Fintech Finance

OCTOBER 30, 2024

” – Head GRC Consultant for Europe & APAC, Finance Advisory at EPAM Systems (CH) GmbH “Incredible lineup of speakers with so many different topics of discussion; innovation, the way the future of payments looks! .”- Partner at Grant Thornton Cyprus “Perfectly organised!

Compliance 98

Compliance AML Money Laundering Payments 98

Fintech News

JUNE 16, 2025

The collaboration combines Experian’s data capabilities with GBG’s greenID platform to support real-time identity verification across banks, fintechs, telcos, utility providers, legal and AML-regulated sectors, as well as non-regulated businesses looking to reduce fraud risks. said Carol Chris, General Manager APAC at GBG.

APACS 69

APACS Verification Fraud Prevention AML 69

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. said Penny Chai, Vice President of Business Development, APAC at Sumsub.

Verification 69

Verification Checks Security Due Diligence 69

Fintech News

MAY 22, 2024

Data analytics company LexisNexis estimates that the cost of financial crime compliance in APAC will approach the US$45 billion mark in 2023, showcasing the substantial investment required to meet stringent compliance requirements. Today, we delve into these firms’ offerings, recent strides and contributions to the field.

Financial Crimes 98

Financial Crimes Crime APACS Risk Assessment 98

Finovate

NOVEMBER 27, 2024

Digital identity and fraud prevention solutions provider Signicat has forged a strategic partnership with APAC-region data specialist AsiaVerify. ” AsiaVerify is Signicat’s first APAC-specific data provider, offering real-time access to authoritative data from official sources in countries like China and Singapore. .

Compliance 65

Compliance APACS Regulatory Compliance Fraud Prevention 65

PYMNTS

SEPTEMBER 24, 2020

In a Masterclass interview with PYMNTS, Tom Donlea , vice president and general manager, APAC at global identity verification provider Ekata , said Asia offers greenfield opportunities — and some areas of risk — for merchants looking to offer digital wallets. For the firms that get it right, the opportunity within APAC is significant.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

Fintech News

OCTOBER 22, 2024

In Asia-Pacific (APAC), fraud is becoming an increasingly serious challenge for financial institutions, an issue that has been exacerbated by the rapid adoption of digital transactions and online banking. A year later, Kathmandu-based NIC Asia Bank suffered a major heist, with hackers managing to make about US$4.4

APACS 122

APACS Online and Mobile Banking Fraud Prevention Fraud Detection 122

Fintech News

JUNE 3, 2024

The Asia-Pacific (APAC) region faces significant challenges in combating money laundering due to its diverse economies, large volume of cross-border trade, and varying levels of regulatory enforcement across different countries — the trends of money laundering in Asia Pacific are constantly evolving.

Money Laundering 126

Money Laundering Financial Crimes Crime APACS 126

Fintech News

JULY 10, 2024

Governments in these countries have responded by tightening regulations in the KYC (know-your-customer) and AML (anti-money laundering) sectors. Sumsub established its first APAC headquarters in Singapore in July 2023. The post Sumsub Bolsters Presence in Southeast Asia with New Partnerships appeared first on Fintech Singapore.

Identity Theft 108

Identity Theft APACS Deepfake Money Laundering 108

The Fintech Times

AUGUST 17, 2024

From a global standpoint, financial regulators levied 80 fines in the first half of 2024, totalling $263,252,003 for non-compliance with anti-money laundering (AML) regulations. The most significant increase in enforcement action values relate to AML which increased by 87 per cent to $113.2million. What is causing the fines?

APACS 59

APACS Suspicious Activity Report (SAR) Office of the Comptroller of the Currency Financial Crimes 59

Fintech News

OCTOBER 23, 2024

Banks are facing mounting pressure to offer seamless and convenient digital experiences while also adapting to changing regulatory frameworks surrounding know-your-customer (KYC) and anti-money laundering (AML), he said. Legacy technologies are hindering this adaptation, prompting increased investments in digital solutions.

Finance 117

Finance APACS Multi-Currency Origination 117

Fintech News

JUNE 11, 2024

Hawk, a German regtech company with a presence in the APAC region , has announced the extension of its Series B funding round. Hawk’s explainable AI enables financial institutions to enhance their financial crime detection and prevention capabilities while maintaining regulatory compliance for AML/CFT. The sum was not disclosed.

Financial Crimes 109

Financial Crimes Crime Regulatory Compliance Fraud Prevention 109

Fintech Review

MAY 4, 2025

This guide covers the top 100 fintech tools across key categories including banking APIs, billing, KYC/AML, FX, crypto tools, and open banking. KYC, AML & Identity Verification Platforms Next in the top 100 fintech tools and platforms is compliance. Best for : Finance teams aiming to improve DSO and cash flow forecasting.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76

Fintech Finance

FEBRUARY 24, 2025

Global working capital tech player, CredAble partners with Chekk , a leader in digital identity and Know Your Customer (KYC) solutions provider, to streamline the onboarding and compliance workflows of Financial Institutions (FIs) in regions like the APAC, MENA, and Europe.

AML 59

AML Underwriting Security Verification 59

FICO

JUNE 12, 2020

Stopping financial crime in Australia is an age-old problem, but today’s criminals have become so sophisticated that long-standing anti-money laundering (AML) systems and processes are no longer keeping up. Convergence—that is, bringing together fraud and AML functions—will be key, as well as moving on from rule-based AML systems.

Financial Crimes 52

Financial Crimes Crime Money Laundering AML 52

PYMNTS

OCTOBER 14, 2019

dollar as their currency of choice on the black market, which means American banks must alter their anti-fraud and AML strategies — especially as regulatory fragmentation divides the U.S. FIs need AML strategies that can respond to these larger trends while maintaining quick service for businesses and consumers.

AML 43

AML Money Laundering Consumer Financial Protection Bureau (CFPB) Innovation 43

FICO

APRIL 23, 2019

AI AML Models: Solving a Big Problem. Lexis Nexis reports that the average cost of compliance for financial institutions in APAC is as high as $1.5 AI AML Models: Reducing 90% of False Positives. AI AML Models: Adding Scores To What You Have. Money never sleeps, as they say. So, here’s the key problem.

AML 40

AML AI Money Laundering APACS 40

FICO

SEPTEMBER 16, 2020

FICO’s Integrated AML Compliance Survey has revealed that while the vast majority of banks in more than 11 countries around the Asia Pacific region believe that AI will strengthen anti-money laundering efforts, many remain unsure how to operationalize the advanced technology. Key drivers of financial crime strategy.

Money Laundering 52

Money Laundering Financial Crimes AI APACS 52

FICO

JANUARY 30, 2019

As business volumes and data complexity increase exponentially, AML compliance has taken on a bigger role. 3) AI in AML: AI has been a long-discussed topic, but in 2019 there is a race among lenders to tangibly apply it and operationalize it. The post 5 Reasons Why AML is More Important Than Ever in 2019 appeared first on FICO.

AML 45

AML Money Laundering Financial Crimes Compliance 45

FICO

JUNE 20, 2019

The region’s changing regulations (28%) and the need to create digital know-your-customer (KYC) and anti-money laundering (AML) (21%) solutions were cited as the two key challenges for APAC banks looking to acquire new customers online. “In The post 3 in 5 APAC Banks Do Not Have Full Digital Account Opening appeared first on FICO.

APACS 40

APACS Accounts Money Laundering AML 40

PYMNTS

OCTOBER 24, 2016

In a press release Trulioo said it is expanding its reach into APAC countries to include coverage in Indonesia and Vietnam; and LATAM with Costa Rica, Colombia, and Argentina among others. Adopting transparency is key, and failing to meet KYC and AML obligations could mean severe fines.

Money Laundering 73

Money Laundering Online and Mobile Banking Cross-Border Payment APIs and Integration 73

FICO

JUNE 20, 2019

The region’s changing regulations (28%) and the need to create digital know-your-customer (KYC) and anti-money laundering (AML) (21%) solutions were cited as the two key challenges for APAC banks looking to acquire new customers online. “In Full Digital Account Opening – Challenges.

APACS 40

APACS Accounts Money Laundering AML 40

FICO

FEBRUARY 27, 2019

Most respondents (62%) said that a lack of resources was the biggest reason APAC banks remained exposed; 25 percent cited a lack of expertise while 13 percent indicated it was political constraints imposed by government. Asian Money Laundering Scandals: AML Solution Capabilities. It is a large problem to solve.

Money Laundering 45

Money Laundering Breach AML APACS 45

PYMNTS

JANUARY 12, 2021

There is also no shortage of faster payments schemes coming online or already online, and know your customer/anti-money laundering (KYC/AML) screening activities must be refined (especially when regulations change).

Payment APIs and Integration 104

Payment APIs and Integration Payments B2B Money Laundering 104

Finovate

MARCH 20, 2024

The move comes in the wake of a report from the digital fraud detection innovator that noted rapidly growing incidents of financial cybercrime in the APAC region. “Pre-crime logistics visibility and criminal network intelligence are vital to combatting these threats.” BioCatch Connect works on three levels.

Fraud Prevention 59

Fraud Prevention Fraud Detection APACS Financial Crimes 59

The Fintech Times

JUNE 20, 2024

This integration will enable banks to onboard new users swiftly, perform anti-money laundering (AML) screening on customers, verify business clients, and monitor for fraud and suspicious transactions with the option to adopt and manage all features through a single platform. Last year, the APAC region saw a spike in reported fraud crimes.

Compliance 59

Compliance Process APACS Money Laundering 59

Fintech News

SEPTEMBER 9, 2024

Frederic Ho, who is the APAC VP at Jumio , a global provider of automated, AI-driven identity verification said that online identity verification plays an important role in digital transformation to ensure the transacting person is who they claim to be.

Deepfake 128

Deepfake PCI DSS Verification Financial Inclusion 128

Finovate

JUNE 11, 2024

” Hawk, which rebranded from “Hawk AI” earlier this year, offers anti-money laundering (AML) and counter-the-financing-of-terrorism (CTF) technology that leverages explainable AI to detect more financial crime and reduce false positives.

Financial Crimes 59

Financial Crimes AML Crime AI 59

Fintech News

JULY 3, 2024

The ambitious initiative is targeting to transform cross-border payments in Southeast Asia (ASEAN) initially, before the broader Asia Pacific (APAC) region and, eventually, the world. How Does Project Nexus Work? Nexus is designed to standardise the way domestic payment systems connect with each other across borders.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Instant Payments Central Bank 117

FICO

FEBRUARY 24, 2022

In one of our recent FICO surveys it was revealed that 71% of APAC banks believe that the convergence of their fraud and AML compliance functions will improve the ability to stop fraud and financial crimes. . Explore our AML solutions. How FICO Can Help You Prevent Financial Crime. Learn more about how to fight money muling.

Money Laundering 52

Money Laundering Financial Crimes Crime AML 52

The Fintech Times

NOVEMBER 26, 2024

He also held senior roles covering anti-money laundering (AML) and internal investigations at Morgan Stanley. Morgan where she led the financial crime-related reviews for APAC regions.

Compliance 64

Compliance Financial Crimes Crime Money Laundering 64

PYMNTS

MARCH 17, 2020

To that end, Vincent Caldeira, chief technologist for FSI in APAC for Red Hat told PYMNTS, FIs — especially incumbent FIs — are facing rapid changes in payments that demand they modernize payments processing, embedding new functionality along the way.

Cross-Border 91

Cross-Border Innovation Payment APIs and Integration Cross-Border Payments 91

PYMNTS

JANUARY 12, 2021

There is also no shortage of faster payments schemes coming online or already online, and know your customer/anti-money laundering (KYC/AML) screening activities must be refined (especially when regulations change).

Payment APIs and Integration 61

Payment APIs and Integration Payments B2B Money Laundering 61

Finovate

FEBRUARY 6, 2024

” LIberis will gain access and integrations to a global network of more than 190 data sources to streamline KYC, KYB, and AML operations and stop financial crime. Alloy processes millions of identity decisions daily for the world’s top banks and fintechs in 40 countries across North America, EMEA, Latin America, and APAC.

Risk Management 59

Risk Management Risk Embedded Finance Compliance 59

FICO

JANUARY 30, 2017

APAC Fraud Forum : At this FICO customer meeting in the Philippines, my presentation highlighted FICO’s advances in mobile analytics and cyber analytics. On the first day my presentation topic is “Advanced AML Analytics – Best Practices.” Interacting with FICO customers and colleagues.

Best Practices 60

Best Practices AI Volume Fraud Detection 60

Fintech Finance

JUNE 6, 2024

Globally, various new regulations and updates to existing policies have been implemented across the past year, including PSD3, CESOP, the EU AML/CFT Package and more. Regulation is cited as the primary hindrance of growth, at 41%, followed by technology and infrastructure challenges, and fraud and risk management.

Instant Payments 52

Instant Payments Payments AI Regulations 52

Neopay

NOVEMBER 28, 2023

In contrast, APAC’s (Asia-Pacific) compliance costs are 25.5% EMEA institutions cite complex regulations and sanctions as a significant constraint to their business operations, with four out of five institutions encountering these challenges. compared to the USA and Canada. .”

Financial Crimes 52

Financial Crimes Crime Compliance Money Laundering 52