FinTech news in KYC category

Beyond those new offerings, in what is perhaps the most surprising new news to come out of the company today, Plaid said it is also hoping to turn new users into active customers through account funding, which will give people a way to pay, or be paid, for goods and services.

A few months after raising $1 billion, payments startup Checkout.com has announced that it plans to acquire French startup Ubble, which operates a remote identity verification service. When looking at digital identity verification startups, Checkout.com had a few criteria, such as accuracy, speed of decision, how many types of different frauds they can detect and how sophisticated it is. Following this acquisition, there could be some customers that start their relationship with Checkout.com through identity verification.

Powered by this seed funding led by MaC Venture Capital, Identitypass plans to expand its existing infrastructure, roll out new verticals around compliance, security and data collection, and push into new African countries. These end points are government-approved IDs, such as national IDs, driver licenses, international passports, bank verification numbers (BVN), phone numbers, vehicle plate numbers, debit cards, security watchlists and tax history.