Regtech & Legaltech

January 18, 2022 @ 12:01 pm By Omar Faridi  |  

Legal Utopia, a powerful AI-enhanced app with the aim of “connecting legal consumers with a vast network of legal services,” has acquired 77% (£154,906) of its £200,000 target from 50 investors (at the time of writing) through a crowdfunding campaign carried out via Seedrs. With… Read More

January 18, 2022 @ 10:37 am By JD Alois  |  

SteelEye, a Regtech firm that aims to simplify compliance for global financial institutions, is reporting that revenues increased by 88% year-on-year in 2021. SteelEye adds that the company now has over 120 institutional clients worldwide, including new clients Oppenheimer Europe Ltd and JonesTrading. Headquartered in… Read More

January 12, 2022 @ 3:40 am By Omar Faridi  |  

The team at ComplyAdvantage, an AI-enhanced financial crime detection firm, notes that from regime change in Myanmar and Afghanistan to a “spotlight on environmental crime at COP26 and the explosive Pandora Papers leak, 2021 has been another landmark year for compliance professionals.” ComplyAdvantage writes in… Read More

January 11, 2022 @ 10:47 pm By Omar Faridi  |  

Trulioo, the international identity verification firm, notes that ID verification has three primary use cases: “achieving compliance requirements, reducing fraud and building trust and safety.” Trulioo explains in a blog post that depending on your business and where you operate, you might “prioritize a particular… Read More

January 11, 2022 @ 2:41 pm By Omar Faridi  |  

Uppsala Security has announced the launch of TOMS 2.0, which is an updated version of the already deployed Threat Reputation Database On-premise Management System (introduced at the end of March 2021). As mentioned in a release, the product was initially created to “address an increased… Read More

January 4, 2022 @ 10:38 pm By Omar Faridi  |  

Salesforce is reportedly requiring clients to implement multi-factor authentication or MFA by February 2022. Salesforce, the world’s largest customer relationship management (CRM) software provider, assists organizations with increasing their revenue and enhance their customer experience. But the vast quantity of high-quality data (like personal and… Read More

January 2, 2022 @ 10:16 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 announced the expansion of their business in the NFT Custody area, a service that was “not available until now in South Korea.” As… Read More

December 31, 2021 @ 8:54 am By Omar Faridi  |  

The Financial Action Task Force (FATF) has reported that there are just 58 out of 128 reporting jurisdictions advising that they have implemented any of the updated FATF standards, including the “travel rule.” This reportedly aligns with what CipherTrace has found through their extensive work… Read More

December 21, 2021 @ 4:29 pm By Omar Faridi  |  

We recently connected with Hubert Rachwalski, CEO at Nethone, a company focused on a “Know Your Users” strategy to resolve fraud, so clients are able to gain more loyal customers while rejecting only fraudsters. Hubert talked about how cybercriminals are attempting to exploit online platforms… Read More

December 15, 2021 @ 7:41 am By Omar Faridi  |  

Trulioo, the global identity verification service provider, has announced six new customers in the crypto industry: Centbee, GMO Trust, Omni Matrix, Skilling, Strike Protocols and Vintech Capital. GlobalGateway is one of the largest marketplaces for digital identity data and services, enabling organizations to “deploy identity… Read More

December 14, 2021 @ 9:48 pm By Omar Faridi  |  

Artesian : DueDil is pleased to confirm that it has teamed up with TechLabs London, a Microsoft Tier 1 Direct Cloud Solutions Provider. As mentioned in the announcement, this partnership will aim to provide seamless integrations between Artesian: DueDil and Microsoft Dynamics 365, enabling banking… Read More

December 11, 2021 @ 1:07 pm By Omar Faridi  |  

Trulioo, the international identity verification firm, recently announced the addition of U.S. Student Records to the Trulioo Global Gateway marketplace of identity services “supporting compliance, know your customer (KYC), and anti-money laundering (AML) solutions.” With the addition of this service, Trulioo clients may now “verify… Read More

December 11, 2021 @ 11:39 am By Omar Faridi  |  

Jumio, the provider of AI-enhanced end-to-end identity orchestration, eKYC and AML solutions, recently announced that the firm is acquiring strategic partner 4Stop, the data marketplace and orchestration hub for KYB, KYC, compliance and fraud prevention. The addition of 4Stop’s data sources to the Jumio KYX… Read More

December 9, 2021 @ 11:44 am By Omar Faridi  |  

Avast (LSE:AVST), an international provider of digital security and privacy, has announced the acquisition of Evernym. The US firm was “instrumental to the invention of self-sovereign identity, with leading contributions from their Chief Trust Officer, Drummond Reed, and others in the company working within the… Read More

December 7, 2021 @ 5:08 pm By Tony Zerucha  |  

Hummingbird Regtech, a provider of risk and compliance technology, this week announced the company has raised $30 million in Series B funding. The raise brings the total venture backed funding total to $41.8 million, and follows Hummingbird’s $8.2 million Series A in 2020. This new… Read More

December 6, 2021 @ 10:31 am By Omar Faridi  |  

iProov, a provider of biometric face authentication tech, and Eurostar, the high-speed passenger rail service linking the United Kingdom with mainland Europe, have announced that their trial of a contactless fast-track service, SmartCheck, is currently live. SmartCheck enables passengers to “complete secure ticket verification and… Read More

December 4, 2021 @ 2:59 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, has announced a new joint cooperation with Matrix USA, a US based firm that focuses on “building and strengthening business relationships in the… Read More

December 3, 2021 @ 11:00 am By JD Alois  |  

Moody’s, the global research and securities rating firm, has acquired or agreed to acquire two separate Regtechs. According to Moody’s it has acquired PassFort Limited and entered into an agreement to acquire 360kompany AG (kompany). These two firms are both European providers of KYC, AML,… Read More

December 2, 2021 @ 9:30 am By JD Alois  |  

Deel has announced the launch of “Deel Premium” a new service that facilitates remote hiring and compliance, worldwide. Deel has partnered with Insurtech Tint, a startup that provides an insurance-as-a-service platform. Tint’s best-in-class API allowed Deel to design, launch, and scale this new service. Deel… Read More

December 1, 2021 @ 11:47 pm By Omar Faridi  |  

The Republic of North Macedonia has introduced its National Digital Identity Service – with assistance from Mastercard (NYSE: MA) – in order to support the nation’s fast-evolving digital economy. The partnership between Mastercard and the Macedonian Ministry of Information Society and Administration (MISA) – first… Read More