Finovate

MARCH 19, 2025

A newly announced partnership between core banking provider Tuum and full-cycle verification platform Sumsub will give banks, fintechs, and financial institutions the ability to streamline customer onboarding and enhance fraud prevention without adding friction to the user experience.

Fraud Prevention

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

Finextra

JULY 7, 2025

This broad applicability in banking (from automating fraud reviews to generating customer communications) underscores how financial firms are integrating GenAI into their core workflows more aggressively than most. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions.

AI

Fintech Finance

FEBRUARY 17, 2025

Leveraging artificial intelligence (AI) technology, PhotonPay has further streamlined anti-money laundering (AML) and counter-terrorism financing (CFT) processes, enhanced its risk management system and effectively reduced financial crime risks. “Compliance is the foundation of trust in global payments. .

Compliance

Finextra

JUNE 24, 2025

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Agreements

Finextra

JULY 3, 2025

Make sure your wallet follows KYC and AML rules. What you must consider Check if the provider offers real-time reporting, fraud detection tools, and regulatory support. A digital wallet will serve you better. An eWallet is a complete ecosystem, while a digital wallet is a connector.

eWallet

The Fintech Times

JUNE 22, 2025

Trust, transparency and real-time intelligence are of paramount importance in the cybersecurity world as organisations and customers need to have faith that financial crime is being prevented. It achieves this by combining NetGuardians ’ AI-driven financial crime prevention with Intix’s mastery of transaction data visibility and analytics.

Compliance

The Fintech Times

JULY 28, 2025

The research also highlights that firms are deploying agentic AI to focus on high-value, high-risk use cases and deliver immediate impact, with 36 per cent of firms listing fraud detection as their top reason for adoption. This is closely followed by KYC maintenance (19 per cent) and transaction monitoring (16 per cent).

AI

The Payments Association

JULY 18, 2025

Large organisations will face criminal liability if they fail to implement “reasonable procedures” to prevent fraud committed by employees, agents, subsidiaries or other associated persons where the intent was to benefit the organisation or its clients. Stress test resilience against 24/7 availability standards.

Regulations

Finovate

JANUARY 24, 2025

Given how quickly crime risks evolve in the financial sector, especially with the advent of AI, I see the overall impact of EU regulations as balanced supporting innovation in some areas while slowing it down in others. Implementing the IPR presents several challenges for PSPs and other financial institutions.

Regulations

The Payments Association

MARCH 25, 2025

As director/MLRO of SENDS, a UK-licensed EMI, I see AI’s potential in fraud prevention, AML, and compliance. At SENDS, we integrate AI-powered compliance tools to streamline KYC and AML, improving efficiency, accuracy, and speed. Reactive, not proactive: Rule-based systems fail to detect evolving threats.

Regulatory Compliance

PYMNTS

OCTOBER 15, 2020

When Jumio acquired anti-money laundering (AML) solutions platform Beam last week, the move was more significant than simply adding AML strength to its onboarding platform, Jumio ’s Chief Product Officer Philipp Pointner told PYMNTS in a recent conversation. “We That’s where the acquisition of Beam Solutions’ AML platform comes in.”.

AML

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

FICO

MARCH 6, 2020

In September 2019, Fico and Visma announced their partnership to Offer SaaS Anti Financial Crime Solutions in Western Europe. I also manage the partner channels and programs for our financial crime compliance solutions. FICO brings AI and advanced analytics to risk management, fraud detection, collections and much more.

Financial Crimes

Fintech News

JUNE 3, 2024

The report, titled “Top Trends Shaping Anti-Money Laundering in Asia-Pacific in 2024”, delves into the key trends, technology adoption, and regulatory imperatives shaping the anti-money laundering (AML) market in APAC. Suspected proceeds of crime totaling S$1.23 billion were frozen in Nium India’s accounts.

Money Laundering

The Paypers

MARCH 31, 2021

UK-based technology marketplace for financial services firms Bofin has partnered ComplyAdvantage to lower its risk of financial crimes and money laundering.

Fraud Detection

Fintech News

OCTOBER 22, 2024

This is followed by advanced authentication methods (70.2%), customer education initiatives (68.1%), and the implementation of real-time fraud detection systems (53.2%). More than a quarter (25.5%) said their anti-fraud and AML teams now collaborate “very closely”, while almost a third (30%) said such collaboration occurred “often”.

APACS

FICO

FEBRUARY 15, 2017

The focus on financial crime, and the money laundering that funds terrorist attacks and other criminal activities, has forced the industry to look for smarter approaches. Now it’s my turn, and I’m going to explore the AI and machine learning technologies my team has integrated into the FICO TONBELLER Anti-Financial Crime Solutions.

AML

FICO

JULY 25, 2016

Anti-money laundering (AML) is a good example. My FICO colleague TJ Horan recently blogged about the skyrocketing compliance costs that banks face in their fight against money laundering and other financial crimes. TJ wrote: In 2015 we acquired TONBELLER, an innovator in risk-based financial crime prevention and compliance.

AML

FICO

DECEMBER 12, 2017

Looking ahead to 2018, I predict a rising trend for organizations to do four things better than today in the realm of financial crime. Today fraud prevention, cybersecurity and anti-money laundering (AML) are still siloed at many financial institutions. So must detection. Check out our financial crime pages.

Financial Crimes

Finovate

MARCH 28, 2024

Fraud and risk platform DataVisor launched its anti-money laundering (AML) solution this week. The new offering combines fraud fighting and anti-money laundering operations in a unified, approach that helps institutions better deal with emerging threats and evolving regulations.

AML

Fintech News

DECEMBER 13, 2023

The key to adhering to these ever-changing mandates is to enable compliance teams to remain agile and have the ability to recalibrate or reconfigure their financial crime compliance processes. Marc recommended implementing robust risk detection controls and processes.

Financial Crimes

FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. Fraud Detection and AML Collaboration. Tue, 07/02/2019 - 02:45. by TJ Horan.

Financial Crimes

PYMNTS

NOVEMBER 30, 2020

WatchDOG AML is a “holistic” anti-money laundering ( AML ) solution that works to prevent financial crime by “identifying suspicious activity in real time with an enterprise transaction monitoring system,” the companies said in a statement on Monday (Nov. Computer Services, Inc.

Money Laundering

FICO

NOVEMBER 27, 2019

Behind the headlines on financial crime compliance are big challenges. billion a year on ensuring AML compliance. Financial crime compliance has become a real cost burden for most banks in times of shrinking profits. Prediction 3: Fraud and Financial Crime Management Convergence. Prediction 2 – More Robots.

Financial Crimes

FICO

JANUARY 27, 2020

I am going to keep looking forward – especially when it comes to 2020 predictions for fraud and financial crime. If you want to learn more about how to protect your kids, watch my talk here and don’t forget to check out these other tips from Alexandria White at CNBC Select on protecting yourself from fraud. AML Gets Integrated.

Financial Crimes

FICO

SEPTEMBER 12, 2018

While AI has been used for more than 25 years in credit fraud detection , few people outside the banking sphere were aware of this. As I discussed there, we are taking the AI and machine learning techniques from fraud detection into the realms of cybersecurity and anti-money laundering.

Financial Crimes

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. This issue stems from the differing terminologies and investigative approaches fraud and AML teams use.

Fraud Prevention

PYMNTS

OCTOBER 11, 2019

Five Dutch banks recently formed a group to protect their systems against money launderers, but only after three of them shook off fines and anti-money laundering (AML) strategy investigations. AML Strategies and Innovation Quirks. Such profiles ensure FIs comply with current regulations and AML standards.

AML

The Payments Association

OCTOBER 23, 2024

As industries face increasing regulatory pressures, Seon Technologies will highlight the shared challenges of customer onboarding, fraud prevention and compliance, including how businesses navigate global KYC and AML regulations.

Fraud Prevention

Seon

APRIL 11, 2024

With the United Nations reporting that three to five percent of the global GDP is laundered annually and fraud costs worldwide reaching $5.13 As fraud gains in volume and velocity, so too will the need for fraudsters to launder their profits – and as cross-border financial crimes are here to stay, no institution or location is immune.

Fraud Prevention

FICO

OCTOBER 5, 2021

I recently had the honor to participate in a panel discussion during the Aite-Novarica Financial Crime Forum. This was a lively and insightful discussion around operationalizing converged intelligence in the fraud and compliance ecosystem. Overlap Between Fraud and Financial Crime Compliance Systems.

Financial Crimes

Seon

MAY 10, 2024

Given its complexity and cross-jurisdictional nature, financial institutions struggle with detecting, investigating and reporting such activities. Anti-money laundering (AML) initiatives involve laws, regulations and procedures aimed at preventing criminals from masking illegally obtained funds as legitimate income.

AML

PYMNTS

SEPTEMBER 24, 2019

The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth A. 24), to talk about digital identity today, how safe it is and what the agency is doing to protect it against financial crimes, according to prepared remarks. . Blanco, gave a speech at the 2019 Federal Identity (FedID) Forum and Exposition on Tuesday (Sept.

Fincen

FICO

SEPTEMBER 10, 2020

Federal Bureau of Investigation (FBI) issued a bulletin warning that this crime is on the rise, and published a Money Mule Awareness Guide to help the public fight money mules. But I decided to dig a little further by reaching out to my network of payments and fraud professionals on LinkedIn to get their opinion. In April, the U.S.

Crime

FICO

SEPTEMBER 19, 2018

While AI has been used for more than 25 years in credit fraud detection , few people outside the banking sphere were aware of this. As I discussed there, we are taking the AI and machine learning techniques from fraud detection into the realms of cybersecurity and anti-money laundering.

Financial Crimes

FICO

SEPTEMBER 27, 2019

Streamlining fraud detection and anti-money laundering (AML) processes is essential in fighting financial crime faster and more effectively. This post is the first in a series exploring important new themes that are emerging in the rapidly changing financial crime arena. The Convergence of Fraud and Compliance.

Financial Crimes