Tag: KYC

In a time where the number of people using online services is swelling like never before, the need for businesses to perform in-depth and detailed KYC checks has taken a key role.

After a strong 2021, many RegTech companies are looking ahead to the new year with optimism for another year of advancement and greater innovation. With the pandemic still raging on, 2022 could be another year for RegTech companies to further ingrain themselves into the system. What trends should the industry look out for this year?

Jumio, which develops AI-powered identity verification solutions, has completed the acquisition of data marketplace 4Stop.

RegTech firm PassFort and identity verification company Trulioo have partnered to offer regulated businesses a way to digitally transform their KYC and KYB processes.

Founded in 2015, Know Your Customer provides digital onboarding solutions to financial institutions and regulated organisations globally. The company builds its KYC platform as an interconnected set of web apps, APIs, databases and pre-trained machine learning models – and is helping to change the game in digital corporate onboarding.

Neofy, a digital financial cloud provider, will improve its KYC, AML and identity capabilities through a partnership with IDmission, a biometric security and authentication software solution.

Muinmos was founded back in 2012 after Remonda Kirketerp-Møllersaw a big gap in the market for making client onboarding simpler andmore efficient in financial services. With a rapidly growing global clientbase of banks, investment firms and asset managers, the company isemerging as a major player in key global markets

Identity verification and authentication platform Incode has earned its horn after a $220m funding round brings its valuation to $1.25bn.

Australian RegTech firm Arctic Intelligence has entered into strategic alliance with FrankieOne to strengthen financial crime synergies between the two.

A recent whitepaper by client data management firm iMeta has underlined three vital pillars of the customer experience journey in financial services.