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. Ensure regulatory compliance by adhering to anti-money laundering (AML) laws and Know Your Customer (KYC) requirements.

Underwriting 68

Underwriting PCI DSS Money Laundering Processors 68

The Payments Association

MAY 21, 2025

The scale and volume of fraud are enormous: global fraud losses exceeded $485 billion in 2023, with $3.1 Pioneering the future of fraud and AML, together Looking to the future, Lynx remains dedicated to developing cutting-edge AI technologies that safeguard global financial services.

Fraud Prevention 88

Fraud Prevention Fraud Detection Financial Crimes Crime 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 Payments Association

MARCH 19, 2025

Transaction volumes are surging, payment methods are diversifying, and businesses are under pressure to adapt. As digital assets continue to gain traction, payment networks must evolve to accommodate rising transaction volumes, evolving regulatory frameworks, and the growing demand for real-time settlement.

Cross-Border 88

Cross-Border Reconciliation Compliance Payments 88

Trade Credit & Liquidity Management

JUNE 25, 2025

Traditional, rules-based anti-money laundering (AML) systems are increasingly seen as outdated and insufficient for detecting hidden threats, exposing institutions to regulatory, financial, and reputational risks.

Financial Crimes 52

Financial Crimes Crime AI Cross-Border 52

Clearly Payments

NOVEMBER 13, 2024

Payment processors typically must apply for membership and meet the network’s standards, including security, compliance, and transaction volume criteria. Key areas of compliance include: Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies : Processors must implement AML and KYC procedures to prevent fraud and money laundering.

Process 104

Process Processors Payments Compliance 104

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

PYMNTS

JUNE 11, 2020

Social distancing restrictions implemented to curb the virus’s spread are preventing compliance professionals from obtaining physical identification documents and holding in-person meetings that typically enforced anti-money laundering/know your customer (AML/KYC) compliance. Compliance Enforcement Goes Remote With Biometrics.

AML 74

AML Legal Compliance Verification 74

FICO

JULY 25, 2016

Anti-money laundering (AML) is a good example. Here are two examples of technology FICO has developed, and for which we’ve made patent applications: Machine learning (ML) for improved AML monitoring. This gives us a new and very effective approach to re-evaluating KYC and AML threat with each transaction.

AML 64

AML Money Laundering Financial Crimes Crime 64

PYMNTS

FEBRUARY 13, 2019

” Indeed, researchers have found evidence that companies are struggling to manage the growing weight of KYC, anti-money laundering (AML) and other financial regulatory compliance demands. International Monetary Fund (IMF) estimations pointed to a total money laundering volume of $2.1 ”

Money Laundering 64

Money Laundering AML Economy SWIFT 64

Finovate

JUNE 16, 2025

If your business processes a high volume of payments or regularly encounters steep interchange fees, issuing a stablecoin could help lower transaction costs. Make sure you have resources in place to engage with regulators on stablecoin licensing, AML/KYC, and reserve requirements and that you can support one-to-one asset backing.

Stablecoins 81

Stablecoins Settlement Multi-Currency Cross-Border 81

FICO

OCTOBER 2, 2018

This is not the best approach to AML case management, as this example illustrates: The Swiss Financial Market Supervisory Authority (FINMA) internally maintains a "Red List" listing some 20 Swiss banks are listed that the supervisors believe are most likely to have customers who might be involved in crooked business — specifically, money laundering.

AML 58

AML Money Laundering TPS Compliance 58

Fintech Review

MAY 4, 2025

This guide covers the top 100 fintech tools across key categories including banking APIs, billing, KYC/AML, FX, crypto tools, and open banking. Best for : High-volume subscription businesses seeking to minimise failed payments. KYC, AML & Identity Verification Platforms Next in the top 100 fintech tools and platforms is compliance.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76

Fintech Finance

JUNE 3, 2025

As criminal networks grow more sophisticated and agile, operating with the complexity of multinational corporations, traditional rule-based anti-money laundering (AML) systems are increasingly outpaced. 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

FICO

OCTOBER 25, 2021

In the global fight against money laundering, every bank shares the same top-line challenge and bottom-line reality; anti-money laundering (AML) operations are essential in combatting financial crime—and a costly compliance commitment. For context, here are some refresher facts on the scope of the global AML challenge.

AML 52

AML Suspicious Activity Report (SAR) Money Laundering SARS 52

Fi911

NOVEMBER 7, 2023

A cornerstone of this mission is the concept of “AML,” or “Anti-Money Laundering” protocols. But, what does AML entail? Why is it non-negotiable for financial institutions across the globe, and how can you ensure that your institution is compliant with all AML procedures?

AML 52

AML Compliance Money Laundering OFAC 52

Fintech Finance

JULY 2, 2025

By partnering with ClearBank Europe, Orbital group gains direct access to real-time euro clearing, named IBANs, and SEPA infrastructure with full AML and KYC checks to ensure compliance. This integration strengthens Orbital’s fiat payment capabilities, enabling enterprise customers to manage EUR bank transfers more efficiently.

Stablecoins 52

Stablecoins IBAN Cross-Border Payment APIs and Integration 52

PYMNTS

OCTOBER 16, 2019

The latest Digital Banking Tracker brings research and expert commentary from the FinTech and consumer banking space with a focus on anti-money laundering (AML) and solutions. Scandal and fraud tarnishing banks’ reputations aside, the impact that AML compliance controls have had on these banks’ bottom lines can’t be underestimated.

AML 49

AML Compliance Money Laundering Financial Crimes 49

Neopay

JULY 4, 2024

With the change in the anti-money laundering (AML) supervisory approach of the Financial Conduct Authority (FCA), many firms are nervous about whether they will face FCA scrutiny and what to expect if they do. He has shared his insight and experience to assist firms with the changes to the FCA’s approach to AML supervision. No problem.

AML 52

AML Due Diligence Suspicious Activity Report (SAR) Risk Assessment 52

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

PYMNTS

JANUARY 27, 2020

Payment service providers (PSPs) must carefully attend to their know your customer (KYC) and know your customer’s customer (KYCC) checks, anti-money laundering (AML) strategies and other fraud prevention approaches. All KYC and AML measures must nevertheless meet PSPs’ home countries’ legal standards.

AML 62

AML Service Provider Real Time Payments Money Laundering 62

Stax

APRIL 3, 2025

Evaluate your business size, transaction volume, industry considerations, total cost, and customer experience. Its also great for small businesses because it can eliminate many headaches associated with Know Your Customer (KYC) requirements, Anti-Money Laundering (AML) regulations, application processing, and underwriting.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

PYMNTS

MARCH 4, 2020

Bank $185 million for numerous offenses, including “willfully violating” BSA mandates for having an anti-money laundering (AML) procedure. Staff had also sent memos to LaFontaine alerting him that the AML staff was “stretched dangerously thin” because of increased SAR volumes and law enforcement inquiries.

AML 52

AML Suspicious Activity Report (SAR) Fincen BSA 52

Fintech Finance

AUGUST 29, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced a 142% year-over-year increase in remittance-related transaction volume through its platform.

Cross-Border Payments 95

Cross-Border Payments Cross-Border Transactions Verification 95

The Paypers

JUNE 26, 2025

QwikPay integrates iDenfy’s identity verification and AML solutions to support secure and real-time user onboarding while remaining compliant with Australia’s financial regulatory requirements and industry laws.

Compliance 36

Compliance Security AML Verification 36

PYMNTS

JULY 10, 2020

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Webster noted that KYC and AML procedures aren’t governed by global standards.

AML 108

AML Procedures Money Laundering Privacy 108

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

The Fintech Times

JULY 8, 2025

Collaborations France-based fintech Next Generation NGPES has selected global verification provider Sumsub to deliver fraud prevention, identity verification and AML compliance as it prepares to launch a new payment ecosystem anchored by a euro-backed stablecoin.

FinTech 59

FinTech Fraud Prevention Online and Mobile Banking Verification 59

Seon

APRIL 11, 2024

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. Moving in the other direction, fraud teams can leverage traditional AML information to create more robust and refined risk rulings.

Fraud Prevention 52

Fraud Prevention AML Money Laundering Financial Crimes 52

Fintech Finance

OCTOBER 23, 2024

Compliance with sanction screening, anti-money laundering (AML) and fraud detection requirements, including Verification of Payee check, was identified as the top concern. Respondents cited difficulties in meeting the mandated 10-second 24/7 service level agreement (SLA) and coping with the increased message volumes.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

Fintech News

JULY 17, 2024

However, there’s been a notable downtrend in the volume received by centralised exchanges – from nearly £2 billion a month at peak to approximately £780 million a month. Singapore’s Payment Services Act (PSA) brings crypto businesses under regulatory oversight, imposing strict AML/CFT requirements.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

The Fintech Times

FEBRUARY 22, 2024

“As real-time connectivity increases transaction volumes, this provides more avenues for fraudsters, and traditional reactive approaches to fraud prevention are no longer sufficient. In the blink of an eye, it can ingest large volumes of data, standardise it, categorise it, and index it, making it easier for businesses to analyse it.

Cross-Border Payments 136

Cross-Border Payments Cross-Border AI Payment Security 136

Finovate

MARCH 17, 2025

The alliance will integrate Hawk’s AML and CFT technology into Synctera’s platform, strengthening Synctera’s status as a category leader in risk management and compliance. “The reason we built Hawk was because we wanted to combine AML and fraud use cases in one platform.

Security 52

Security AML Risk Management Use Case 52

FICO

JUNE 9, 2022

FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering. New AML scores reduce false positive alerts by 50% while detecting 100% of known money laundering transactions, and discover new aberrant, potentially risky behaviors. AML Threat Score: Reducing False Positives Amid Defensive SAR Filings.

Money Laundering 52

Money Laundering AML SARS AI 52

PYMNTS

AUGUST 16, 2016

15) it has enhanced its global AML watchlist capabilities for its GlobalGateway product. According to the company, since 2013, worldwide, financial institutions failing to meet AML and KYC rules have been fined more than $10 billion. Trulioo , the global identity verification company, said on Monday (Aug.

AML 40

AML Financial Crimes Money Laundering Crime 40

FICO

DECEMBER 12, 2018

is to the existing Bank Secrecy Act (BSA)/anti-money laundering (AML) regime. FinCEN received 2,034,406 SARs in 2017 and volume is growing at a double-digit rate annually. For more information on using AI to fight AML, see: Machine Learning for AML Gives Pros “Superhuman” Powers. In the U.S.,

SARS 40

SARS AML Law Enforcement Suspicious Activity Report (SAR) 40

Fintech News

JUNE 3, 2024

The Asia-Pacific (APAC) region faces significant challenges in combating money laundering due to its diverse economies, large volume of cross-border trade, and varying levels of regulatory enforcement across different countries — the trends of money laundering in Asia Pacific are constantly evolving.

Money Laundering 126

Money Laundering Financial Crimes Crime APACS 126