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Navigating AML obligations in the age of virtual IBANs

The Payments Association

AI can enhance transaction monitoring, while stronger KYC processes and staff training will help manage risks and maintain compliance. Partnering with regional providers, leveraging AI for fraud detection, and conducting regular audits will ensure compliance, transparency, and operational excellence.

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability. This article explores the key provisions of the Act, the risks businesses must address, and the steps required to mitigate potential liabilities.

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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

Key steps include application review, risk assessment, credit checks, and compliance verification. Merchant account underwriting is the evaluation process payment processors use to assess whether a business meets the criteria for accepting credit card payments. Learn More What is Merchant Account Underwriting?

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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

How digital commerce platforms manage escalating fraud risks while scaling operations. A shift toward AI-driven, integrated fraud management systems aligned with tightening UK regulations. Technology is evolving—But not a silver bullet AI-powered defences are advancing rapidly, from intent-based detection to behavioural biometrics.

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Can Crypto Firms Catch Up on Compliance Gaps as Regulations Evolve?

Fintech News

Identity fraud is a major concern, especially with the use of AI to carry out sophisticated scams. Four Years In, The Compliance Gap in the Travel Rule Still Exists In 2021, the FATF updated its risk-based guidance for virtual assets and VASPs, reinforcing the Travel Rule.

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How Can Fintechs Ensure Traditional Financial Service Providers Place More Emphasis on Inclusivity?

The Fintech Times

Using alternative data sources removes the dependency on ‘credit history; and means banks can carry out faster and higher quality risk assessment and affordability analysis, expanding access to financing for those with limited banking backgrounds. Regulation can kill innovation.

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Payabli raises $28M Series B

Finextra

Joseph Elias Phillips, co-founder and Co-CEO of Payabl, says the new funding will be directed to product development, with a focus on AI-driven features. “We’re fortunate to be experiencing rapid growth at a time when AI is poised to revolutionize the financial services industry," he says.