Specialist RegTech provider Shield today announces the addition of further security layers which ensure its complete communications compliance lifecycle platform is one of the most secure RegTech solutions on the market. The latest version of the Shield platform has been enhanced specifically to address the additional needs of remote working in the new compliance normal.

Ofir Shabtai, Co-Founder and CTO at Shield commented, “As well as the practical challenges that remote working has brought for many financial sector businesses and their employees, it has also opened up potential gaps in security when confidential data is being shared and used away from secured business networks. To address this, Shield’s platform utilises full end-to-end encryption to ensure this data is protected, from the business’s secure data storage right through to the endpoint (be that a laptop or handheld mobile device), wherever the person is working.”

Equally important is the security of cloud-based data, which has become essential for firms supporting home-working staff, as Ofir continues, “Working in a fully secured cloud and in full cooperation with leading cloud vendors, we have built a solution based on AWS (Amazon Web Services) to ensure each customer account is created with the correct security setup, incorporating the highest security level. This includes AWS Control Tower, which provides an easy way to set up and govern a secure, multi-account AWS environment, and AWS’s powerful Amazon GuardDuty threat detection service for full peace of mind.”

The Shield platform was developed from the bottom up with security at its heart, featuring an intrinsic secured architecture which protects data at all stages of the complete communications compliance lifecycle – from collection through to proactive and preventative detection and archive storage. The platform also includes powerful malware and intrusion detection, and 24/7 incident response, multi-factor authentication, and system monitoring. As a security information management system (SIMS), Shield fully automates the process to give financial firms complete assurance that their sensitive data (and that of their customers) is fully protected, even when their teams are working remotely.  

All these features ensure Shield is perfect for evolving business needs and the likely move to hybrid working for many financial professionals in the post pandemic world. Ofir concludes, “Put simply, our platform not only provides the world's only end to end communications compliance solution,  but also one of  the most secure. Shield’s enterprise-grade solution enables financial businesses to continue servicing clients in a professional, profitable, and regulatory compliant way, giving full peace of mind to CISOs in an evolving world. 

For more details on the Shield platform or to schedule a demo to see it in action, please contact Shield via email: info@shieldfc.com or visit www.shieldfc.com.

About Shield

Shield automates and orchestrates the complete eComms compliance lifecycle, delivering all elements of capture, correlation, data enrichment, analytics, proactive and preventative detection. Featuring two distinct functions - Compliance Data Management and Proactive Surveillance - Shield's solution empowers numerous functions within regulated organisations, from departments such as surveillance and monitoring, risk and governance, forensic and control, all the way through to conduct and management.

A truly open platform, Shield was built to put an end to compliance data silos and complicated proprietary platforms. Our open integration approach enables an organisation to connect to a wide range of electronic communications platforms through our library of pre-integrated connectors, whilst we normalize, enrich the data, and allow for connectivity to other platforms as well.

By harnessing the power of AI, Shield’s platform utilises its non-disruptive technology and unique capabilities, including FCR (Financial Context Recognition), Alert Scoring, and NLP. It is also a Cross Regulation Platform, enabling regulated firms to meet different regulatory use cases and objectives such as: record keeping and retention, completeness and reconciliation, eDiscovery and advanced search, investigations, and surveillance.

For more information please visit: www.shieldfc.com

Digital payments expert PayPoint has completed the acquisition of RSM 2000 Ltd, a leading provider of innovative digital payment services. The move marks a further step change in PayPoint’s strategic delivery; RSM 2000 boasts a significant portfolio of clients across sectors such as charities, not-for-profit organisations and SMEs in the UK, organisations which will bolster PayPoint’s market reach.

PayPoint is well-placed to take advantage of the trends that have accelerated over the past year due to Covid-19, including the continued shift from cash to digital payments, and the acquisition of RSM 2000 - which offers Direct Debit services, card payments and text donations amongst other services - reinforces that position. The UK Direct Debit market continues to expand, with over 4.5 billion payments with an overall value of £1,327 billion made in 2019. Direct Debits are used by 90% of the UK population to pay some or all of their regular bills.

The acquisition will significantly enhance PayPoint’s existing MultiPay digital payments portfolio: bringing Direct Debit capability in-house, adding innovative mobile payment products and enabling reach into new sectors, such as charities, not-for-profit and events. The innovative EventPay solution from RSM 2000 provides card terminal hire and connectivity for SMEs attending shows and fayres across the UK – an opportunity of over 30,000 events a year with over 10,000 visitors.

Danny Vant, Client Services Director, PayPoint comments: “Our acquisition of RSM 2000 is the latest step in the acceleration of our strategic delivery, strengthening our position further to take advantage of the trends that have accelerated over the past year due to Covid-19, particularly the continued shift from cash to digital payments. We are delighted to welcome everyone at RSM 2000 to the PayPoint Group and are looking forward to working together to grow our digital payments capability.”

Nigel Waters, Managing Director of RSM 2000 Ltd adds: “This move is an exciting one for RSM 2000 as it enables us and our customers to benefit from the expertise and greater breadth of digital payment channels that the PayPoint Group offers. Both organisations are committed to delivering the high quality of service and solutions that our customers have come to expect as we integrate into the PayPoint team in the coming months.”

Simplilearn, the world's number one Online Bootcamp for digital economy skills training, today announced a collaboration with KPMG in India to offer postgraduate programs in the field of digital business transformation & process excellence, starting with PG Program in Lean Six Sigma. Key features of the post-graduate program include masterclasses, real-world capstone projects and mentoring by experts from KPMG in India, live interaction with 100+ hours of live online classes by digital transformation leaders, and Interactive peer learning via Harvard Business Publishing case studies and real-life group projects.

In an industry first, the synergy created by the KPMG in India and Simplilearn partnership will provide a high-touch learning experience to the professionals enrolling in the post graduate programs. The learners are set to gain a real-world perspective of digital lean and business transformation through business case studies and masterclasses that leverage a world-class knowledge-base created via decades of consulting experience of KPMG in India. Most importantly, during the capstone, the learners will be mentored by experts from KPMG in India in-person to help them apply the theoretical frameworks to solve real-world business challenges.

“The exponential rate at which technology is advancing is disrupting organizations and jobs globally. Businesses, across all sectors, are facing challenges in adopting these new changes due to skills gaps. In light of this, we are delighted to partner with KPMG in India to bring our students the most comprehensive training programs available and make them job-ready. The deep industry knowledge from the industry-leading practices of KPMG in India will help our learners gain hands-on knowledge on business problems,” said Mr. Anand Narayanan, Chief Product Officer, Simplilearn. “Together with KPMG in India, we’re confident that these post graduate programs will provide everything our students need to launch new careers in different fields of digital economy operations.”

“The workforce of the future needs to be well-rounded and updated with ever-evolving digital technologies and management techniques. We are happy to collaborate with Simplilearn to provide learners with the skills and competencies they need to advance their careers in the growing digital economy. Through this collaboration, we will be able to help address the critical challenge of skills gaps,” said Dr. K. K. Raman, Head of Business Excellence practice at KPMG in India.

All course content will be available on Simplilearn’s learning management system and will follow Simplilearn’s unique blended learning framework, providing learners with expertly-designed content, delivered via live class sessions and pre-recorded video to meet the needs of every student’s preference and schedule. Upon completion of each program, learners will receive industry-recognized certification from Simplilearn and KPMG in India.

Goal Group, the global leader in withholding tax reclamation and securities class action recovery services, has announced the appointment of Simon Cleary as a consultant covering Asia for its APAC region. He will be based in Singapore and report to Selvie Shaqiri, Managing Director, APAC.

With more than 35 years’ securities services experience, Simon has held multiple leadership roles in the UK, Luxembourg and Singapore, most recently at Standard Chartered Bank as Managing Director, Head of Regional Operations in Securities Services ASEAN & South Asia, and COO and Global Head of Product for Custody and Clearing. Previously he held roles at Brown Brothers Harriman, SWIFT, Citi, Bank of New York and Chase Manhattan Bank. 

Simon is a British citizen and has been living in Singapore for more than a decade. He was recognised by Global Custodian Magazine in 2009 as a ‘Legend of Securities Services’ for his ‘outstanding contribution to the securities services industry’. 

Selvie Shaqiri, Managing Director of APAC, said: “As the market leader in each of our fields and a thriving fintech entering an exciting new phase of growth, we are continually seeking to strengthen our team across the Asia Pacific region. I’m thrilled that Simon is joining us to extend our work in helping clients understand and carry out their fiduciary duties to the highest possible standards. With his depth of experience and global markets exposure, I’m confident that he will be a great asset to the business.” 

Commenting on his appointment, Simon Cleary, Consultant, APAC at Goal Group said: “I am very much looking forward to working with the Goal team in APAC and building on the great work they are undertaking for institutional investors across the region. Goal has an unparalleled track-record in helping clients fulfil their fiduciary duty to reclaim excess tax on cross-border income, and seek legal redress for investment losses. Both areas cost investors dearly if they are not performed fully and efficiently.” 

Thanks to its robust business continuity strategy and secure cloud-based systems, it has been ‘business as usual’ for Goal Group throughout the pandemic.  Indeed the company is processing its highest ever volumes of claim filings, monitoring in excess of £8 trillion in client assets worldwide and recording record revenues.

Selvie Shaqiri adds: “Both sides of our business are seeing strong growth. Investors continue to become more engaged, more aware of their rights and their dues, and more willing to push for change. Securities litigation and financial instruments are becoming ever-more complex, leading many institutions who previously managed participation in-house to seek specialist support. We are ideally placed to help the investment community streamline current processes and reduce costs while navigating the evolving fiduciary, corporate governance and legal landscapes.”

SmartStream Technologies, the financial Transaction Lifecycle Management (TLM^®) solutions provider today announces the launch of SmartStream Air version 3, designed to support global clients on the Microsoft Azure platform, allowing more countries to meet local regulatory requirements and access improved AI capabilities for managing critical data across the enterprise.

Many regions, such as the UAE, are now demanding Microsoft Azure for the hosting of all their data requirements to enhance their infrastructure and to allow flexibility when using data and providing a greater ability to meet local regulatory pressures. SmartStream Air version 3 is cloud-native, behaves like a consumer app, requires no training or IT skill set for its use and is the fastest AI data quality application available today. SmartStream Air has always been hosted on Amazon Web Services (AWS), and now due to local demand, it is available on the Microsoft Azure platform – giving clients the flexibility to choose depending on their regional requirements.

SmartStream Air version 3 comes with full ‘data lake’ support - allowing clients to incorporate reconciliations and run custom reports using analytical tools based on the collected data. This new feature allows for deep insights of the data in the reconciliation process by using tools such as Microsoft Power BI or Tableau, to optimise workflows and improve matching rates.

Andreas Burner, CIO, SmartStream Technologies, states: “We are extending our footprint by running version 3 natively in the Microsoft Azure cloud infrastructure – this will allow many regions around the world to utilise regional data centres and comply with the necessary regulatory requirements. Customers can now take advantage of more functionality and improved performance for managing critical data through the use of the latest AI and machine learning technologies. In addition, we have developed new and improved AI capabilities, which allow for more automation and the decrease in the need for manual touchpoints. Overall, the discussion with clients has proven that this latest version has made it easier for them to take control of their data, while speeding-up the use of the latest AI technology across the enterprise”.

The latest release will empower end users with additional UI capabilities and provide more flexibility when mapping and removing unnecessary data. Whilst the more advanced functionality is being used for enhanced data uploading, manipulation, and transformation for large amounts of data. SmartStream’s Innovation Lab with ultra-smart mathematicians and data scientists – has created SmartStream Air version 3, to provide organisations with a tool that can match any data for any reason in an instant using the Microsoft Azure platform.

Path Solutions, a global software and services provider to the Islamic financial services industry, today announced it has emerged as winner of the ‘Best Islamic Financial Software Provider’ category in the World Islamic Fintech Awards 2020 of REDmoney Group.

According to the judging committee, the array of submissions received for the category of ‘Best Islamic Financial Software Provider’ was impressive. With contenders from the Middle East and South Asia to Central Asia and Southeast Asia, the decision was certainly not easy.

IFN Fintech spokesperson commented, “This prestigious title has gone to heavyweight Path Solutions which has built an empire over the last three decades, trying to find new opportunities amid chaos to advance its mission. The success of the company is driven by - among others - its strong focus on research and development (R&D). Today’s announcement builds on Path Solutions’ momentum as the company continues to drive impact with some of the world’s most innovative Islamic banks globally despite the unprecedented pressures from the global COVID-19 pandemic. Only recently, Path Solutions has signed a comprehensive software deal with Mogadishu-based Amana Bank to deploy a single, cloud-based digital banking platform to underpin the bank’s operations. Congratulations on a well-deserved accolade”.

The year 2020 has been a greatly challenging year for most. However, the rise of open banking and the massive surge in demand for digital channels in Islamic banks due to COVID-19 lockdowns has placed technology as a survival imperative and a key driver of growth and differentiation for Islamic banks. Path Solutions is a global industry pioneer and software leader and has built iMAL, the only digital core banking platform certified by AAOIFI, incorporating robust features that support Islamic accounting with traceability, and addressing both international and country-specific banking needs. With seamless processes and digital capabilities in place, iMAL enables Islamic banks to cater for new innovative financing and investment products with minimum setup time and effort, and with a speed and ease of use that is unmatched in the industry. The company is well placed to help Islamic banks achieve Sharia compliance as well as their transformational aspirations.

“For all the right reasons, Path Solutions is the globe’s preferred Islamic banking software provider, equipping Islamic banks with innovative solutions that digitize their business operations and deliver an improved customer experience”, commented Mohammed Kateeb, the Group Chairman & CEO of Path Solutions. “The global pandemic has put our clients at the front lines of dealing with not only a rising demand for digital services, but also an unprecedented number of online transactions. They required the scalability to serve this spike in number of transactions, the flexibility to deliver unique and compelling experiences and the agility to introduce new products at a rapid pace. Path Solutions quickly dedicated its teams and expertise to help them tackle historic challenges with innovative branchless solutions. In a matter of weeks, our powerful Islamic banking technology was able to serve millions of people globally and execute mission-critical workflows. We are honored to be named ‘Best Islamic Financial Software Provider’ in 2020 for doing impactful work and helping create a better normal to our Islamic banking community”.

The World Islamic Fintech Awards (WIFA) honor exceptional and deserving fintech providers in the Islamic finance space for their outstanding work in driving Sharia-compliant financial services through disruptive and collaborative technologies. In an atmosphere of seismic disruption across all industries and a vibrant technology ecosystem, only those organizations who have innovated ruthlessly are worthy of being commended.

To view 2020 category winners, go to https://ifnfintech.com/world-islamic-fintech-awards-2020-rainbow-after-the-storm/

The Global Legal Entity Identifier Foundation (GLEIF) has welcomed the first commercial demonstration of Legal Entity Identifiers (LEIs) embedded within digital certificates by the China Financial Certification Authority (CFCA). Simultaneously, GLEIF confirms that CFCA, which is a member of the GLEIF Certification Authorities (CA) Stakeholder Group, is the newest Validation Agent in the Global LEI System and the inaugural CA to sign up for the Validation Agent role.  

These developments by CFCA follow the recent launch of the GLEIF CA Stakeholder Group, created as a platform for GLEIF to collaborate with CAs and Trust Service Providers (TSPs) on the coordination and promotion of a global approach to LEI usage across digital identity products. CFCA’s advances are significant because they are the earliest reported successes aligned to the direction of this industry initiative, which is aimed at achieving a critical mass of LEIs embedded within digital certificates.

Stephan Wolf, CEO of GLEIF comments: “This progress by CFCA on both fronts is very welcome as it moves us one step closer to broad LEI usage in digital certificates globally. Realizing the goal of universal LEI usage in digital identity products will be an important step in enhancing trust and creating innovation opportunities across private sector digital identity management applications. Digital certificates linked by an LEI to verified, regularly updated and freely available entity reference data held within the Global LEI System are easier to manage, aggregate and maintain. The result will be significant efficiencies and far less complexity for certificate owners and the provision of greater transparency for all users of the internet and participants within digital exchanges.”

CFCA demo: Using LEIs to link PDF digital certificates to entity reference data in the central GLEIF database

CFCA has become the first market participant to successfully demonstrate a commercial use case of LEIs being embedded in a digital certificate, specifically within the digital certificate issuance process for PDF documents. CFCA’s TrustSign® PDF software supports digital certificate signing and the demo shows the LEI displayed for users alongside certificate properties inside the software.

CFCA’s TrustSign® software digitally stamps a document with a Digital Business Stamp, which embeds an LEI in accordance with ISO 17442-2. When the document is opened and certificate properties are displayed, the LEI is shown and a link provided, via the GLEIF LEI Lookup API, to the trusted, free and easily accessible entity reference data associated with that LEI, held within the central GLEIF database.

Naijin Lu, from CFCA’s Strategic Development Department, comments: “Incorporating LEI into our digital identity products brings many benefits to certificate users, while being very helpful in constructing a digital identity ecosystem. By using GLEIF API for real-time online verification of LEI-related legal entity information, the advantages of digital certificate and LEI can be well integrated in the practice of digital identity to create a better digital identity authentication experience. We are excited to bring forward the first market-based demo of its kind, which proves that the combination of LEI and digital identity products has a bright future. In the future, we will actively explore other application scenarios of LEI in digital identification field, such as vLEI. “

Prior to CFCA’s demo, and in 2019 and 2020 consecutively, GLEIF had brought forward a Proof of Concept when it published its prior year reports with its LEI embedded within the digital certificates of GLEIF’s signing executive officers. Both instances were prior to the publication of ISO 17442-2 in August 2020 which standardized the process of embedding LEIs in digital certificates. 

CFCA becomes a Validation Agent within the Global LEI System

In a complementary development which shows CFCA’s commitment to facilitating and promoting LEI issuance in digital certificates, the organization has become the first CA to become a Validation Agent in the Global LEI System. It partnered with a China based LEI issuer, China Financial Computerization Corp (CFCC), to enable customers to obtain LEIs and include them within CFCA products. This partnership, made possible under the GLEIF Validation Framework, provides CFCA customers with a ‘one-stop-shop’ for obtaining their LEIs alongside their identity authentication and information security services.

The Validation Agent Framework, announced by GLEIF in September 2020, enables institutions to improve their customer experience, accelerate client lifecycle management and reduce costs by using ‘business-as-usual’, KYC onboarding procedures to facilitate LEI issuance for their clients.

Wolf concludes: “The swift and successful integration of the LEI into CFCA’s TrustSign® software is a hugely exciting innovation, which we hope will be a catalyst for other similar demos related to LEI usage in digital certificates to emerge. It shows what is possible thanks to ISO 17442-2 and demonstrates the LEI’s unique value in this important use case. GLEIF is happy to confirm CFCA as not only our newest Validation Agent within the Global LEI System, but also as the first CA to take up that role. Its partnership with CFCC has made that possible. As momentum builds for the LEI to be used outside of regulatory use cases, thanks to recognition of the opportunity and efficiencies it can offer to the private sector, provision of Validation Agent services by a wide range of key actors in the digital ID management and verification ecosystem will be critical to servicing scaled-up LEI demand and simplifying LEI issuance. 

We are excited to learn more about CFCA’s advances through their engagement in the GLEIF CA Stakeholder Group. Their developments get this digital identity industry collaboration off to an incredibly strong start. We look forward to working with CFCA and all members of the CA Stakeholder Group as we jointly set out to advance trust and transparency within digital identity products.”   

GLEIF welcomes CAs and TSPs to join and participate in the CA Stakeholder Group’s quarterly meetings. For more information or to join the group, please email info@gleif.org

Leading open banking payments platform, Token, today announces it has been granted official authorisation by the German Federal Financial Supervisory Authority, BaFin. Token GmbH is now a licensed Payment Initiation Services Provider (PISP) and Account Information Services Provider (AISP) in Germany, with passporting rights planned for an additional 26 countries.

The firm has also announced the establishment of its EU headquarters in Berlin, and the hiring of new CTO, Benjamin Pannier, to run technical and product operations. Benjamin brings over 10 years leadership experience in API product development and payments, including six years at Nokia as Director for the web service API, Nokia Places, followed by a role as CTO of the CEE region for PayU, where he managed a team of over 200 across development sites in Poland and Romania. More recently, Benjamin held the position of CTO and Managing Director at Zalando Payments, and was responsible for establishing and growing its payments subsidiary. From its new location, Token will continue to empower European enterprises to drive the shift from card payments to faster, lower cost and more secure account-to-account (A2A) payments.

By providing API connectivity to thousands of European banks, Token delivers rich open banking payments functionality to merchants, PSPs and banking-as-a-service platforms. Token’s stack of A2A payment services include funding an account, paying off debt via loan or credit card repayments, paying bills and other eCommerce payments. Complimentary open data use-cases include customer onboarding and insights, accounting package integration, credit risk analysis and cash flow management. It was one of the first UK companies to be authorised by the Financial Conduct Authority (FCA) as a payment initiation and account information service provider, and the first to conduct an end-to-end payment through a PSD2-compliant bank API.

“When the UK left the European Union on the 31^st December, third party providers (TPPs) licensed by the Financial Conduct Authority lost their passporting rights in the EU,” comments Token CEO, Todd Clyde. “We established our European base, secured a temporary license, and applied to BaFin for a permanent licence to minimise disruption from Brexit to our customers. BaFin is the gold standard of regulators and will facilitate easier passporting throughout the EEA. With this licence we will continue to build on the success of the Token platform across Europe. Our new CTO, Benjamin Pannier, is heading up a great team on the ground in Berlin, with deep expertise in payments and the technical know-how to support the unique needs of banks, merchants and PSPs.”

“While account-to-account payments are common in Germany, it is still very early days for open banking payments. APIs now make SEPA Instant more accessible and open banking payments will soon challenge the use of cards both online and in-store,” adds Token CTO, Benjamin Pannier. Token’s platform provides unrivalled API connectivity, and a fast-track for businesses to deliver better digital payment experiences to their customers. I look forward to working closely with the Token team to evolve the open banking payments landscape in Germany, and to support the next stage of Token’s European journey.”

Earlier this month, Token announced $15m in Series B funding with investment from international companies SBI Investment, Sony Innovation Fund by IGV and existing partners. Recent Token customer announcements include BNP Paribas and the launch of BNPP Instanea for merchants, the European PSP Contis and the Banking-as-a-Service provider OpenPayd. Token customer HSBC has also launched its fast and secure alternative to online payments, HSBC Open Payments.

Aire, the pioneering data and technology company, today announced its plans to expand into the US market as it looks to hire a new Senior Commercial Executive, tasked with leading the credit fintech’s international go-to-market strategy.

The role is one of a number of recent hires to support Aire’s operational and business readiness in the US as it prepares to roll out its credit insight product internationally. 

The announcement follows the promotion of former CFPB regulator, Tom Oscherwitz, to VP Operations and Counsel, further bolstering the credit bureau’s intentions within the US market.

With a clear focus on proactive engagement with regulators, Aire chose Washington DC as the location for its stateside headquarters last year. 

Aneesh Varma, Founder and CEO at Aire, commented: “Having now established our operational and regulatory readiness and with early indications from lenders of the appetite for Aire in the US, we’re ready to go. This important hire will help us to make faster inroads into this market and will be pivotal in taking us closer to achieving our mission of delivering credit where it’s due for every consumer.”

Tom Oscherwitz, VP Operations and Legal Counsel at Aire added: "As we emerge from Covid-19, we’re seeing positive signs from US lenders who are looking to increase their lending responsibly. Aire provides a real-time, validated view of any consumer’s income, a solution that is particularly well-suited to US lenders looking to assess their customers accurately and fairly.”

The innovative risk management and fraud prevention company Cybertonica today announced its strategic partnership with Acuris Risk Intelligence (ARI), the independent data intelligence provider. The partnership will integrate Cybertonica’s cutting edge real-time behavioural biometrics platform with the Risk Intelligence flagship fraud product Cybercheck.

The combined solution offers a robust platform that brings together millions of data points and models for Cyber Risk and Compliance. Cybercheck will be joined by Cybertonica’s intelligent platform which has a proven track record in managing transactions and behaviour events for world-leading organisations. This move enables the two companies to open new  markets to their combined product catalogue. Improving features and increasing usability for fintech, gaming, banking, ecommerce and payments businesses globally.

Acuris Risk Intelligence’s Cybercheck platform allows businesses and individuals to identify whether their company information, staff credentials, vendor or client details have been compromised by criminals or sold on dark web forums. The integration of Cybercheck with Cybertonica’s platform creates a powerful offering that cuts fraud and risk through real-time continuous behavioural data analysis and immediate alerts and analysis.

The joint solution is uniquely positioned to support various sectors from financial services to gaming and healthcare providers, offering them access to the latest data, analytics, actionable insights and automated alerts. Faster reaction times via Cybertonica’s intuitive interface enable clients to detect fraud and compliance risk and provide passive authentication for devices and users in real-time without intrusive methods or tools.

ARI’s customers will not be alone in benefiting from the deal. Cybertonica’s clients now will be able to utilise the new data models available through this partnership to make their businesses, systems and domains more reputable and secure. On the single interface users will be leveraging the established expertise in KYC, sanctions and other compliance areas along with in-depth dark web monitoring where ARI thrives.

Joshua Bower-Saul, CEO and Co-Founder of Cybertonica, commented: “Cybertonica’s innovative technology and frictionless approach to fraud detection and authentication made our partnership with Acuris Risk Intelligence a natural fit. Enabling instant cyber checks, seamless transaction monitoring, and threat intelligence in real-time is key to lowering overall fraud rates for businesses at a time when rates are expected to soar by 25% in the next few years alone. Cybertonica’s solution enables the ARI’s Cybercheck platform to do exactly that – bringing all the risk operations and events analysis to a single hub.”

Joel Lange, Managing Director, Acuris Risk Intelligence, said: ‘’With our experience with millions of queries in KYC and compliance, and Cybertonica’s expertise of managing billions of transactions and cyberthreats, the partnership brings together the ideal customer  experience in continuous authentication and real-time alerts. Cybertonica protects real-world identities by using its behavioural biometrics to passively match a user to specific behavioural models in less than a second using advanced data science and risk based authentication technology.’’

For more information about Cybertonica, visit: https://cybertonica.com/