Regtech & Legaltech

October 28, 2025 @ 10:39 am By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, announced steady growth in U.S. Know Your Business (KYB) transaction volume with a considerable year-over-year increase. The KYB growth is said to have helped fuel an increase in U.S. verification volume across… Read More

October 23, 2025 @ 3:50 pm By Omar Faridi  |  

Jumio, the enabler of AI-enabled identity intelligence anchored in biometric authentication, automation and data-driven insights, announced it achieved ISO/IEC 30107-3 Level 2 compliance for its liveness detection tech. Jumio Liveness has been “independently tested” by the NIST/NVLAP-accredited iBeta lab and achieved “ISO/IEC 30107-3 Level 2… Read More

October 22, 2025 @ 12:14 pm By Omar Faridi  |  

Malicious attackers are said to be leveraging quantum computing and are reportedly a real threat to the concept of digital identity security. This, according to a report from Juniper Research which noted that estimates for how long it could take for quantum computing to develop… Read More

October 21, 2025 @ 9:25 am By Omar Faridi  |  

FutureBank, a banking and payments integration platform, announced an international partnership with Regtech company Sumsub, a global verification provider. The latest collaboration should help banking service providers with enhancing their digital transformation strategies and control all identity operations via a unified platform. The partnership brings… Read More

October 19, 2025 @ 10:14 pm By Tony Zerucha  |  

Flare, a provider of threat exposure management, has launched Identity Exposure Management (IEM), which is designed to prevent exposed identities from causing large-scale incidents. Every hour that exposed accounts go unaddressed intensifies the risk of a breach. Verizon’s DBIR 2025 report found that stolen credentials… Read More

October 18, 2025 @ 10:30 am By Omar Faridi  |  

Dublin based Regtech firm Fenergo, the provider of client lifecycle management (CLM), Know your Customer (KYC) and transaction monitoring (TM) solutions announces that Adepa, a provider of global asset servicing solutions, deployed its software to streamline investor onboarding and enhance compliance across Adepa’s operations, beginning… Read More

October 15, 2025 @ 2:20 pm By Omar Faridi  |  

Taxbit explains that it streamlines compliance by automating seller data collection, handling high volumes of transactions, and producing jurisdiction-specific reports in the correct formats. Taxbit notes that its platform continuously updates to reflect regulatory updates, assisting digital platforms with remaining compliant while focusing on core… Read More

October 15, 2025 @ 12:31 am By Omar Faridi  |  

Regtech firm Sumsub released the latest edition of its Global Fraud Index, developed in collaboration with Statista, CryptoUK, Digital Assets Association, Vixio Regulatory Intelligence and MENA Fintech Association. Timothy Owens, Tech and AI Industry Expert, and Senior Research Lead Technology and TeleCommunications at Statista shared… Read More

October 13, 2025 @ 6:22 pm By Omar Faridi  |  

Regtech firm ComplyAdvantage, the enabler of AI-driven financial crime compliance solutions, announced the launch of its hosting region in India, highlighting the regulatory technology company’s ongoing commitment to enabling financial services advancements while supporting customer expansion in one of the world’s fastest-growing economies. In fact,… Read More

October 9, 2025 @ 8:42 am By Omar Faridi  |  

The majority of FIs worldwide lost clients during the past year because of relatively slow onboarding, according to an update from Regtech Fenergo Notably, this is said to be highest rate recorded to date and appears to be a serious issue because UX and frictionless… Read More

October 6, 2025 @ 3:01 am By Omar Faridi  |  

Total spending on third-party AML systems is projected increase by significant 121% by 2030, according to an update from the team at Juniper Research. This latest estimated figure would be up considerably from $33.9 billion this year. As stated in the report, gaps in transaction… Read More

September 29, 2025 @ 8:49 am By Omar Faridi  |  

The Saudi Central Bank (SAMA) announced the approval of using the “Visitor ID” for opening bank accounts at banks in the Kingdom of Saudi Arabia, in “accordance with banks’ account opening rules.” The “Visitor ID,” issued by the Ministry of Interior, “serves as an official… Read More

September 27, 2025 @ 6:24 pm By Omar Faridi  |  

APAC firms are doubling down on compliance investments amid rising enforcement pressures. A new report from Regtech firm SteelEye underscores this trend, while ongoing debates around GDPR and MiFID II highlight the intricate balance between data retention and privacy. These developments seemingly signal a pivotal… Read More

September 25, 2025 @ 8:48 pm By Omar Faridi  |  

In an era where digital banking demands both lightning-fast experiences and ironclad protection, financial institutions face a persistent challenge: streamlining customer onboarding without inviting fraud. Backbase, a key player enabling AI-powered banking platforms, announced a partnership with Prove, an identity verification technology firm. This collaboration… Read More

September 19, 2025 @ 6:31 pm By Omar Faridi  |  

Entrust Corporation is solidifying its position as a key player in identity-centric security. A series of announcements from the company aim to strengthen systems against fraud and other forms of online threats. The Minneapolis-based cybersecurity firm has unveiled three groundbreaking announcements this week, each pushing… Read More

September 17, 2025 @ 11:54 pm By Omar Faridi  |  

As the digital economy surges, regulatory frameworks are evolving to ensure secure and seamless online interactions. The European Union’s eIDAS 2.0 regulation may be a pivotal step in this direction, and Jumio, a key player in AI-driven identity verification, has unveiled a solution to help… Read More

September 13, 2025 @ 9:11 am By Omar Faridi  |  

Regtech Sumsub has acknowledged the rise of deepfakes as well as AI being used in deceptive ways to target unsuspecting UK consumers. The firm noted in a blog post that after over a month from the Online Safety Act coming into force, websites hosting mature… Read More

September 11, 2025 @ 3:34 am By Omar Faridi  |  

As digital assets gain mainstream adoption, compliance with anti-money laundering (AML) and know-your-transaction (KYT) regulations has become critical for crypto businesses aiming to operate in a responsible and sustainable manner. RedotPay and YouHodler have separately entered partnerships with blockchain analytics firm Elliptic to strengthen their… Read More

September 11, 2025 @ 12:33 am By Omar Faridi  |  

The rise of stablecoins has transformed the financial landscape, offering faster, programmable payments while introducing complex regulatory and compliance challenges. As banks and financial institutions increasingly engage with stablecoin issuers, managing associated risks—regulatory, cybersecurity, operational, liquidity, and counterparty—has become paramount. Recent updates from the Wolfsberg… Read More

September 10, 2025 @ 9:33 pm By Omar Faridi  |  

Experian, a global firm focused on providing insightful data and technology, has introduced solutions aimed at addressing critical challenges in financial crime prevention and housing accessibility. These initiatives, announced recently, underscore Experian’s commitment to leveraging advanced technology and data analytics to support financial institutions and… Read More