Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking the potential of blockchain platforms as the technology continues to mature and evolve how value moves across the globe. “Blockchain...
How well do you know the organizations your business transacts with? And how well do they know your business? As the digital transformation accelerates, and businesses are confronted with escalating cyber risks and vendor identity fraud, it’s a question worth asking. The modern business environment...
As the regulatory gaze sharpens on FinTechs, the companies themselves are mindful that they need new tools and a new approach to operations, in order to stay on the right side of the regulators. “The cost of fraud is high,” Ryan Dew, SVP, Product Solutions...
Axle Automation raised $2.5 million in a seed funding round to grow its artificial intelligence (AI)-powered anti-money laundering and know your customer (AML/KYC) solutions. The company will use the new funding to scale its team and deliver its solutions to more FinTechs, banks and other...
December 03, 2024
It’s almost 2025, but many businesses are still facing the same old anti-money laundering (AML) and know your customer (KYC) concerns, among other compliance requirements. With the news that Wise, the money transfer giant, has implemented a European regulator’s recommendations to bolster its AML programs, AML is emerging not merely as a regulatory obligation but […]
November 08, 2024
Until recently, blockchain’s potential impact within payments and commerce has been, well, somewhat blocked. But increasingly, financial service giants are turning their attention to unlocking the potential of blockchain platforms...
August 20, 2024
As the regulatory gaze sharpens on FinTechs, the companies themselves are mindful that they need new tools and a new approach to operations, in order to stay on the right...
June 07, 2024
It’s been a busy few weeks in the realm of identity verification. Fraudsters are wily, it’s true — leveraging technology, particularly AI, and stolen data, to construct new online personas....
August 05, 2024
Axle Automation raised $2.5 million in a seed funding round to grow its artificial intelligence (AI)-powered anti-money laundering and know your customer (AML/KYC) solutions. The company will use the new funding to scale its team and deliver its solutions to more FinTechs, banks and other financial institutions, according to a July 29 press release. “This […]
July 08, 2024
Business identity platform Niva has launched after raising $3.3 million for its verification solution, according to a Monday (July 8) news release. Verifying the identities of small and medium-sized businesses (SMBs) by screening...
June 25, 2024
Identity verification and fraud prevention firm FiVerity is launching its Identity Trust Management platform. The platform integrates features such as enhanced know your customer (KYC) measures, fraud investigation, continuous monitoring,...
May 28, 2024
Embedded banking software firm Treasury Prime has teamed with fraud, identity and security platform Footprint. The partnership, announced Tuesday (May 28), gives banks and their FinTech clients access to Footprint’s...
