Identity Mind Closes Oversubscribed Financing Round
With funding from Lakewood & Company, Mozido, SBT Capital, Cybernaut, and Benhamou Global Ventures, IdentityMind Global closes its financing to bring modern compliance and risk management to Financial Institutions worldwide. The company combines a solid core technology with a top notch executive and development team that has proven it can address the challenges faced by merchants and financial institutions. Palo Alto, CA. (PRWEB) March 16, 2015 IdentityMind Global, a Risk Management Platform for e-Commerce and Regulatory Compliance, announced today the closing of its most recent round of financing. The round was led by Lakewood & Company and will support the company’s growth in expanding sales and international operations. Financial services are growing and evolving at a rapid pace, with a steady transition to online services and a constant development of new applications for e-commerce, money service businesses, international transfers, trading, virtual currencies, and more. The intricacies of this growing system now expose financial institutions to new types of regulatory risks and increased complexity in adequately complying with regulatory guidance. In many cases, banks are forced to compensate for new levels of separation by passing the burden of regulatory and identification requirements on to their customers.