Regtech

Regtech Firm Hawk Extends Series B With Investment From Rabobank

Hawk, a German regtech company with a presence in the APAC region, has announced the extension of its Series B funding round. The sum was not disclosed. This extension sees Rabo Investments joining the ranks of existing investors BlackFin Capital

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Taking the Preemptive Strike to Thwart Rising Scams and Fraud in ASEAN Banking

In recent years, the banking sector in the Association of Southeast Asian Nations (ASEAN) has witnessed a significant surge in scams and fraud activities. As the digital landscape continues to evolve, fraudsters are becoming increasingly sophisticated in their methods, posing

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Sumsub’s KYC Product Now Available to Mastercard Customers

Sumsub, a global verification platform, has announced its partnership with the Mastercard Engage Partner Programme. This collaboration focuses on providing digital first solutions to enhance customer onboarding and compliance processes. By joining the Engage Programme, Sumsub aims to streamline customer

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GXS Bank Taps FICO to Disburse Most of its Loans in Under 3 Minutes

GXS Bank, a digital bank in Singapore, has enhanced its customer onboarding process using global analytics software FICO’s platform. The bank now reportedly onboards the majority of its customers in under three minutes. This earned it the 2024 FICO Decisions

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Billions Lost to Fraud Despite Efforts, APAC Fintechs Grapple with Rising Threats

Despite tireless efforts from businesses and tech providers, fraudsters persist in siphoning off billions annually. According to the “2024 State of Fraud” whitepaper by Telesign, a customer identity and engagement solutions provider, U.S. fraud victims suffered nearly US$8.8 billion in

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Authenticity in the Era of Deepfakes: The Multi-Layered ZOLOZ eKYC Approach

In the last five years, generative artificial intelligence has had a profound impact on the digital landscape, sparking both incredible interest and deep concern. The convergence of exponential increases in processing power, continuous advancements in deep learning and neural networks,

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Know About the Role of Alternative Legal Service Providers

A main transition has occurred and is still happening in the legal sector, which was recognized for its conventional and conservative procedures. The rise of Alternative Legal Service Providers (ALSPs) is one of the vital forces behind this transformation. By

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Trulioo Reports 90% Business Verification Rate in APAC

Trulioo, an identity verification platform, announced that it has achieved a 90% business verification rate across the APAC region a year after it had set up its Singapore office. The firm shared that this success comes despite challenges such as

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Silent Eight to Power AIA’s Financial Crime Compliance

Pan-Asian life and health insurer AIA has partnered with regtech firm Silent Eight, which specialises in AI-driven compliance solutions. This collaboration will involve the deployment of Silent Eight’s AI platform, Iris, to enhance AIA’s financial crime compliance screening processes across

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Entrust Finalises Acquisition of Onfido

Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. This announcement comes just two months after the negotiations came to light where TechCrunch reported that the deal could be worth

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