Identification/Background checks

Strider Technologies, a risk intelligence startup, has raised $45m in a Series B funding round led by Valor Equity Partners.

As more firms adopt digital operations, the need for seamless and secure onboarding tools will become critical. A new podcast explores the role identity proofing has within financial services.

Identity proofing and AI technology developer IDmission has teamed up with TendedBar, an automated bar.

Digital identity firm Signicat is acquiring all the shares of UK anti-fraud company Sphonic for an undisclosed fee.

Exchange network Bonifii and identity and customer authentication software Entersekt have teamed up to bring authentication technology to credit unions.

Arbor Steel, which claims to be the ultimate digital identity citadel, has raised £200,000 in pre-seed funding, following the launch of its platform to market.

With the widescale introduction of technology for the automatic verification of a person’s identity online, many countries are moving ahead in the race for the most efficient service.

In an age where it is easier than ever to secure access to people’s accounts – whether that is through a social media account or a mobile bank account – ensuring security has never been more important.

As the way we move and use money changes, fraud finds new ways to fester. With reports of fraud increasing year-on-year, is automated KYC enough in this long-standing fight?

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.