The Payments Association

APRIL 24, 2024

ComplyAdvantage acquires Golden to enhance its AI-driven financial crime risk management solutions with advanced data integration capabilities Read more

Financial Crimes 88

Financial Crimes Crime Acquirers Risk Management 88

The Paypers

FEBRUARY 26, 2024

The Financial Action Task Force (FATF) has announced that it has dropped the UAE from its grey list regarding concerns about financial crime and money laundering.

Financial Crimes 90

Financial Crimes Crime Money Laundering 90

The Payments Association

JUNE 7, 2024

AI's data analysis superpowers are revolutionising financial crime prevention, spotting fraud patterns in real-time, even for small transactions, but good data and industry collaboration are key. Read more

Financial Crimes 88

Financial Crimes Crime AI Transactions 88

The Payments Association

JUNE 7, 2024

With Financial Crime 360 around the corner, Payments Review spoke to some of the leading figures working tirelessly to combat the growing issue of financial crime within the payments ecosystem. Read more

Financial Crimes 88

Financial Crimes Crime Payments 88

The Payments Association

SEPTEMBER 10, 2024

The Financial Crime 360 survey reveals how the industry is tackling evolving threats like AI-driven fraud, emphasising the need for collaboration, innovation, and updated regulations to effectively combat financial crime in 2024. Read more

Financial Crimes 88

Financial Crimes Crime AI Regulations 88

The Payments Association

OCTOBER 20, 2023

Richard Dunlop of fscom summarises the major points of the 2023 Financial Crime Compliance Report and highlights key issues in anti-money laundering strategies that have been identified. Read more

Financial Crimes 88

Financial Crimes Crime Compliance Money Laundering 88

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 85

Financial Crimes Crime APACS Risk Assessment 85

The Payments Association

DECEMBER 7, 2023

The Payments Association’s annual Financial Crime 360 conference took place at the Royal Lancaster Hotel in London on Tuesday, 21 November. Hundreds of industry professionals from across the payments industry heard from some of the sector’s most important voices on the ever-present issue of financial crime and its solutions.

Financial Crimes 88

Financial Crimes Crime Payments 88

Finextra

APRIL 17, 2024

Revolut, the global financial app with more than 40 million customers worldwide, has today announced the release of its first Financial Crime and Consumer Security Report, containing exclusive scam and fraud insights.

Financial Crimes 72

Financial Crimes Crime Consumer Security 72

The Paypers

OCTOBER 2, 2024

The Financial Conduct Authority has imposed a GBP 29 million fine on Starling Bank as the latter did not meet financial crime systems and controls requirements.

Financial Crimes 74

Financial Crimes Crime Authorization 74

Finextra

JANUARY 24, 2024

The London innovation hub of the Bank for International Settlements is inviting applications for an expert advisory group on a Bank of England-led project on financial crime fighting.

Financial Crimes 78

Financial Crimes Crime Advisors Settlement 78

Finovate

DECEMBER 11, 2024

ThetaRay launched GenAI Financial Crime Detection Suite. The GenAI Financial Crime Detection Suite enables financial institutions to improve AML efforts, streamline compliance, and proactively manage risk indicators. Vice President Yina Arenas.

Financial Crimes 59

Financial Crimes Crime Money Laundering Risk Assessment 59

The Paypers

SEPTEMBER 25, 2024

A recent report by RedCompass Labs has revealed that US banks believe they are significantly behind criminals when it comes to detecting financial crimes.

Financial Crimes 69

Financial Crimes Crime 69

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

The Fintech Times

SEPTEMBER 25, 2024

Despite conceding that that criminals have an eight-month head start, 75 per cent of banks feel confident they can close this gap and 25 per cent feel they could ‘maybe’ catch up and reduce the abundance of financial crimes. The research, ‘ Financial crime detection: What holds banks back?

Financial Crimes 69

Financial Crimes Crime AI Addressing 69

Neopay

DECEMBER 5, 2024

The Financial Conduct Authority (FCA) has issued important updates to its Financial Crime Guide, following a public consultation on proposed changes. How Neopay can support your firm The FCA’s changes mean that firms must reassess and potentially update their financial crime systems and controls.

Financial Crimes 52

Financial Crimes Crime Money Laundering Risk Assessment 52

Finextra

OCTOBER 23, 2024

In a conversation ahead of Sibos 2024, Laura Quevedo, Executive Vice President of Financial Crime and Resiliency at Mastercard, highlights the growing threat of financial scams in the digital age, with cybercriminals increasingly using AI to exploit consumers.

Financial Crimes 59

Financial Crimes Crime AI Fraud Detection 59

Finextra

NOVEMBER 28, 2024

European RegTech scale-up Salv has announced the launch of its Collaborative Scenario Library, an innovative tool designed to help AML teams improve their transaction and customer monitoring in order to catch more financial crime.

Financial Crimes 52

Financial Crimes Crime AML Innovation 52

Neopay

NOVEMBER 13, 2024

The Financial Conduct Authority (FCA) recently levied a substantial £16,675,200 fine against Metro Bank PLC (Metro) for significant shortcomings in its financial crime prevention systems and controls. This ensures that appropriate systems and controls are in place to identify, prevent and manage financial crime risks.

Financial Crimes 52

Financial Crimes Crime Due Diligence Compliance 52

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.

Financial Crimes 64

Financial Crimes Crime Compliance Due Diligence 64

Finextra

OCTOBER 31, 2024

WWF today launches a new Environmental Crime Financial Toolkit at the COP16 nature summit in Cali, Colombia, that will help financial institutions minimise their exposure to environmental financial crime worth US$110-281 billion annually and growing by 5 – 7 percent every year according to INTERPOL.

Financial Crimes 52

Financial Crimes Crime 52

The Fintech Times

SEPTEMBER 23, 2024

But another important area to consider is collaboration, between the financial institutions and regulators that many consider to be poised against one another. If working together was easier or more encouraged, how much more of an impact could both parties have in fighting against financial crime?

Financial Crimes 59

Financial Crimes Crime Regulations Compliance 59

Fintech News

OCTOBER 21, 2024

This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology. Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively. The sum was not disclosed.

Financial Crimes 130

Financial Crimes Security Crime Cross-Border Payments 130

Finextra

NOVEMBER 12, 2024

The UK's Financial Conduct Authority has fined Metro Bank £16.7 million for financial crime failings after a new transaction monitoring system implemented in 2016 went on the blink.

Financial Crimes 59

Financial Crimes Crime Authorization Transactions 59

Finextra

SEPTEMBER 27, 2024

Finextra this week released new research investigating how institutions globally are tackling the mounting issue of trade-based financial crime (TBFC).

Financial Crimes 59

Financial Crimes Crime Research 59

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

BioCatch

OCTOBER 30, 2024

Funds from illicit activities – from financial fraud and terrorist financing to drug and human trafficking, flow across multiple institutions and jurisdictions every day.

Financial Crimes 52

Financial Crimes Crime Law Enforcement Money Laundering 52

Fintech News

JUNE 3, 2024

A 2023 research by Moody’s Analytics revealed a wealth of corporate structures enabling sanctions evasion, money laundering, fraud, and other financial crimes. Financial crime poses a significant challenge globally, with the UNODC estimating that a staggering US$800 billion to US$2 trillion is laundered annually worldwide.

Money Laundering 122

Money Laundering Financial Crimes Crime APACS 122

The Fintech Times

SEPTEMBER 5, 2024

The post Strengthening Cybersecurity and Mitigating Financial Crimes in a Cashless World appeared first on The Fintech Times.

Financial Crimes 64

Financial Crimes Mitigation Cybersecurity Crime 64

Finextra

NOVEMBER 12, 2024

This enhancement equips financial institutions with real-time vessel tracking and AI-driven monitoring, both crucial for addressing the escalating challenges of trade-based financial crime.

Financial Crimes 52

Financial Crimes Crime AI Addressing 52

Fintech Finance

JUNE 20, 2024

Flutterwave , Africa’s leading payments technology company, has committed to partnering with Nigeria’s Economic and Financial Crimes Commission (EFCC) to establish and lead a state-of-the-art Cybercrime Research Center.

Financial Crimes 97

Financial Crimes Crime FBI Law Enforcement 97

Fintech News

FEBRUARY 14, 2024

Lee brings extensive experience in regulatory technology and anti-financial crime, with previous positions at Thomson Reuters, LSEG, Refinitiv and Napier Technologies, where he spearheaded the APAC division. They’re an exceptional group of people, combining world-class technologists and seasoned financial crime-fighters.

APACS 112

APACS AI Financial Crimes Money Laundering 112

Finovate

APRIL 9, 2024

At the conference, Lucinity demonstrated its AI-enabled copilot, Luci , which enhances financial crime compliance via insight generation, report writing, and automation. “And with that story, we’re enabling the financial crime investigators to take the investigation time from hours to minutes.”

Automation 109

Automation Innovation AI Financial Crimes 109

Fintech Finance

AUGUST 5, 2024

David is a technology visionary in the fields of identity, data, and combating financial crime and fraud, with a diverse background that includes experience in startups, scale-ups, consulting, and corporations. He will assume his position on August 19, 2024.

Technology 124

Technology Financial Crimes Verification Crime 124

The Payments Association

APRIL 24, 2024

The 2024 assessment reveals evolving financial crime trends, including AI fraud and social media exploitation, providing crucial insights for payment firms to fortify consumer trust and operational security. Read more

Financial Crimes 100

Financial Crimes Crime Assessments AI 100

Finovate

AUGUST 26, 2024

As summer draws to a close, there may be a big acquisition on the horizon in the fraud and financial crime prevention space. Fraud and financial crime prevention Is Visa looking to acquire fraud fighting platform Featurespace ?

FinTech 115

FinTech Financial Crimes Crime Payroll 115

The Payments Association

SEPTEMBER 27, 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 sharing sensitive data.

AI 88

AI Financial Crimes Security Crime 88