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.

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AML Money Laundering Non-Bank Financial Crimes 107

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

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 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

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

The Fintech Times

AUGUST 9, 2024

AU10TIX , the identity verification and management firm, has unveiled a new anti-money laundering (AML) solution, in a move to help businesses ensure a safer approach to risk mitigation. By providing a one-stop shop for all identity verification and AML compliance needs, AU10TIX ensures businesses can operate securely and efficiently.

AML 64

AML Risk Payment APIs and Integration Money Laundering 64

Finextra

DECEMBER 3, 2024

NICE Actimize, a NICE (NASDAQ: NICE) business, has been chosen by Creand Crèdit Andorrà to upgrade and modernise its anti-money laundering (AML) solutions strategy by integrating an advanced suite of NICE Actimize’s financial crime solutions into its operations to address the world’s AML regulations more effectively.

AML 52

AML Money Laundering Financial Crimes Crime 52

The Fintech Times

APRIL 26, 2024

PwC , the assurance, tax and advisory services provider, has published a new report revealing what factors impact effective anti-money laundering (AML) practices the most. In its report, titled EMEA AML Survey 2024: Spotlight on Effectiveness , PwC reveals that many organisations do not feel they have adequate AML operations.

AML 59

AML Regulations Financial Crimes Money Laundering 59

Finextra

DECEMBER 3, 2024

a leading provider of enterprise data, compliance, and integration solutions, has launched FinScan Marketplace, a groundbreaking platform designed to serve as a one-stop shop for anti-money laundering (AML) compliance. Innovative Systems, Inc.,

AML 52

AML Compliance Innovation Money Laundering 52

Fraud.net

AUGUST 23, 2024

Fraud.net has been awarded a Silver Medal by Datos Insights for their Joint AML and Fraud Transaction Monitoring Solution. Learn more.

AML 52

AML Transactions Money Laundering Risk Management 52

Finextra

DECEMBER 2, 2024

Ripjar, a leading provider for monitoring and investigating threats, risks and criminal activity, has today launched new research which reveals that over 60% of compliance teams anticipate widespread adoption of Generative AI (GenAI) for customer Anti-Money Laundering (AML) screening and monitoring within their organisation in the next two years.

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AML Research Money Laundering Compliance 52

Fraud.net

AUGUST 23, 2024

Fraud.net is thrilled to announce our win of the Datos Insights Award for Joint AML and Fraud Transaction Monitoring Solution. Learn more.

AML 52

AML Transactions Money Laundering Fraud Detection 52

Finextra

MAY 13, 2024

FINTRAC announced today that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance.

AML 98

AML Regulations 98

The Fintech Times

JUNE 19, 2024

By leveraging the Fenergo software-as-a-solution solution, First Abu Dhabi Bank hopes to speed up client onboarding and enhance its anti-money laundering ( AML ) compliance processes. Fenergo explained it plans to help First Abu Dhabi Bank to deliver end-to-end digital client onboarding and risk assessment for sanctions, AML and KYC.

AML 59

AML Compliance Money Laundering Regulatory Compliance 59

Finextra

NOVEMBER 11, 2024

Greenlite, the leading generative AI platform for banks and fintechs, today announced a partnership with Sandbar, the comprehensive activity monitoring platform for anti-money laundering (AML).

AML 52

AML AI Money Laundering Compliance 52

Fintech News

FEBRUARY 26, 2024

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia.

Fraud Prevention 120

Fraud Prevention Compliance AML Money Laundering 120

Bank Automation

MARCH 1, 2024

JPMorgan is exploring the use of synthetic data to streamline its anti-money laundering and software engineering processes.

AML 81

AML Money Laundering Origination Process 81

Finextra

JULY 31, 2024

Fenergo, the leading provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), today announced that Caribbean-based PROVEN Bank is deploying Fenergo’s transaction monitoring solution to streamline its anti-money laundering (AML) compliance processes.

AML 52

AML Compliance Transactions Money Laundering 52

Fintech News

AUGUST 1, 2024

This service aims to streamline business due diligence and compliance for financial institutions and SMEs, addressing counter-party risk, credit exposure, and compliance with anti-money laundering (AML) regulations. JewelPaymentech, acquired by ADVANCE.AI ADVANCE.AI Earlier this year, ADVANCE.AI

Due Diligence 116

Due Diligence Money Laundering AML Verification 116

Finextra

AUGUST 1, 2024

TransPecos Banks, an innovative Texas-based community bank, has selected Oscilar’s innovative AI-Powered AML Risk Platform to transform its compliance and risk management capabilities.

AML 52

AML Risk Regulatory Compliance Community Banks 52

Fintech News

JULY 31, 2024

Hawk, a provider of AI-driven fraud prevention and anti-money laundering (AML) technology, has secured additional Series B funding with Macquarie Capital. Hawk’s technology enables financial institutions to improve the efficiency of financial crime detection and prevention while adhering to AML/CFT regulations.

AI 99

AI Financial Crimes Fraud Prevention AML 99

Finovate

DECEMBER 2, 2024

The acquisition will provide APPC clients with a broader range of tools to fight challenges ranging from anti-money laundering (AML) to counter-terrorism financing (CTF). This collaboration has yielded flexible, customized solutions to help FIs deal with challenges ranging from anti-money laundering (AML) to counter-terrorist financing (CTF).

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Compliance Acquirers Money Laundering AML 105

Fintech News

OCTOBER 8, 2024

The framework is designed to ensure compliance with international standards, particularly in relation to anti-money laundering (AML) and countering the financing of terrorism (CFT). The consultation paper further details MAS’ approach to AML/CFT compliance, reporting obligations, and technology risk management.

Service Provider 102

Service Provider Due Diligence AML Money Laundering 102

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.

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Stablecoins Money Laundering Cryptocurrency Payments 132

Stax

DECEMBER 4, 2023

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Let’s get started.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Finextra

OCTOBER 11, 2024

This article was co-authored with Stacy Dubovik, ScienceSoft's Financial Technology and Blockchain R.

AML 98

AML Automation Blockchain Authorization 98

Finextra

APRIL 25, 2024

Moderating her second panel of the day - Fraud prevention and AML: the need for behavioural biometrics in this instant age - Finextra’s senior reporter Niamh Curran spoke to Megan Heald, senior project manager at NICE Actimize, John Sam-Kubam, senior vice president at Crown Agents Bank, Beju Shah, head of Nordic centre at the Bank of International (..)

Fraud Prevention 105

Fraud Prevention AML Settlement Risk 105

Fintech News

JULY 17, 2024

This decrease suggests that the anti-money laundering (AML) programmes of centralised exchanges are becoming more effective at detecting and mitigating laundering activity. Singapore’s Payment Services Act (PSA) brings crypto businesses under regulatory oversight, imposing strict AML/CFT requirements.

Money Laundering 110

Money Laundering Law Enforcement AML Non-Bank 110

The Paypers

DECEMBER 2, 2024

Regtech Salv has introduced the Collaborative Scenario Library to assist AML teams in refining their transaction and customer monitoring processes.

AML 36

AML Transactions Process 36

Fintech News

OCTOBER 6, 2024

Singapore is enhancing its anti-money laundering (AML) framework with new recommendations from the Inter-Ministerial Committee (IMC). The IMC’s recommendations aim to adapt Singapore’s AML framework to counter increasingly sophisticated criminal methods.

Money Laundering 123

Money Laundering Law Enforcement Financial Crimes Due Diligence 123

Fintech News

JANUARY 10, 2024

This becomes intertwined with Anti-Money Laundering (AML) and behavior analysis in recent times. Kersey added, “Though many financial institutions are now placing heavy emphasis on AML analysis and fraud monitoring, there is room for further enhancement in existing countermeasures.

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AML Money Laundering Authentication Procedures 121

Fintech News

MARCH 3, 2024

Safra Sarasin in Singapore, where she led compliance teams in Singapore and Hong Kong, focusing on regulatory advisory and surveillance related to Anti-Money Laundering (AML), Know Your Customer (KYC), and Counter-Financing of Terrorism (CFT) in the region. Before her tenure at Bank J.

Compliance 109

Compliance AML Money Laundering Regulatory Compliance 109

Fintech News

OCTOBER 21, 2024

As regulatory standards tighten and financial crime evolves, Tookitaki’s platforms provide scalable, AI-driven solutions for AML and fraud prevention that will help institutions stay ahead of these challenges.”

Financial Crimes 133

Financial Crimes Security Crime Cross-Border Payments 133

Fintech Finance

SEPTEMBER 17, 2024

ID-Pal’s platform comprises a comprehensive set of tools for frictionless, secure identity verification and Anti Money Laundering (AML) screening. He says, “This strategic partnership will allow CLOWD9 clients to access both a compelling end-to-end identity solution and an AML screening solution with advanced AI-fraud detection capabilities.”

Process 95

Process Verification Money Laundering AML 95

The Payments Association

MARCH 12, 2024

No one-size-fits-all solution exists to meet the varying risk profiles of all firms but organisations can access cloud solutions to improve their compliance and adapt to the ever-changing AML landscape. Read more

Compliance 88

Compliance AML Payments Risk 88

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 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. A further 41% claimed they are prepared but have limitations, while 25% said they are not ready to comply with the regulations at all.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105