authentication solutions to enhance call center experiences for customers on Google Cloud’s platform.” Pindrop will also make its suite of fraud detection… Read More

May 9, 2022 @ 8:07 am By Omar Faridi  |  

The Lithuania-headquartered remote ID verification and fraud prevention firm, iDenfy, teams up with Credex, the automated lending platform for point of sales financing. As noted in the update, iDenfy’s full-stack ID verification should enable a fast and secure lending experience for Credex’s clients. The COVID-19… Read More