Regtech & Legaltech

March 9, 2022 @ 9:32 pm By Omar Faridi  |  

Tesco Bank is reportedly using biometric authentication tech from Onfido in order to accelerate onboarding for its Clubcard Pay+ account, through which clients may ring-fence their grocery spend from any existing bank account. Introduced in January 2022, Tesco Clubcard Pay+ allows members to make payments… Read More

March 8, 2022 @ 9:43 pm By Tony Zerucha  |  

ComplyAdvantage, a global data technology company providing financial crime detection through embedded risk intelligence, today announced that Fireblocks, a platform that empowers traditional institutions to enter the digital asset space, has partnered to provide anti-money laundering Customer Screening and Monitoring to its customers with the addition of Transaction Risk Management for… Read More

March 5, 2022 @ 5:35 pm 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 the integration of its RSS news feed with Crypto.com’s Uppsala Security Price Page. Via this integration, Crypto.com users may directly access… Read More

February 24, 2022 @ 3:00 pm By Omar Faridi  |  

SlowMist notes that not too long ago, they had released an update in regards to the Bitfinex incident. The report from SlowMist had covered how the stolen funds had allegedly been laundered using a technique known as “peel chain.” The company reveals that they received… Read More

February 23, 2022 @ 6:13 pm By Omar Faridi  |  

Within any commerce ecosystem — particularly in digital commerce — chargebacks appear to have become a way of everyday life, according to an update from Verifi. For merchants, chargebacks can be a drain on both time and financial resources. Improved communication between merchants and issuers… Read More

February 22, 2022 @ 6:20 pm By JD Alois  |  

Assurely, an Insurtech that is serving the securities crowdfunding sector, has announced a new partnership with Crowdcheck – a leading legal services firm that specializes in online capital formation. According to a statement from Assurely, the partnership encourages all stakeholders utilizing CrowdCheck’s services to obtain… Read More

February 22, 2022 @ 9:59 am By Omar Faridi  |  

Making digital cyberspace safer doesn’t have to be “left to the big cybersecurity corporations,” according to an update from Uppsala Security. Individuals and small businesses are able to play a key role in making the Internet and the Web 3.0 “a more secure place to… Read More

February 19, 2022 @ 9:46 am By Omar Faridi  |  

Trulioo, the international identity verification firm, recently announced four new banking clients: Bambu Systems, Guardian Gold, Nerve and Simba. With Trulioo GlobalGateway, one of the largest networks of identity data and services, financial institutions can “deploy identity checks that help them satisfy Know Your Customer… Read More

February 17, 2022 @ 2:32 am By Tony Zerucha  |  

Regulatory technology company Clausematch has released an e-book that details its top 10 compliance technology trends for 2022. They are briefly summarized here. 1. Expect more regulatory clarity on cryptocurrencies Given the increased use of cryptocurrencies in money laundering activity, regulators will continue their progress… Read More

February 16, 2022 @ 5:42 pm By JD Alois  |  

Announced today, the Travel Rule Universal Solution Technology (TRUST) is an industry-embraced solution to comply with the FATF Travel Rule that targeted VASPs (virtual asset service providers) globally. Announced by founding members who include most of the biggest names in crypto, the Trust platform is… Read More

February 14, 2022 @ 2:26 pm By Omar Faridi  |  

SteelEye, the compliance tech and data analytics firm, reinforced its commitment to ensuring institutional-grade data security by “achieving System and Organization Controls (SOC) 2 compliance.” The external accreditation confirms SteelEye’s ongoing commitment to data security – a move the Regtech firm thinks will solidify its… Read More

February 14, 2022 @ 11:07 am By JD Alois  |  

KARM Legal Consultant PVT Limited, a UAE legal consultancy firm specialized in blockchain, Fintech and Data Protection/Cyber laws, has announced a partnership with Switzerland-based ScaleCompliance GmbH to provide crypto compliance services. Kokila Alagh, founder and CEO KARM Legal, commented: “We believe in cultivating a divergent… Read More

February 2, 2022 @ 3:19 pm By Omar Faridi  |  

The team at ComplyAdvantage has released their new report, titled The State of Financial Crime 2022. ComplyAdvantage’s outlook for 2022: From supply chains in crisis to “high-wire” geopolitical standoffs and the implementation of updated regulatory frameworks, it’s going to be “a landmark year for compliance… Read More

February 1, 2022 @ 8:03 am By Omar Faridi  |  

The European Banking Authority (EBA) has introduced its central database for anti-money laundering and counter-terrorist financing (AML/CFT). This European reporting System for material CFT/AML weaknesses, EuReCA, will be key to coordinating ongoing efforts by relevant authorities and the EBA to prevent and combat money laundering… Read More

January 31, 2022 @ 11:36 pm By JD Alois  |  

Trust Stamp, a global provider of AI-powered identity services for use in banking finance, regulatory compliance, and more, has commenced trading on Nasdaq under the ticker symbol IDAI. This is an uplisting as Trust Stamp has been trading on OTC Markets. Gareth N. Genner, Trust… Read More

January 30, 2022 @ 9:40 pm By Omar Faridi  |  

ForgeRock (NYSE: FORG), an international digital identity provider, recently announced its continued expansion across Asia and has made ForgeRock Identity Cloud “available locally from two new data centers in Indonesia and Hong Kong.” As mentioned in the update, this move expands ForgeRock’s Identity Cloud into… Read More

January 25, 2022 @ 10:38 pm By Omar Faridi  |  

The team at HYPR reveals that they’re pleased to confirm that they’ve successfully completed SOC 2 Type 2 and ISO 27001 compliance and audit initiatives “along with obtaining ISO 27017 and ISO 27018 compliance certifications.” As noted by its management, HYPR allows customers to finally… Read More

January 23, 2022 @ 10:03 pm By Omar Faridi  |  

CIMB Philippines recently revealed that it has teamed up with Zoloz, an e-KYC tech provider, in order to enhance its virtual banking services. The banking institution will reportedly use Zoloz’s digital KYC solution for supporting secure and seamless customer onboarding as well as an improved… Read More

January 20, 2022 @ 3:16 pm By Omar Faridi  |  

Jumio, the provider of AI-enhanced end-to-end identity orchestration, eKYC and AML solutions, recently announced a record-breaking close to a solid 2021, with revenue growing by over 130% in Q4 2021 from Q4 2020. Other Q4 highlights for Jumio include 4Stop acquisition and introduction of no-code… Read More

January 19, 2022 @ 5:48 pm By Omar Faridi  |  

Brightflag, the AI-enhanced legal operations platform, recently announced the launch of its Legal Service Requests module. This latest innovation provides corporate legal departments “a powerful new way to centralize intake, triage requests, and understand demand for legal services across the business.” As mentioned in a… Read More