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

Fintech Finance

JUNE 3, 2025

ThetaRay , a global leader in Cognitive AI financial crime compliance, and Spayce , a cross-border payments platform, today announced a strategic partnership to combat evolving financial threats and enhance global payment security. The collaboration will be officially unveiled at Money 20/20.

Financial Crimes 52

Financial Crimes Crime Global Payments AI 52

Finextra

JUNE 5, 2025

A project by the Bank of England and the London BIS Innovation Hub to use AI to spot unfolding and novel financial crime patterns in real-time retail payment systems showed promise but threw up a number of limitations to its efficacy.

Real Time Payments 80

Real Time Payments AI Financial Crimes Crime 80

Finovate

FEBRUARY 10, 2025

A newly announced strategic partnership between Backbase and Feedzai aims to bring advanced financial crime prevention technology to engagement banking. ” Headquartered in San Mateo, California, Feedzai offers technology that leverages AI to help businesses fight fraud and financial crime. .

Financial Crimes 64

Financial Crimes Crime Fraud Prevention Account Takeovers 64

Fintech News

APRIL 14, 2024

Pan-Asian life and health insurer AIA has partnered with regtech firm Silent Eight , which specialises in AI-driven compliance solutions. This collaboration will involve the deployment of Silent Eight’s AI platform, Iris , to enhance AIA’s financial crime compliance screening processes across multiple jurisdictions.

Financial Crimes 116

Financial Crimes Crime Compliance AI 116

Fintech Finance

DECEMBER 11, 2024

To better combat fraud in cross-border payments, Swift, the global provider of secure financial messaging services, is working with Google Cloud to develop anti-fraud technologies that use advanced AI and federated learning. This is a global epidemic that demands a collaborative effort to achieve meaningful change.

SWIFT 95

SWIFT AI Cross-Border Payments Privacy 95

The Fintech Times

FEBRUARY 19, 2025

Feedzai , an AI solution provider in financial crime prevention, is teaming up with payments giant Mastercard , to makeit easier for more banks to identify and stop scams, protecting consumers and businesses globally. As payments continue to evolve, fraudsters are increasingly using AI to scam consumers.

Visa 59

Visa AI Consumer Scams 59

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

Privacy 88

Privacy Payment Security AI Security 88

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

JANUARY 21, 2025

This report provides a comprehensive analysis of the key trends defining the payments sector in 2024, highlighting the opportunities for strategic growth, as well as the challenges posed by regulatory pressures, financial crime, and evolving infrastructure demands.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

Finovate

JANUARY 30, 2025

Advances in everything from digital engagement to AI have revolutionized banking and financial services. Unfortunately, these same technologies and innovations have spawned a new generation of financial criminals whose malicious activity can be launched from anywhere in the world and impact thousands, if not millions, of individuals.

Financial Crimes 52

Financial Crimes Crime White Collar Crime AML 52

The Payments Association

MAY 21, 2025

We’re excited to share that Lynx has won the Anti-Fraud Solution of the Year award at the 2025 FSTech Awards, a celebration of financial services innovation in the UK and EMEA. Financial institutions (FIs) grapple with complex, interconnected fraud and financial crime challenges.

Fraud Prevention 88

Fraud Prevention Fraud Detection Financial Crimes Crime 88

Fintech News

FEBRUARY 4, 2025

.” While only 1% of banks surveyed have successfully automated the majority of their KYC and onboarding workflows, the report reveals a growing interest in AI-driven solutions. 38% of respondents indicated plans to implement AI to enhance operational efficiency, while 30% aim to improve data accuracy with AI-powered tools.

Money Laundering 119

Money Laundering Due Diligence AML Financial Crimes 119

Fintech Review

FEBRUARY 6, 2025

The collaboration integrates Feedzai’s Digital Trust solutions with Backbase’s Engagement Banking Platform , offering financial institutions tools designed to enhance fraud prevention, support secure banking environments, and optimize digital customer experiences. Users can visit www.backbase.com for more.

Financial Crimes 52

Financial Crimes Crime Fraud Prevention Risk Assessment 52

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

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 104

Financial Crimes Crime APACS Risk Assessment 104

The Payments Association

APRIL 7, 2025

SNEAK PEE K: Unveiled: Key Financial Crime 360 findings July 16, 2024 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Why is it important?

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Fintech Finance

DECEMBER 19, 2024

Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks.

Fraud Prevention 97

Fraud Prevention Value Added Service Financial Crimes AI 97

Finovate

FEBRUARY 3, 2025

UK-based financial crime compliance solutions company Napier AI has received a majority growth investment from Marlin Equity Partners. Today’s funds add to Napier AI’s existing $55.8 Financial crime compliance solutions company Napier AI has received a majority growth investment from Marlin Equity Partners.

AI 52

AI Financial Crimes Money Laundering AML 52

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

JUNE 6, 2025

The Bank for International Settlements (BIS) has partnered with the Bank of England (BoE) to test AI techniques to spot criminal activity in retail payments data.

Financial Crimes 36

Financial Crimes Retail Payments AI Crime 36

Finextra

JULY 30, 2024

AI-powered financial crime detection specialist ThetaRay has acquired screening company Screena. Financial terms were not disclosed.

Financial Crimes 64

Financial Crimes Crime AI Acquirers 64

The Payments Association

APRIL 7, 2025

The findings reflect professionals’ perspectives across various seniority levels and industry segments, including banking, digital assets, and financial crime prevention, among others. It serves as a valuable resource for stakeholders seeking to navigate the complexities of this dynamic sector.

Financial Crimes 88

Financial Crimes Interoperability Crime Payments 88

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. Robin Lee Robin Lee said, “I’m delighted to be joining Hawk AI. I’ve also been deeply impressed by the Hawk AI team.

APACS 113

APACS AI Financial Crimes Money Laundering 113

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. This new funding aims to enhance Hawk’s international growth as demand for its AI-powered anti-financial crime technology continues to rise.

AI 107

AI Financial Crimes Fraud Prevention Security 107

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 Money Laundering AI Financial Crimes 112

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

Fintech News

OCTOBER 16, 2024

Swift, the global financial messaging network, is launching a new AI-powered service to help banks fight financial crime. Swift aims to address the growing sophistication of financial criminals and the rising cost of fraud, estimated at US$485 billion globally in 2023.

Fraud Detection 109

Fraud Detection SWIFT AI Financial Crimes 109

Fintech News

MAY 13, 2024

Banking software company Temenos announced the launch of its new Responsible Generative AI solutions, aimed at enhancing core banking operations at the Temenos Community Forum 2024. The company introduced these AI solutions to integrate with its existing banking platforms, including Temenos Core and Financial Crime Mitigation (FCM).

AI 110

AI Financial Crimes Crime Mitigation 110

The Fintech Times

MARCH 31, 2025

As cross-border transactions grow in Europe, the cloud-based financial crime management technology solutions provider, Nasdaq Verafin has revealed that these payment channels are opening up more passageways for fraud to take place, as $194.9billion was moved across borders in 2023; more than a quarter of the total fraud figure in 2023 ($750billion).

Cross-Border 64

Cross-Border Addressing Financial Crimes Elder Abuse 64

Finovate

AUGUST 13, 2024

Financial crime compliance platform Lucinity announced a strategic partnership with AI data management company Knights Analytics. The partnership will bring advanced AI-powered data management capabilities to bear to fight financial crime.

Financial Crimes 59

Financial Crimes Crime Compliance AI 59

The Payments Association

APRIL 28, 2025

It highlights how industry leaders are prioritising AI, cross-border payments, and digital currencies while grappling with regulatory, technological, and customer demands. Financial crime and cyber security threats are identified by 9% of respondents, underlining the importance of maintaining robust defences as digital payments expand.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Financial Crimes 88

Finextra

APRIL 2, 2025

Nice Actimize, a NICE (NASDAQ: NICE) business, today announced the availability of the next generation X-Sight ActOne which expands upon the robust and open architecture of X-Sight with Agentic AI capabilities that are foundational to transforming fraud and financial crime prevention programs.

Financial Crimes 59

Financial Crimes Crime AI 59

The Fintech Times

FEBRUARY 22, 2024

When you think about financial technology, it is easy to think about solutions which are making payments faster, easier and more accessible. In January 2024, we focused on generative artificial intelligence (AI) and how it has emerged onto the fintech scene following its boom in 2023.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

The Payments Association

MAY 15, 2025

With the advance of AI innovation continuing to accelerate, the payments industry is today exploring a wider range of AI use cases than ever before. Perhaps the primary focus in scaling Banking Circles payments flow is the need to embed financial crime requirements into the payment journey.

AML 88

AML AI Financial Crimes Process 88

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 137

Financial Crimes Security Crime Cross-Border Payments 137

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 Financial Crimes AI 109