ID verification


Socure raises $14m in new funding

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

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.

New in regtech: digital ID verification

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!

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).