know your customer

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

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 spent on large assets in the country li

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 headache. But if it

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 sui

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) space, inc

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 as a result of COVID-19.

PassFort, a regtech SaaS for KYC and AML, nets $16.2M

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

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 Global Management