ID verificationRSS

Socure raises $14m in new funding

Socure

In a Series B round led by Commerce Ventures, digital identity verification specialist Socure raised $13.9 million in new funding. The investment, which also featured the participation of Flint Capital, Santander InnoVentures, Synchrony Financial, Two Sigma Ventures, and Workbench, takes Socure’s total funding to $27.5 million.

HooYu brings identity confirmation technology to BCRemit

HooYu and BCRemit team up

Better onboarding and fewer fraud incidents are the goals of online money transfer platform BCRemit. The UK-based company has partnered with identity confirmation specialist HooYu to help them reach both of those critical objectives.

CUA pilots Australia Post’s new digital ID verification tool, Digital iDTM

CUA

Credit Union Australia (CUA) has become to the first financial institution in the country to trial Australia Post’s new digital identity verification service, Digital iDTM.

New in regtech: digital ID verification

Seth Farbman, eSignatureGuarantee

It’s no secret that increased regulations are a significant pain point for commercial and community banks. According to Thomson Reuters Global Cost of Compliance 2016 Survey, more than one-third of participating financial institutions reported spending at least an entire day each week keeping track of regulatory changes. The good news? Regtech, or regulatory technology, is […]

Erste Bank: video identify yourself!

New customers can prove their ID via video. Image source: IDnow

Austria’s Erste Bank und Sparkassen can now verify new customers’ IDs via video. The functionality has been developed with specialist provider IDnow and introduced just a few weeks following the approval by the country’s Financial Market Authority (FMA).

BBVA first in Spain to launch full account opening via mobile; ties up with Salesforce

BBVA

BBVA says it is the first financial institution in Spain to launch online onboarding via mobile, which allows anyone to open an account in “just a few minutes”. A customer’s identity is verified through a selfie and a video call. Users can open an account at BBVA through their mobile phone by going to its […]

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