Latest News

April 11, 2017 IdentityMind Global Opens Offices in Mexico City as Part of Global Expansion

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March 27, 2017 Article by IdentityMind Global CEO Garrett Gafke featured on Forbes

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March 21, 2017 IdentityMind Global Adopts Privacy Shield For Continued EU-US Data Privacy Regulation Compliance

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March 8, 2017  New IdentityMind Platform Release Makes RegTech and Machine Learning Accessible to All

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March 2, 2017  IdentityMind Named in Top 100 RegTech Power List

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February 25, 2017  IdentityMind Global Listed as Top RegTech Companies in the US Driving Down Compliance Costs to Enable Innovation

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December 22, 2016  IdentityMind Global VP of Marketing & Product featured in PYMNTS Year-End Review

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December 6, 2016  IdentityMind Global and AU10TIX Partner to Enhance ID Fraud Detection and Speed-Up Customer Onboarding in E-Commerce

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November 17, 2016  IdentityMind Granted Patent for Digital Identities

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October 25, 2016  IdentityMind Global and Neoway Double Down on RegTech

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October 25, 2016  IdentityMind and Neoway Providing AI-Regtech Tie-Up

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October 4, 2016  IdentityMind in PYMNTS: Fighting Online Fraud Through eDNA

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October 3, 2016  IdentityMind Named one of 50 Smartest Companies of the Year by The Silicon Review

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September 27, 2016  IdentityMind Named in 30 Top Fintech Startup to Watch in 2017

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September 26, 2016  IdentityMind Launches Weave, A New Sanctions Screening Solution

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September 13, 2016 IdentityMind named 5 Top RegTechs in Client and Counterparty Identification

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September 1, 2016 IdentityMind Announces Identity Graph Intelligence

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July 7, 2016 IdentityMind Named an International RegTech Companies Defining the $100-Billion-Dollar Industry

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June 27, 2016 IdentityMind in PYMNTS on Reducing Bank Risk

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June 15, 2016 IdentityMind Global Named Top 20 Most Promising Risk Management Solution Provider by CIO Review Magazine

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May 24, 2016 IdentityMind Global Announces IDMPay, a Risk-Managed Payment Gateway for Online Merchants and FinTech Companies

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May 10, 2016 IdentityMind Global Names William S. McKiernan to its Advisory Board

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April 22, 2016 IdentityMind Global CEO Garrett Gafke Published in CIO Review

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April 11, 2016 IdentityMind Global Issues 10 Best Practices for Fraud Mitigation in Lending Onboarding Process

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March 31, 2016 IdentityMind Global welcomes Edward J. Zander to Board of Advisors

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March 3, 2016 IdentityMind Global Partners with ONPEX to offer Risk-Managed Payment Platform for e-Commerce and FinTech Companies

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March 2, 2016 IdentityMind Global Featured in PYMNTS on solving Onboarding Risk

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February 17, 2016 IdentityMind Global Announces ONBOARD: Simplifying Account Protection and Compliance for FinTech Companies

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February 10, 2016 IdentityMind Global and Mitek Partner to Provide Worldwide ID Document Verification for Emerging Fintech Businesses 

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January 26, 2016 IdentityMind in Cointelegraph 

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January 14, 2016 IdentityMind CEO Interviewed by PYMNTS.com

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December 16, 2015 IdentityMind Named one of 21 Hottest RegTech Startups That Are Defining the Industry

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December 10, 2015 Record Growth in 2015: The FinTech Market Embraces IdentityMind’s Trusted Digital Identities

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November 16, 2016 IdentityMind Global Ranked as Most Promising Solution Provider in CIO Review’s 2015 Compliance Issue

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November 10, 2015 IdentityMind Appoints Jim Aviles, Former COO of Merchant e-Solutions and Former Senior Vice President of Technology and Product at Bank of America, to Board of Advisors

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October 13, 2015 IdentityMind Global Ranked as 2015 FinTech Forward Company to Watch by American Banker & BAI

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September 29, 2015 IdentityMind Appoints Timothy McCarthy, Former President of Charles Schwab and Nikko Asset, to Board of Advisors

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August 27, 2015 IdentityMind Announces Version 1.20

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August 20, 2015 IdentityMind Global Announces Merchant Sentinel

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June 24, 2015 IdentityMind Global Appoints Robert Selander to Board of Advisors

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June 10, 2015 IdentityMind Global™ Provides Bitlicense Compliance for Digital Currency Administrators, Exchanges, and Traders

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May 26, 2015 IdentityMind Introduces Platform Version 1.19 Synchronizing Risk Management Across Fraud Prevention and Regulatory Compliance

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May 12, 2015 IdentityMind Global Appoints Dr. David Asher to Board of Advisors

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April 24, 2015 AlphaPoint and IdentityMind Global Partner to Provide Compliant White Label Bitcoin Exchange Solution Worldwide

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April 21, 2015 IdentityMind Global Opens Washington Office to Expand Operations in Pacific Northwest

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March 31, 2015 Mozido Invests in IdentityMind Global, Forms Partnership for Unprecedented Fraud Protection in Mobile Commerce

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March 25, 2015 SBT Venture Capital investment partners with IdentityMind Global to increase further adoption of their risk management platform in the european FinTech market.

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March 16, 2015 IdentityMind Global™ closes oversubscribed financing round. The round was led by Lakewood & Company, with funding from Mozido, SBT Capital, Cybernaut, and Benhamou Global Ventures, and will support our expanding sales and international operations.

Read the full press release here.

February 10, 2015 IdentityMind Global™ Releases v1.18, with support for Enhanced Due Diligence (EDD) for beneficial ownership, expansion of the third party ecosystem, and improved Know Your Customer (KYC) services to prevent account fraud.

Read the full press release here.

October 23, 2014 IdentityMind Global™ Partners with Lamassu Bitcoin Ventures to Provide Fast, Fully Compliance Bitcoin ATM Machines Worldwide

IdentityMind Global partners with Lamassu Bitcoin Ventures, the largest distributor of Bitcoin ATMs, to provide integrated compliance services for Bitcoin ATM operators worldwide

Read the full press release here.

October 6, 2014 IdentityMind Global™ Announces 25th Bitcoin Client, Demonstrating Value of Compliance Platform for Virtual Currency Businesses

IdentityMind Global’s Anti-Fraud and Risk Management platform provides 25 Bitcoin and Virtual Currency Businesses with Know Your Customer (KYC), Sanctions Screening, Transaction Monitoring, and Anti-Fraud services, all in one affordable compliance solution.

Read the full press release here.

September 29, 2014 IdentityMind Global™ releases Accurate and Actionable Sanctions Screening As Part of its Flagship Fraud and Risk Management Platform

IdentityMind Global delivers revamped sanctions screening as part of its international KYC (Know Your Customer) services, helping cryptocurrency companies, financial institutions, Money Service Business (MSBs), PSP’s and Money Transmitters throughout the world comply with domestic and international regulations.

Read the full press release here.
September 17, 2014 IdentityMind Global™ releases ROOT, a Payment Services Program Designed Specifically for Nutraceutical Merchants

IDMPay, the payments division of IdentityMind Global, released ROOT today, a program offering groundbreaking integrated payment and risk management services for e-commerce Nutraceutical merchants. The program provides multiple MIDs both domestically and internationally, offering discriminate pricing based on the risk associated with the business model. The program also includes access to IdentityMind Global’s Anti-Fraud and Risk Management Platform, giving merchants the tight controls to reduce chargebacks from card fraud and friendly fraud, and consulting services to develop customer support strategies that minimize misinterpretation of business models and account management procedures.

Read the full press release here.

July 9, 2014 –  IdentityMind Global™ Receives Safe Harbor Certification and Expands Anti-Money Laundering Solutions for Cryptocurrencies and Money Transmitters Worldwide

Palo Alto, CA

IdentityMind Global announced today the international expansion of their Anti-Money Laundering (AML) solution for Bitcoin and altcoins, including their low-cost IGNITE program for Bitcoin start-up companies.

With the newly awarded European Union Safe Harbor certification, the IdentityMind Global AML solution can receive and store user information, expanding services throughout the 28 nations in the EU, as well as any other European nation that has adopted EU standards.

“We are proud to extend our industry-leading Bitcoin compliance solution to new customers around the globe,” said Garrett Gafke, IdentityMind Global CEO and President. “We have taken the different requirements of various countries into account when growing our solution. Thanks to customer input and our regulatory expertise, we’ve built a platform that can support Bitcoin companies nearly anywhere in the world.”

Read the full press release here.

 

June 12, 2014 – Uncover Money Laundering Activities Faster and More Accurately with IdentityMind Global Platform v1.16

Palo Alto, CA

IdentityMind Global™ is proud to announce Version 1.16 of its flagship Anti-Fraud and Risk Management Platform. The latest version enhances the platform’s anti-money laundering (AML) and anti-fraud capabilities with improved features for transaction monitoring, Know Your Customer (KYC), and automated analysis.

“Innovation never stops,” said Garrett Gafke, IdentityMind Global CEO and President. “We have worked hand in glove with customers to build the tools they need to protect and grow their businesses. With a priority on customer input, and our in-depth understanding of the industry, we’re continuing to improve upon our already world-class platform.”

Read the full press release here.

 

June 12, 2014 – IdentityMind Global Unveils Compliance Webstore, accepting bitcoin as payment in IGNITE™ program for Bitcoin Startups

Palo Alto, CA

IdentityMind Global™ unveiled the IGNITE™ program for Bitcoin startups at the InsideBitcoins™ conference in New York earlier this year. The program helps Bitcoin Startups jumpstart their compliance program by providing low-cost access to the most comprehensive KYC and transaction monitoring solution available for Anti-Money Laundering. Regulatory issues have remained a central obstacle for Bitcoin businesses. The IGNITE™ program allows startups to demonstrate their awareness and preparation for any incoming regulation proposed by governing bodies, and begin building the banking relationships they need to accelerate launch.

To further streamline the enrollment process, IdentityMind Global has launched today an online store where companies can sign up for the program and pay using bitcoin. Companies can enroll at http://www.identitymindglobal.com/ignite

“Young companies have found the IGNITE Program to be an effective and a cost-efficient solution for developing their compliance program” said Garrett Gafke, IdentityMind Global CEO and President. “To date we have integrated over half a dozen companies, and we have another dozen in the staging phase. We have exchanges, wallet hosting, bitcoin processing, crowdfunding, and prepaid cards among them. Some are operating internationally, and a few are on the bleeding edge in terms of business models. IGNITE is filling their needs at a reasonable price”.

Read the full press release here.

 

May 15, 2014 – IdentityMind Global Strengthens Market Position in Anti-Money Laundering (AML) and Anti-Fraud with Version 1.15 of its Flagship Risk Management Platform

Palo Alto, CA

IdentityMind Global™ announced today Version 1.15 of its flagship Anti-Fraud and Risk Management Platform. This version enhances key aspects across the platform, introducing document and SMS text verification during the consumer validation process, adding tuning and rules to the AML analytics to reduce false positives, and incorporating multiple geo-location related anti-fraud rules to automate the manual review process.

“We are innovating across our entire platform,” said Garrett Gafke, IdentityMind Global CEO and President. “We are growing rapidly in all applications. By listening to our customers, we’re carefully building and expanding on the features that make them operationally efficient and successful, while keeping track of our innovation goals.”

The new version of the platform includes features and improvements in the following areas:

1. Transaction Monitoring for Money Service Businesses (MSB’s) and Money Transmitters- specifically Bitcoin related businesses. With improved rules for excessive incoming and outgoing fund transfers. Version 1.15 supplements the current offering with additional search filters allowing clients to set more focused alerts based on both dollar amount, and percentage of the transaction.

2. Automated Review Engine with added rules to further reduce manual reviews. Particular customers who applied the expanded rule set in historical data showed an additional 30% reduction in manual reviews. The updated set includes specific analysis for disparate geo locations from billing addresses, issuing countries, and the ability to exclude re-bills from anti-fraud scrub.

3. Document Verification. Integration of Jumio™ document verification services for KYC and Anti-Fraud services. Jumio’s Netverify turns a user’s smartphone or computer into an ID scanning terminal, making it fast and easy to capture and verify consumers’ government identifications – including passport, driver license, ID card or utility bill – for more than 100 countries worldwide.

4. Visual Analysis. Updated Entity Graph improves manual review process by highlighting key findings from the analysis of the entities’ key relationships and attributes that may have been classified as fraudulent.

This version of the platform is immediately available to clients worldwide. For more information about the features in this release, or the overall IdentityMind Global platform, please contact: evangelist@identitymind.com or sales@identitymind.com.

Read the full press release here.

 

May 1, 2014 – IdentityMind & IDMPay align as IdentityMind Global

Palo Alto, CA

Earlier this year IdentityMind Global™ launched IDMPay as an individual organization providing payment services with robust anti-fraud based on the IdentityMind™ Anti-Fraud and Risk Management Platform.

Now, management is further strengthening the relationship between IdentityMind and IDMPay by combining both companies’ executive management and leadership under IdentityMind Global. IdentityMind Global will continue offering the IdentityMind™ Anti-fraud and Risk Management Platform under its IDMRisk product division, while offering payment services under its IDMPay division.

The realignment of leadership simplifies the integration of risk management technology into payments operations, and supplements the operational capabilities of the anti-fraud and risk management platform with first hand expertise. This will be a critical strength as the company continues to process for thousands of merchants.

Read More detailed information about the expansion.

Current IdentityMind and IDMPay customers will be automatically reassigned under IdentityMind Global, and the alignment of leadership will not affect any contract or customer service.

Please feel free to send us your comments, questions, or any other inquiries you may have via emailTwitter, or LinkedIn. Your feedback is always welcomed and appreciated.

 

April 8, 2014 – IdentityMind Global™ and Jumio™ Partner to Enhance IdentityMind’s Platform Know Your Customer (KYC) Services

Palo Alto, CA

IdentityMind Global™ and Jumio™, the fast growing credentials management company, announced a partnership to provide e-commerce retailers, financial institutions, and payment service providers (PSPs) with an integrated solution designed to minimize account fraud, reduce merchant risk, and provide financial institutions with Know Your Customer (KYC) capabilities to comply with Federal, Card Brands, and Banks’ regulations.

Jumio’s Netverify turns a smartphone or computer into an ID scanning terminal that makes it fast and easy to capture and verify consumers’ credentials – a passport, driver’s license, ID card or utility bill in more than 100 countries worldwide – to meet KYC requirements and reduce fraud. Jumio’s Netverify is fully integrated into IdentityMind’s™ Anti-Fraud and Risk Management Platform.

Read more detailed information about this latest software release here..

 

April 7, 2014 – IdentityMind Global™ Announces the IGNITE program: Accelerated Compliance for Bitcoin Startups

Palo Alto, CA

IdentityMind is proud to announce IGNITE, a specialized program to provide Bitcoin start-up companies with KYC and Transaction Monitoring technology for Anti-Money Laundering compliance. IGNITE provides the protection, processes, visibility, and reporting required to build relationships with traditional banks and financial institutions, simplifying the regulatory process and accelerating entry to market for digital currency startups.

IGNITE includes:

  • Simple onboarding process allowing companies to quickly begin processing transactions.
  • Low, flat rate fee for the first 6 months.
  • Single integration point to access more than 15 third-party providers of data and technology
  • Full transaction monitoring & KYC compliance program offering
  • Ability to pay directly with Bitcoin, Credit Card, or Paypal through a new full-service webstore.
  • Ability to leverage knowledge from IdentityMind Global’s network of Bitcoin companies

Read more detailed information about this latest software release here..

 

January 23, 2014 – IdentityMind Compliance Platform for Bitcoin featured on CardNotPresent.com

Read more about our newly-released compliance platform for Money Services Businesses, featured on CardNotPresent.com here..

 

January 22, 2014 – Cost-Effective Anti-Money Laundering Solutions – Release 1.14

Palo Alto, CA

IdentityMind is proud to announce release 1.14 of its flagship Anti-Fraud and Risk Management Platform, enabling Money Services Businesses (MSB’s), including Bitcoin related businesses, to comply with regulatory requirements related to Transaction Monitoring, Know Your Customer (KYC), and Anti-Fraud.

This release includes the following new features:

  • Builds on the platform’s transaction monitoring and implements big data analysis to uncover money laundering activities in Money Transmitters and Money Services Businesses regulated by FinCEN, including Bitcoin exchanges.
  • Enables Money Services Businesses to comply with regulatory requirements related to Transaction Monitoring, Know Your Customer, and Anti-Fraud.
  • Allows Bitcoin exchanges and other Bitcoin institutions to establish the strong banking relationships they need to survive in the United States.
  • Ability to set configurable alerts when it detects suspicious activities related to:
    • Funding Bitcoin wallets from credit cards or bank accounts.
    • Transferring money between Bitcoin wallets
    • Withdrawing from bank accounts or from a Bitcoin wallet
    • Wiring money between bank accounts.
  • Unparalleled visibility into transactions.

Read more detailed information about this latest software release here..

 

November 4, 2013 – IdentityMind Anti-Fraud and Risk Management Platform – Release 1.13

Palo Alto, CA

IdentityMind, the on-demand platform providing fraud prevention, verification of consumer account origination, identity verification, and anti-money laundering for the e-commerce ecosystem, is proud to announce release 1.13 of its flagship Anti-Fraud and Risk Management Platform.

This new release addresses some of the challenges imposed by digital currencies, improves our product offering in the Consumer Account Verification space, and represents a very important step forward in our journey to become the most advanced fraud prevention and risk management solution available in the market.

IdentityMind’s Release 1.13 includes the following new features:

  • Strengthening the support for Customer Identification Programs (CIP) and transaction monitoring for money transmitters institutions that are required to meet the Anti-Money Laundering (AML) regulations imposed by FinCEN (Financial Crimes Enforcement Network). We developed the Identification Funnel framework which allows customers to structure a CIP program to meet their business requirements, including a report to measure the effectiveness of the program. In addition, it builds specific support for funding, transfer and withdrawal transactions, key for transaction monitoring, along with specific support for Bitcoin’s digital wallets and ACH payments.
  • Reducing the number of transactions scheduled for manual review during anti-fraud evaluation by introducing the Automated Review Policy. Early testing has shown reductions of 30% of the total manual review orders.
  • Expands in the support for “transfer transactions”. These transactions model the movement of money across different types of accounts. Specifically we’ve built support for BitCoin exchanges and other money transmitters.
  • We introduce additional payment instruments: BitCoin wallets and bank accounts. This addition allows the system to monitor specific characteristics for BitCoin P2P transactions, and ACH payments.
  • Better packaging for supporting consumer application evaluation.
  • Expanding support for additional Payment Gateways.

If you would like to learn more about all the features included with our Anti-Fraud and Risk Management solution, contact us now to Schedule a Demo.

 

7 October 2013 – Cost-Effective Bank Secrecy Act Compliance For Digital Currency Companies

Palo Alto, CA

CoinComply and IdentityMind have announced a partnership to provide the first integrated Know Your Customer (KYC), transaction monitoring, and case management enterprise solution for digital currency companies to perform automated identity verification and transaction monitoring as part of a Bank Secrecy Act (BSA) program.

CoinComply, a consultancy specializing in digital currency companies, developed an integrated AML program that addresses the 4 pillars of BSA Programs: (1) internal controls, (2) designated compliance officer, (3) training, and (4) independent testing. IdentityMind’s flagship on-demand Anti-Fraud and Risk Management Platform offers integrated KYC, transaction monitoring, sanctions screening, and case management.

The combined solution will offer automated reporting specific to the BSA program established by CoinComply that addresses anti-money laundering rules and regulations.

Read the complete Press Release.

 

6 September 2013 – IdentityMind Anti-Fraud and Risk Management Platform – Release 1.12

Palo Alto, CA

IdentityMind is proud to announce release 1.12 of its flagship Anti-Fraud and Risk Management Platform.
Release 1.12 improves the evaluation of identities as part of the account origination for consumers and merchants. It introduces the evaluation of fraud associated with affiliates and enhances the API to support fraud detection based on mobile subscriber location.

“This is yet one of our most exciting releases to date. We are providing the initial steps for merchants to address two key areas in fraud and risk: Affiliate Fraud and Mobile Fraud”, said Jose Caldera, IdentityMind’s VP of Marketing and Products.

Read the complete Press Release.