Fintech Finance

NOVEMBER 20, 2024

Thunes , the Smart Superhighway to move money around the world, today announced the appointment of Peter Cohen as its new Chief Compliance Officer, effective immediately. With over 20 years of experience in the payments industry, Peter brings deep expertise in both regulatory and financial crime compliance.

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Compliance Cross-Border Financial Crimes Crime 68

Finextra

OCTOBER 15, 2024

Enabling banks to investigate and resolve financial crime cases faster, Oracle today introduced the Oracle Financial Services Crime and Compliance Management Investigation Hub Cloud Service.

Financial Crimes 52

Financial Crimes Crime AI Compliance 52

Finextra

SEPTEMBER 2, 2024

Lucinity, the global leader in AI software for financial crime compliance, has secured a second patent from the US for its proprietary federated learning technology, which provides a unique approach to allow global financial systems to share algorithmic learning patterns without having to share sensitive data.

Financial Crimes 52

Financial Crimes Crime Security Compliance 52

Fintech News

MAY 22, 2024

Over the past years, financial crime tech has risen to prominence, driven by increasing complexity and frequency of financial crimes, stricter regulations and compliance requirements, and technological advancements. Today, we delve into these firms’ offerings, recent strides and contributions to the field.

Financial Crimes 71

Financial Crimes Crime APACS Risk Assessment 71

The Fintech Times

SEPTEMBER 23, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. To find out, we sat down with industry leaders to get their take.

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Financial Crimes Crime Regulations Compliance 59

FICO

MARCH 6, 2020

Visma Connect recently interviewed Jürgen Krieg, FICO's head of global compliance sales. In this excerpt from that article, Jürgen elaborates on the importance of compliance. . In September 2019, Fico and Visma announced their partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Neopay

JULY 26, 2024

This enforcement action marks the first use of the FCA’s new powers under the Electronic Money Regulations 2011, emphasising the regulator’s commitment to maintaining stringent financial crime controls within the cryptoasset industry. Firms like CBPL that enable crypto trading need to have strong financial crime controls.

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Financial Crimes Crime Breach Money Laundering 52

Neopay

MAY 7, 2024

The Financial Conduct Authority (FCA) is proposing significant updates to its Financial Crime Guide. The FCA aims to assist firms in understanding regulatory expectations while empowering them to assess the adequacy of their financial crime systems and controls. However, the proposed changes don’t stop there.

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Financial Crimes Crime Risk Assessment Money Laundering 52

Fintech News

SEPTEMBER 18, 2024

Singapore-based B2B fintech firm Aspire has appointed Summer Yu as Global Head of Compliance and Tommaso Scarpa as Head of Compliance for Singapore. These appointments aim to strengthen the company’s compliance, risk, and IT security teams, which have reportedly increased fivefold in the past 24 months.

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Compliance Financial Crimes Crime ISOs 93

Finextra

AUGUST 5, 2024

FinextraTV, Julia Thorn, Senior Marketing Manager, Financial Crime Compliance, LexisNexis® Risk Solutions and Robert Campbell, Programme Director of United for Wildlife, The Royal Foundation of The Prince and Princess of Wales, dive deep into their recently released report on how wildlife trafficking can be combatted with the power of collaboration. (..)

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Financial Crimes Crime Money Laundering Mitigation 59

The Fintech Times

JULY 21, 2024

UK financial services firms currently spend over £21,000 per hour fighting financial crime and fraud through onboarding and compliance screening processes, according to the latest True Cost of Compliance report from LexisNexis Risk Solutions. per cent) of all FCC recruitment and training costs, up from 34.1

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Financial Crimes Crime Compliance AI 64

The Fintech Times

MAY 12, 2024

Now, Sumsub is gearing up for a second iteration of its Advanced Transaction Monitoring Masterclass 2024 , which will help over 2,500 anti-money laundering (AML), anti-fraud, and compliance professionals in the fintech sector to boost their knowledge in combating financial crime issues facing their respective companies.

Financial Crimes 69

Financial Crimes Crime Money Laundering Deepfake 69

Finextra

JUNE 27, 2024

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced a strategic partnership with Silent Eight, a pioneering RegTech company that offers comprehensive solutions across the compliance workflow through an AI and machine learning platform designed to identify and prevent financial crime.

Financial Crimes 52

Financial Crimes Crime Automation Compliance 52

The Fintech Times

JANUARY 30, 2024

Themis , the financial crime tech firm has reinforced its commitment to preventing financial crime as it launches its new risk management cloud service, hosted in Saudi Arabia. It is also equipped with advanced technology, robust security measures, and compliance features.

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Financial Crimes Risk Management Crime Risk 59

Finovate

JUNE 4, 2024

AMLYZE , a regtech specializing in combating financial crime that made its Finovate debut at FinovateEurope earlier this year , has forged a strategic partnership with Aura Cloud. ” Govina added, “Together, we will empower financial institutions to stay ahead of the curve in the fight against financial crime.”

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Financial Crimes Crime Risk Assessment AML 64

Fintech News

FEBRUARY 21, 2024

This development is set against the backdrop of evolving financial crimes, which increasingly involve complex, multi-jurisdictional operations. Featured image credit: Edited from Freepik The post How Will MAS New Amendments Impact Financial Crime Enforcement appeared first on Fintech Singapore.

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Financial Crimes Crime Authorization Consulting 97

The Fintech Times

FEBRUARY 18, 2024

NICE Actimize introduces three advanced generative AI-based solutions aimed at combating financial crime and streamlining investigations and reporting processes. “Generative AI is a powerful tool in fighting financial crime,” said Craig Costigan , CEO, NICE Actimize.

Financial Crimes 59

Financial Crimes Crime Suspicious Activity Report (SAR) AI 59

The Payments Association

NOVEMBER 7, 2024

Rather than facing a 49m drop in the water, businesses in the sector are having to find the right balancing act between innovation and compliance. The payment sector is at the front of financial innovation – from Buy Now Pay Later and Apple’s Tap to Cash to digital wallets and virtual credit cards.

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Compliance Innovation Regulations Payments 88

The Fintech Times

FEBRUARY 26, 2024

Two fifths of regulated firms are reporting a rise in financial crime attempts, while more than a quarter admit to being victims, according to a recent survey by SmartSearch, a UK provider of anti-money-laundering software.

Financial Crimes 59

Financial Crimes Crime Legal Money Laundering 59

The Paypers

JANUARY 6, 2023

UK-based credit card startup Yonder has partnered with automated financial crime assurance provider Cable to improve its financial crime compliance and oversight processes.

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Financial Crimes Crime Compliance Credit Cards 36

Fintech Review

NOVEMBER 6, 2024

Dubai, UAE, November 6th, 2024, FinanceWire 1inch is pleased to announce the appointment of Hedi Navazan as 1inch Group’s new Chief Compliance Officer. A strong foundation begins with a culture of security, compliance and a dedication to doing things the right way. Contact PR lead Pavel Kruglov 1inch Labs p.kruglov@1inch.io

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Compliance Financial Crimes Regulatory Compliance Crime 52

The Paypers

SEPTEMBER 19, 2024

US-based Oracle has announced the launch of Oracle Financial Crime and Compliance (FCCM) Management Monitor Cloud Service, enabling banks to identify financial crime risk.

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Financial Crimes Crime Risk Compliance 36

Bank Automation

OCTOBER 17, 2024

TD Bank is bolstering its anti-money-laundering practices with leadership changes and investment in data and technology following regulatory scrutiny resulting in major fines The Financial Crimes Enforcement Network fined the Toronto-based bank $1.3 billion and the U.S. Department of Justice levied $1.8 billion in fines on Oct.

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AML Compliance Money Laundering Financial Crimes 64

The Paypers

SEPTEMBER 11, 2023

France-based technology company Capgemini has agreed to acquire the Financial Crime Compliance division of US-based Exiger.

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Financial Crimes Crime Compliance Acquirers 41

The Payments Association

OCTOBER 17, 2024

For the previous two years, fscom has released a fincrime compliance report to provide insight into our AML/CTF audit service and, more specifically, the compliance challenges regulated and supervised financial services firms face.

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Compliance AML Audit Regulations 88

Finextra

AUGUST 4, 2023

Watch this webinar on the importance of network analytics with financial crime and compliance organisations, and best practices for deploying this technology.

Financial Crimes 52

Financial Crimes Crime Best Practices Risk 52

Finextra

APRIL 29, 2024

Why are banks struggling to keep up with the digitalisation required to mitigate financial crime?

Financial Crimes 52

Financial Crimes Mitigation Crime Compliance 52

Finovate

APRIL 24, 2024

Impact asset manager Finance in Motion has teamed up with financial crime compliance specialist Napier AI. Financial crime compliance company Napier AI announced a partnership with impact asset manager Finance in Motion this week. . London-based Napier AI made its Finovate debut at FinovateEurope in 2018.

Financial Crimes 59

Financial Crimes Crime AI Finance 59

Finextra

APRIL 16, 2024

Watch this webinar on the intersection of document digitisation, anti-money laundering, compliance and fraud across the trade finance space.

Financial Crimes 52

Financial Crimes Compliance Mitigation Money Laundering 52

FICO

NOVEMBER 15, 2022

Siron Financial Crime Solutions Are Moving from FICO to IMTF. FICO is transitioning its Siron ® compliance business to IMTF, a Swiss global leader in regulatory technology, and a partner in the Siron business for more than 20 years. It provides end-to-end governance, risk & compliance solution including: . .

Financial Crimes 52

Financial Crimes Crime Money Laundering Compliance 52

Neopay

OCTOBER 15, 2024

Training and audits are two pillars of compliance. Making training engaging and meaningful Let’s be honest—sitting through three hours of compliance training can feel overwhelming. But compliance training doesn’t have to be monotonous. However, remediation is an internal process where your compliance team addresses those gaps.

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Audit Compliance Assessments Financial Crimes 59

Fintech News

SEPTEMBER 10, 2024

Nium, a global player in real-time cross-border payments, has bolstered its executive leadership with the appointment of Andre Mancl as Chief Financial Officer and Philip Doyle as Chief Compliance Officer. Meanwhile, Doyle will lead Nium’s global risk and compliance programs, ensuring the company meets evolving regulatory requirements.

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Compliance Finance Cross-Border Payments Cross-Border 86

FICO

AUGUST 12, 2021

Financial Institutions’ compliance officers and teams should be concerned that Open Banking may render their existing AML/CTF and KYC compliance programs inadequate. AML compliance has not traditionally focused on monitoring this type of network. Customer data screen-scraping widespread.

Financial Crimes 52

Financial Crimes Compliance Crime Risk 52

The Fintech Times

FEBRUARY 11, 2024

Napier , the London-based global financial crime compliance regtech, has served up new solutions with advanced analytics and intelligent automation embedded into their configuration. The post Napier Launches Two New Service Offerings for Enhanced AML Compliance appeared first on The Fintech Times.

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Compliance AML Financial Crimes Payment APIs and Integration 83

FICO

NOVEMBER 27, 2019

Behind the headlines on financial crime compliance are big challenges. Rapid payments, instant payments, PSD2 have been vehicles to further misuse the financial system for laundering money and harming banks, their customers and the economy worldwide. North American financial services firms nowadays spend more than $31.5

Financial Crimes 52

Financial Crimes Crime Compliance AI 52

The Fintech Times

SEPTEMBER 5, 2024

Moving towards more secure in-person payments In order to strike the balance between ‘openness’, flexibility and security, we need to focus on compliance and adopt high security protocols. This also simplifies PCI compliance, and ensures that merchants never store cardholder data, making it essential for secure, in-person payments.

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Financial Crimes Mitigation Cybersecurity Crime 64

The Paypers

OCTOBER 6, 2022

Regtech provider Know Your Customer and Germany-based AML company Hawk AI have partnered up to improve financial crime compliance in Fintech.

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Financial Crimes Crime Compliance AI 36