Fintech Finance

OCTOBER 23, 2024

Compliance with sanction screening, anti-money laundering (AML) and fraud detection requirements, including Verification of Payee check, was identified as the top concern. Respondents cited difficulties in meeting the mandated 10-second 24/7 service level agreement (SLA) and coping with the increased message volumes.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

The Fintech Times

FEBRUARY 4, 2024

Eight months later, the same groups have called on legislators to clarify the compromise text reached on recital 34 of the AML Regulation in the technical trilogues. They have said that this can be done within the realm of the already existing political agreement.

AML 59

AML Regulations Payer Due Diligence 59

The Paypers

DECEMBER 14, 2023

The European Council and the Parliament have reached a provisional agreement on the establishment of a new European authority.

Agreements 36

Agreements Authorization AML 36

Finovate

DECEMBER 11, 2024

LexisNexis Risk Solutions has signed an agreement to acquire document authentication and fraud detection solutions provider IDVerse. ” Thanks to a pre-existing alliance agreement, IDVerse’s solutions are already available via LexisNexis Risk Solutions’ platform. Terms were not disclosed.

Risk 52

Risk Acquirers Deepfake Fraud Detection 52

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Webster noted that KYC and AML procedures aren’t governed by global standards.

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AML Privacy Procedures Money Laundering 108

PYMNTS

JANUARY 26, 2021

Doing so, the bank noted, will streamline and enhance a range of payment-related workflows, including sanctions screening, anti-money laundering (AML) checks, reporting and reconciliation. HashCash Brings Blockchain Tech To Unnamed Bank. to bring its blockchain-powered corporate trade financing technology into the entity.

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ISO 20022 ISOs Payment APIs and Integration Message Standards 142

The Fintech Times

APRIL 10, 2025

Conga , the revenue lifecycle management company, has penned a multi-year strategic collaboration agreement with Amazon Web Services. Hawk , the provider of AI-powered AML, screening and fraud prevention solutions, has announced its $56million Series C funding round.

FinTech 59

FinTech AI Non-Bank Cybersecurity 59

FICO

JANUARY 13, 2020

Congress takes the lead in promoting AML/CFT reform. Banks are uniformly supportive and have devoted significant resources to thwarting terrorist financing and detecting money laundering, however, there is uniform agreement that the mounting compliance burdens require some changes.

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AML Authentication Finance OCC 52

EBizCharge

JANUARY 16, 2025

Tax reporting and compliance: MCCs aid in tax reporting and compliance with regulatory bodies like Payment Card Industry Data Security Standards (PCI DSS) and Anti-Money Laundering (AML). Check your merchant agreement: Your merchant agreement contains detailed information about your payment processing arrangement, including the MCC.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

PYMNTS

DECEMBER 22, 2020

Federal Reserve ordered Credit Suisse to boost its anti-money laundering (AML) policies, citing shortcomings in its U.S. Reuters reported that the order was reached via a joint agreement between the New York Department of Financial Services and the Fed. operations, Reuters reported.

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Money Laundering Fed BSA AML 60

Neopay

DECEMBER 18, 2023

This agreement leaves out a decision on the location of the agency’s seat, a matter that continues to be discussed on a separate track. The agreement entrusts the authority to supervise up to 40 groups and entities in the first selection process. AMLA will have the power to issue non-binding recommendations.

Money Laundering 52

Money Laundering Authorization AML Agreements 52

PYMNTS

DECEMBER 6, 2018

The overseer was appointed under an agreement between the British bank and U.S. billion, as well as enter into a deferred-prosecution agreement that would last five years. prosecutors, with the purpose of evaluating controls meant to spot money laundering and sanctions violations. 1 in Vancouver, at the request of American authorities.

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Transactions AML Money Laundering Agreements 44

PYMNTS

AUGUST 27, 2019

Under the guidelines, which cover exchanges, trading platforms and wallet providers, the regulators state businesses are not exempt from standards that tie in anti-money laundering (AML) rules, among other mandates. The agreement comes through a memorandum of understanding.

Blockchain 58

Blockchain Regulations Money Laundering AML 58

Finovate

AUGUST 16, 2024

The financial institution will leverage Fenergo’s transaction monitoring solution to enhance and streamline its anti-money laundering (AML) compliance operations. signed an agreement with the Credit Information Corporation (CIC) to become the newest credit bureau in the Philippines. Digital identity verification provider ADVANCE.AI

AML 64

AML Disaster Recovery Payments Non-Bank 64

Finextra

MARCH 22, 2024

SmartSearch, a leading UK provider of digital compliance and anti-money laundering (AML) software, has today announced it has signed an agreement to receive a significant equity investment from Triple Private Equity.

Money Laundering 52

Money Laundering Security AML Agreements 52

Fintech News

FEBRUARY 18, 2024

The platform’s capabilities—ranging from ID Verification, Liveness and Face Match, to PoA and Ongoing AML Monitoring—were instrumental in transforming dtcpay’s operational landscape. This flexibility, alongside advanced features and constant AML monitoring has been central to dtcpay’s efforts to streamline its operations.

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Verification Travel Rule Multi-Currency Compliance 120

Finovate

JANUARY 22, 2024

Credit Agricole is making the move to “reaffirm confidence” in Worldline, which was hit with scrutiny over its AML practices last year. Today’s agreement comes six months after the two first partnered in July of last year. In the long-term, Credit Agricole seeks to remain a minority shareholder in Worldline.

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Acquirers AML Agreements Facilitators 59

PYMNTS

JANUARY 5, 2018

In addition, in a January 2017 agreement with the U.S. Department of Justice , Western Union admitted to federal criminal offenses of failing to implement an effective anti-money laundering program under the Bank Secrecy Act, as well as aiding and abetting wire fraud, said the DFS.

Money Laundering 46

Money Laundering AML Laws Wires 46

The Fintech Times

APRIL 24, 2025

Partnerships Identity platform Trulioo is partnering with PingPong , a cross-border embedded payment solution provider, to enable the cross-border firm to expand its global footprint while meeting rigorous Know Your Business (KYB) and Anti-Money Laundering (AML) compliance standards by automating verification processes.

FinTech 59

FinTech Cross-Border Payment APIs and Integration Multi-Currency 59

The Paypers

AUGUST 7, 2018

(The Paypers) QuantaVerse has signed an agreement with Banco de Credito e Inversiones (Bci) Miami Branch to help the bank mitigate risk, automate investigations and meet AML compliance.

Mitigation 28

Mitigation AML Risk Agreements 28

PYMNTS

JANUARY 26, 2021

Financial services firm Synchrony has reached an agreement to buy Allegro Credit, which provides consumer financing in hospitals, dental and vision care and audiology, Synchrony said in a Tuesday (Jan. 26) press release. Consumers want speed and personalization, but they don’t want to sacrifice security,” he said.

Finance 63

Finance Money Laundering Acquirers AML 63

The Fintech Times

APRIL 17, 2025

Elliptic , the digital asset decisioning firm, has partnered with Monerium , an authorised and regulated Electronic Money Institution (EMI), to streamline compliance, automate cross-chain AML screening, and offer real-time monitoring to manage regulatory requirements efficiently.

FinTech 59

FinTech Embedded Finance AI Verification 59

Finovate

OCTOBER 24, 2024

The agreement, which is set to close next month, will bring Effectiv’s developer-friendly, AI orchestration and decisions platform into Socure’s digital identity verification and fraud solutions platform. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.

Risk 64

Risk Acquirers Fraud Prevention Identity Theft 64

FICO

JUNE 12, 2020

Stopping financial crime in Australia is an age-old problem, but today’s criminals have become so sophisticated that long-standing anti-money laundering (AML) systems and processes are no longer keeping up. Convergence—that is, bringing together fraud and AML functions—will be key, as well as moving on from rule-based AML systems.

Financial Crimes 52

Financial Crimes Crime Money Laundering AML 52

PYMNTS

AUGUST 14, 2019

One key driver underpinning a greater scope of data collection has been a changing regulatory landscape, where companies across various verticals must ensure they comply with anti-money laundering (AML) and other mandates. At least some companies — at about 30.7

Agreements 66

Agreements Request for Information Money Laundering AML 66

Stax

JANUARY 8, 2024

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. They can only be drawn upon under applicable clauses in your payment services agreement.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88

The Fintech Times

FEBRUARY 14, 2025

Fenergo , the AI-powered solution provider for Know Your Customer (KYC), Anti-money laundering (AML) transaction monitoring and Client Lifecycle Management (CLM) has joined forces with PwC to accelerate the delivery of its AI-powered CLM and KYC solutions to financial institutions across multiple territories.

Financial Crimes 59

Financial Crimes Crime Money Laundering AI 59

PYMNTS

SEPTEMBER 16, 2020

The plan would also establish a cross-border payment network that would use digital wallets tied to a free-trade agreement negotiated by Japan, China and South Korea, the publication reported.

Money Laundering 124

Money Laundering Cross-Border Central Bank Cross-Border Payments 124

PYMNTS

NOVEMBER 7, 2018

Earlier this year, Fifth Third Bank and MB Financial inked an agreement to merge in a $4.7 In addition, Investors must still comply with an agreement with regulators to improve its anti-money-laundering (AML) controls, which often delays deals. The lender had a market value of about $3.3 billion as of Tuesday (Nov.

Money Laundering 43

Money Laundering Agreements AML NOV 43

PYMNTS

JANUARY 3, 2019

“Both member states will be required by the EU’s Fifth Anti-Money Laundering Directive (5AMLD) to implement new provisions that close loopholes, consider new technologies and improve transparency while still protecting personal data and adhering to international agreements,” Ufford added.

Verification 51

Verification Money Laundering AML Economy 51

The Payments Association

DECEMBER 16, 2024

At the time of the agreement, the exchange rate is 1 EUR = 1.10 Non-compliance with new rules, such as anti-money laundering (AML) or tax regulations, may lead to fines, legal issues, and reputational harm. Consider this scenario: A US-based company (Company A) agrees to pay 1 million to a French supplier (Company B) in 30 days.

International Payments 88

International Payments Risk Payments Strategy Multi-Currency 88

Finovate

MARCH 29, 2024

FRNZX – Tel Aviv, Israel-based FRNZX was founded by experts in cryptocurrencies, AML, and intelligence to empower AML compliance in the cryptocurrency sector. The State Bank of India (SBI) inked a six-year agreement with Aurionpro for its iCashpro+ transaction banking platform. FRNZX was founded in January 2022.

Verification 69

Verification Privacy AI AML 69

Finovate

MARCH 20, 2024

The company has already signed agreements with 15 of the largest banks and fintechs on the continent, and Zone CEO and co-founder Obi Emetarom said that funding will fuel expansion of the company’s network domestically. Zone is the first regulated blockchain network for payments in Africa. FRNZX was founded in 2022.

Blockchain 59

Blockchain Payment Security Security AML 59

PYMNTS

DECEMBER 28, 2018

Separate research published in September from Fenergo found anti-money laundering (AML) and KYC-related fines in the last decade totaled $26 billion — 91 percent to U.S. It was also a busy year for banking technology provider Avoka, which announced it reached an agreement to be acquired by Temenos only weeks ago.

Money Laundering 74

Money Laundering Small Business Fincen Compliance 74

PYMNTS

SEPTEMBER 5, 2018

4) said the ADB is launching its Trade Finance Scorecard, a solution to help interpret, implement and manage compliance with Anti-Money Laundering (AML) regulations and other financial regulations without curbing access to trade finance. Reports in The Financial Express on Tuesday (Sept.

Finance 40

Finance Money Laundering AML Crime 40

PYMNTS

NOVEMBER 8, 2018

8) that MoneyGram will pay $125 million in penalties after having violated a six-year-old settlement tied to anti-money laundering (AML) controls. Against this backdrop, the FTC said MoneyGram is paying the $125 million, and that a deferred prosecution agreement with the Department of Justice (DOJ) has been extended to May 2021.

FTC 64

FTC Settlement Federal Trade Commission Fraud Prevention 64

PYMNTS

AUGUST 28, 2019

The same study, though, found that loyalty and rewards were only the seventh-most important priority among CUs, which are instead focusing on open banking options that offer anti-money laundering (AML), data security and instant payment technology. A majority (62.7 percent) cited data security and 60.8 Open Banking Benefits.

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Credit Union Instant Payments Non-Bank Money Laundering 73