Regtech & Legaltech

March 20, 2022 @ 3:31 pm By Omar Faridi  |  

Regtech company Tintra PLC has confirmed the development of what is considered to be one of the first Web 3.0 banking platforms. The new Web 3.0-focused platform will aim to expand Tintra’s technological capabilities with the upcoming launch of a fully functional Metaverse bank. Although… Read More

March 16, 2022 @ 7:44 am By Omar Faridi  |  

Trulioo announced that it now provides coverage in Greece and Israel via Trulioo GlobalGateway, the global identity verification platform. With GlobalGateway, organizations operating in these two nations may now “perform identity checks on consumers that support regional Know Your Customer (KYC) and Anti-Money Laundering (AML)… Read More

March 15, 2022 @ 11:10 am By Omar Faridi  |  

Encompass Corporation, the provider of “intelligently” automated Know Your Customer (KYC) solutions, recently confirmed the completion of a £25 million raise. Perennial Partners, an Australian investment management firm, reportedly served as the lead investor, and was joined by financial services focused principal investing company, Serendipity… Read More

March 15, 2022 @ 5:00 am By JD Alois  |  

Bitstamp is reporting that it has implemented Notabene’s solution for regulatory compliance under FATF’s global Travel Rule regulations across the US, EU, and Singapore. Notabene is a Regtech Software-as-a-Service solution provider that is headquartered in New York with offices around the world. The Financial Action… Read More

March 12, 2022 @ 8:53 am By Omar Faridi  |  

Global identity verification firm, Trulioo, has introduced a set of resources in order to support modern security professionals as they “shape safety and security practices in the digital world.” Data found that compliance, risk and IT security professionals are “critical to supporting business growth.” These… Read More

March 11, 2022 @ 3:19 pm By Omar Faridi  |  

Computer Services, Inc., a provider of Fintech and Regtech solutions, announced that Oklahoma’s First National Bank & Trust Company of Okmulgee has selected its NuPoint core platform “to offer comprehensive solutions that enhance the banking experience for customers.” First National Bank & Trust, which has… Read More

March 10, 2022 @ 8:47 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), the international firm focused on “mission-critical,” real-time payments software, has announced the launch of Fraud Scoring Services—which is a fraud scoring platform offering next-gen machine learning capabilities for financial institutions of all sizes “to deliver real-time fraud detection and prevention.” Underpinned… Read More

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