Details

Last Funding Type

Seed

Last Funding Money Raised

$1M

Industries

Blockchain,Financial Services,FinTech,Identity Management

Founded date

Jan 1, 2015

Number Of Employee

1 - 10

Operating Status

Active

NewBanking is a company founded in 2015 with the aim of providing a user identity platform that will allow end-users to verify their identity easily and securely across businesses while at the same having control and ownership of their own data and identity online. Their platform also solves the regulatory challenges that the financial institutions are facing, especially in regards to the 4th European Anti-Money Laundering (AML) directive and the General Data Protection Regulation (GDPR) among other relevant regulatory legislation.

NewBanking is a company founded in the regulatory space. We are therefore in close dialog with the regulators and are also involved directly via the European PSMEG (Payment Systems Market Expert Group) and the Blockchain standardization work (ISO TC 307 on Blockchain and Distributed Ledger Technologies).