TRANSACTION MONITORING – IDENTITYMIND
“ RegTech is no longer just for early adopters . We ’ re starting to see the actual , tangible benefit these technologies can provide ”
— Brian Clark , CEO , Ascent
in the investigation of attacks , and provide complete visibility of digital activity across the business , Darktrace ’ s AI enables organisations across all sectors to comply with industry-specific and international regulations – without purchasing additional tools .
TRANSACTION MONITORING – IDENTITYMIND
Fintech compliance regulation frameworks like Know Your Customer ( KYC ) have dramatically increased the onus placed on companies to pursue greater transparency within both their operations and customer bases . Founded in 2013 , Palo Altobased startup IdentityMind offers
its customers a SaaS platform that monitors transactions and financial behaviour to better detect fraud , money laundering and other financial crimes .
In March of this year , IdentityMind was acquired by identity verification solutions provider Acuant . " As digital transactions continue to see massive growth , understanding who ' s on the other end of the transaction is key to reducing fraud , managing risk and complying with regulations ," said Trace Fooshee , Senior Analyst with Aite Group . " This evolution of the Acuant Trusted Identity Platform with IdentityMind positions them well in the dynamic market for identity orchestration platforms ."
63 fintechmagazine . com