The Payments Association

FEBRUARY 10, 2025

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. Compliance requires proactive fraud risk assessment, the implementation of preventive procedures, and a culture of accountability.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Fintech Review

MARCH 11, 2025

This approach not only empowers users with rapid, accurate risk assessments but also feeds critical intelligence into banks fraud prevention systems, ensuring proactive defense measures are always one step ahead. By delivering rapid, accurate assessments, ScamAlert empowers consumers while enhancing banks risk management.

Scams 52

Scams Fraud Prevention Risk Assessment Financial Crimes 52

Fintech News

JULY 14, 2025

Nine financial institutions, including UOB , Credit Suisse , and UBS , were collectively fined SGD $27.45 It’s a hefty figure, but the real cost might be what it reveals about how banks are still struggling to keep up with the speed and sophistication of financial crime. Risk assessments were flawed.

Compliance 77

Compliance Financial Crimes Money Laundering AML 77

The Payments Association

FEBRUARY 10, 2025

Andrew Doukanaris Ambassador, The Payments Association While vIBANs have positive use cases, challenges exist in limited monitoring of the end user, alignment with the PSPs risk appetite, and the lack of a consistent framework to mitigate financial crime and regulatory risks. Common standards would bring consistency and confidence.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

DECEMBER 9, 2024

Cohn believes regulation will impose stricter requirements for organisations to assess and mitigate the potential for algorithmic bias in AI-powered payment systems. If AI systems are not transparent or auditable, it becomes difficult for regulators to assess whether the systems are operating in a manner that protects consumers privacy.

Privacy 88

Privacy Payment Security AI Security 88

The Payments Association

NOVEMBER 25, 2024

Their guidance urges banks to adopt a proportionate approach, assessing MSBs individually rather than applying blanket policies that exclude entire sectors. 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

JUNE 16, 2025

It assesses whether the new policy is effectively protecting consumers and reducing fraud, while also highlighting ongoing challenges and debates about a broader, cross-sector approach to tackling APP fraud. Industry Voices "Mandatory reimbursement relieves the financial burden for victims, but the psychological damage has already been done.

Scams 88

Scams Assessments Consumer Protection Fraud Prevention 88

Finextra

JUNE 26, 2025

AML compliance: Fighting financial crime Criminals always look for ways to misuse payment systems. It’s a set of rules and practices designed to detect, prevent, and report financial crimes. AML stops financial crime. More growth. AML compliance helps you stop them before they succeed.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

The Payments Association

NOVEMBER 18, 2024

By understanding their merchant clients’ cash flow patterns, sales volumes, and overall financial health, banks are better equipped to assess credit risk and offer tailored financing solutions. Furthermore, the data and insights banks gain from processing merchant transactions can be leveraged to make more informed lending decisions.

FinTech 88

FinTech Online and Mobile Banking Acquirers Fraud Prevention 88

The Fintech Times

JULY 9, 2025

British neobank, Monzo has become the latest big name in the financial world to come under fire from the Financial Conduct Authority (FCA) for failing to implement adequate controls to stop financial crime between 2018 and 2022. Consumers trust digital banks to grow without cutting corners; this case damages that trust.

Financial Crimes 64

Financial Crimes Crime Security Online and Mobile Banking 64

Neopay

APRIL 22, 2025

How Neopay can help At Neopay, we welcome these efforts to tackle financial crime at its source. Compliance regimes need to respond accordingly, with risk assessments that are proactive and substantive continuous monitoring. It frequently starts on the high street, in plain sight.

Money Laundering 52

Money Laundering Crime Due Diligence Financial Crimes 52

Neopay

JUNE 26, 2025

Firms should also take note of the European Commission’s high-risk third countries update, which was released just before the FATF Plenary.

Financial Crimes 52

Financial Crimes Risk Assessment Crime Authorization 52

Fintech Review

FEBRUARY 6, 2025

.” The partnership offers financial institutions the following benefits: Proactive fraud prevention with real-time AI-powered behavioral analysis across all digital channels. Operational efficiency with AI-powered risk assessment designed to reduce false positives and associated costs. Users can visit www.backbase.com for more.

Financial Crimes 52

Financial Crimes Crime Fraud Prevention Risk Assessment 52

Fintech News

NOVEMBER 27, 2024

This collaboration integrates Elliptic’s blockchain analytics into Sumsub’s platform, providing clients with enhanced tools to screen cryptocurrency wallets, identify fraudulent activity, and assess risk in transactions. The need for such solutions is critical as blockchain-related crime continues to rise.

Crime 113

Crime Financial Crimes Travel Rule Blockchain 113

Fi911

JUNE 9, 2025

Regular reviews of vendor communication patterns, automated alerts for banking changes, and periodic security assessments help identify problems before losses occur. Local FBI offices and Secret Service units specialize in financial crimes, but they need quick notification and comprehensive documentation.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

The Fintech Times

MAY 28, 2025

This network aims to protect member bank customers against financial crime, scams, and fraud by using this data to assess in real time the trustworthiness of the accounts to which they direct their transfers and payments. Criminals utilise sprawling, inter-institutional networks of these accounts to launder their riches.

Scams 45

Scams Fraud Prevention Financial Crimes Crime 45

The Payments Association

JUNE 11, 2025

Additionally, the sharing of data, both internally and on a federated, industry-wide basis, will be key to winning the war on financial crime. Integration with multiple data providers enhances fraud analysis across UK market conditions, creating comprehensive risk assessment capabilities that scale with platform growth.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Finovate

MARCH 7, 2025

Neal: This is an interesting question, and one that will be clearer by the end of 2025, when we can fully assess the impact of Weros initial e-commerce launches. Central and Southern Asia Indian B2B Software-as-a-Service (SaaS) company Perfios acquired financial crime detection and risk management platform Claris5.

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

The Fintech Times

APRIL 24, 2025

Versapay , an Accounts Receivable (AR) platform, has appointed Elizabeth Bramlage as chief marketing officer.With over 15 years of experience leading marketing for high-growth fintech and payments companies, Bramlage most recently served as CMO at ComplyAdvantage , a global provider of financial crime compliance technology.

FinTech 59

FinTech Cross-Border Payment APIs and Integration Multi-Currency 59

The Payments Association

MAY 3, 2025

Dimitrova encapsulated the prevailing sentiment with a candid assessment: The only certainty is uncertainty. With tighter funding conditions and capital decisions increasingly centralised in the US, she noted, businesses must now navigate evolving expectations around returns, risk profiles, and financial runway.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

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

Finextra

JULY 7, 2025

AI and Edge Computing: How to Power Data-Driven Finance Artificial Intelligence (AI) is revolutionising fintech through real-time fraud detection, automated trading and risk assessment. But these use cases generate vast volumes of data that require near-instantaneous processing. It expresses the views and opinions of the author.

FinTech 52

FinTech Payment APIs and Integration PCI DSS AI 52

The Paypers

JUNE 16, 2025

The report notes that companies such as Expedia and some airlines are also assessing the use of stablecoins in their payment systems. It has cleared a procedural obstacle but still requires full approval in both the House and Senate before becoming law. Retailers are not alone in exploring these possibilities.

Stablecoins 36

Stablecoins CBDC Payments Financial Crimes 36

The Payments Association

JULY 18, 2025

Next steps/action required: Conduct or update a fraud risk assessment, with documented outputs and regular review cycles. FCA rules are expected to include enhanced obligations around financial promotions, complaint handling, creditworthiness assessments, and tailored disclosure.

Regulations 88

Regulations Payment APIs and Integration Payments Legal 88

Neopay

FEBRUARY 5, 2025

Financial system integrity: Fighting financial crime and strengthening resilience Financial crime prevention remains a top priority, with the FCA highlighting persistent weaknesses in governance, risk management, and fraud prevention.

Fraud Prevention 52

Fraud Prevention Financial Crimes Compliance Payments 52

Finovate

JUNE 3, 2025

Feedzai has launched Feedzai IQ , a fraud intelligence solution that uses anonymized, distributed data to deliver real-time risk assessments without compromising customer privacy. ” Feedzai was founded in 2011 as a risk operations platform specializing in identity verification, fraud prevention, and financial crime detection.

Fraud Prevention 40

Fraud Prevention Financial Crimes Compromise Privacy 40

Finextra

JULY 8, 2025

A Smarter Approach to Risk Assessment The FCA reiterates that not all PEPs pose the same level of risk. Practical Implications for Firms The finalised guidance emphasises the need for well-documented policies, appropriately trained staff, and clear, consistent risk assessments.

Money Laundering 52

Money Laundering Due Diligence Risk Risk Assessment 52

The Paypers

JUNE 25, 2025

The FATF also strengthened its Recommendation 1 earlier in 2025 to encourage countries to promote financial inclusion and to reinforce the expectation that AML, CFT, and CPF controls have to be implemented through a proportionate and risk-based process.

Financial Inclusion 36

Financial Inclusion AML Financial Crimes Crime 36

The Payments Association

JULY 18, 2025

As the payments sector continues to evolve, D&I practices will likely require ongoing assessment to ensure they remain aligned with business objectives, regulatory requirements, and stakeholder expectations. Read More »

Payments 88

Payments Financial Crimes Consulting Participant 88

Fintech News

MARCH 31, 2024

This balance ensures the protection of legitimate customers’ interests while empowering FIs to effectively assess and mitigate risks associated with financial crimes. It complements the industry’s existing close collaboration with MAS and law enforcement authorities to combat financial crime.

Financial Crimes 113

Financial Crimes Crime Money Laundering Law Enforcement 113

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 100

Financial Crimes Crime APACS Risk Assessment 100

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

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. For more than two decades I have now been working in the financial services industry.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

PYMNTS

JULY 24, 2020

PYMNTS’ July 2020 Preventing Financial Crimes Playbook , done in collaboration with NICE Actimize , examines the cybertheft menace from a variety of angles, with an eye on COVID-era scams. The COVID-19 pandemic is making the threat of financial crime worse,” states the new Playbook. So must good actors. Better Together.

Financial Crimes 75

Financial Crimes Crime Cybersecurity Risk Assessment 75

PYMNTS

SEPTEMBER 28, 2020

PYMNTS' September Preventing Financial Crimes Playbook , done in collaboration with NICE Actimize , analyzes the pandemic-era fraud landscape and identifies its many pitfalls. Financial crime-fighters simply won’t suffer this state of affairs. Isn’t it just like a crook to exploit a bad situation?

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

FICO

JULY 14, 2016

The sheer scope of financial crime—money laundering, evasion of sanctions, financing of terror and other transgressions—is shocking. All of these crimes were years in the making, which makes me think there are many more still out there, still gestating. And follow me on Twitter @FraudBird.

Financial Crimes 66

Financial Crimes Crime Money Laundering Due Diligence 66

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 65

Financial Crimes Crime Risk Assessment AML 65