Fintech Finance

MARCH 10, 2025

However, many still rely on legacy AML compliance systems built for fewer payment rails, most of which are not aligned with real-time settlement workflows. Recent Datos Insights research indicates that 91% of surveyed financial institutions (FIs) are making significant or moderate investments in payment modernization.

Real Time Payments 75

Real Time Payments Faster Payments Transactions Money Laundering 75

Fintech Review

OCTOBER 1, 2024

A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. Emerging AML and KYC trends for 2024 As we move through 2024, several key trends are emerging to shape the future of AML and KYC.

AML 98

AML Verification Research Consumer 98

Finovate

APRIL 8, 2025

AI-powered anti-money laundering (AML) company Hawk has raised $56 million in Series C funding. Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding. Hawk made its Finovate debut at FinovateSpring 2022 in San Francisco.

Financial Crimes 71

Financial Crimes Crime Money Laundering Fraud Detection 71

Fintech News

DECEMBER 3, 2024

These include the 2022 SFF Global Fintech Award, 2023 Best Cryptocurrency Payment Company by APAC Insider, 2024 PayTech of the Year and Disruptor of the Year at the Asia Fintech Awards, and a 6th place ranking on Hoptrail’s Global Anti-Money Laundering (AML) Leaderboard.

Stablecoins 131

Stablecoins Money Laundering Cryptocurrency Payments 131

Payments Source

APRIL 14, 2021

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Fraud Prevention 165

Fraud Prevention AML Compliance Payments 165

Fintech Finance

OCTOBER 30, 2024

Our Distinguished Speakers line-up: Abbas Khamisa, Head of Treasury Solutions, Global Banking at MUFG Investor Services Alessandra D’Este, Senior Payments Expert, EMEA at Swift Amrit Toor, Solutions Architect at Cloudflare Andrea Moundi Savvides, Global Director of Risk and Compliance (Harneys) and Chair and Founding Member of the Cyprus Compliance (..)

Compliance 98

Compliance AML Money Laundering Payments 98

Fintech News

MAY 7, 2024

The post COSMIC AML Platform May Expand Beyond Banking, Says Deputy PM Wong appeared first on Fintech Singapore. Wong indicated that while there is potential to explore the applicability of the COSMIC model to other sectors, the priority remains on ensuring the platform’s effectiveness within banks before extending it to other areas.

AML 109

AML Money Laundering Non-Bank Financial Crimes 109

Finextra

APRIL 26, 2024

The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.

AML 87

AML Cryptocurrency Compliance Regulations 87

The Payments Association

APRIL 7, 2025

Meanwhile, businesses are subject to an increasingly strict AML regulatory focus and a turbulent sanctions landscape. APP and identity fraud challenges persist, and bad actors are continually deploying more sophisticated methods to dupe and exploit firms.

Financial Crimes 88

Financial Crimes Crime AML Fraud Prevention 88

The Paypers

FEBRUARY 23, 2024

The Financial Conduct Authority (FCA) of the UK has initiated an investigation into Lloyds Banking Group ’s Anti-Money Laundering (AML) controls.

AML 83

AML Money Laundering Authorization 83

The Fintech Times

APRIL 29, 2024

In the last two decades, anti-money laundering (AML) regulatory framework, processes and mechanisms have not changed much. Alexandre Pinot , co-founder and head of innovation and strategy at Vilnius, Lithuania, headquartered AMLYZE , the AML/CFT compliance firm explains where the gaps in the current AML system are.

Money Laundering 78

Money Laundering AML SARS Financial Crimes 78

The Paypers

FEBRUARY 13, 2025

Mastercard has announced the launch of TRACE, an AML service that was designed to combat financial crime in Asia Pacific.

AML 79

AML Visa Financial Crimes Crime 79

Fintech News

DECEMBER 22, 2024

She has extensive experience in highly regulated environments and has worked on AML and compliance technology initiatives. Patricia Haynes joins as Senior Vice President of Platform, bringing her expertise in technology operations and risk management from roles at Zopa and LexisNexis Risk Solutions.

APACS 104

APACS Issuers Commercial Card AML 104

Neopay

APRIL 10, 2025

This follows a 2022 penalty of 70,000 for delayed accounts and after previous attention of the UK’s Financial Conduct Authority in 2019 on AML compliance. The fine of 3.5 The cumulative record paints a picture of a company that is still developing its control environment in spite of its fast growth and global footprint.

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

The Payments Association

MARCH 19, 2025

Security & compliance risks: Meeting growing AML, fraud prevention, and regulatory demands is difficult with rigid, outdated infrastructure. Improve resilience and security by embedding real-time monitoring, automated KYC/AML compliance, and fraud prevention directly into payment workflows.

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

The Paypers

APRIL 8, 2025

million from Lithuania’s central bank for deficiencies in its anti-money laundering (AML) procedures. Revolut has received a fine of EUR 3.5

AML 62

AML Money Laundering Procedures Central Bank 62

Finextra

OCTOBER 2, 2024

The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.

AML 126

AML Authorization 126

The Payments Association

NOVEMBER 25, 2024

While emphasising the importance of robust anti-money laundering (AML) measures, the FCA has consistently advocated against indiscriminate de-risking. Banks continue to sever ties with MSBs like PFS without individualised assessments, often citing AML concerns or geopolitical risks associated with countries like Iran.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

The Paypers

JANUARY 16, 2025

Seychelles-based crypto derivatives exchange BitMEX has been fined USD 100 million for breaching US Anti-Money Laundering (AML) laws to scale its revenue.

AML 68

AML Breach Money Laundering Laws 68

Stax

JANUARY 23, 2025

Ensure regulatory compliance by adhering to anti-money laundering (AML) laws and Know Your Customer (KYC) requirements. Step 4: KYC and AML Checks Compliance officers or automated systems integrated with KYC and AML verification services verify the identity of business owners and ensure compliance with anti-money laundering regulations.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Fintech Finance

FEBRUARY 17, 2025

Leveraging artificial intelligence (AI) technology, PhotonPay has further streamlined anti-money laundering (AML) and counter-terrorism financing (CFT) processes, enhanced its risk management system and effectively reduced financial crime risks. “Compliance is the foundation of trust in global payments.

Compliance 59

Compliance Payment Solutions Global Payments Risk 59

Finextra

APRIL 9, 2025

First AML, a leading provider of an all-in-one anti-money laundering (AML) platform, has announced a strategic partnership with Know Your Customer, a global leader in business verification solutions.

AML 52

AML Money Laundering Verification 52

The Fintech Times

MARCH 28, 2025

It also enables businesses to streamline risk management and ensures they meet stringent customer due diligence requirements under anti-money laundering ( AML ) regulations. ” Applicable at any business level As a global solution, it is tailored to meet the unique needs and maturity-levels of different markets.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76

Bank Automation

OCTOBER 17, 2024

10, charging that TD failed to comply with […] The post TD invests in leadership, data to improve AML compliance appeared first on Bank Automation News. billion and the U.S. Department of Justice levied $1.8 billion in fines on Oct.

AML 64

AML Compliance Money Laundering Financial Crimes 64

Fintech News

MARCH 24, 2025

In Singapore, the central bank strengthened in 2024 the Payment Services Act (PSA), introducing more stringent requirements for crypto service providers relating to AML/CFT, user protection and financial stability on service providers.

APACS 88

APACS Verification Fraud Detection Money Laundering 88

The Fintech Times

MARCH 10, 2025

FinScan , an anti-money laundering (AML) compliance solution provider, has enhanced its payment screening solution in a move to support faster, frictionless payment operations across the globe.

Money Laundering 59

Money Laundering FinTech AML Payment Message 59

Finextra

FEBRUARY 13, 2025

Mastercard has launched a service in Asia Pacific, called Trace, that uses AI to identify and prevent money laundering and financial crime.

Visa 112

Visa AI Money Laundering Financial Crimes 112

Finextra

APRIL 22, 2025

CSI, a leading provider of end-to-end financial software and technology, announced the launch of its AI-powered AML compliance and fraud detection solutions: TruDetect and TruProtect.

Fraud Detection 52

Fraud Detection AML Compliance AI 52

The Fintech Times

FEBRUARY 11, 2024

The post Napier Launches Two New Service Offerings for Enhanced AML Compliance appeared first on The Fintech Times. “It is a real stamp of approval that many fintechs who pride themselves on their self-built platforms for their main value proposition, choose to partner with Napier for their compliance strategies.”

Compliance 83

Compliance AML Financial Crimes Payment APIs and Integration 83

Finextra

MARCH 25, 2025

FinScan, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, has signed UK-based Vanquis Banking Group plc, a leading FTSE All Share specialist bank, to further strengthen its AML processes and financial crime risk management.

AML 52

AML Compliance Money Laundering Financial Crimes 52

Fintech Finance

DECEMBER 20, 2024

Patricia previously served as VP of Technology Operations and Delivery at Zopa, where she led risk management and process improvements, and Senior Director of Software Engineering at LexisNexis Risk Solutions, spearheading AML and compliance technology initiatives.

APACS 97

APACS Issuers Credit Cards AI 97

Finovate

DECEMBER 11, 2024

The GenAI Financial Crime Detection Suite enables financial institutions to improve AML efforts, streamline compliance, and proactively manage risk indicators. The new suite is powered by Microsoft’s Azure OpenAI Service, which gives developers REST API access to OpenAI’s language models.

Financial Crimes 59

Financial Crimes Crime Money Laundering Risk Assessment 59

Fintech News

FEBRUARY 5, 2025

By integrating with DVS, Sumsub ensures compliance with local anti-money laundering (AML) and Know Your Customer (KYC) regulations while reducing fraud and streamlining onboarding through automation. This solution offers real-time, government-backed validation of identity documents, including passports, driving licences, and visas.

Verification 69

Verification Checks Security Identity Theft 69

Finextra

MARCH 3, 2025

Lynx Tech introduces its next-generation Anti Money Laundering (AML) Screening Solution, designed to help financial institutions identify high-risk individuals and entities with accuracy and speed.

AML 52

AML Money Laundering AI Risk 52

Finextra

JANUARY 15, 2025

AML RightSource, the global leader in financial crime compliance solutions, today announced the appointment of Steve Meirink as the companys new Chief Executive Officer, effective immediately, and that he has been named to the Board of Directors.

AML 52

AML Financial Crimes Crime Compliance 52

Finextra

MARCH 6, 2025

Sumsub, a global full-cycle verification platform, has introduced the latest innovations in case management and AI-driven AML screening to help compliance teams improve efficiency, reduce manual work, and tackle the growing challenge of false positive matches.

AML 52

AML Verification Compliance AI 52

Fintech Finance

FEBRUARY 20, 2025

Global Industry Compliance: Adherence to international security standards, including ISO 27001, GDPR, PCI DSS, AML, and KYB/KYC. Tailored Security Controls: Customizable security control settings with features like role-based access controls and order limits.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86