ComplyCube

💡 “The introduction of the European Digital Identity Walletis bringing the European Union to the brink of a digital revolution, transforming the way European citizens and businesses handle their personal data and carry out transactions across borders.” ~ The Banking Scene, 2024   The EU formally adopted eIDAS 2.0 in 2023, with its implementation set to unfold progressively over the course of 2024 and beyond. eIDAS 2.0 introduces revamped regulations that establish the European Digital Identity Framework and pave the way for the rollout of the EU Digital Identity Wallet (EUDI). EUDI is designed to mark the beginning of a future of trusted digital identities, allowing all European citizens, residents, and businesses to use their eID across EU member states without the need for additional registration or verification steps.   ✅ This will be a welcomed development, as a recent survey found that 63% of EU citizens expressed a desire for a "secure, single digital ID for all online services."   Read our latest guide on eID schemes and Europe’s digital future: https://lnkd.in/eWan6Ueb   #eid #identityverification

The Financial Action Task Force (FATF) crypto guidance leads global and UK crypto regulation policies, which have evolved drastically since 2018 as the threat perceived by the industry has increased. 💰Due to their anonymity, digital assets have become a significant avenue for money laundering. In 2022, laundering volumes reached $31.5 billion, dropping to $22.2 billion in 2023, showing some progress. Yet, these figures are still alarmingly high. During the same period, the concentration of laundering through the top five off-ramping services (platforms converting crypto to fiat currency) increased from 68.7% to 71.7%. This highlights the urgent need for stricter KYC and AML procedures at major crypto institutions to mitigate financial crime. In the UK, the Financial Conduct Authority ensures that UK legislation follows FATF global guidelines. Crypto firms are required to: ✅ Register with the FCA: All UK crypto businesses need to receive authorization from the FCA for AML/CFT compliance. ✅ Apply the Travel Rule: Businesses need to collect and share information on transaction origins and beneficiaries. ✅ Implement KYC and AML controls: Organizations need to ensure that there is ongoing due diligence on customers and on transactions. Ensuring that KYC measures are stringent helps reduce the chance of fraudulent practices. The FCA, like the FATF, believes in a risk-based approach, stating, “Our supervisory approach to cryptoasset businesses is in line with our approach to other businesses under the MLRs. It is risk based so that businesses which pose the greatest money laundering and terrorist financing risk receive an increased level of supervisory focus. Higher-risk customers therefore need ongoing monitoring.” 💡 For more information on critical crypto regulations in the UK, read “FATF Crypto Guidance: Securing the Sector.” 👉 https://lnkd.in/eUxfSuhA #crypto #cryptoregulations #kyc #aml 

🌍 Reimagining Africa with AI: A Week to Remember in Algiers Last week, I had the privilege of attending the African Startup Conference, where AI themes took centre stage. One of the highlights was delivering a panel discussion alongside Joshua and Harry titled: 🎯 “The Trust Factor: Driving Economic Growth in Africa and Algeria – FinTech, Postal Services, & Telcos as Catalysts for Change.” Our session had an unexpected twist – a logistical hiccup led to our panel room being double-booked. Amokrane and Ghani were scheduled to present on personal branding and trust. But instead of letting this derail the momentum, we joined forces and merged the two sessions. The result? A lively, thought-provoking exchange that enriched the conversation for everyone involved. 🙌 Huge thanks to both for their flexibility and collaborative spirit! Beyond the conference, my time in Algiers was nothing short of extraordinary. From vibrant discussions with African startups to the infectious energy of the youth driving change across the continent, the experience was deeply inspiring. The venue, CIC Alger, deserves special recognition. 🌟 A fantastic, world-class venue, it is beautifully architected and equipped with exceptional facilities that made the event even more remarkable. And let’s not forget the impromptu midnight strolls through the scenic streets of Algiers! The stunning architecture, beautifully illuminated landmarks, and the history-rich Casbah created the perfect backdrop for exchanging ideas with brilliant minds from around the world – including the US, Spain, Portugal, Ethiopia, Zimbabwe, the UK, France, Slovenia, Switzerland, Algeria, Tunisia, Congo, Ireland, and more. Badreddine, Adam, Raibed, Miguel,  Rocio, Gracious, Wakwaya, Joe, Abel, Yousra, Fouad, Cina, Ilyes I’d like to extend my deepest gratitude to H.E Sid Ali Zerrouki for his invaluable insights and for taking the time out of his busy schedule to exchange ideas. My thanks also go to H.E. Yacine Oualid whose warmth, spontaneity, and depth of knowledge left a lasting impression and made the event even more memorable. As we look to the future, I’m excited for what lies ahead. Next year, we’ll return with an even stronger presence, showcasing ComplyCube’s unwavering commitment to driving innovation and empowering growth across Africa. A special thanks to their excellencies Mr. Yacine Oualid l and Mr. Noureddine OUADAH for their exceptional hospitality and for organising such a successful event. I have no doubt that the 2025 conference will be even bigger and better. Finally, my heartfelt appreciation goes to Selma MOULOUDJ whose exceptional agility and dedication played a key role in the event’s success. Despite being a volunteer, Selma led from the front, embodying professionalism and serving as a fantastic host throughout. 🙏 Here’s to the future of Africa’s innovation and collaboration – we’re just getting started! #AfricanStartups #AI #Innovation #FinTech #Africa

💡 50 % of UK businesses have experienced cybercrime over the past 12 months. 40% of all crime in Great Britain consists of fraud, with an estimated 80% of that having been cyber-enabled. These are core reasons why the UK DIATF framework was put in place by the UK Government’s Department for Science, Innovation and Technology (DSIT) and the office for Digital Identities and Attributes (OfDIA). The UK DIATF framework was launched in response to the growing and dynamic threat of digital fraud. Since the COVID-19 pandemic, the shift toward online business operations and advances in technology have driven demand for robust identity verification (IDV) and anti-money laundering (AML) solutions. Valued at $10.45 billion in 2023, the global IDV market is expected to grow significantly, reaching $11.97 billion in 2024 and an impressive $39.82 billion by 2032, with a projected compound annual growth rate (CAGR) of 16.2%. The UK Digital Identity and Attributes Trust Framework (DIATF) was created as part of the government's wider initiative to establish a secure digital ecosystem for identity verification. Before its implementation, the UK's approach to digital identities, identity verification and preventing identity fraud was extremely fragmented. Read the full guide: https://lnkd.in/eeY7zmTC #identityverification #idv 

💡 Trump’s recent victory has marked a key turning point within the global crypto market, with the price of Bitcoin surging above $80,000 for the first time in history. Dogecoin, which is being heavily promoted by Trump-supporter Musk, is also making large gains. As a presidential candidate, Trump pledged that if elected, he would make the US the “crypto capital of the planet,” easing crypto regulations to foster growth and innovation. 🤔 What remains to be decided is whether this is an example of practical, forward-thinking economic policy anchored on hedging against inflation and promoting global liquidity or a last-minute scramble to win over corporate America, which will ultimately lead to not just a bullish Bitcoin market but a bullish crypto fraud one too. 📖 Read our latest guide to find out what this might mean for crypto fraud. https://lnkd.in/eECunNth #crypto #cryptofraud 

💰Americans lost $5.6B to crypto scams, often referred to as “pig butchering crypto scams,” in 2023, yet this doesn’t seem to have been the wake-up call we might have expected it to be. Over 50,000 investment scams were reported in America in the first half of 2023, costing consumers $2.5B. These investment scams mostly revolved around investing in cryptocurrencies with the promise of obtaining a large return. The median loss for investment scam victims in the first half of 2024 was $9,000 – a $1,000 increase from last year. With the U.S. facing mounting losses, it begs the question: has the UK managed to steer clear of this form of cryptocurrency fraud, or is it on the verge of a similar costly reckoning? Read our latest guide, “Americans Lost $5.6B to Pig Butchering Crypto Scams in 2023 - What About the UK?” 💻 https://lnkd.in/e4NBB4zc #cryptoscams #cryptofraud 

Checking in from Algiers, Algeria, at the African Startup Conference learning how Africa is leveraging AI for financial inclusion, focusing on public-private collaboration, and expanding its public digital infrastructure for future growth.

🎖️ ComplyCube was presented with the Tech Cares Award, by TrustRadius, in both 2023 & 2024.   The Tech Cares Award honours tech companies committed to corporate social responsibility (CSR) and making a positive impact on social, environmental, and economic challenges. Winning the award highlights a company’s dedication to creating meaningful change, strengthening its reputation, and building trust with customers, partners, and employees.   At ComplyCube, team growth and well-being are integral to our core values. We’re proud to have earned the Tech Cares Award from TrustRadius in both 2023 and 2024, reflecting our positive workplace culture.   👉 Looking for the right role? We’re hiring, with roles open across Sales, Marketing, Strategy, Product and Engineering. Join a team driving a global movement that’s making the digital world safer for businesses and consumers alike.   Apply on our website today: https://lnkd.in/eGqHiSYn   #team #hiring

👋 New Team Member: Welcoming Paolo Sait! Introducing Paolo, who joins our team as an incredibly talented graduate Full-Stack Engineer. ⭐️ Before joining ComplyCube, Paolo completed a Master's in Mathematics at the University of Oxford, where he focused his dissertation on evaluating network reconstruction methods. With a strong passion for designing and building tech applications, we're excited to see what he achieves at ComplyCube! #team

🚀 We’re hiring, with roles open across Sales, Marketing, Strategy, Product and Engineering. At ComplyCube, we’re on a mission to create global digital trust, powering a wide range of industries with state-of-the-art Know Your Customer (KYC), Anti-money Laundering (AML), and Identity Verification (IDV) solutions.   Why you should join us:   💡 Work with purpose: Help make the digital world safer for millions with a RegTech100 company. 🧠 Flex your genius: Solve complex global challenges with cutting-edge tools. 🪄 Magic meets logic: Combine creativity and technology to solve real-world problems. 💻 Innovate boldly: Be part of a team embracing innovation and AI-driven solutions. 🦾 Empower industries: Help power the future of finance, crypto, tech, and beyond. 🪐 Go global: Work on projects that reach every corner of the digital world. 🌱 Thrive with us: Grow in an award-winning company where your potential knows no bounds.   Team growth and well-being lie at the core of our organization’s values. TrustRadius presented us with the Tech Cares Award in 2023 and 2024, reflecting our positive workplace culture.   💻 Apply on our website today: https://lnkd.in/eBzNSwC9   #hiring #team