Fintech News

FEBRUARY 4, 2025

The research shows that banks in Singapore are dedicating more time and resources to KYC processes, which are vital for anti-money laundering (AML) compliance, than any other region surveyed. On the other hand, those leveraging automation and AI can transform KYC and onboarding from mere compliance tasks into strategic advantages.

Money Laundering 119

Money Laundering Due Diligence AML Financial Crimes 119

Payments Source

APRIL 14, 2021

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Fraud Prevention 165

Fraud Prevention AML Compliance Payments 165

Fintech Finance

MARCH 10, 2025

However, many still rely on legacy AML compliance systems built for fewer payment rails, most of which are not aligned with real-time settlement workflows. FinScan Payments empowers FIs, neobanks, PayFacs, FinTechs, and other organizations to block high-risk transactions in real time, facilitating compliance without delays.

Real Time Payments 75

Real Time Payments Faster Payments Transactions Money Laundering 75

Finovate

DECEMBER 2, 2024

Belgian regtech Harmoney has acquired compliance specialist APPC, a subsidiary of the Forsides Group. The acquisition will provide APPC clients with a broader range of tools to fight challenges ranging from anti-money laundering (AML) to counter-terrorism financing (CTF).

Compliance 105

Compliance Acquirers Money Laundering AML 105

Fintech Finance

MAY 13, 2025

Issuer processing powerhouse Enfuce unveils the Fortitude Pledge, a bold new compliance and security standard, that aims to eliminate 100% of financial crime risks across all Enfuce-processed card transactions. Anything less than full commitment means accepting the unacceptable and that’s a compromise the industry cannot afford.

Compliance 59

Compliance Financial Crimes Global Payments Money Laundering 59

The Payments Association

MARCH 19, 2025

The financial world is moving toward real-time payments, embedded finance, open banking, AI, robot process automation (RPA), and global interoperabilitybut outdated technology is slowing banks down, creating higher security risks, compliance challenges, and operational inefficiencies.

Payment APIs and Integration 88

Payment APIs and Integration Innovation Cross-Border ISO 20022 88

Fintech Review

OCTOBER 1, 2024

A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. These protocols are integral to combating financial crime and ensure regulatory compliance.

AML 98

AML Verification Research Consumer 98

Finovate

NOVEMBER 27, 2024

The strategic partnership will help businesses looking to expand from Europe to Asia, and vice versa, meet local regulatory compliance requirements with regards to KYC, KYB, and UBO. Photo by Avonne Stalling The post Signicat Partners with AsiaVerify to Help Businesses Meet Compliance Requirements appeared first on Finovate.

Compliance 64

Compliance APACS Regulatory Compliance Fraud Prevention 64

The Fintech Times

NOVEMBER 7, 2024

Through this partnership, Boerse Stuttgart Digital is aiming to embrace the continuing growth of Europe’s crypto market by enhancing the scalability of its infrastructure solutions, while streamlining compliance processes in collaboration with Fenergo. Together with Fenergo, we continue to drive the adoption of crypto across Europe.”

Compliance 59

Compliance Process Money Laundering Regulatory Compliance 59

PYMNTS

SEPTEMBER 21, 2020

billion transactions for potential suspicious activity and screened more than 157 million transactions for compliance with applicable sanctions requirements. And in PYMNTS’ own coverage, the twin external forces of regulatory scrutiny and market pressures are pushing FIs to retool and strengthen their anti-money laundering (AML) efforts.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

Fintech News

FEBRUARY 26, 2024

Flagright, an AI-native company specialising in Anti-Money Laundering (AML) compliance and fraud prevention, has announced its partnership with SALT, a financial platform aiming to support Small and Medium Enterprises (SMEs) in India and Asia.

Fraud Prevention 120

Fraud Prevention Compliance Money Laundering AML 120

The Payments Association

FEBRUARY 14, 2025

In 2025, payments firms must prioritise compliance, open banking expansion, and stablecoin readiness to navigate regulatory shifts and drive growth. Regular audits and compliance checks : Firms will face enhanced monitoring and reporting under the proposed policy. Engaging external auditors may provide additional assurance.

Stablecoins 88

Stablecoins Payment APIs and Integration Regulatory Compliance Compliance 88

Finextra

APRIL 26, 2024

The European Parliament has voted to adopt a package of laws to strengthen the EU’s AML and terrorist financing toolkit, with a particular impact on the cryptocurrency industry.

AML 87

AML Cryptocurrency Compliance Regulations 87

Clearly Payments

NOVEMBER 13, 2024

Merchants in high-risk categories, such as online gaming, travel, and adult services, benefit from BIN data as it helps processors manage risk levels and ensure compliance with industry regulations. New processors must be prepared to demonstrate compliance and may need to undergo regular audits to meet these standards.

Process 104

Process Processors Payments Compliance 104

The Payments Association

MAY 12, 2025

Its the gateway to onboarding, compliance, trust, and ultimately, conversion. Why regulated payments still struggle Operating in high-friction verticals means threading a tight needle: AML and KYC checks are non-negotiable, while users expect fast, intuitive digital journeys. This isnt just a technical upgrade. Its a strategic shift.

Regulations 88

Regulations Push-to-Card Instant Payments Non-Bank 88

Fintech News

DECEMBER 22, 2024

She has extensive experience in highly regulated environments and has worked on AML and compliance technology initiatives. Patricia Haynes joins as Senior Vice President of Platform, bringing her expertise in technology operations and risk management from roles at Zopa and LexisNexis Risk Solutions.

APACS 104

APACS Issuers Commercial Card AML 104

The Payments Association

MAY 16, 2025

Modern payment orchestration platforms now serve as strategic infrastructureoptimising performance, compliance, and customer experience at scale. Additionally, centralised reporting simplifies financial reconciliation and compliance efforts, enhancing control and accountability for finance and operations teams.

Transactions 88

Transactions PCI DSS Payments Settlement 88

Stax

JANUARY 23, 2025

The merchant underwriting process helps reduce fraud (including chargeback volume), ensures compliance with regulations, and protects financial stability in the payment processing space. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

Finovate

APRIL 8, 2025

AI-powered anti-money laundering (AML) company Hawk has raised $56 million in Series C funding. Hawk , a company offering AI-powered anti-money laundering (AML), screening, and fraud prevention solutions, has secured $56 million in Series C funding. Hawk made its Finovate debut at FinovateSpring 2022 in San Francisco.

Financial Crimes 71

Financial Crimes Crime Money Laundering Fraud Detection 71

Fintech News

JUNE 19, 2024

Sumsub, a global verification platform, has joined forces with financial software provider Finastra to enhance compliance processes for financial institutions worldwide. This integration is designed to help financial institutions maintain compliance, protect their reputations, and reduce operational inefficiencies.

Compliance 109

Compliance Due Diligence Fraud Prevention Money Laundering 109

Fintech Finance

OCTOBER 11, 2024

Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance programs. AML program, broadly aligned to its existing remediation program, which is progressing steadily under the direction of its new U.S. AML leadership team. Formal oversight of the AML remediation through a Monitorship. balance sheet.

AML 98

AML BSA Money Laundering Financial Crimes 98

The Fintech Times

FEBRUARY 11, 2024

Napier , the London-based global financial crime compliance regtech, has served up new solutions with advanced analytics and intelligent automation embedded into their configuration. The post Napier Launches Two New Service Offerings for Enhanced AML Compliance appeared first on The Fintech Times.

Compliance 83

Compliance AML Financial Crimes Payment APIs and Integration 83

The Payments Association

MARCH 19, 2025

Beyond inefficiencies, manual processes create significant risks, such as: Misreported financials Compliance breaches Missed transactions Navigating regulatory uncertainty Unlike traditional payment systems, which operate within well-established regulatory frameworks, digital assets exist in a fragmented legal landscape.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

The Payments Association

OCTOBER 17, 2024

For the previous two years, fscom has released a fincrime compliance report to provide insight into our AML/CTF audit service and, more specifically, the compliance challenges regulated and supervised financial services firms face.

Compliance 88

Compliance AML Audit Regulations 88

The Payments Association

NOVEMBER 25, 2024

While emphasising the importance of robust anti-money laundering (AML) measures, the FCA has consistently advocated against indiscriminate de-risking. Banks continue to sever ties with MSBs like PFS without individualised assessments, often citing AML concerns or geopolitical risks associated with countries like Iran.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

Fintech News

MARCH 3, 2024

FOMO Group, a Singapore-based financial holding company, announced that it has appointed Cindy Ho as its new Group Head of Compliance. FOMO Group has consistently demonstrated its commitment to the highest standards of compliance. She has previously served as the Chief Control Officer at Bank J. Before her tenure at Bank J.

Compliance 109

Compliance AML Money Laundering Risk Assessment 109

Bank Automation

OCTOBER 17, 2024

10, charging that TD failed to comply with […] The post TD invests in leadership, data to improve AML compliance appeared first on Bank Automation News. billion and the U.S. Department of Justice levied $1.8 billion in fines on Oct.

AML 64

AML Compliance Money Laundering Financial Crimes 64

The Payments Association

MARCH 12, 2024

Payment compliance is expensive, but the cost of non-compliance can be worse. No one-size-fits-all solution exists to meet the varying risk profiles of all firms but organisations can access cloud solutions to improve their compliance and adapt to the ever-changing AML landscape. Read more

Compliance 88

Compliance AML Payments Risk 88

Finovate

MARCH 19, 2025

The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime. Adding to this challenge is the proliferation of new regulations that are tightening compliance requirements and mandating greater security and operational resilience.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

Neopay

APRIL 10, 2025

This follows a 2022 penalty of 70,000 for delayed accounts and after previous attention of the UK’s Financial Conduct Authority in 2019 on AML compliance. How Neopay can help At Neopay, we’re experts at helping regulated businesses build, audit, and enhance their compliance frameworksbefore the regulators come knocking.

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

Stax

DECEMBER 4, 2023

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Let’s get started.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

Fintech Finance

FEBRUARY 20, 2025

Runa , the leading global fintech infrastructure for the next generation of payouts experiences, today announced the launch of Runa Assure, a security suite specifically built to fortify payout processes against threats of fraud, cyberattacks, and compliance risks. And they dont have to lift a finger to benefit.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

The Fintech Times

JANUARY 21, 2025

As much as three-quarters (72 per cent) of regulated companies feel overwhelmed by current anti-financial crime compliance demands; according to the latest study by digital compliance and anti-money laundering (AML) solution provider SmartSearch.

Regulations 73

Regulations Financial Crimes Money Laundering Crime 73

The Fintech Times

MARCH 28, 2025

The solution integrates identity proofing, digital risk signals and comprehensive international and domestic watchlists to deliver strong KYC compliance and reduce the risk of fraudulent activity. ” Applicable at any business level As a global solution, it is tailored to meet the unique needs and maturity-levels of different markets.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76

Fintech Review

APRIL 17, 2025

Through this collaboration, Magnolia will integrate Reflex , Ambosss advanced compliance and risk management platform, into its Lightning Network operations. Reflex provides the compliance infrastructure needed to operate responsibly at scale, without compromising the principles that make Bitcoin valuable.

Compliance 52

Compliance Technology Bitcoin Money Laundering 52

The Fintech Times

MARCH 10, 2025

FinScan , an anti-money laundering (AML) compliance solution provider, has enhanced its payment screening solution in a move to support faster, frictionless payment operations across the globe.

Money Laundering 59

Money Laundering FinTech AML Payment Message 59

The Payments Association

MARCH 20, 2025

Financial institutions are drowning in false positives, outdated compliance frameworks, and escalating operational costs. Complaers no-code fraud prevention engine puts compliance teams back in control, delivering real-time, hyper-personalised AML/CTF strategies without engineering support. Complaer is changing that.

Fraud Prevention 88

Fraud Prevention Compliance Automation Cross-Border 88