IdentityMind Fighting Alongside FinTech and Financial Companies to Stop Money Laundering and Fraud Going into Money20/20

IdentityMind Fighting Alongside FinTech and Financial Companies to Stop Money Laundering and Fraud Going into Money20/20

Company Showcases Its Pioneering Digital Identity-based Compliance and Fraud Prevention Solutions

PALO ALTO, CA., October 18, 2018 – IdentityMind, Digital Identities You Can Trust, today announced that IdentityMind will be exhibiting its award-winning, SaaS-based  risk, compliance, and fraud prevention platform in Booth 1231 at the October 21 – 24 Money20/20 at The Venetian, Las Vegas. IdentityMind’s platform builds, maintains and analyzes trusted digital identities worldwide, allowing companies to perform identity proofing, transaction monitoring, sanctions and PEP screening, and to detect and prevent identity fraud.

“There is no single executive at any financial firm, traditional or FinTech, that isn’t threatened and afraid by the possibility of their business being used by nefarious actors to finance terrorism, human trafficking, and other financial crimes,” said Garrett Gafke, President and CEO, IdentityMind. “For today’s digital economy to continue, flourish and scale, it needs to be built on a strong foundation of transparency, legitimacy and compliance – that’s where IdentityMind comes into play.”

IdentityMind’s popular Version 2.0 of its award-winning platform is focused on advancing transaction monitoring anti-money laundering (AML) through the introduction of a user-centric, risk-based approach, which regulators favor. It was designed to provide users with the industry’s most accurate and efficient AML compliance results through dynamic modeling, a transparent access framework, and contextual identity analysis designed to help supercharge compliance efforts for FinTech and traditional financial firms.

“IdentityMind is empowering compliance and risk officers in their global fight against money laundering and its enabling of the financing of terrorism, fraud rings, and human trafficking with its Version 2.0 platform,” continued Gafke. “We enable companies to fight and win the battle against nefarious actors, helping them to build and grow their digital businesses, protect their brands, keep out the bad actors, and bring integrity into the digital economy, while making sure they are compliant and meet regulatory requirements.”

IdentityMind enters Money20/20 with strong global momentum led by rapidly growing client adoption across a variety of markets, industry-leading new products, a complementary partner ecosystem that enhances the value of the Version 2.0 platform,  leading market analyst recognition, and more.

Following on the introduction of its Version 2.0 platform, IdentityMind next introduced an industry first – its online RegTech Webstore, which enables firms located anywhere in the world to integrate regulatory compliance functions directly into their solutions quickly and easily. IdentityMind plugins are easily customizable, all-inclusive RegTech solutions ready to deploy in web applications covering the key anti-money laundering functions: know your customer (KYC), sanctions screening, and transaction monitoring. It’s the perfect channel for small and medium-sized FinTechs, marketplaces, virtual currency exchanges, small lenders, and person-to-person payment (P2P) firms to enhance their platforms.

IdentityMind also integrates with an industry-leading ecosystem of 30+ plus strategic partners – providing complementary device, email, phone, identity, document, sanctions screening, geolocation, biometric, behavioral verification, and more – through a single, standards-based API.

IdentityMind KYC, AML, and fraud prevention solutions are recognized by a variety of leading market analysts, including Forrester’s “Vendor Landscape: Anti-Money Laundering Solutions,” April 2017; Representative Vendor in Gartner’s “Market Guide for Identity Proofing and Corroboration,” April 2018; Sample Vendor in Gartner’s “Hype Cycle for Identity and Access Management Technologies, July 2018; Sample RegTech Vendor in Gartner’s “Hype Cycle for Digital Banking Transformation, 2018,” July 2018; Leading AML Advanced Analytics Vendor in Aite Group’s “The AML of Tomorrow: Here Today,” July 2018; and IDC Innovator in International Data Corporation’s “IDC Innovators: Identity Proofing Solutions to Prevent New Account Fraud and Enhance KYC Compliance, 2018,” July 2018.


About IdentityMind 

IdentityMind, creator of Trusted Digital Identities (TDIs), offers a SaaS platform for online risk management and compliance automation. We help companies reduce client onboarding fraud and transaction fraud, and improve AML, sanction screening, and KYC. IdentityMind continuously builds, validates and risk scores digital identities through eDNA technology to ensure global business safety and compliance from customer onboarding and throughout the customer lifecycle. We securely track the entities involved in each transaction (e.g. consumers, merchants, cardholders, payment wallets, alternative payment methods) to build payment reputations, and allow companies to identify and reduce potential fraud, evaluate merchant account applications, onboard accounts, enable identity verification services, and identify potential money laundering. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Blog, and Google My Business.

© 2018 IdentityMind. All rights reserved. IdentityMind and the IdentityMind logo are trademarks or registered trademarks of IdentityMind in the United States and other countries. All other brand, service or product names are trademarks or registered trademarks of their respective companies or owners.

Media Contact

Dan Rampe
Director of Corporate Communications
Tel: 415-205-9378
Email: [email protected]



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