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. Creditinfo has appointed Rob Meakin as director of fraud and identity to head up this service.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76

Fintech News

MARCH 24, 2025

The report, based on Sumsubs internal identity verification and user activity data from 2023 and 2024, along with a survey of over 300 companies across the crypto, banking, payments, and e-commerce sectors, reveals that APAC was the only region to record a decline in crypto fraud in 2024, with fraud rates dropping from 2.6%

APACS 88

APACS Verification Fraud Detection Money Laundering 88

PYMNTS

DECEMBER 9, 2020

9) that it’s successfully completed its acquisition of GIACT and has expanded its suite of products for fraud prevention and identity verification. GIACT’s real-time payment analytics are a great addition to our existing strength in anti-money laundering and digital identity verification,” he said, according to the release. “We

Fraud Prevention 80

Fraud Prevention Money Laundering Due Diligence Monetary Loss 80

PYMNTS

MARCH 12, 2019

Meanwhile, several global scandals have brought the importance of anti-money laundering (AML) protections to the forefront. The more than $220 billion money laundering scandal involving Estonia-based Danske Bank continues to affect the global banking world. Tapping into Emerging Tech: How Wells Fargo is Fighting Fraud.

Money Laundering 83

Money Laundering AI AML Security 83

Fintech Finance

AUGUST 1, 2024

Research data published by Merchantsavvy shows that cumulative global losses in online payments due to fraud are expected to amount to $343 billion for merchants between 2023 and 2027. In partnership we can identify and stop fraud and financial crime and make the world a safer place to transact.”

Fraud Prevention 98

Fraud Prevention Financial Crimes Technology Crime 98

The Payments Association

FEBRUARY 14, 2025

Open banking enhances competition, consumer choice, and cost efficiency while increasing focus on fraud prevention and consumer protection to support wider adoption. Firms engaging with cryptoassets must already navigate UK financial promotions and anti-money laundering rules, with further oversight expected.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

The Fintech Times

MARCH 31, 2025

Additionally, it underscores opportunities for stakeholders within the European financial industry to align their priorities for financial crime prevention, collaborate across sectors and borders, and expedite innovation through advanced technology.

Cross-Border 64

Cross-Border Addressing Financial Crimes Elder Abuse 64

Clearly Payments

NOVEMBER 13, 2024

Key areas of compliance include: Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies : Processors must implement AML and KYC procedures to prevent fraud and money laundering. Testing should also cover security measures, such as encryption and tokenization, to protect cardholder data.

Process 104

Process Processors Payments Compliance 104

PYMNTS

FEBRUARY 8, 2019

That holds true for money launderers as well. Their particular business benefits from such shifts, as the best money launderers seek out new holes in anti-money laundering (AML) defenses, and new ways to escape the notice of law enforcement and regulators. One factor is lack of awareness.

Money Laundering 77

Money Laundering Law Enforcement Credit Cards AML 77

The Payments Association

NOVEMBER 12, 2024

The choice affects compliance, efficiency, and fraud prevention capabilities. In response, regulatory bodies like the Financial Conduct Authority are tightening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, levying steep penalties for non-compliance. What is this article about?

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

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. Macquarie Capital joines Hawks’ existing investor group, which includes Rabobank , BlackFin Capital Partners, Sands Capital, DN, Picus, and Coalition.

AI 105

AI Financial Crimes Fraud Prevention Security 105

Payments Source

OCTOBER 1, 2020

From a fraud prevention perspective, there are several difficulties in detecting and stopping funeral home fraud, says The ai Corporation’s James Crawshaw.

Fraud Prevention 165

Fraud Prevention Risk AI Payments 165

Fintech News

SEPTEMBER 2, 2024

These include AML (anti-money laundering) screening, KYC (Know-Your-Customer) and KYB (Know-Your-Business) processes, as well as ongoing transaction monitoring and fraud prevention. LDP also facilitates compliance across new markets, supporting businesses as they expand globally.

APACS 117

APACS Privacy Regulations Fraud Prevention 117

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. It also minimises the risk of penalties associated with non-compliance.

Verification 68

Verification Checks Security Identity Theft 68

Fintech News

FEBRUARY 14, 2024

Hawk AI, a Germany-based provider of artificial intelligence technology for fraud detection and anti-money laundering efforts, has announced Robin Lee as the new General Manager for its Asia-Pacific (APAC) operations. We’re excited to have someone of his caliber onboard.”

APACS 111

APACS AI Financial Crimes Money Laundering 111

Fintech News

JUNE 19, 2024

Finastra’s clients will gain access to Sumsub’s comprehensive suite, including Know-Your-Customer (KYC), Know-Your-Business (KYB), fraud prevention, and transaction monitoring tools. ” said Martin ten Houten, VP of Business Development, Europe at Sumsub.

Compliance 107

Compliance Due Diligence Fraud Prevention Money Laundering 107

Finextra

JANUARY 22, 2024

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a top-tier regtech company specializing in anti-money laundering and financial fraud prevention.

Compliance 84

Compliance Money Laundering Fraud Prevention 84

Fraud.net

DECEMBER 9, 2024

Discover why traditional fraud prevention strategies are inadequate, and how AI fraud prevention is a proactive approach to modern threats."

Fraud Prevention 52

Fraud Prevention AI Real Time Payments Money Laundering 52

Fintech News

MARCH 20, 2024

Sumsub, a global verification provider, is addressing the sharp increase in fraud networks in the Asia-Pacific (APAC) region with its enhanced Fraud Prevention Solution. This tool is designed to help businesses tackle fraud rings, account takeovers, chargeback fraud, and bot attacks.

APACS 107

APACS Fraud Prevention Deepfake Account Takeovers 107

Fraud.net

DECEMBER 22, 2024

Explore future trends in fraud prevention and how AI helps businesses stay ahead of emerging threats and evolving tactics.

Fraud Prevention 52

Fraud Prevention AI Real Time Payments Money Laundering 52

Seon

JULY 11, 2024

With fraud alone estimated to cost the global economy $3.7 trillion a year, and the current state of money laundering, which touches two to five percent of the global GDP, the financial impact of these crimes is staggering. More on Fraud and AML Integration Equip your team with the knowledge and tools to excel.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Seon

MAY 23, 2024

across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. Safeguard Your Business, Protect Your Future Don’t let fraud drain your resources.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

BioCatch

FEBRUARY 3, 2025

The UKs Financial Conduct Authority (FCA) recently completed its review of the UKs National Fraud Database (NFD) a cross-sector fraud prevention tool in the UK, maintained by the non-profit Cifas.

Money Laundering 40

Money Laundering Fraud Prevention Database Participant 40

Seon

APRIL 11, 2024

Financial institutions worldwide are continuously evolving their strategies to combat fraud and money laundering, two threats that undermine the potential of our global financial systems. With the United Nations reporting that three to five percent of the global GDP is laundered annually and fraud costs worldwide reaching $5.13

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

PYMNTS

JUNE 24, 2019

Amid the announcement of a new cryptocurrency – that would be Libra – the Financial Action Task Force (FATF), which operates as global regulatory firm based in Paris with a membership roster of countries such as China and the United States, has said it will boost its examination of digital currencies with an eye on money laundering.

Money Laundering 51

Money Laundering Regulations Office of the Comptroller of the Currency Multi-Currency 51

Fraud.net

DECEMBER 17, 2024

Learn how AI in fraud prevention provides real-time detection, reduces false positives, and boosts operational efficiency.

Fraud Prevention 52

Fraud Prevention AI Real Time Payments Money Laundering 52

Payments Source

SEPTEMBER 16, 2019

As anti-money laundering requirements tighten in many jurisdictions, financial institutions and fraud prevention platforms are ditching legacy AML solutions for newer technology — but alternatives aren’t easy to come by yet.

AML 75

AML Money Laundering Fraud Prevention Compliance 75

Fintech News

JULY 10, 2024

These partnerships aim to enhance fraud prevention efforts and strengthen the business environment in the region. Sumsub reports significant increases in fraud, particularly in deepfakes, across the Philippines, Indonesia, and Malaysia.

Identity Theft 107

Identity Theft APACS Deepfake Money Laundering 107

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. Together we can help financial institutions adapt and thrive in the new world of digital payments and enhanced security by democratising secure, robust fraud prevention tools.”

Process 95

Process Verification Money Laundering AML 95

The Payments Association

DECEMBER 11, 2024

Digital payments demand advanced fraud prevention, blending AI and human intelligence to counter evolving threats while ensuring seamless user experiences. Multifaceted approaches to fraud prevention Effective fraud prevention now requires a combination of technological and human intelligence, transcending traditional security models.

Fraud Prevention 88

Fraud Prevention Risk Assessment Payments Account Takeovers 88

The Payments Association

MARCH 25, 2025

The fintech sector is evolving rapidly, transforming financial transactions, but it is also facing growing regulatory scrutiny and risks, such as fraud and cybersecurity threats. As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

Fintech Finance

AUGUST 19, 2024

Unit21 , a global risk and compliance leader that proactively mitigates risks tied to fraud, money laundering, and other financial crimes, today announced a new bundle of features for Automated Clearing House (ACH) transactions.

ACH 52

ACH Fraud Prevention AI Same Day ACH 52

Fraud.net

DECEMBER 4, 2023

Learn how to utilize Fraud.net’s fraud prevention maturity model to optimize your risk management strategy and leverage machine learning.

Fraud Prevention 52

Fraud Prevention Risk Management Risk Money Laundering 52

Fintech News

OCTOBER 22, 2024

The digital initiative aims to bolster the defense against money laundering, terrorism financing, and the proliferation of weapons of mass destruction, allowing major commercial banks to share financial crime risk information with one another if stipulated thresholds are met. About 55.3% Only 27.7%

APACS 120

APACS Online and Mobile Banking Fraud Prevention Fraud Detection 120

The Fintech Times

JUNE 27, 2024

Synthetic identities are used to commit a wide range of digital and financial crimes such as money laundering , payment frauds and promo abuse. Marko Maras, CEO of TrustFull “At Trustfull, we’re committed to empowering businesses with robust fraud prevention solutions,” said Marko Maras , CEO of Trustfull.

Payment APIs and Integration 90

Payment APIs and Integration Fraud Prevention Financial Crimes Money Laundering 90

Finextra

JULY 26, 2024

Money launderers are increasingly using cryptocurrencies to conceal the origins and movement of ille.

Fraud Prevention 52

Fraud Prevention Money Laundering Origination Cryptocurrency 52

Fintech Review

APRIL 17, 2025

Regulators are closely monitoring this space, ensuring that digital banking providers comply with data protection laws, anti-money laundering regulations, and operational resilience standards. Artificial intelligence will play a larger role in financial advice, fraud prevention, and personalised product recommendations.

Online and Mobile Banking 59

Online and Mobile Banking Embedded Finance Multi-Currency Money Laundering 59