Regtech & Legaltech

November 14, 2021 @ 9:37 pm By JD Alois  |  

The US Department of Treasury has announced it will work with Israel in a partnership to combat the threat of ransomware. The two countries also affirmed a commitment to encouraging “robust Fintech innovation,” while also reinforcing the necessity of working together to combat cyber threats…. Read More

November 13, 2021 @ 6:59 pm By Omar Faridi  |  

Featurespace, the provider of Enterprise Crime Prevention software, has reportedly appointed Todd Raque as its leading anti-money laundering (AML) and financial crimes expert for the Americas. As mentioned in the announcement, Raque brings almost 30 years of professional experience and extensive industry knowledge in financial… Read More

November 10, 2021 @ 9:43 pm By Tony Zerucha  |  

Global regtech company Clausematch this week launched a new document modification feature. The move was inspired by requests from the company’s core clients. The advanced functionality allows organizations to manage deviations to the original document and solve additional use cases while retaining governance and control… Read More

November 10, 2021 @ 7:46 am By Omar Faridi  |  

Socure, the provider of digital identity verification and fraud solutions, has confirmed its oversubscribed $450M round at a $4.5B valuation from various growth equity and public market investors. Socure achieved a $4.5B valuation only seven months after its $1.3B Series D investment round, on the… Read More

November 8, 2021 @ 9:17 pm By Omar Faridi  |  

Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority (HKMA), recently noted during opening remarks at the AML Regtech Lab (AMLab) that it’s a great pleasure to welcome people to the very first AML Regtech Lab, or AMLab, which the HKMA is hosting… Read More

November 2, 2021 @ 11:23 pm By Omar Faridi  |  

Singapore-headquartered payments platform FOMO Pay has entered into a partnership with Merkle Science, a predictive blockchain monitoring and investigative platform, in order to improve its compliance, risk management and threat detection processes. Last month, FOMO Pay had been issued the Digital Payment Token (DPT) Service… Read More

October 28, 2021 @ 3:16 pm By Omar Faridi  |  

REDi Enterprise Development Inc., a financial crimes management solutions provider, has formed a partnership with fraud detection software provider Advanced Fraud Solutions (AFS), in order to offer an integrated card fraud detection solution to banks and credit unions. As mentioned in a release, the partnership… Read More

October 26, 2021 @ 2:05 pm By Omar Faridi  |  

Anti-money laundering specialist SmartSearch is planning to hire 20 new staff members before the end of 2021. The Regtech firm says that it’s onboarding new talent so that they can support their business growth. There are many roles currently available. They range from graduate and… Read More

October 26, 2021 @ 8:38 am By Omar Faridi  |  

Jumio, the provider of AI-enhanced identity verification, eKYC, and AML solutions, announced the launch of a no-code orchestration layer for its KYX Platform that “unifies an entire set of risk and fraud detection capabilities to address identity proofing, compliance verifications, and AML use cases.” As… Read More

October 25, 2021 @ 10:50 pm By JD Alois  |  

Online pension provider PensionBee, has selected global Regtech Clausematch to manage its internal policies and controls, according to a release. PensionBee states that in preparation for its public listing on the London Stock Exchange, it first engaged Clausematch in 2020. PensionBee started by using the… Read More

October 25, 2021 @ 4:48 pm By Omar Faridi  |  

Sysnet Global Solutions, a provider of cybersecurity and compliance solutions, reveals that it has acquired SecureTrust, a division of Trustwave, in order to expand its cybersecurity solutions and accelerate its ongoing market expansion. SecureTrust, a provider of Payment Card Industry (PCI) compliance, aims to offer… Read More

October 22, 2021 @ 7:11 am By Omar Faridi  |  

Barclays has introduced automated policy management and compliance tech from Regtech firm Clausematch to 90,000 workers across the globe. We're excited to share that @Clausematch #PolicyPortal is now streamlining compliance for all @Barclays employees globally! The rollout of the Portal is the culmination of a… Read More

October 19, 2021 @ 10:09 pm By Omar Faridi  |  

Jumio, the provider of AI-enhanced end-to-end identity verification, eKYC and AML solutions, announced another solid quarter, with new business growing over 130% in Q3 2021 from Q3 2020. As mentioned in a release shared with CI, this growth coves the globe and several different industries,… Read More

October 18, 2021 @ 10:55 am By Omar Faridi  |  

BearingPoint Regtech is now doing business under the name Regnology. As noted in a release, the name stands for the firm’s Core business: Regulatory Technology. The change of name is “a logical step after BearingPoint Group sold the RegTech business to the private equity firm… Read More

October 18, 2021 @ 9:01 am By JD Alois  |  

Deel has just raised $425 million at a valuation of $5.5 billion, according to a note from the company. Deel claims the title as the “highest valued company in the global hiring, payments, and compliance space.” The Series D funding round was led by Coatue,… Read More

October 7, 2021 @ 9:47 am By Omar Faridi  |  

Veriff is focused on continuing its global expansion with a new Barcelona-based tech hub. The Veriff team writes in a blog post they’re coming to Barcelona and that their new hub will open soon, and they’re currently looking for talent in the Catalan city. As… Read More

October 5, 2021 @ 9:09 am By JD Alois  |  

Compliance and analytics firm SteelEye has appointed Brian Lynch as President of its new US operation as it seeks to expand services into North America. According to a note from the Regtech, Lynch will establish SteelEye’s U.S. footprint and lead the firm’s commercial expansion in… Read More

October 4, 2021 @ 5:07 pm By Omar Faridi  |  

Interac Corp., a payments network and digital ID provider, reveals that it has entered into a transaction to acquire the “exclusive” rights to SecureKey Technologies Inc. digital ID services for Canada. SecureKey is an established digital ID and authentication provider that works cooperatively with government… Read More

September 30, 2021 @ 7:27 pm By Tony Zerucha  |  

Dispute funder Validity Finance reports it has raised a new managed fund of $70 million in capital commitments to invest in litigation finance. To date, Validity’s third-party managed funds total nearly $150 million of assets under management, in addition to its permanent capital base. Validity’s… Read More

September 29, 2021 @ 10:59 pm By Omar Faridi  |  

Veriff, an international ID verification provider, is teaming up with SimpliFi, a Cards as a Service (CaaS) platform for the MENA region and Pakistan, in order to protect SimpliFi clients from identity fraud within their “instant” card issuance programs. Through their partnership, Veriff will be… Read More