Confide Platform Finalist for RegTech and Startup of the Year
Weekly news up to Tuesday, 1st July 2025
Hello RegTech Enthusiasts!
Let's kick things off with some exciting news: my portfolio company, Confide Platform, has been nominated for the Asia FinTech Awards in not just one, but two categories: RegTech of the Year and Startup of the Year.
A huge congratulations to the entire team, and especially to the brilliant founders, Pav Gill and Ryan Dougherty. It's another strong signal that I'm not the only one who sees a bright future ahead for these guys.
The winners will be announced in late August. I'll keep you posted!
👀 NEWS HIGHLIGHT
This collaboration will enable seamless, secure, and efficient identity verification for the company’s more than 1,800 global clients across industries such as financial services, automotive, health, and digital marketing, helping to prevent fraud and cybercrime.
A key feature in Experian’s Identity and Fraud solutions, identity verification, plays a vital role in the fight to prevent fraud and cybercrime. Ninety six percent of decision makers view identity verification as an important tool in preventing fraud, but 27% of businesses report that their current identity verification strategy negatively impacts legitimate customers and their experience.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🔦 REGTECH HIGHLIGHTS
⭐️ CommBank deploys AI-powered bots to fight scams.
⭐️ MAS Fines Five Payment Firms S$960,000 Over AML/CFT Control Failures.
⭐️ I&M Group inks partnership deal with ThetaRay for AML platform.
⭐️ Worldline Mulls Suit Over Media Reports on Alleged Fraud Lapses.
🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
CUBE acquires Acin to launch integrated risk and compliance solution. The acquisition enhances CUBE’s technology stack and market positioning, introducing new capabilities such as automated control-to-regulation mapping, full traceability, and anonymised industry-wide benchmarking.
iDenfy teams up with MN2S to strengthen the identity verification process. Through this partnership, MN2S increases security by enabling real-time identity verification using biometric facial recognition and document scanning. iDenfy's hybrid model integrates AI automation with manual review.
EUROPE 🇪🇺
Coinbase secures MiCA License from Luxembourg’s financial regulator, the CSSF. This permit would enable the U.S.-based exchange to operate across all 27 EU countries under the new EU regulatory framework. This is a pivotal moment for Coinbase, Luxembourg, and Europe’s growing crypto ecosystem.
ASIA
FinTech firm DLocal secures licenses in the UAE, Turkey, and the Philippines. These new licenses contribute to dLocal's expanding portfolio, which includes over 30 licenses and registrations worldwide. Keep reading
NetGuardians and Intix merge to create transaction intelligence firm Vyntra. Vyntra integrates NetGuardians' financial crime prevention capabilities with Intix's transaction data visibility and analytics tech. The combined entity now serves over 130 financial institutions across more than 60 countries
AUSTRALIA 🇦🇺
Sumsub & Data Zoo partner to boost global fraud prevention. By collaborating, both aim to provide a comprehensive solution that will enable institutions and businesses to streamline onboarding and authentication processes, thereby reducing operational inefficiencies and supporting regulatory compliance across jurisdictions.
AFRICA
Flutterwave secures Cameroon licence as part of Africa-wide expansion. The move expands its footprint to over 30 African countries. It follows recent licences in Ghana, Zambia, and Uganda. The licence enables digital payments for global and regional merchants in Cameroon.