Regtech & Legaltech

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

November 26, 2021 @ 5:07 pm By Omar Faridi  |  

Worldline (Euronext: WLN) is supporting PSA Payment Services Austria GmbH on its journey towards becoming a smart transaction provider beyond just payments. Via its products WL ID Center and WL Trusted Authentication as well as experience in various infrastructure initiatives, Worldline is offering the tech… Read More

November 26, 2021 @ 8:12 am By Omar Faridi  |  

Archax, which claims to be the only UK Financial Conduct Authority (FCA) regulated digital securities platform, broker and custodian, has chosen Scila Surveillance and Scila AML for the effective monitoring of its markets, offered by the Stockholm-headquartered independent surveillance, risk and anti-money laundering tech provider,… Read More

November 20, 2021 @ 2:33 pm By Omar Faridi  |  

GB Group plc (AIM:GBG), which claims to be an expert in digital location, identity and identity fraud software, has announced that it reached an agreement to acquire Acuant, an identity verification and KYC/AML compliance provider, for a cash-free, “debt-free” enterprise value of $736 million. The… Read More

November 19, 2021 @ 11:01 am By Omar Faridi  |  

Sift, the Digital Trust & Safety solution provider, has announced that it has acquired Keyless, a pioneer in passwordless and multi-factor authentication. Keyless’ zero-knowledge cryptography and privacy-preserving biometric authentication tech has been designed to eliminate account takeover (ATO) fraud because of “weak or stolen passwords,… Read More

November 18, 2021 @ 10:31 am By Omar Faridi  |  

Sedric, an AI-enhanced compliance platform for Fintech firms, announced that it has secured $3.5 million via a seed round in order to increase consumer protection and transform the Fintech compliance sector. Led by StageOne Ventures, Sedric will use the proceeds from the investment round to… Read More

November 16, 2021 @ 8:24 am By Omar Faridi  |  

Following a massive $394M Series D round earlier this year to establish the foundation for greater financial inclusion, international ID verification Fintech Trulioo is “strengthening pathways to create a more inclusive and trust-oriented digital economy,” according to an update shared with CI. With the ability… Read More

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