Identity platform Axuall collects $3m in seed funding
Axuall, a digital network for verifying identity, credentials, and authenticity in real-time, has collected $3m in seed funding.
Dutch bank ABN Amro investigated for alleged money laundering
Having anti-money laundering procedures in place have become increasingly important over the past few years. However, it seems ABN Amro may have failed in this regard.
Equitivo teams with Brismo to give investors accurate due diligence
FinTech consultancy Equitivo is partnering with Brismo to provide institutional investors with accurate due diligence into loan investment opportunities.
Background checking scaleup Checkr lands $2.2bn valuation following $160m funding round
Checkr, the company conducting background checks on gig economy workers, has just announced the closure of a $160m equity funding round.
FacePhi nets €4m in funding from Nice&Green to support Asian expansion
FacePhi, a facial recognition and mobile biometrics company, has netted €3.5m in equity funding and €500,000 in a capitalized loan from Nice&Green.
Identification platform Alloy collects $12m in its Series A
Alloy, an identity verification service for financial services, has bagged $12m in its Series A round.
FICO and Arachnys partner to boost businesses’ KYC efforts
Financial crime compliance solutions provider FICO has entered into a partnership with Arachnys, the client onboarding risk management RegTech firm.
Swedbank gives prosecutor permission to question the bank’s lawyer over money laundering scandal
Swedish bank Swedbank has allowed authorities investigating a potential money laundering scandal to interview the lawyer who conducted the internal probe into the allegations.
Digital identity company Trulioo raises $52.8m in Series C funding
Trulioo, a Canada-based global identity verification platform, has raised CAD $70m ($52.8m) in its Series C funding round.
Wealth management firms haemorrhage clients because they struggle to comply with new KYC and...
New regulations to prevent money laundering are part of the reason why wealth management firms are struggling to onboard their clients fast enough and risk losing them.
