Identification/Background checks

OFX has partnered with Know Your Customer Limited to strengthen its business verification processes and enhance security across its global payments platform.

Sumsub has strengthened its fraud prevention platform by integrating advanced device intelligence from Fingerprint, aiming to stop identity fraud before it begins.

Persona, a verified identity platform based in San Francisco, has raised $200m in Series D funding, pushing its valuation to $2bn.

Vouchsafe, a UK-based identity verification platform, has raised £1m in a pre-seed funding round to address global ID poverty and improve financial inclusion.

In 2025, Know Your Customer (KYC) solutions will become essential for financial institutions looking to enhance their anti-money laundering (AML) frameworks. With increasing regulatory scrutiny, sophisticated financial crimes, and growing customer expectations for seamless onboarding, the sector is witnessing a shift towards decentralised identity (DCI) and perpetual KYC (pKYC). T

ID.me, a digital identity wallet provider, has secured a $275m credit facility from Ares Management, a global alternative investment firm.

Lemonway, a prominent pan-European payment institution specialising in marketplace payment processing, has joined forces with Entrust, a global leader in identity verification solutions.

In today’s competitive business landscape, managing the client lifecycle efficiently is more important than ever. KYC Portal CLM offers a comprehensive solution that streamlines every stage of the client journey, from onboarding to ongoing monitoring and beyond. This powerful platform helps businesses ensure regulatory compliance, enhance client satisfaction, and improve operational efficiency.

ID.me has announced the successful closure of a $67m secondary tender investment, bolstered by new investor Ribbit Capital and existing stakeholders Viking Global Investors and CapitalG.

Hopae, a leading provider of advanced digital identity solutions, has announced securing $6.5m in funding to expand its operations and bring its proprietary Digital Credential eXpress (DCX) architecture to the U.S.