Digital ID verification start-up OCR Labs expands to North America with $30m funding
OCR Labs has raised $46 million through its combined Series A and B.
Compliance
Beyond Identity raises $100m to replace passwords with invisible, un-phishable MFA
Beyond Identity’s total funding to date reaches $205m and propels its valuation to $1.1bn.
Revolut names Ibrahim Dusi as chief risk officer for Americas
Dusi joins Revolut from US-based lender Happy Money, where he spent eight years.
Trulioo acquires HelloFlow to create “end-to-end identity platform”
HelloFlow is a no-code builder of client onboarding, monitoring, and digital workflow solutions.
Compliance tech provider Sardine raises $19.5m in Series A
New funding came from Andreessen Horowitz, NYCA and Experian Ventures.
White paper: Anti-money laundering regulations in 2022
A closer look at some of the changes in the AML regulatory landscape in seven countries around the globe.
Financial crime fighter ACAMS acquired by PE firm Wendel for $500m
ACAMS has a global membership base of 90,000+ members in 175 countries.
Open banking fintech Plaid acquires ID verification platform Cognito
The acquisition completes the customer onboarding experience, says Plaid CEO.
Regtech ComplyAdvantage reports record year, makes senior hires
Nabeel Vilcassim joins as chief financial officer (CFO) and Oliver Furniss as chief product officer (CPO).
Trulioo hires product veteran Michael Ramsbacker as its first chief product officer
Ramsbacker will be developing intelligent workflow systems designed to maximise verification rates.
Consolidation of the BNPL industry: what does it mean?
With regulation on the horizon, the BNPL sector is seeing a number of cross-industry consolidations and partnerships.
FinTech Futures Jobs: New year, new job? Here are three great opportunities to apply for this week
Exciting open vacancies at Monzo, Seedrs and Klarna. Apply today!
Video: fintech news pick of the week – Petal, Unibo, & iProov
Our top pick of news from the world of finance and tech in bitesize video format, every week.
The carrot and the stick: How regulators are driving a data quality revolution
Beyond the threat of fines, regulators can help financial firms by highlighting the benefits of high data quality.
What the FinTech? Podcast | Season Two’s Jailed Buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
What can hospitality firms do to mitigate the effects of PSD2?
The positive expectation around PSD2 has unfortunately, in certain quarters, led to some disappointment and confusion.
Unlocking the digital potential of financial services through predictive analytics
Integrating the best of human and machine intelligence allows organisations to be better prepared.
Regtechs PassFort and kompany acquired by Moody’s Corporation
Both companies will be integrated into Moody’s KYC business within Moody’s Analytics.
Tax automation firm Fonoa raises $25m for international expansion
The Dublin-based company will use the funding to extend country coverage and headcount.
Revolut monitors regulatory landscape with CUBE platform
The platform uses AI for identifying regulatory announcements and events across the globe.
ID platform Alloy selected by LGBTQ+ digital bank Daylight for customer verification
Alloy’s API-based platform will be used to automate the bank’s identity verification process.
Drata achieves unicorn status following $100m Series B
Drata intends to triple its workforce within the next year.
FinTech Futures Jobs: Three really great jobs to apply for this week
Exciting vacancies at OakNorth, Deloitte and Oracle. Apply today!
ICYMI funding round-up: Chip, Multiverse Computing, Kevin, APLYiD & more
Another collection of funding rounds and raises from all over the world you might have missed.
CFTC hits Tether with $41m fine for ‘misleading’ stablecoin claims
US regulator says Tether only backed by reserves for six and a half months between 2016 and 2018.
Sibos 2021: Net-zero commitments from banks and governments “need to have teeth”, says panel
How finance can tackle climate change has been a key topic at Sibos this year.
Coastal Community Bank picks Finzly to modernise payments processes
Coastal Community Bank has more than $2 billion in assets under management.
Privacy-focused data collaboration platform Duality raises $30m
Duality will invest further in privacy-preserving machine learning technologies.
UK sanctions enforcement: fintech in the spotlight
Fintechs cannot afford to neglect sanctions compliance and should ensure they understand their obligations.
Aberdeen Report: Customer operations in financial services – how to maximise client value and optimise efficiency
The findings from the survey of 218 financial firms, highlighting best in class customer operation programmes.
Leveraging best practice to maximise the benefits of cloud technology
Firms must assess and refine their cloud adoption strategy to ensure regulatory compliance and overall resiliency.
White paper: Five key qualities of a successful AML compliance programme
An effective AML compliance programme will protect your company from regulatory fines and prosecution.
Guide: The X factor – why KYC isn’t enough
Fighting fraud and financial crime doesn’t end at onboarding.
Mastercard acquires blockchain security start-up CipherTrace
Payments giant aims to integrate CipherTrace’s crypto security and fraud detection capabilities.
The cyber-resilience shortfall: are banks underprepared for a data breach?
Banks should look to bolster their cyber-resilience to prepare for and react to potentially costly data breaches.
SEC threatens suit over Coinbase crypto lending product
Coinbase’s CEO and chief legal officer admonish US markets regulator over lack of clarity.
How can identity security help solve the compliance conundrum?
Evolving tech has led to a growing number of cyber threats for FIs, as well as more compliance requirements.
Risk as an opportunity: fintech’s gold standard
How can fintechs continue to grow while also meeting increasingly stringent regulatory requirements?
Cartoon: Pac-Man, our friendly neobank
This new cartoon illustrates some of the daily threats faced by neobanks.
Is a change of approach required to benefit from cloud services as critical infrastructure?
It’s a fine balancing exercise of facilitating and encouraging innovation and adoption of cloud integrated services.
