Onboarding Verification

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.

Know you customer company kompany has raised close to €6m almost a year to the day after its most recent round.

In the midst of the Covid-19 crisis, these 32 RegTech companies have successfully secured funding over the last month.

Biometric authentication company iProov has signed a partnership with Acuant, which will integrate iProov into its platform to provide robust online face authentication services.

Northern Ireland-based Liopa, which offers automated lip reading technology, has been awarded a £40m package from the UK government.

The RegTech sector has seen some massive investment rounds in the past few months despite the global pandemic.

Banking platform Curve has partnered with Onfido, the global identity verification and authentication company, to speed up its client onboarding compliance processes.

Polish universal bank Alior Bank is leveraging Onfido’s technology to streamline its digital identity verification, through a new deal.

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

RegTech company Trulioo has unveiled a new suite of facial recognition and document verification tools developed to enable small and medium-sized businesses to tap in to additional protection.