The key ingredient to success is often collaboration among businesses. With news that Verituity raised $18.8 million to support the growth of its verified payout platform, knowing and validating who they are doing business with is top of mind for B2B firms. B2B onboarding and...
For banks, forging partnerships with nonbanks and FinTechs has been a key way to capitalize on growth opportunities in private credit. But the increasing connectedness between traditional financial players and these new partners underscores the need for additional due diligence, and for tech-enabled, robust “know...
It’s been a busy few weeks in the realm of identity verification. Fraudsters are wily, it’s true — leveraging technology, particularly AI, and stolen data, to construct new online personas. And in doing so, they fly under the radar, so to speak, presenting themselves as...
Embedded banking software firm Treasury Prime has teamed with fraud, identity and security platform Footprint. The partnership, announced Tuesday (May 28), gives banks and their FinTech clients access to Footprint’s know your customer (KYC) and know your business (KYB) technology. “Banks increasingly recognize that a...
June 07, 2024
It’s been a busy few weeks in the realm of identity verification. Fraudsters are wily, it’s true — leveraging technology, particularly AI, and stolen data, to construct new online personas. And in doing so, they fly under the radar, so to speak, presenting themselves as legitimate customers to banks and to businesses. All too often, […]
August 15, 2023
Charles Zhu, vice president of product at Enigma, said “know your business” (KYB) mandates can be onerous on financial institutions (FIs) building an in-house compliance process. But for forward-thinking FIs,...
July 08, 2024
Business identity platform Niva has launched after raising $3.3 million for its verification solution, according to a Monday (July 8) news release. Verifying the identities of small and medium-sized businesses (SMBs) by screening for fraud and meeting local and international know your business (KYB) requirements is a major source of friction, per the release. “The current process is […]
May 28, 2024
Embedded banking software firm Treasury Prime has teamed with fraud, identity and security platform Footprint. The partnership, announced Tuesday (May 28), gives banks and their FinTech clients access to Footprint’s...
March 13, 2024
B2B trade credit tech platform Nuvo has teamed with trade credit insurance firm Allianz Trade. The integration, announced Wednesday (March 13), will let Allianz Trade customers use Nuvo to add coverage for...
February 28, 2024
Equifax is rolling out a know your business (KYB) solution to help U.S. lenders and businesses make more informed decisions about onboarding new accounts or vendors. Called the “Business Verification Solution,”...
