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 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. Emerging AML and KYC trends for 2024 As we move through 2024, several key trends are emerging to shape the future of AML and KYC.

AML 98

AML Verification Research Consumer 98

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. ” In February, the company appointed Ben Pannier as Chief Technology Officer. .”

Financial Crimes 71

Financial Crimes Crime Money Laundering Fraud Detection 71

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 News

DECEMBER 22, 2024

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. She has extensive experience in highly regulated environments and has worked on AML and compliance technology initiatives.

APACS 102

APACS Issuers Commercial Card AML 102

The Payments Association

APRIL 7, 2025

It underscores the critical need for advanced technologies, regulatory compliance, and comprehensive strategies to effectively combat financial crime and safeguard the financial ecosystem What’s next? Meanwhile, businesses are subject to an increasingly strict AML regulatory focus and a turbulent sanctions landscape.

Financial Crimes 88

Financial Crimes Crime AML Fraud Prevention 88

Fintech Finance

DECEMBER 20, 2024

Patricia Haynes, Thredds new Senior Vice President of Platform, is a seasoned technology leader with extensive experience in highly regulated global environments and scaling up technology operations.

APACS 97

APACS Issuers Credit Cards AI 97

Fintech Review

APRIL 17, 2025

Nashville, Tennessee, April 17th, 2025, FinanceWire Magnolia Financial , the Bitcoin-native financial services company focused on simplifying onramp and custody for Bitcoin businesses, today announced its partnership with Amboss Technologies. Reflex is not only aligned with our values but also purpose-built for the nuances of Lightning.

Compliance 52

Compliance Technology Bitcoin Money Laundering 52

Fintech News

MARCH 24, 2025

Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to the 2024 Sumsub crypto survey, countries that have implemented this technology are seeing an average improvement of 3.6% in 2023 to 2% in 2024. in verification times.

APACS 86

APACS Verification Fraud Detection Money Laundering 86

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 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 Fintech Times

MARCH 28, 2025

It also enables businesses to streamline risk management and ensures they meet stringent customer due diligence requirements under anti-money laundering ( AML ) regulations. ” 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

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

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 Paypers

OCTOBER 4, 2024

AI-powered AML compliance solutions provider Flagright has announced that SEBES Technology , a fintech company offering payment solutions, became its latest customer.

Technology 69

Technology AML Compliance AI 69

Fintech Review

NOVEMBER 20, 2024

In this exclusive Fintech Review interview, Adam Swartzbaugh, CEO of Almond FinTech , discusses transformative cross-border payment technology. It is setting new standards in cross-border transactions with cutting-edge technology and a focus on accessibility. Let’s dive in.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Multi-Currency FinTech 115

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

MARCH 19, 2025

Despite these advancements, many firms still rely on outdated payment systems and technologies that cant meet the market’s growing demands. Here’s how these technologies are reshaping the payments ecosystem: Stablecoins are transforming cross-border payments by providing faster, cheaper alternatives to traditional transfers.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

Stax

JANUARY 23, 2025

Ensure regulatory compliance by adhering to anti-money laundering (AML) laws and Know Your Customer (KYC) requirements. Step 4: KYC and AML Checks Compliance officers or automated systems integrated with KYC and AML verification services verify the identity of business owners and ensure compliance with anti-money laundering regulations.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

The Fintech Times

MARCH 12, 2025

As a result of the new partnership, Intergiro is integrating SEON’s anti-fraud and anti-money laundering (AML) technologies.# As fraud evolves, organisations’ cyber defences must too. This proactive stance, bolstered by our partnership with SEON, ensures we stay ahead of evolving threats and keep our ecosystem secure.”

Embedded Finance 72

Embedded Finance Finance Deepfake Payment APIs and Integration 72

Fintech News

APRIL 28, 2025

OKX Pay incorporates compliance features such as know-your-customer (KYC) verification, anti-money laundering (AML) controls, and multisignature security protections. It is built on OKXs X Layer, a zero-knowledge-based Layer 2 blockchain developed using Polygons CDK technology, helping to keep transaction costs at zero.

Web 3.0 62

Web 3.0 Stablecoins Money Laundering Payments 62

The Fintech Times

FEBRUARY 11, 2024

Napier Continuum Live and Napier Continuum Flow were created in response to fintechs in the banking and payments sectors seeking to integrate intelligence into their technology stacks for enhanced screening and monitoring capabilities. also added. “It

Compliance 83

Compliance AML Financial Crimes Payment APIs and Integration 83

Fintech Finance

FEBRUARY 20, 2025

Data Encryption & Secure Storage: Ensure sensitive information and API keys remain protected with leading cloud encryption technologies. Global Industry Compliance: Adherence to international security standards, including ISO 27001, GDPR, PCI DSS, AML, and KYB/KYC. Web Application Firewalls (WAF) monitor traffic continually.

PCI DSS 86

PCI DSS Security Payment APIs and Integration MFA 86

Finextra

JANUARY 24, 2025

Technology is now astoundingly intelligent and accessible. It poses a significant challenge for frau.

AML 96

AML Technology 96

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 103

AI Financial Crimes Fraud Prevention Security 103

Fintech News

DECEMBER 9, 2024

Singapore, a nation long recognised for its financial acumen and technological advancement, is making a calculated gamble on the future of finance through tokenisation. GL1 is not merely a technological endeavour; it also addresses the crucial aspects of governance, risk management, and compliance.

Cryptocurrency 113

Cryptocurrency Cross-Border Consumer Protection Facilitators 113

Finextra

APRIL 22, 2025

CSI, a leading provider of end-to-end financial software and technology, announced the launch of its AI-powered AML compliance and fraud detection solutions: TruDetect and TruProtect.

Fraud Detection 52

Fraud Detection AML Compliance AI 52

Finovate

DECEMBER 11, 2024

The GenAI Financial Crime Detection Suite enables financial institutions to improve AML efforts, streamline compliance, and proactively manage risk indicators. The new suite is powered by Microsoft’s Azure OpenAI Service, which gives developers REST API access to OpenAI’s language models.

Financial Crimes 59

Financial Crimes Crime Money Laundering Risk Assessment 59

Fintech News

DECEMBER 22, 2024

New crypto regulations came into effect, introducing requirements relating to anti-money laundering (AML) and countering the financing of terrorism (CFT) and financial stability, and reflecting Singapores commitment to fostering innovation in the crypto and tokenization space.

FinTech 109

FinTech Cross-Border Payments Cross-Border Money Laundering 109

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. This solution offers real-time, government-backed validation of identity documents, including passports, driving licences, and visas.

Verification 65

Verification Checks Security Identity Theft 65

Fintech News

OCTOBER 8, 2024

The framework is designed to ensure compliance with international standards, particularly in relation to anti-money laundering (AML) and countering the financing of terrorism (CFT). Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.

Service Provider 104

Service Provider Due Diligence AML Money Laundering 104

Finovate

MARCH 28, 2024

Fraud and risk platform DataVisor launched its anti-money laundering (AML) solution this week. AI-powered fraud and risk platform DataVisor launched its end-to-end anti-money laundering (AML) solution this week. AI-powered fraud and risk platform DataVisor launched its end-to-end anti-money laundering (AML) solution this week.

AML 59

AML Compliance AI Money Laundering 59

Finextra

OCTOBER 11, 2024

This article was co-authored with Stacy Dubovik, ScienceSoft's Financial Technology and Blockchain R.

AML 98

AML Automation Blockchain Authorization 98

Fintech News

OCTOBER 21, 2024

This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology. TGV’s deep expertise in scaling technology businesses globally will be invaluable as we continue to empower financial institutions with the tools they need to effectively combat financial crime.”

Financial Crimes 135

Financial Crimes Security Crime Cross-Border Payments 135

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. Constant watchlist changes, complex screening demands, and stringent AML regulations add to the challenges.

Financial Crimes 88

Financial Crimes Crime AML PCI DSS 88

The Fintech Times

APRIL 26, 2024

PwC , the assurance, tax and advisory services provider, has published a new report revealing what factors impact effective anti-money laundering (AML) practices the most. In its report, titled EMEA AML Survey 2024: Spotlight on Effectiveness , PwC reveals that many organisations do not feel they have adequate AML operations.

AML 59

AML Regulations Financial Crimes Money Laundering 59

Seon

JULY 11, 2024

Guest panelists included James Nurse, Managing Director at FINTRAIL; Hannah Becher, Lead of Fraud and AML Surveillance at Pleo; Matthew Tataryn, Director of Financial Crime Risk at Tide Platform; and Jeremy Doyle, Director of Growth, AML Solutions at SEON. However, effective communication and clear ownership can bridge this gap.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52