Identity verification company Youverify extends seed funding to $2.5M as it expands across Africa – TechCrunch

This past month has seen several African fintechs such as Flutterwave and Union54 make headlines for compliance checks and fraud issues. Both unlinked events re-emphasize the importance of know your customer (KYC) and anti-money laundering (AML) checks and why regulators enforce strict policies that financial institutions need to be held accountable to while operating across…

Identity verification company Youverify extends seed funding to $2.5M as it expands across Africa – TechCrunch

This past month has seen several African fintechs such as Flutterwave and Union54 make headlines for compliance checks and fraud issues. Both unlinked events re-emphasize the importance of know your customer (KYC) and anti-money laundering (AML) checks and why regulators enforce strict policies that financial institutions need to be held accountable to while operating across…

Telit to acquire Thales’ IoT unit for 25% of expanded, rebranded industrial IoT business

Italian-American IoT module maker Telit is to acquire the cellular IoT unit of French aerospace, defence, and security company Thales in return for a quarter-share of its expanded industrial IoT business. Thales will take a 25 percent stake in the expanded Telit business, headquartered in California, which will be rebranded as Telit Cinterion. Telit’s automotive…