Tag: KYC

Secure onboarding has grown in importance ever since the 2008 financial meltdown and it seems as if the identity verification market is growing in response to the rising demand.

RegTech Electronic IDentification has proposed a solution that would use biometrics to help people set up bank accounts at ATMs.

Even though the coronavirus pandemic has made digital banking a must-have for banks, many of these financial institutions risk losing customers because of their clunky onboarding practices, according to a new FICO survey.

Kharon, a research and data analytics platform focused on global security threats, has received an undisclosed strategic investment from Barclays.

Brazil-based digital identity business Acesso Digital has closed a $108m investment, which is one of the largest of its type in the region.

Banking as a service platform Treezor has inked a partnership with RegTech ubble, which will see the French FinTech offer a real-time video enabled KYC solution to its customers.

Digital KYC solution IDfy has reportedly raised around $2.1m in funding to support its growth and expansion plans.

Automated lip-reading technology Liopa, which closed a £40m investment earlier in the month, has secured more funding.

The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.

Austrian RegTech platform SignD Identity has closed a €1m investment which will help it to bolster its international sales and marketing efforts.