Traditional Know Your Business (KYB) processes often stall after document collection, forcing compliance teams into manual verification loops. Strise, a leader in anti-money laundering (AML) automation, now partners with Kyckr, a global provider of real-time business registry data, to transform KYB workflows. This collaboration eliminates tedious document cross-checks, replacing them with instant verification, AI-driven discrepancy alerts, and end-to-end automation—slashing onboarding timelines from days to minutes. Why Legacy KYB Tools Fall ShortMost KYB platforms automate document retrieval but leave teams to manually: The Strise-Kyckr integration solves this by embedding live registry data from 300+ global sources directly into Strise’s AML platform.…
Author: Editorial Team
The maturity of corporate digital identity systems varies globally, but in the UK, businesses and government entities still face significant challenges in implementation. However, according to Umazi—a cutting-edge compliance and digital identity platform powered by AI and Web3—the potential rewards are immense. Corporate digital identity solutions provide businesses with increased operational efficiency, security, and trust. By ensuring that only verified, authenticated entities can engage in transactions, they reduce the risks of identity theft, fraud, and unauthorized access. Automated identity verification also eliminates tedious paperwork, cutting costs and enhancing productivity. Global Best Practices in Digital Identity Cindy van Niekerk, CEO &…
Saudi Venture Capital (SVC) has announced its investment in the Artal Growth Opportunities Fund, a closed-ended private equity fund regulated by Saudi Arabia’s Capital Market Authority and managed by Riyadh-based Artal Capital. The fund is designed to accelerate the growth of high-potential companies by providing capital and leveraging Artal Capital’s expertise in business expansion and corporate governance. It supports portfolio companies in scaling operations, entering new markets, and strengthening governance frameworks to drive profitability. Focusing on businesses at the expansion and growth stage, the fund targets technology-driven models in sectors with strong innovation potential. Its primary emphasis is on Saudi…
Socure, a leader in AI-driven identity verification, fraud prevention, and sanctions screening, has announced the launch of its groundbreaking Identity Manipulation Risk Score—the industry’s first cross-sector predictive risk score designed to stop repeat first-party fraud before it escalates. This AI-powered innovation is integrated into Sigma First-Party Fraud, Socure’s advanced fraud detection solution. By analyzing vast amounts of cross-industry fraud data, including dispute histories, payment denials, and account closures, Socure provides businesses with real-time risk intelligence to detect fraudulent activities at critical points—such as account opening, transactions, and dispute resolution. A Breakthrough in First-Party Fraud Prevention First-party fraud—where individuals misuse their…
Grain, a leading FinTech innovator in foreign exchange (FX) optimization, has secured more than $50 million in funding to enhance its AI-powered platform for seamless cross-border transactions. The latest financing includes a $33 million Series A round, spearheaded by Bain Capital Ventures, with additional support from Aleph, Vessey Ventures, and Hanaco Ventures. This follows an $18 million seed round, bringing Grain’s total funding to over $50 million. AI-Powered FX Solutions for Global Businesses Grain specializes in embedded FX solutions for B2B platforms, online marketplaces, and payment providers. The company’s cutting-edge technology helps businesses minimize currency risk in real-time while optimizing…
Fiinu Plc, a London-listed fintech pioneer, has announced key leadership appointments as it advances its revolutionary Plugin Overdraft® technology. This move follows a strategic white-label partnership with an independent UK bank, marking a crucial milestone in the company’s journey toward launching its groundbreaking solution. Strategic Leadership Additions Dr. Feyzullah (Feyz) Egriboyun has joined Fiinu as Group Chief Financial Officer (CFO) and executive director, bringing over 25 years of expertise in international finance, capital markets, and digital banking. His background includes roles at Credit Suisse First Boston and significant contributions to securing a deposit-taking bank license from the Prudential Regulation Authority…
Lenkie, a UK-based FinTech specializing in cash flow management, has secured £49 million in Series A funding to expand SME access to capital. The round includes £4 million in equity and a £45 million debt facility, backed by a leading US private credit fund that supports global lenders. Tackling the SME Lending Crisis With traditional banks retreating from small business lending, the UK faces an estimated £22 billion funding gap. Many SMEs struggle to secure the financing they need to grow. Lenkie aims to bridge this gap by offering payables financing, a model that directly pays suppliers on behalf of…
Deem Finance LLC (“Deem”), a leading consumer finance provider under the Gargash Group and regulated by the UAE Central Bank, has partnered with J.P. Morgan to secure a $400 million asset-backed securitization (ABS) facility. This milestone agreement supports Deem’s lending expansion for consumers and small and medium-sized enterprises (SMEs) across various asset classes. The financing, structured as a senior revolving facility, offers flexibility to adapt to Deem’s evolving portfolio. By diversifying its funding sources with long-term institutional capital, Deem strengthens its financial position, enabling greater access to credit for underserved segments. This move also bolsters the UAE’s non-bank financial sector,…
Origo is excited to introduce Unipass Transfer Tracking, a revolutionary service designed to simplify how advisers track client pension transfers. This market-first solution provides a real-time, centralized platform where advisers can effortlessly monitor transfers from any provider or platform using the Origo Transfer Service—all with just a few clicks. Effortless, Real-Time Pension Transfer Tracking With Unipass Transfer Tracking, advisers can access up-to-the-minute transfer updates without time-consuming phone calls. This streamlined digital process ensures transparency, improves efficiency, and gives clients peace of mind by providing secure, real-time updates on their pension transfers. Currently, the Origo Transfer Service facilitates around 80% of…
Fiserv, Inc. (NYSE: FI), a global leader in payments and financial technology, has successfully completed its acquisition of Payfare Inc. (TSX: PAY), a prominent provider of program management solutions tailored for new economy workforces. Payfare’s co-founders and employees have now joined the Fiserv team. This strategic acquisition enhances Fiserv’s embedded finance offerings by integrating Payfare’s card program management and white-label consumer applications. Combined with Fiserv’s robust capabilities in payment processing, banking ledgers, and value-added services, the expanded suite delivers a comprehensive solution for embedded banking, payments, and lending. Regulatory Compliance & Early Warning Report In compliance with National Instrument 62-104…
