know your customer
Featured Article
Hackers are threatening to leak World-Check, a huge sanctions and financial crimes watchlist
The hackers say they have stolen 5.3 million records from the World-Check database, used by companies and banks for screening potential customers.
KYC, or “know your customer,” is a process intended to help financial institutions, fintech startups and banks verify the identity of their customers. Not uncommonly, KYC authentication involves “ID images,”…
Using the blockchain to enhance KYC processes for web3 businesses
The blockchain provides many ways to improve upon the current KYC process to make it more secure, cost-effective and easy to deploy and use.
Identity verification company Youverify extends seed funding to $2.5M as it expands across Africa
This past month has seen several African fintechs such as Flutterwave and Union54 make headlines for compliance checks issues and fraud allegations. Both unlinked events re-emphasize the importance of know…
UK’s Thirdfort nabs $20M for tools to help with ID verification, and detect money laundering and payment fraud
Money laundering has been a hot topic of late in the UK, which is facing pressure to not just make tighter rules to track down the origins of money that’s…
Berlin’s Tilo raises seed round to tackle unstructured data sets with a serverless platform
As is commonly the case, data sets used inside companies almost always come from diverse sources and in different, unstructured formats. Connecting them up can lead to a very large…
Jiko announces partnership to launch a banking app for the transgender community
Jiko, a fintech startup that uses customer deposits to purchase short-term treasury bills, announced its first banking-as-a-service (BaaS) client today. It will partner with Euphoria, a technology suite for the…
New Zealand-based customer due diligence platform First AML gets $21M Series B
More of the world’s economy is moving online, and that is underscored by the long list of recent fundings and acquisitions in the digital ID authentication and anti-money laundering (AML)…
FrankieOne nabs $16M to provide fintechs with ID and fraud management as a service
Fraud continues to be a major issue in the world of digital transactions, a situation that research shows was only compounded in the last 20 months of online activity growing…
London-based PassFort, a SaaS provider that helps business meet compliance requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering) reporting, has closed a $16.2 million Series A led…
Regulating crypto is essential to ensuring its global legitimacy
We must eventually find a halfway point between those with valid concerns about the anonymity crypto assets provide and those who see regulation as prohibitively restrictive on crypto.
Tiger Global leads $34M investment into Unit21, a no-code fraud prevention platform
Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million in a Series B round of funding led by Tiger…
