How KYC requirements for banks are helping fight financial crime
The growing challenge of criminal money making its way into the banking system is a continuing problem for banks. However, a mixture of new compliance regulations for banks may be helping to turn the tide.
Trinsic lands $8.5m for decentralised identity
Trinsic, an infrastructure for building user-controlled identity products, has raised $8.5m in a seed round.
The round was led by Georgian with participation from Jon...
Why firms should be aware of crypto KYC
The early days of cryptocurrency were based around the idea of anonymity. However, to bring the asset type into the financial ecosystem, this has changed. Know your customer services aim to ensure cryptos cannot be used for illicit activity.
ComplyAdvantage launches ComplyTry to improve sanction and PEP screening
ComplyAdvantage has released ComplyTry, a new tool that lets anyone verify prospective customers by leveraging live sanctions, politically exposed people (PEPs) and adverse media data.
What is advanced electronic signatures and why firms should care
As companies move more operations online, the need for digital signatures will only increase. Many people have signed contracts or legal documents digitally. While they seem like simple tools, these solutions need to ensure the signatory is really who they claim to be.
Identity management platform ZITADEL collects $2.5m seed
Identity management platform ZITADEL has collected $2.5m in its seed funding round, which was led by Nexus Venture Partners.
Mobile identity verifier Incognia closes Series A
Mobile identity platform Incognia has scored $15.5m in its Series A funding round, which was led by Point72 Ventures.
Singaporean document manager Dedoco scores funding
Singaporean FinTech platform Dedoco has raised $3m in a funding round to support its global expansion efforts.
The investment was supplied by True Global Ventures...
ICO slaps Clearview AI with £7.5m fine
The Information Commissioner’s Office (ICO) has fined ClearView AI over £7.5m for using images of people collected from the web and social media to create a facial recognition database.
How can you prevent facial spoofing?
With more people than ever now using the internet, the threshold for identity fraud has increased dramatically.
