KYC

GenAI could make KYC effectively useless

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 in

AI startup Fourthline locks down $54M to bring better ID checks and compliance tools to the finance sector

Fourthline has built AI-based solutions to help with identity verification, help businesses comply with anti-money laundering rules and more.

Dotfile is a one-stop identity verification API for compliance purposes

Meet Dotfile, a new startup backed by eFounders that just raised a $2.7 million funding round (€2.5 million) to help companies verify users and other companies with a single application programming

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

Checkout.com to acquire identity verification startup Ubble

A few months after raising $1 billion, payments startup Checkout.com has announced that it plans to acquire French startup Ubble, which operates a remote identity verification service. The deal should

Identitypass, an identity verification API for Africa, raises $2.8M seed funding

  Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for startups, especially

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

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.

Indonesian ID and data verification startup Verihubs gets $2.8M led by Insignia Venture Partners

For many financial institutions in Southeast Asia, verifying new customers takes a week or two, said the founders of Verihubs. The startup cuts that time down to as little as five seconds, using AI-ba

Smile Identity raises $7M to build KYC and identity verification tools for Africa

An estimated one billion people worldwide face the challenge of proving who they are, according to a World Bank Group report that states that 81% of this number live in sub-Saharan Africa and South As