Why IDmission is betting on composable KYC
Founded in 2011, IDmission helps businesses verify customers’ identity remotely. The enterprise’s platform supports face scans, fingerprints, video conferences, iris scans, selfies, voice recognition and a number of other ways of using biometrics to verify customers’ identities.
US regulators slap National Bank of Pakistan with $55m fine
The National Bank of Pakistan has agreed to pay $55m in fines imposed on its New York branch by three US regulators.
RegTech unicorn Chainalysis to provide BNY Mellon with crypto compliance tools
Blockchain data platform Chainalysis will supply its compliance software to the Bank of New York Mellon to help with cryptocurrency regulatory processes.
BIS unveils green bond fund to finance sustainable projects in APAC
The Bank for International Settlements (BIS) has launched a green bond fund that is dedicated to aid the financing of green projects in Asia Pacific.
Web app security startup Feroot secures $11m seed
Website and web app protection firm Feroot Security has snared $11m in a seed financing round led by True Ventures.
Virgin Money registers under CRM for boosted anti-fraud efforts
UK bank Virgin Money has become fully registered to the Contingent Reimbursement Model Code (CRM Code), a voluntary standard aimed at anti-fraud.
IDEX Biometrics teams up with IDEMIA for Sweden’s first biometric card
IDEX Biometrics has teamed up with augmented identity developer IDEMIA to support the launch of Sweden’s first biometric card.
US and UK agencies warn of Iranian cyberattack risk
Government agencies in the US and the UK have warned of the growing risk of cyberattacks by an Iranian threat actor against public and private organisations.
China defers new AML rules amid pushback and privacy concerns
The People’s Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to ‘technical reasons’.
Cloud email security platform Red Sift bags $54m
Cloud email security and brand protection platform Red Sift has raised $54m in its Series B funding round, which was led by Highland Europe.