OTPless raises $3.5m to advance mobile authentication technology
OTPless, a mobile authentication startup, has secured $3.5m in its pre-series A funding round.
The round was led by SIDBI Venture and included investments from...
Signicat leads digital identity innovation with mojeID Poland integration
Signicat, a pioneering pan-European digital identity company, and mojeID Poland, an authentication service widely used in Poland, have formed a significant partnership.
Trulioo and Nium elevate UK payment experience with rapid compliance enhancements
Trulioo, an industry-leading identity platform known for its global coverage and comprehensive verification for individuals and businesses, has joined forces with Nium, a pioneer in real-time cross-border payment services.
Navigating the intricacies of PEP identification in FinTech compliance
Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering...
How AI transforms KYC into a continuous compliance powerhouse
In the dynamic landscape of anti-money laundering (AML) efforts, financial institutions are facing intensified scrutiny to stay a step ahead of increasingly sophisticated criminal tactics and rigorous regulatory demands.
Encompass Corporation welcomes Neil Acworth as new CISO
Encompass Corporation, a pioneering force in the creation of real-time digital Know Your Customer (KYC) profiles for global banks, has recently appointed Neil Acworth...
Signicat acquires SmartWorks to bolster digital identity solutions in Iceland
Signicat, renowned as Europe's top digital identity solutions provider, has officially announced its acquisition of SmartWorks, a leader in digital identity and fraud prevention services in Iceland.
Singapore’s latest CRS e-Tax guide update: What SGFIs need to know
The Inland Revenue Authority of Singapore (IRAS) has released the third edition of the Common Reporting Standard (CRS) e-Tax Guide on January 12, 2024. The guide is instrumental for Singaporean Financial Institutions (SGFIs), outlining the nation's adoption of CRS, and providing crucial guidance on compliance obligations under the CRS framework.
The impact of global events on FinTech compliance and risk management
In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities and individuals, underscores the necessity for FIs to adapt swiftly to remain compliant.
KONA I and IDEX Biometrics launch revolutionary biometric smart cards in Japan
KONA I, a leader in smart card and technology platforms, has teamed up with IDEX Biometrics to bring a biometric smart card to Japan.
The...
