iComply Investor Services Named a CyberTech100 Company for 2021

iComply Investor Services Named a CyberTech100 Company for 2021

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

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

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

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

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

iComply Launches Digital Compliance Administration Platform for $181 Billion KYC and AML Market

iComply Launches Digital Compliance Administration Platform for the $181 Billion KYC and AML market

The updated iComplyKYC platform leverages edge computing and AI to support onboarding and identify verification for legal entities and natural persons

Vancouver, B.C. – December 15, 2020 – iComply Investor Services (“iComply”), a global compliance software provider, is announcing that it is launching an updated version of its iComplyKYC platform for digital compliance administration that now supports the onboarding and authentication of legal entities and natural persons as a part of its all-in-one compliance solution.

Unlike existing electronic identification (e-ID) solutions that require tools from multiple vendors and manual processing for B2C and B2B customer due diligence, iComplyKYC offers a standalone system to manage the full lifecycle of KYC and AML administration for each client.

Globally, AML spend by financial services providers grew to over $181B USD a year in 2019, according to a 2020 report from Compliance Week.

“The latest directives from the Financial Action Task Force (FATF) have broadened AML requirements to include law firms, accounting, eCommerce, luxury sales and M&A transactions,” said Matthew Unger, CEO of iComply. “Further, new requirements for work-from-home have complicated the day-to-day compliance operations of most of the market, and ‘digital first’ is no longer a nice-to-have, but a necessity.”

Remote workforces and lockdowns have forced businesses to implement digital solutions for client onboarding, identification, and AML risk management.  iComplyKYC can service law firms, accounting firms, eCommerce platforms, mortgage brokers, and other industries regulated by the AML-5 directive. iComply estimates the global AML spend will exceed $300B USD by 2022.

The platform leverages edge computing for GDPR, PIPA, PPIA, and CCPA risk management. This means that the updated iComplyKYC platform enables companies to gather, authenticate, and encrypt user data via dynamic KYC Portals before that data leaves the user’s device. 

KYC services on the platform also include AI-enabled identity verification, biometric authentication, DUNS, and GLEI validation, supporting document workflows, and AML screening across 150 million daily sources. Compliance teams can access all results in a single dashboard to make better decisions, quickly manage issues, and generate reports.

“Integrating edge computing and artificial intelligence into the KYC portal reduces the total cost of compliance and improves user privacy, cybersecurity, and straight-through processing capabilities,” added Unger. “Businesses can no longer afford to mess with half a dozen onboarding tools and APIS, the market needs a banking grade digital identity and risk management solution that can be set up in hours.”

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

iComply Now Listed in the FINRA Compliance Vendor Directory

iComply Now Listed in the FINRA Compliance Vendor Directory

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

iComply and Quantoz to Power Stablecoin Blockchain Applications for Financial Service Providers

iComply and Quantoz to Power Stablecoin Blockchain Applications for Financial Service Providers

iComply and Quantoz to Power Stablecoin Blockchain Applications for Financial Service Providers

Partnership enables organisations to launch compliant business processes on public blockchains without the need for technical knowledge of digital wallets or blockchain technology

Vancouver, B.C., and Utrecht, NL – April 20, 2020 – iComply Investor Services (“iComply”), a regtech leader in compliance for financial services providers, and Quantoz N.V., the provider of NEXUS, a SaaS platform that enables compliant fiat-to-virtual asset transfers, are announcing their shared solution to address the technical and compliance challenges that regulated firms face when using public blockchains.

Stablecoins – digital assets that are secured by real-world assets such as fiat currency – are being explored by central banks in Canada, the United Kingdom, and the European Union as one of the most promising applications for blockchain technology in finance. Compared to physical currency, stablecoins provide lower operating costs, increased transparency, and real-time reconciliation capabilities as a new form of contactless cash.

While hundreds of new ventures have launched blockchain solutions, most struggle with maintaining their accounting, reporting, and compliance to an institutional standard. This results in many innovative projects failing, due in large part to their failure to meet regulatory requirements.

Henri de Jong, Co-founder and Chief Business Development Officer of Quantoz, said: “Companies operating in the blockchain space, are increasingly subject to regulation. Cooperation with iComply helps our NEXUS customers to dynamically comply with regulatory rules and procedures across multiple jurisdictions.”

Integration of the NEXUS platform with iComply’s intelligent AML management solution will allow financial services providers to mitigate compliance risk while using public blockchains. This compliance-by-design methodology enables firms to identify risk, automate transaction monitoring, and scale back-office operations.

“In order to successfully manage a stablecoin, the issuer needs to manage complicated technical, regulatory, and compliance requirements,” said Matthew Unger, CEO of iComply. “By integrating NEXUS with iComply we can help private banks, corporations, and central banks to easily test and deploy digitally native assets.”

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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

About Quantoz:
Quantoz enables its clients to easily integrate tokens into their business with NEXUS, a SaaS solution that connects traditional financial “fiat money” with public blockchains.

 

iComply Contact Info:
Matthew Unger, CEO [email protected]
Vancouver, Canada

Quantoz Contact Info:
Nick Haasnoot, CEO [email protected]
Utrecht, Netherlands

Microsoft Partners with iComply to Enable Remote KYC and AML Verification

Microsoft Partners with iComply to Enable Remote KYC and AML Verification

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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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