Partnership helps fill a critical and costly gap in employee mental health benefits TORONTO–(BUSINESS WIRE)–$LSPK—ALAViDA Health Ltd. (Alavida), a LifeSpeak Inc. company (TSX:LSPK) and leading virtual provider of evidence-based substance use treatment, announced today its pre-disability TRAiL Hello Premium program will now be offered to Green Shield Canada’s (GSC) plan sponsors as an optional addition […]

Sultan Meghji, FDIC's first chief innovation officer, is leaving just one year into the job.

FV Bank today announced its strategic investment in DIRO, developers of the award-winning Original Documents Online™ technology. DIRO's platform provides financial institutions, payment providers, crypto companies, and other enterprises with the ability to quickly and accurately verify any person or document directly from the original trusted online source on a fully global basis. 

FV Bank is integrating DIRO's solution into its account opening protocols to facilitate compliant automation of its Know Your Customer (KYC) and Know Your Business (KYB) processes. With instant external bank account verification, identity verification, proof of address and proof of funds obtained directly from the original trusted web source, FV Bank will be able to streamline its onboarding of international clients.

Commenting on the investment Miles Paschini, co-founder and CEO of FV Bank said: “We're delighted to invest in DIRO — a technology company at the forefront of the identity verification sector. DIRO's instant bank account verification services will help us to further improve our clients' user experience while also strengthening our KYC and AML processes.”

“Working with true pioneers like FV Bank helps us to further build the momentum around DIRO's instant bank account verification platform serving financial institutions around the world,” said Per Jirstrand, co-founder and Chief Revenue & Product Officer at DIRO.

FV Bank's investment follows DIRO's recent patent grant by the US patent office for its Decentralized Document And Entity Verification Engine. DIRO is the only platform provider to offer a robust, compliant solution on a global scale. The technology — which doesn't rely on API integrations with third-party data sources — complies with strict data privacy laws, and is applicable to numerous sectors and verticals from financial services and taxation and insurance, to licensing and healthcare, among many others.

The patented technology reduces risk for companies and institutions resulting from impersonation and altered or fraudulent document submissions through providing blockchain-based provable, auditable, and reportable evidence of KYC and KYB due diligence and compliance.

DIRO's inbuilt user consent and authentication protocols exclude screen scraping or downloading of documents which can then be vulnerable to alteration. Instead, DIRO captures and stores a one-time unique snapshot and hash, ensuring ethical data handling that is compliant across numerous jurisdictions including stringent data privacy legislation such as GDPR and the California Privacy Act.

About FV Bank

FV Bank International is redefining global digital banking by seamlessly integrating traditional banking services with digital asset management. Headquartered in Puerto Rico and licensed and regulated by the Office of the Commissioner of Financial Institutions (OCIF), FV Bank aims to support the growth and unique requirements of Fintech and blockchain companies including exchanges, OTC desks, Liquidity Providers and their clients with products ranging from traditional banking and payments services to digital asset custody and Visa card issuance. For more information, please visit: https://www.fvbank.us/

About DIRO

DIRO, headquartered in New York, is the first Open Banking platform to offer full global coverage. Its technology has won numerous awards, including Citibank's Most Innovative Startup. DIRO participated in the UK's FCA sandbox for KYC in 2019 and has been acknowledged by a number of regulators for its groundbreaking Bank Account Verification technology that helps to prevent money laundering and other financial crimes. 

DIRO's solution allows for instant bank account verification, bank statement verification, bank balances and transactional data, and proof of address via utility companies. Furthermore, its technology can verify individual and corporate identities via government web sources around the world. For more information visit us at https://diro.io/ 

Contacts:

FV Bank International Inc.

Michele McDermott-Fox or David Lewis

The Top Floor Public Relations

michele@thetopflooragency.com or david@thetopflooragency.com 

DIRO — Internet Original Documents, Inc.

Per Jirstrand, Chief Revenue & Product Officer

Email: per@diro.io

The British finance ministry, in coordination with the Financial Conduct Authority (FCA), is set to introduce clear regulations for crypto ads. UK to protect investors from “misleading statements” It is estimated that about 2.3 million people in Britain now have exposure to at least one crypto asset. However, the finance ministry notes that there is […]

The post UK Regulators Announce Better Regulation For Crypto Ads appeared first on CryptoCoin.News.

How Much Does it Cost to Develop an Automotive Mobile App Development? The automotive sector is rapidly moving to the next level of intelligence with autonomous vehicle development and connected car app development. In particular,...

Have you ever thought of mistakes that are mostly committed by property buyers? Knowing them would ensure that real estate transactions can be carried out without any glitches. Read on to know about 5 real estate mistakes buyers must avoid. Approaching without Plan Do not fall into a situation when you buy a house without […]

The cannabis industry can be a minefield of potential legal, tax, and licensing issues. In particular, cannabis lease agreements can be a hotbed of hidden problems. Many operators have been […]

Data Governance, and the tools supporting it, reflect the growing importance of “automated services” when dealing with the laws and regulations that have been developed to protect privacy and societal norms. Data Governance has become a necessity for organizations using the internet. It is a collection of rules, policies, and standards designed to improve Data […]

The post Data Governance Tools Support Data Management appeared first on DATAVERSITY.

The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA). UK to Impose New Rules on Crypto Ads The U.K. government announced Tuesday plans to impose new rules […]

NEW YORK–(BUSINESS WIRE)–Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today an underwritten offering of 2,100,000 shares of its common stock. The Bank will also grant to the underwriters a 30-day option to purchase up to 315,000 additional shares of common stock. The Bank intends to use the proceeds from the offering […]

The post Signature Bank Announces Public Stock Offering appeared first on Fintech News.

EarthDaily Analytics (EDA) said Jan. 18 it has selected condosat operator Loft Orbital to build, launch and operate a fleet of 10 Earth-observation satellites on its behalf. 

SpaceNews

Quantitative analyst PlanB is unveiling one property of Bitcoin (BTC) that makes it harder to manipulate than gold. In a new interview, the pseudonymous trader tells YouTuber Robert Breedlove that gold’s intrinsic properties make it difficult to physically collect. According to PlanB, vault and insurance costs can run about 1% of a gold collection’s value […]

The post Bitcoin Is Harder To Manipulate Than Gold, Says Analyst PlanB – Here’s Why appeared first on The Daily Hodl.