Middesk

🔍 Emerging fraud trends: SMBs in the crosshairs 🔍 Fraud isn't just a consumer issue anymore—small to medium-sized businesses (SMBs) are increasingly becoming prime targets. As fraudsters adopt tactics like business identity theft and leadership infiltration, it's crucial for financial institutions to rethink their fraud detection strategies during onboarding. Explore our latest blog to learn about the shift from consumer to SMB fraud and what financial institutions can do to stay ahead.💡

🚀 Exciting News! We are thrilled to announce that Middesk has been named to the 2024 SMB Tech 50 list! 🎉 This annual recognition, curated by Notable Capital and 25 leading venture capital firms, highlights the most innovative technology startups supporting small and medium-sized businesses (SMBs). Small businesses are the backbone of the U.S. economy, representing 99.9% of all businesses and employing 46% of the private sector. At Middesk, we’re proud to be part of a community driving growth and innovation for SMBs, helping them gain access to financial services so they can launch and operate in the global economy. Huge congratulations to all the honorees (there are some real heavy hitters on the list!), and we’re looking forward to celebrating by ringing the Nasdaq closing bell today! 🔔

🚨Navigating the New AML/CFT Regulatory Landscape🚨 The financial services industry is facing significant changes with increased regulatory scrutiny, including FinCEN’s proposed rule aimed at modernizing and strengthening anti-money laundering (AML) and countering the financing of terrorism (CFT) programs. This proposal marks a pivotal shift, requiring financial institutions to enhance their compliance programs through a risk-based approach, align with federal priorities, and prioritize financial inclusion. Staying ahead of these changes is essential. Our latest blog breaks down what this means for your institution and how you can adapt.

A big shoutout to some of our amazing customers Kapitus, Lili, Moov, and Novo for making the Inc. 5000 2024 list of the fastest-growing private companies in America! 🎉 At Middesk, we're proud to support these innovators with the tools they need to verify, onboard, and manage customers confidently. Here's to continuing to build the future together. 🚀

Join us for an exclusive live product demonstration on August 22nd at 1pm ET with Middesk's Product Lead, Andrea Hong, as we showcase the enhancements we have made to our industry-leading credit assessment product. RSVP below. https://lnkd.in/gVTH-CjC

Are the recent regulatory changes impacting KYB and business onboarding keeping you up at night? 🌙 Don’t worry—we’ve got you covered! Our new eBook, "Navigating Regulatory Changes and Mitigating Risk in Business Onboarding," is your ultimate cheat sheet for understanding the recent regulatory trends and staying compliant. Why you need to read this eBook: 🔥 For fintechs, compliance isn't just about ticking boxes. It's about building trust with sponsor banks, regulators, and customers. Our eBook delves into the latest regulatory trends and the importance of adhering to established standards. We also give practical advice on how to demonstrate a proactive focus on compliance and strengthen the relationships with your banking partners. What you’ll learn: 🔍 Regulatory trends: stay ahead with insights into the latest financial crime prevention and AML practices. 🏢 Due diligence done right: learn more about the evolution of address verification and identify Ultimate Beneficial Owners (UBOs). 💡 Practical tips: get actionable strategies to revamp your onboarding processes and build stronger relationships with sponsor banks. Link to download the eBook in comments below!

Our recap of Q2 is live 🚀! Watch the video to learn more about everything we shipped last quarter to streamline your business operations, including a more powerful way to classify your business customers’ industries.

🚀 Exciting news! We're launching our BEV Break virtual event series. ☕ BEV Break is designed to break down the toughest topics in Business and Entity Verification in the financial services space....all in the same time it takes you to enjoy your favorite beverage. ⏰ In just 30 minutes we'll arm you with information you need to navigate the complexities of compliance, mitigate fraud risks, and enhance your business verification program for a more secure financial future. ⚡ For our first episode, we're focused on address fraud. Yeah, the post office kind. Join "Address Fraud Prevention in Business Onboarding" to hear Middesk CEO Kyle Mack discuss why addresses have become such a flash point and how to start taking action. 📅 Live on Wednesday, August 28th, 2024. 1:00 PM - 1:30 PM EDT // 10:00 AM - 10:30 PM PDT. Register here today! https://lnkd.in/gmb8t8Kh

We’re excited to announce our partnership with AiPrise Inc.! AiPrise combines identity verification, fraud protection and compliance in one single global platform. AiPrise customers can access Middesk’s best-in-class U.S. KYB data alongside leading providers for other geographies. Together, we’ll help more global fintechs onboard more good businesses.  To learn more, reach out to our partnerships team at [email protected].

We’re excited to announce a significantly more powerful Industry Classification product with enhanced coverage, accuracy, MCC codes, and more! Read more in our blog here 👇 https://lnkd.in/getRxAnE