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iComply Investor Services Named a CyberTech100 Company for 2021

iComply Investor Services Named a CyberTech100 Company for 2021

by | Jun 8, 2021 | Blog, Events, In The News, Press Releases

iComply Investor Services Named a CyberTech100 Company for 2021

The CyberTech100 list for 2021 recognizes the world’s most innovative companies focused on helping financial institutions combat cyber threats and fraud

Vancouver, B.C. – June 8, 2021 – iComply Investor Services (“iComply”), a global compliance software provider, is announcing that the company has been named to the second annual list of the CyberTech100, highlighting the world’s most innovative providers of digital solutions helping financial services firms fight off cyberattacks and protect their data.

Announced today by FinTech Global, a specialist research firm in the UK, the CyberTech100 for 2021 recognizes the pioneering companies helping financial institutions combat cyber threats and fraud.

“Security executives working in financial services need to be aware of the latest innovation and threats in the market in order to protect client and company data as well as fend off cyber and financial criminals,” said Richard Sachar, director at FinTech Global. “The CyberTech100 list helps them do just that and identify new technologies which will have a lasting impact on the industry and attackers’ behaviour.”

The CyberTech industry for financial services has seen huge growth over the last four years as operations are increasingly moving to the cloud and organizations expand their spending on securing new digital infrastructure. Total annual investments in the sector grew from $0.7bn in 2016 to over $6.2bn last year. That’s an increase of nearly nine times and a CAGR of 72.5%.

As a result, the competition to be identified as one of the leading 100 CyberTech companies in the world was even fiercer this year. A panel of analysts and industry experts voted from a list of over 1,000 companies produced by FinTech Global. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain.

A full list of the CyberTech100 and detailed information for each company is available at www.CyberTech100.com.

About iComply Investor Services Inc.
iComply Investor Services Inc. (“iComply”) is a global compliance software provider that helps businesses reduce the cost and complexity of user authentication KYC and AML operations while providing a seamless experience to their users. iComplyKYC allows operations teams to centrally control how each KYC portal will securely gather, validate, and encrypt client data and documentation before it leaves their device. By partnering with multinational technology vendors such as Microsoft, DocuSign, Thomson Reuters, and Refinitiv, iComply is bringing compliance teams into the digital age. Learn more: www.icomplyis.com

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Thomson Reuters Marketplace Selects iComply as a KYB, KYC, and AML Partner

Thomson Reuters Marketplace Selects iComply as a KYB, KYC, and AML Partner

by | Apr 27, 2021 | AML - Anti-Money Laundering, Blog, In The News, KYB - Know Your Business, KYC - Know Your Customer, Press Releases, Solutions

New Thomson Reuters Marketplace Selects iComplyKYC as a Digital Identity and KYC Partner

Thomson Reuters has launched its Marketplace, featuring a curated selection of software solutions for law firms, corporate law offices, and tax and accounting professionals

Vancouver, B.C. – April 27, 2021 – iComply Investor Services (“iComply”), a global compliance software provider, is announcing that the company has partnered with Thomson Reuters to distribute its iComplyKYC platform through the Thomson Reuters Marketplace. 

iComplyKYC gives businesses access to a turnkey, world-class know your customer (KYC), anti-money laundering (AML), and identity access management (IAM) solution that can be quickly embedded into any digital experience. 

The Thomson Reuters Marketplace is an online store that showcases a wide range of solutions offered by Thomson Reuters, as well as its trusted and tested vendors such as iComply. 

“With the pandemic driving business more online, financial processes that used to require face-to-face interaction are becoming digital,” said Matthew Unger, CEO of iComply. “The internet was developed to transfer information and so the policies of user identification and identity access management have followed internet industry standards. As more banks digitize, new fintechs emerge, and major tech companies enter financial services, these internet standards fall short of the regulatory requirements. iComplyKYC solves this by combining “banking grade” KYC portals with your existing identity access management, single sign-on, or digital identity management solutions.”

Existing digital solutions force users to submit their most personal details into a web form for user identification or authentication, with API-based solutions relaying this information to third-party data processors and sub-processors that are often international and could retain control of the data. Other existing alternatives to these API-based solutions require significant resources to implement and maintain, such as custom software development.

“iComplyKYC helps businesses securely and digitally collect, verify, screen, and maintain data and documents for both natural persons and legal entities,” said Matthew Unger, CEO of iComply Investor Services.

“Unlike existing digital KYC solutions, the platform uses edge computing and artificial intelligence to process sensitive user data locally, before it leaves the user’s device, which helps organizations comply with local data privacy laws across jurisdictions.”

iComplyKYC is a next-generation, web3 ready, KYC solution that is built from the ground up to support true data privacy and can be deployed within minutes. All of this is designed to save clients money on implementation and ongoing maintenance while allowing operations teams to gain a 360-degree view of identity resolution, KYC and AML compliance, and ongoing access management.

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About iComply Investor Services Inc.
iComply Investor Services Inc. (“iComply”) is a global compliance software provider that helps businesses reduce the cost and complexity of user authentication KYC and AML operations while providing a seamless experience to their users. iComplyKYC allows operations teams to centrally control how each KYC portal will securely gather, validate, and encrypt client data and documentation before it leaves their device. By partnering with multinational technology vendors such as Microsoft, DocuSign, Thomson Reuters, and Refinitiv, iComply is bringing compliance teams into the digital age. Learn more: www.icomplyis.com

Enhancing Security with Liveness Detection Technology
Enhancing Security with Liveness Detection Technology

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In an era where digital fraud is increasingly sophisticated, liveness detection technology has emerged as a critical tool for enhancing security. This technology ensures that the biometric data provided during identity...

iComply Now Listed in the FINRA Compliance Vendor Directory

iComply Now Listed in the FINRA Compliance Vendor Directory

by | Jul 28, 2020 | AML - Anti-Money Laundering, Asset Managers, Blog, In The News, Industries, KYB - Know Your Business, KYC - Know Your Customer, Press Releases, Solutions

Vancouver, B.C. – July 28, 2020 – iComply Investor Services (“iComply”), a leading regtech software provider, is pleased to announce its listing in the Financial Industry Regulatory Authority (FINRA) Compliance Vendor Directory, which features vendors offering products, solutions, and services to firms overseen by the US regulator. 

“iComply is dedicated to making the financial markets more robust, secure, and efficient,” said Matthew Unger, CEO and Founder of iComply Investor Services. “This listing in the FINRA Compliance Vendor Directory is an exciting moment in the company’s history as we continue to expand our client base and work with US firms to digitize their back office.”

iComply’s compliance management solutions offer institutional-grade identification and risk mitigation tools that support the complete AML compliance lifecycle for clients in industries ranging from professional services to online banking, capital markets, payment processing, trading platforms, virtual assets, as well as government and enterprise.

FINRA is an independent, government-authorized, not-for-profit organization that oversees U.S. broker-dealers. FINRA works under the supervision of the Securities and Exchange Commission (SEC) and writes and enforces rules, examines firms for compliance, fosters market transparency, and educates investors.

The Compliance Vendor Directory features companies specializing in: compliance consulting, cybersecurity, data management, information archiving, exam prep & firm CE, insurance brokers, monitoring & surveillance, PCAOB registered accountants, and registration services.

About iComply Investor Services Inc.
iComply Investor Services Inc. (“iComply”) is a Regtech company that provides fully-digital KYC and AML compliance solutions for non-face-to-face financial and legal interactions. iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience. By partnering with multinational technology vendors such as Microsoft, DocuSign, Thomson Reuters, and Refinitiv, iComply is bringing compliance teams into the digital age. Learn more: www.icomplyis.com

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Enhancing Security with Liveness Detection Technology

Nov 15, 2024

In an era where digital fraud is increasingly sophisticated, liveness detection technology has emerged as a critical tool for enhancing security. This technology ensures that the biometric data provided during identity...

Microsoft Partners with iComply to Enable Remote KYC and AML Verification

Microsoft Partners with iComply to Enable Remote KYC and AML Verification

by | Apr 14, 2020 | Blog, In The News, Press Releases

Microsoft Partners with iComply to Enable Remote KYC and AML Verification

Partnership provides financial service providers, financial planners, law firms, mortgage brokers and insurance agents with a full suite of tools to serve clients without face-to-face meetings

Vancouver, B.C. – April 14, 2020 – iComply Investor Services (“iComply”), a leading regtech software provider, is announcing it has partnered with Microsoft to offer its intelligent KYC and AML services through over 64,000 Microsoft solutions providers worldwide. This enables financial services providers to fast track their digital transition and enable a contactless customer journey.

Now available through Microsoft’s Appsource and the Azure Marketplace, iComply’s KYC Essentials solution enables businesses to quickly deploy banking-grade identity verification and AML screening tools directly into their website, mobile app, or client portal. 

“Businesses that rely on face-to-face interactions for client onboarding and identity verification need help to close these gaps in their digital operations,” said Matthew Unger, CEO of iComply. “iComply enables businesses to securely deploy unique compliance workflows with clicks, not code, reducing cost and manual processes.”

iComply’s compliance tools can be set up within days and do not require developers or downloadable apps. By verifying the user’s identity “client-side,” iComply ensures personal data is protected and never has to leave the device to be authenticated. This innovation in privacy reduces liability, cost, and helps to identify fraud early. 

“It’s common for digital onboarding services to send user’s data into unknown jurisdictions or employ hundreds of people to review photos manually for face matching. Conversely, our verification tool uses artificial intelligence for verification and facilitates unique AML workflows by jurisdiction to improve compliance, scalability, accuracy, cyber-security, and unit economics,” added Unger.

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Learn more about iComplyKYC

 

About iComply Investor Services Inc.
iComply Investor Services Inc. (“iComply”) is a Regtech company that provides fully-digital KYC and AML compliance solutions for non-face-to-face financial and legal interactions. iComply enables financial services providers to reduce costs, risk, and complexity and improve staff capacity, effectiveness, and customer experience. By partnering with multinational technology vendors such as Microsoft, DocuSign, Thomson Reuters, and Refinitiv, iComply is bringing compliance teams into the digital age. Learn more: www.icomplyis.com 

Enhancing Security with Liveness Detection Technology
Enhancing Security with Liveness Detection Technology

Nov 15, 2024

In an era where digital fraud is increasingly sophisticated, liveness detection technology has emerged as a critical tool for enhancing security. This technology ensures that the biometric data provided during identity...

The Economist + iComply: Banking on Blockchain

The Economist + iComply: Banking on Blockchain

by | Oct 28, 2019 | Blog, Events, iComply Insights, In The News

The Economist + iComply: Banking on Blockchain

As Seen In: The Economist and iComply – Banking on Blockchain

This September, iComply Investor Services partnered with The Economist on their Future Banking and Payments series to publish our “Banking on Blockchain” article covering the latest industry data regarding tokenization and blockchain technologies, and dispelling the broad misconceptions that people hold about this emerging digital market.

As the world of finance becomes increasingly automated, institutions will be required to maintain stricter regulations on how their digital systems handle customer data, financial models, and compliance reporting.

Using a blockchain, companies can open the door to comprehensive, intuitive business practices–spending 80-95% less on administration to automatically manage clearing, transfers, settlements, and compliance, at 1/160th of the time it typically takes in the public markets.

Addressing some of the key falsehoods about tokenization, iComply dives deep into proven industry insights regarding how tokenization is helping businesses save time, effort, and money on their compliance. 

To read the full article at The Economist, click here.

iComply Investor Services (iComply) is an industry leading and award winning Regtech (regulatory technology) company specializing in compliance automation for digital finance. Our suite of enterprise solutions helps companies overcome the cost and complexity of multi-jurisdictional compliance to effectively access new markets and opportunities.

iComply to Power Global Compliance for Digital Assets on Hedera Hashgraph Public Distributed Ledger

iComply to Power Global Compliance for Digital Assets on Hedera Hashgraph Public Distributed Ledger

by | Feb 26, 2019 | Blog, In The News, Press Releases, Web3

Vancouver, B.C. – February 26, 2019 – iComply Investor Services (“iComply”), a regulatory technology firm offering software that automates global compliance requirements for digital assets, is announcing that it will be releasing integrations for Hedera Hashgraph, a public, distributed ledger platform.

This will include integrations for both iComply’s Prefacto trade management protocol and iComplyKYC product. These integrations will make it easy for developers to implement banking-grade governance, risk, and compliance programs globally. This will also enable financial institutions to adopt and benefit from decentralization.

“For Hedera developers, this means that investors, both corporations and individuals, can be quickly screened and onboarded,” said iComply CEO, Matthew Unger. “Further, globally compliant digital assets such as equity, debt, derivatives, or utility tokens can be created and issued in minutes and have their compliance automatically managed throughout the life of the asset.”

Hedera Hashgraph is a public distributed ledger for building decentralized applications that is recognized for being fast and secure.

“Hedera’s speed and security make it a powerful tool for use in global capital markets. Even with scaling layers, Ethereum’s current speed of 15 transactions per second cannot handle public market transaction volumes,” said Matthew Unger, CEO of iComply.

According to 2017 World Bank data, the U.S. capital markets alone perform 40 billion daily transactions, requiring over 230 billion compliance recordings each day.

Anyone issuing digital securities – including hedge funds, securities exchanges, and financial institutions – using Hedera Hashgraph and iComply will benefit from iComply’s banking-grade compliance, risk, and intelligence tools paired with Hedera’s security and speed.

“We are excited that iComply has chosen to integrate their services with Hedera and give our community access to banking-grade compliance, risk, and financial intelligence data,” said Jordan Fried, VP of Global Business Development at Hedera Hashgraph. “Further, this will allow us to better serve financial institutions, and enable a broader range of institutional grade applications to be built, to streamline and reduce operating costs in financial services.”

iComply’s award-winning products enable investor onboarding in seconds, while ensuring adherence to local regulatory standards with its robust, global KYC and BSA solution. Securities issuers, dealers, and fund managers can automatically populate, track, and account for every investor, document, and transaction for the life of a client, reducing human error and costs by up to 98%.

iComply is the trusted compliance partner for asset tokenization and securitization to 64 leading legal, accounting, and advisory firms spanning 84 countries.

“From an enterprise financial services perspective, Hedera Hashgraph and iComply are a powerful combination of high performance, secure, and autonomous record keeping and reporting for public markets,” added Unger. “As the race to institutionalize blockchain continues, this integration will enable iComply to meet the cybersecurity and performance demands of even the highest volume securities exchanges and tier-one financial institutions.”

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About iComply Investor Services Inc.
iComply Investor Services Inc. (iComply) is an award-winning software company focused on reducing regulatory friction in the capital markets. With powerful data, verification, tokenization solutions, iComply helps companies overcome the cost and complexity of multi-jurisdictional compliance to effectively access new markets. Learn more: iComplyIS.com

Enhancing Security with Liveness Detection Technology
Enhancing Security with Liveness Detection Technology

Nov 15, 2024

In an era where digital fraud is increasingly sophisticated, liveness detection technology has emerged as a critical tool for enhancing security. This technology ensures that the biometric data provided during identity...