Sumsub’s AI-based identity verification software automates 95% of the customer onboarding process and is trusted by AML/KYC (Anti-Money Laundering/ Know Your Customer) service providers to provide a range of compliant- solutions. Sumsub has already been used by 600+ businesses with no plans to slow down as the identity verification market is expected to grow to €20B by 2022 with a variety of use cases that is ever-increasing as the pandemic drives digital transformation. London TechWatch caught up with Founder Jacob Sever to learn more about Sumsub, the technology infrastructure powering the platform, the company’s latest funding round led by MetaQuotes,and much, much more…
Privacy and Security
ComplyAdvantage Raises $50M to Prevent Financial Crimes With Machine Learning
Global money laundering is 2 – 5% of global GDP annually or $800B – $2T. Charles Delingpole built ComplyAdvantage, the dynamic global risk database of people and companies, to evaluate the risk of who you’re doing business with. Through the use of the machine-learning powered solution that integrates with existing workflows, financial institutions are able to meet regulatory compliance requirements and manage risk obligations. Delingpole walks us through the inspiration for the company, how it reduces financial crimes, and the company’s recent funding round from investors that include Ontario Teachers’ Pension Plan, Index Ventures, and Balderton Capital.
Privacy Data Guidelines For Mechatronic Innovators
For too long online users have been too willing to hand over their personal data in exchange for using mobile services (e.g., Apple, Facebook, Amazon, Google, etc.). As these companies continue to expand their footprints, untethered by regulators, into every facet of their customer’s lives there is a growing revolt.
Is China An AI Security Concern?
Recently, the Interior Department ordered the grounding of its drone fleet that was made in China or contained Chinese parts. This comes on the heels of similar actions taken by the Department of Homeland Security in May and the United States Army in 2017. While political pundits credit the ban to the Trump administration’s policy initiatives […]
Yoti Raises Another £8M for its Intuitive App for Establishing a Digital Identity
The importance of establishing a digital identity and taking ownership of your online, personal data is now a core necessity. Digital identity app Yoti taps into the power of biometrics to enable secure website logins, instead of remembering passwords. With over 4.7 million downloads, Yoti prioritizes the consumer, so individuals can share specific identity details – […]
Security And Privacy Are Both A Risk and Opportunity
With a 126 percent increase in stolen sensitive personal information, there is a growing population out there worried about all the people intent on hurting them.
5 Digital Policies Startups MUST Have
I’ve narrowed digital policy development down to five things you absolutely must do to protect your business, your employees, and your customers.
How Great Story Telling Is Changing Cybersecurity Marketing
Cybersecurity is an epic, ongoing battle in which the good guys are companies and consumers trying to be safe, and the bad guys are the evil hackers, criminals, and nation-state spies. The good guys are led into battle by Chief Information Security Officers (CISOs) and their teams. To stay ahead of the bad guys, companies […]
Machines That Smell Trouble
Abruptly, I enter the cab escaping the arctic weather to confront something worse than freezing rain – body odor. Luckily, another taxi pulled to the curb and I continued my journey to last Tuesday’s RobotLab forum on Cybersecurity & Machines. Moderating a panel at the new Global Cyber Center, with John Frankel of ffVC and Guy Franklin of SOSA, I […]
Technology and Covert Operations
Covert Operations has long relied on a mix of the most current technology available, and the need for an “old-school,” hands-on approach. No covert operative worth his salt would rely entirely on technology, as opening up an operation to an easy hack is almost the first danger one is warned against in training. I ran […]