Topic: RegTech

Volume Launches One-Click Verification for Merchants

Volume has unveiled a new innovation called One-Click Verification, aimed at revolutionising the merchant landscape. This solution echoes Volume's previous groundbreaking One-Click checkout feature...

AU10TIX Unveils Comprehensive Know Your Business Solution

Global technology leader in identity verification and management, AU10TIX, has launched a groundbreaking Know Your Business (KYB) solution. This new offering allows companies to accurately identify...

Grasshopper and Greenlite Join Forces to Enhance Risk Decisioning

The client-centric digital bank, Grasshopper, is set to boost its risk decisioning expertise for its small and medium-sized businesses (SMBs) and startups clients, thanks to a new partnership with ...

American Fraud Losses Surpass $10 Billion in 2023

Federal Trade Commission (FTC) data indicates that Americans lost more than $10 billion to fraud in 2023. This figure represents a 14% increase compared to the previous year.

Confide and ACi Partner for Enhanced Governance and Risk Solutions

Confide, the innovative governance, risk, and integrity platform founded by Wirecard whistleblower, Pav Gill, has announced a strategic collaboration with the Association of Corporate Investigators...

Napier Launches New Anti-Money Laundering Platform Services

London-based global financial crime compliance RegTech, Napier, has expanded its award-winning Anti Money Laundering (AML) platform, Napier Continuum, with two new service offerings: Napier Continu...

Salv Becomes First RegTech Firm in Europe to Secure 'Closed Service KYC Utility' Licence

European Regulatory Technology (RegTech) scale-up, Salv, has made history by becoming the first tech firm in Europe to win a regulator-awarded licence to operate as a 'Closed Service KYC Utility' s...

UK Tops List of Countries Most at Risk of Identity Theft

Adyen, a leading global fintech firm, recently released a survey revealing a global ranking of countries most susceptible to identity theft. The UK emerged at the top, with victims of identity thef...

The Future of Digital Identity: Europe's eIDAS 2.0

The internet was not configured with a human identification layer, leading to centralised models where consumers must onboard separately with each entity, resulting in countless accounts and passwo...

IDVerse Joins Mastercard Engage Partner Program

Digital ID verification company IDVerse has announced its partnership with Mastercard through the Engage partner program. The collaboration is set to provide Mastercard customers with a comprehensi...

FTC and Florida Settle with Chargebacks911 on Deceptive Tactics

The Federal Trade Commission (FTC) and the State of Florida have secured a settlement with Chargebacks911. The settlement bars the chargeback mitigation firm from servicing certain high-risk client...

Charlie Unveils FraudShield: A Revolutionary Fraud Protection Suite for Seniors

Today, Charlie, a pioneer in banking services specifically tailored for individuals aged 62 and older, launched FraudShield. This comprehensive suite of anti-fraud tools has been explicitly designe...

DataVisor to Enhance Nymbus' Fraud Management

AI-powered fraud and risk platform, DataVisor, has been selected by Nymbus®, a top provider of cloud-based financial technology solutions, to amplify fraud management across their suite of digital ...

authID and Bieases Team Up to Combat Identity Fraud

authID Inc., a prominent provider of secure identity verification and authentication solutions, is partnering with international fintech Bieases to launch a biometric authentication platform. The p...

Abrigo Partners with Prelim for Streamlined Digital Onboarding

In a bid to enhance the banking experience for financial institutions and their customers, Abrigo, a top-tier technology provider, has entered into a strategic partnership with Silicon Valley finte...

PXP Financial Partners with Foregenix for eCommerce Cyber Security

PXP Financial, a leader in global acquiring and payment services, has announced a new partnership with Foregenix, a global leader in payment cybersecurity, digital forensics, and PCI compliance.

Veriff Enhances its Fully Automated ID Verification Product

Global identity verification (IDV) provider, Veriff, has announced major updates to its fully automated IDV product. The solution, leveraging advanced machine learning, facilitates a 100% automated...

Smart-ID App Now Supports Apple Watch

The electronic identity solution, Smart-ID, is now available for use on Apple Watch. This new development, introduced by SK ID Solutions, allows users to sign and authenticate electronically direct...

BankProv Partners with Cable to Enhance Financial Crime Compliance

BankProv, a future-ready commercial bank known for offering technology-driven banking solutions, has teamed up with Cable, a leading financial crime effectiveness testing platform. This partnership...

Monzo and Starling Struggle with APP Fraud Reimbursements

The Payment Systems Regulator's 2022 data reveals that Monzo and Starling are among the lowest-ranking firms for reimbursing victims of authorised push payment (APP) fraud. This comes as a surprise...

Singaporean Authorities Propose Shared Responsibility Framework for Phishing Scams

Singapore's Monetary Authority (MAS) and Infocomm Media Development Authority (IMDA) have published a joint consultation paper, proposing a Shared Responsibility Framework (SRF) to address phishing...

Fidelity Bank Blocks Neobanks Amid Fraud Concerns

Nigeria's Fidelity Bank has imposed restrictions on consumer fund transfers to several neobanks including Moniepoint, Kuda, OPay, and PalmPay. The action follows concerns over lax Know Your Custome...

Veriff Introduces RiskScore for Better Fraud Detection

Veriff, a worldwide provider of identity verification (IDV), unveiled a novel feature named RiskScore at the Money 20/20 USA conference. The feature is designed to facilitate organizations in asses...

New Partnership Facilitates Real-Time Access to Company Registries for Hong Kong's Financial Institutions

Hong Kong-based RegTech provider, Know Your Customer, has partnered with Joint Electronic Teller Services Limited (JETCO) to enable real-time access to official company registries for financial ins...

UK Consumers Lose £580 Million to Scams in H1 2023

In the first half of 2023, UK consumers lost £580 million to unauthorised and authorised fraud, a decrease of 2% compared to the same period in 2022, according to data from UK Finance.

MOVii and Belvo Forge Strategic Alliance to Combat Online Payment Fraud in Colombia

MOVii, a leading platform for payments and financial services in Colombia, is proud to announce its strategic partnership with Belvo, the leading open finance platform in Latin America. The collabo...

Jumio Introduces Jumio 360° Fraud Analytics to Combat Fraudulent Activity

Leading identity verification provider, Jumio, has unveiled its advanced fraud prevention technology, Jumio 360° Fraud Analytics. Revealed at the Money20/20 USA event, the new technology leverages ...

Mastercard Launches 'First-Party Trust' Program to Tackle 'Friendly Fraud'

Mastercard has unveiled its First-Party Trust program, a new initiative aimed at curbing the escalating trend of first-party or 'friendly' fraud. This type of fraud occurs when legitimate transacti...

Singapore's Monetary Authority to Inspect Credit Suisse

Singapore's central bank, the Monetary Authority of Singapore (MAS), is preparing to conduct an on-site review of a local unit of Credit Suisse. The inspection aims to evaluate how the financial in...

J.P. Morgan Payments Partners with Trulioo for Global ID Verification

J.P. Morgan Payments has chosen Trulioo, a global leader in identity verification solutions, to provide ID verification for its clients in an effort to combat fraud and other financial crimes.

Nymcard Strengthens Fraud Protection with ACI Worldwide

Nymcard, a leading card issuer in the Middle East and Africa (MENA), has enhanced its fraud management platform. The company has integrated ACI Fraud Management, developed by global real-time payme...

Rabobank Enhances Fraud Prevention with SurePay's Fraud Risk Indicator

Rabobank has revealed a new phase in its partnership with SurePay, aimed at boosting fraud prevention. The collaboration's primary goals are to enhance data coverage for checking IBANs from more EU...

Thales Partners with Colombian Startup SoyYo for Passkey Tech Integration

Thales, a global tech provider, has teamed up with Colombian startup SoyYo to incorporate passkey technology into the digital identity services that the latter offers to the financial sector. SoyY...

North American Organized ID Fraud Surges by 44%

The AU10TIX Q2 2023 Global Identity Fraud Report has revealed a 44% surge in organized ID fraud in North America. The report, which analyzed millions of transactions across 249 countries, attribute...

Darwinium Secures $18 Million to Boost Global Adoption of its Digital Security Platform

Darwinium, a next-generation digital security firm, has raised $18 million in Series A funding. The round was led by U.S. Venture Partners (USVP), with participation from seed investors Blackbird, ...

European RegTech Fourthline Expands to France

Fourthline, a Netherlands-based regulatory technology (RegTech) firm, has expanded its operations to France. The company has developed a technology suite that allows financial service providers to ...

Sumsub and NayaOne Partner to Streamline Compliance for Financial Institutions

Global verification platform, Sumsub, is joining forces with synthetic data provider, NayaOne. The partnership aims to bolster compliance processes for financial institutions across Europe and the ...

AirPak Partners with ThetaRay to Enhance AML Compliance

AirPak, a leading remittance service provider in Central America, has joined forces with ThetaRay, an innovator in AI-based transaction monitoring solutions. The partnership aims to bolster AirPak'...

Jack Henry Introduces Financial Crimes Defender for Fraud Prevention

Jack Henry™ (Nasdaq: JKHY) is revolutionizing fraud prevention with the initial launch of Jack Henry Financial Crimes Defender. This innovative solution is a cloud-native fraud and anti-money laund...

Revolut Doubles Financial Crime Team Amid Rising Fraud

Global financial superapp, Revolut, has disclosed a significant expansion of its Financial Crime (FinCrime) team. The company has more than doubled its FinCrime headcount since 2021, reflecting its...

Commonwealth Bank Activates Digital Identity Service

The Commonwealth Bank of Australia (CBA) has launched its digital identity service, allowing customers to use digital identity credentials to verify their identities. The move comes ahead of propos...

Paytm Payments Bank Fined by RBI for KYC Failures

The Reserve Bank of India (RBI) has imposed a fine of approximately $650,000 on Paytm Payments Bank for shortcomings in its Know Your Customer (KYC) procedures.

FCA Levies £11m Fine on Equifax for Massive Consumer Data Breach

The Financial Conduct Authority (FCA) has imposed an over £11 million fine on Equifax for its failure to protect customer data during a major breach, which was outsourced to its US parent company. ...

Veriff Launches Fraud Protection Packages

Identity verification provider, Veriff, has introduced its new Fraud Protect & Fraud Intelligence packages. These packages offer organizations state-of-the-art tools and expertise to mitigate fraud...

UAE Payment Platform Pyypl Ltd Fined for Anti-Money Laundering Violations

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has imposed a fine of $486,000 (Dh1.784 million) on money service provider Pyypl Ltd (Pyypl). The penalty comes ...

Kazakhstan-Based Fintech Firm Under Investigation by US Authorities

Kazakhstan's Freedom Holding is currently under investigation by the U.S. Department of Justice and the Securities and Exchange Commission (SEC) for alleged compliance issues, insider stock movemen...

Regulatory Tech Triumphs at SIBOS 2023

The annual SIBOS conference, organized by SWIFT for the financial services industry, recently took place in Toronto. C-suite executives from major financial institutions and leading technology firm...

BHG Financial Collaborates with Cable for Automated Financial Crime Testing

BHG Financial, a leading company in unsecured business and personal loans, has partnered with Cable. The aim of this collaboration is to integrate Cable's financial crime effectiveness testing plat...

Gemba Finance Adopts ThetaRay's AI-Based Transaction Monitoring Solution, SONAR

In a move to fuel its growth and decrease regulatory exposure, UK-based fintech firm, Gemba Finance has announced the implementation of ThetaRay's AI-powered transaction monitoring technology, SONA...

Synectics Solutions Launches SynID for Improved Identity Verification

Synectics Solutions has introduced SynID, an identity verification tool designed to assist banks in approving more genuine customers quickly and confidently. The tool has already seen a number of m...

EY Repays £15M to Santander UK Over Fincrime Dispute

EY has returned £15M to Santander UK following a disagreement over the quality of work in their financial crime consultancy division. The dispute has resulted in the termination of EY's contract wi...