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. The service allows clients to adapt the models to their specific task or use case. Vice President Yina Arenas.

Financial Crimes 59

Financial Crimes Crime Money Laundering Risk Assessment 59

The Payments Association

MAY 21, 2025

This award is a significant validation of our AI-driven fraud prevention technology and the Lynx teams dedication to closely partnering with our customers in the fight against financial crime. 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

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. However, traditional banks in Singapore have been slow to adopt innovative technologies like cloud computing and AI, despite regulatory encouragement.

Money Laundering 119

Money Laundering Due Diligence AML Financial Crimes 119

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 announcement comes at a time when the financial crime landscape is undergoing a dramatic transformation.

Financial Crimes 52

Financial Crimes Crime Global Payments AI 52

PYMNTS

SEPTEMBER 21, 2020

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity. As BuzzFeed reported, “laws that were meant to stop financial crime have instead allowed it to flourish.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

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. In this excerpt from that article, Jürgen elaborates on the importance of compliance. .

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

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. AML compliance requires risk assessment, transaction monitoring, and reporting suspicious activity.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

Finovate

JANUARY 30, 2025

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. The post FinovateEurope 2025: Fighting Financial Crime in the Digital Era appeared first on Finovate.

Financial Crimes 52

Financial Crimes Crime White Collar Crime AML 52

Fintech Finance

OCTOBER 30, 2024

This premier event will gather leading experts, industry innovators, and key decision-makers to explore the latest trends shaping the future of payments and regulatory technology. QUBE Events is pleased to announce the 19th NextGen Payments & RegTech Forum on 6-7 November at the Four Seasons Hotel in Limassol, Cyprus!

Compliance 98

Compliance AML Money Laundering Payments 98

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. ” U.S.

AML 98

AML BSA Money Laundering Financial Crimes 98

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 103

Financial Crimes Crime APACS Risk Assessment 103

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

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 65

Cross-Border Addressing Financial Crimes Elder Abuse 65

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

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 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.

Financial Crimes 137

Financial Crimes Security Crime Cross-Border Payments 137

The Payments Association

JANUARY 29, 2025

2024 brought significant regulatory action, highlighting persistent weaknesses in financial crime controls across the industry. As we enter 2025, we look back at five significant cases from 2024 and the lessons they provide for organisations aiming to strengthen their financial crime frameworks.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

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 AML 107

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 59

Compliance Payment Solutions Global Payments Risk 59

The Payments Association

APRIL 23, 2025

Is AML a real-time problem? It takes AML teams weeks (if not months) of diligent analysis to escalate these activities to law enforcement. It takes AML teams weeks (if not months) of diligent analysis to escalate these activities to law enforcement. The answer seems to be no at first glance.

AML 88

AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

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

Fintech News

JUNE 3, 2024

However, enhanced regulatory measures, technological advancements and increased public-private and international collaboration are introducing promising opportunities to address these challenges more effectively, a new report by Forrester Research says. Suspected proceeds of crime totaling S$1.23

Money Laundering 127

Money Laundering Financial Crimes Crime APACS 127

PYMNTS

MARCH 25, 2019

When it comes to financial crime, it seems, the bad guys are getting away with financial murder. The implication, then, is that financial institutions are not doing what they could or should do to detect and prevent financial crimes. Even staggering. And what these firms are doing doesn’t seem to be working. How to Change.

AML 78

AML Financial Crimes Money Laundering Crime 78

Finovate

JUNE 3, 2025

Financial crime compliance innovator ThetaRay announced a strategic partnership with cross-border payments platform Spayce. The collaboration will combine ThetaRay’s Cognitive AI Transaction Monitoring solution with Spayce’s payments infrastructure to enhance the platform’s financial crime detection capabilities.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Financial Crimes Crime 52

PYMNTS

SEPTEMBER 23, 2019

Financial crimes risk management software company Quantifind and Oracle Financial Services have teamed up to improve anti-money laundering (AML) compliance and to add intelligence and automation properties directly into the compliance workflows, according to a release.

AML 65

AML Compliance Financial Crimes Automation 65

The Fintech Times

APRIL 29, 2024

In the last two decades, anti-money laundering (AML) regulatory framework, processes and mechanisms have not changed much. Alexandre Pinot , co-founder and head of innovation and strategy at Vilnius, Lithuania, headquartered AMLYZE , the AML/CFT compliance firm explains where the gaps in the current AML system are.

Money Laundering 78

Money Laundering AML SARS Financial Crimes 78

FICO

NOVEMBER 27, 2018

Many anti-money laundering (AML) operations work hard to show that they are in compliance with rules and regulations, and struggle to maintain appropriate staff levels to work all the alerts. Machine learning for AML is dramatically improving the efficacy of compliance operations, today. Transactions may also be auto-actioned.

AML 77

AML Money Laundering Suspicious Activity Report (SAR) SARS 77

PYMNTS

DECEMBER 10, 2020

Thousands of other cryptocurrencies began circulating on crypto exchanges in recent years, such as Ethereum, Monero and Ripple, many of which leverage blockchain technology to serve as a transaction database. Cryptocurrency-related crimes totaled $4.3 Enforcing AML/KYC Compliance At Cryptocurrency Exchanges. or the U.S.,

AML 88

AML Cryptocurrency Money Laundering Compliance 88

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. also added. “It

Compliance 83

Compliance AML Financial Crimes Payment APIs and Integration 83

Bank Automation

OCTOBER 17, 2024

TD Bank is bolstering its anti-money-laundering practices with leadership changes and investment in data and technology following regulatory scrutiny resulting in major fines The Financial Crimes Enforcement Network fined the Toronto-based bank $1.3 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

APRIL 23, 2025

Emerging AI technologies are transforming the fight against financial crime with real-time detection and prevention capabilities, improved risk scoring, and reduced false positives. Lynx has been recognized as a Sample Vendor for Cybersecurity Pre-Crime Platforms in the Emerging Tech Impact Radar: 2025.

Financial Crimes 88

Financial Crimes Crime AML PCI DSS 88

The Payments Association

DECEMBER 19, 2024

Their cutting-edge technology and approach align perfectly with our mission to provide financial institutions with robust and efficient solutions. About Synalogik Synalogik Innovative Solutions Mission Statement: We strive for a world where everyone is safe, secure and safeguarded from fraud, financial crime or other harm.

Fraud Prevention 88

Fraud Prevention Money Laundering Financial Crimes AML 88

FICO

MAY 20, 2021

In my Financial Crimes Predictions 2021: More AI & Ransomware post , I talked about how banks will move to operationalize their Anti-Money Laundering (AML) compliance programs to achieve greater efficiencies and how robotic process automation (RPA) adoption will drive the paradigm shift.

Financial Crimes 52

Financial Crimes AML Crime Automation 52

Finovate

JUNE 4, 2024

AMLYZE , a regtech specializing in combating financial crime that made its Finovate debut at FinovateEurope earlier this year , has forged a strategic partnership with Aura Cloud. ” Govina added, “Together, we will empower financial institutions to stay ahead of the curve in the fight against financial crime.”

Financial Crimes 64

Financial Crimes Crime Risk Assessment AML 64

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

FICO

NOVEMBER 22, 2017

When the sheer computing power of AI meets the transactional complexity of AML, good things happen. According to the United Nations Office on Drugs and Crime, the estimated amount of money laundered globally in one year is as much as 5% of global GDP, or $2 trillion. AI Is the Future of AML.

AML 78

AML AI Money Laundering SARS 78

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 64

AML Money Laundering Financial Crimes Crime 64