The Payments Association

NOVEMBER 12, 2024

The choice affects compliance, efficiency, and fraud prevention capabilities. In response, regulatory bodies like the Financial Conduct Authority are tightening anti-money laundering (AML) and counter-terrorism financing (CTF) measures, levying steep penalties for non-compliance. What is this article about?

Financial Crimes 88

Financial Crimes Crime Fraud Prevention Compliance 88

Fintech News

JUNE 12, 2025

These developments were the focus of a recent webinar, “ Strengthening Your Crypto Compliance Program: Addressing AML and OJK Requirements ,” part of the Indonesia Crypto Literacy Program. News Regulatory Body, New Regulations to Adhere to? ” What happens after Travel Rule data is exchanged is equally critical.

Compliance 117

Compliance Travel Rule Risk Due Diligence 117

Clearly Payments

FEBRUARY 10, 2025

Regulatory Compliance Businesses must comply with rules like GDPR (Europe), PSD2 (EU), and AML/KYC laws in various countries. Fraud Risks Cross-border transactions have twice the fraud risk compared to domestic payments, leading to stricter verification measures.

Small Business 66

Small Business Process Address Verification System (AVS) Cross-Border 66

Finextra

JULY 7, 2025

Traditional areas like fraud prevention (65%), credit underwriting (62%) and regulatory compliance (58%) are still heavily prioritized, reflecting that these were some of the first uses of AI in banking and continue to be critical for reducing losses.

AI 114

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 114

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. Digital identity and fraud prevention solutions provider Signicat has forged a strategic partnership with APAC-region data specialist AsiaVerify.

Compliance 65

Compliance APACS Regulatory Compliance Fraud Prevention 65

Finextra

JUNE 2, 2025

The concept of “embedded regulation” is fascinating: imagine regulations (like KYC/AML rules, or risk limits) coded into smart contracts, so that compliance is automatically enforced on-chain rather than through after-the-fact audits. This debate is very much ongoing.

Finance 52

Finance Payment APIs and Integration API Regulations 52

Finovate

DECEMBER 11, 2024

With applications for account opening, KYC/AML, passwordless login, fraud prevention, and more, IDVerse’s solutions serve businesses in industries ranging from financial services and insurance to crypto and telecommunications. The firm rebranded as IDVerse in 2023.

Risk 52

Risk Acquirers Deepfake Fraud Detection 52

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.

Regulatory Compliance 136

Regulatory Compliance AML PCI DSS Compliance 136

Fraud.net

NOVEMBER 24, 2023

Find out what regulations apply to AML in banks and how you can remain compliant. In this digital age, anti-money laundering is challenging.

Regulatory Compliance 52

Regulatory Compliance AML Money Laundering Compliance 52

Trade Credit & Liquidity Management

MAY 27, 2025

Whether it’s the deep historical insight of legacy credit bureaus, the investigative power of big data analytics, or the real-time, AI-driven agility of cloud-native platforms, the tools for fraud prevention are more advanced and more essential than ever. billion in 2022 to $252.7

Fraud Prevention 52

Fraud Prevention Fraud Detection Verification Risk Assessment 52

Fintech News

JUNE 11, 2024

Hawk’s explainable AI enables financial institutions to enhance their financial crime detection and prevention capabilities while maintaining regulatory compliance for AML/CFT. Martijn Scholtes “Rabobank has been working with machine learning applications for many years.

Financial Crimes 109

Financial Crimes Crime Regulatory Compliance Fraud Prevention 109

The Payments Association

OCTOBER 24, 2024

provides a robust solution to companies that balance compliance, security, and operational efficiency. Addressing regulatory compliance Businesses, including EMD Agents, face a challenge in cross-border transactions: complying with anti-money laundering (AML) and know-your-customer (KYC) regulations.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Regulatory Compliance Fraud Detection 88

The Fintech Times

DECEMBER 28, 2023

Today our leaders address escalating challenges related to fraud and the need for businesses to take proactive measures to address these issues and maintain customer trust and regulatory compliance. “Thankfully, the UK government’s new anti-fraud strategy which was published in May could offer hope here. .

Fraud Prevention 81

Fraud Prevention Scams Fraud Detection Regulatory Compliance 81

Seon

MAY 10, 2024

Anti-money laundering (AML) initiatives involve laws, regulations and procedures aimed at preventing criminals from masking illegally obtained funds as legitimate income. Since the global financial crisis, AML fines totaled $56 billion, with US-based financial institutions incurring $5 billion in fines for related infractions in 2022.

AML 52

AML Money Laundering SARS Suspicious Activity Report (SAR) 52

Stax

AUGUST 22, 2024

PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks. Major risk factors for PayFacs include fraudulent transactions, merchant credit risk, regulatory compliance, and operational risks.

Risk Management 88

Risk Management Risk Regulatory Compliance Due Diligence 88

The Payments Association

MARCH 10, 2025

Visa and Mastercard track MCCs for chargeback monitoring and fraud prevention. Example: A luxury watch retailer (MCC 5094Precious Stones & Jewelry) faces higher fraud risks than a grocery store (MCC 5411Supermarkets). Strict regulatory compliance (forex, financial services).

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

The Payments Association

APRIL 7, 2025

The findings of the Financial Crime 360 survey, focusing on the challenges, prevalent fraud types, and strategic responses across various sectors. Continued investment in innovative fraud detection technologies and adaptive regulatory frameworks is essential to stay ahead of evolving financial crime threats. Why is it important?

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

The Payments Association

MARCH 14, 2025

3) Regulatory compliance Certain industries, such as cryptocurrency exchanges, gambling, and financial services, must comply with stringent know-your-customer (KYC) and anti-money laundering (AML) regulations. These rules help prevent fraud, identity theft, and illicit transactions.

Risk 88

Risk Disputes Processors Fraud Detection 88

FICO

MARCH 6, 2020

By combining advanced AML analytics in scoring processes and robotics in alert and case handling you tremendously improve efficiency and effectiveness in compliance. Our Anti-Financial Crime solutions suite consistently follows the risk-based approach according to FATF and supports the compliance process with integrated modules.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Seon

JUNE 20, 2024

APP Fraud and the Upcoming UK Regulation The looming October 2024 regulation in the UK, which shifts the responsibility for preventing APP fraud onto payment companies and financial institutions, was a hot topic. This shift demands companies bolster their fraud detection and prevention capabilities to meet the new standards.

Fraud Prevention 52

Fraud Prevention Regulatory Compliance AML Instant Payments 52

Seon

JULY 10, 2024

While both types of monitoring aim to protect businesses and their customers, fraud transaction monitoring focuses more on identifying and preventing criminal activities. In contrast, payment transaction monitoring ensures regulatory compliance and the proper processing of legitimate transactions.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

Neopay

DECEMBER 6, 2023

Skilled person reviews are an integral component of the FCA’s regulatory toolkit, initiated to obtain an independent and expert assessment of a firm’s activities. These reviews play a crucial role in identifying potential risks, ensuring regulatory compliance, and safeguarding the integrity of financial markets.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

Trade Credit & Liquidity Management

APRIL 22, 2025

As a trusted partner for global fraud prevention and compliance, the firm supports over 14,000 ID documents and checks against more than 6,000 watchlists. The company processes over $250 billion in transactions, operates from 32 offices across 15 countries, and holds more than 60 financial licenses worldwide.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Verification Money Laundering 52

The Payments Association

OCTOBER 4, 2024

Fintech companies often operate with less regulatory oversight and lower overhead costs, allowing them to innovate more rapidly than established card networks and banks. Security concerns and fraud prevention One of the most significant challenges is the persistent threat of fraud.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

Seon

SEPTEMBER 20, 2023

KYC onboarding is crucial: It is required by AML-obligated and/or fraud prevention-focused industries. This allows the organization to determine the individual’s risk level to inform future due diligence procedures, such as anti-money laundering (AML) or fraud prevention regulations.

Process 52

Process Due Diligence AML Verification 52

Seon

SEPTEMBER 23, 2024

Compliance with anti-money laundering (AML) regulations is now a legal obligation. Payment screening helps ensure transactions comply with AML laws and international sanctions, protecting financial institutions, fintechs, payment providers, and igaming companies from fines and legal issues.

Suspicious Activity Report (SAR) 52

Suspicious Activity Report (SAR) Money Laundering Due Diligence AML 52

Neopay

SEPTEMBER 2, 2024

As regulatory compliance continues to become more complex, having a robust monitoring plan in place is more important than ever. How does a Compliance Monitoring Plan help with keeping registrations and certifications up-to-date? Contact us today to learn more about how we can support your compliance needs.

Compliance 59

Compliance Regulatory Compliance Money Laundering Assessments 59

The Fintech Times

SEPTEMBER 19, 2024

This month, The Fintech Times will look at some of the biggest issues regarding compliance and financial rules, as well as the solutions hoping to ease the compliance journey for firms and make the fintech world fairer and safer. For fraud, the focus was historically on customer identity.

Risk 59

Risk Financial Crimes AML Risk Management 59

Clearly Payments

JANUARY 10, 2024

These barriers to entry are substantial, encompassing technological, regulatory, and competitive aspects. Regulatory Compliance: The payments industry is subject to a myriad of regulations and compliance requirements imposed by national and international authorities.

Processors 105

Processors ISOs Embedded Finance Payments 105

Seon

SEPTEMBER 14, 2023

For instance, an Iranian or Russian IP may be flagged by automated AML systems. What to Do When You Detect a High-Risk Source Your data can only be truly accurate when it’s been sense-checked, so consult other risk analysts and your fraud prevention system before rejecting an application.

Risk 52

Risk Money Laundering Suspicious Activity Report (SAR) AML 52

Segpay

OCTOBER 18, 2023

To combat transaction laundering, businesses and financial institutions must implement robust anti-money laundering (AML) and fraud prevention measures, regularly monitor transactions, and report suspicious activities to authorities. It can have severe legal and financial consequences for all parties involved.

Transactions 52

Transactions Due Diligence Money Laundering Legal 52

Fintech Finance

JANUARY 30, 2024

This helps firms subject to Money Laundering regulations bolster their AML 5 processes when onboarding customers by detecting accounts linked to financial crime. Together, the tools offered by AccessPay’s Fraud & Error Prevention Suite help businesses to streamline processes, mitigate key risks and improve regulatory compliance.

Payee 52

Payee Money Laundering Non-Bank Checks 52

The Payments Association

MAY 16, 2025

Key areas of impact include fraud prevention, card fee structures, accessibility standards, stablecoin usage, and the treatment of consumer data in evolving open finance ecosystems. Next steps/action required: Conduct a comprehensive fraud risk assessment across all channels and partners.

Regulations 88

Regulations ISO 20022 Cross-Border Legal 88

Seon

JUNE 29, 2023

KYT is an anti-money laundering (AML) and counter-terrorist financing (CTF) requirement. KYT fights financial fraud by arming organizations with the data needed to determine how to fight fincrime and other suspicious activities, the signs of which often lurk in each business’s transactions. KYT is a regulatory compliance requirement.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

FICO

JULY 21, 2020

The answer for both fraud and compliance teams is to put the customer at the heart of their identity proofing process. They can work together to ensure that the needs of both functions are met, and that regulatory compliance and fraud prevention don't come at the expense of legitimate customers.

Compliance 52

Compliance Money Laundering Due Diligence Regulatory Compliance 52

Segpay

MARCH 10, 2025

Evaluate transaction fees, chargeback policies, and currency conversion rates to prevent unexpected expenses and optimize revenue retention. Security & Fraud Prevention Given the high-risk nature of online gaming, security is non-negotiable. Non-compliance can lead to heavy penalties and business disruptions.

Payment Gateways 40

Payment Gateways Gateways Payment Solutions Payment APIs and Integration 40

Fintech News

MAY 28, 2025

The company attributes this expansion to an increased demand for unified, real-time fraud detection and Anti-Money Laundering (AML) solutions. These companies are utilising SEON’s Know Your User (KYU) and Know Your Customer (KYC) features to address fraud risks within the region’s digital markets.

APACS 66

APACS Fraud Detection Money Laundering Regulatory Compliance 66