Finovate

APRIL 8, 2025

The fintech, which made its Finovate debut at FinovateSpring 2022, will use the capital to help Tier 1 banks leverage AI to fight financial crime. This drives up the cost of fighting financial crime. The investment adds to the more than $134 million the company has already raised.

Financial Crimes 71

Financial Crimes Crime Money Laundering Fraud Detection 71

Fintech News

APRIL 14, 2024

Pan-Asian life and health insurer AIA has partnered with regtech firm Silent Eight , which specialises in AI-driven compliance solutions. This collaboration will involve the deployment of Silent Eight’s AI platform, Iris , to enhance AIA’s financial crime compliance screening processes across multiple jurisdictions.

Financial Crimes 116

Financial Crimes Crime Compliance AI 116

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. Vice President Yina Arenas.

Financial Crimes 59

Financial Crimes Crime Money Laundering Risk Assessment 59

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 collaboration will be officially unveiled at Money 20/20.

Financial Crimes 52

Financial Crimes Crime Global Payments AI 52

The Payments Association

OCTOBER 20, 2023

Richard Dunlop of fscom summarises the major points of the 2023 Financial Crime Compliance Report and highlights key issues in anti-money laundering strategies that have been identified. Read more

Financial Crimes 88

Financial Crimes Crime Compliance Money Laundering 88

The Payments Association

MAY 20, 2024

On 25 April 2024, the FCA proposed significant updates to its Financial Crime Guide, aiming to enhance clarity and compliance for financial and cryptoasset firms. Read more

Financial Crimes 88

Financial Crimes Crime Compliance Consulting 88

The Payments Association

MAY 28, 2025

OpusDatum, a leading provider of data-driven compliance solutions, has announced the launch of its comprehensive WTR Knowledge Hub , designed to enhance understanding and compliance across the global payments sector.

Compliance 88

Compliance Wire Transfer Wire Wires 88

Finextra

AUGUST 5, 2024

FinextraTV, Julia Thorn, Senior Marketing Manager, Financial Crime Compliance, LexisNexis® Risk Solutions and Robert Campbell, Programme Director of United for Wildlife, The Royal Foundation of The Prince and Princess of Wales, dive deep into their recently released report on how wildlife trafficking can be combatted with the power of collaboration. (..)

Financial Crimes 105

Financial Crimes Crime Money Laundering Mitigation 105

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 104

Financial Crimes Crime APACS Risk Assessment 104

Finovate

JANUARY 30, 2025

What can the financial services industry do to better educate their clients about the challenge of financial crime? Before joining the financial services industry, Littlechild was a specialist in white collar crime, investigations, and compliance at Ropes and Gray.

Financial Crimes 52

Financial Crimes Crime White Collar Crime AML 52

The Payments Association

JANUARY 21, 2025

This report provides a comprehensive analysis of the key trends defining the payments sector in 2024, highlighting the opportunities for strategic growth, as well as the challenges posed by regulatory pressures, financial crime, and evolving infrastructure demands. However, this growth is not without its hurdles.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 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.

Compliance 59

Compliance Financial Crimes Global Payments Money Laundering 59

Fintech Finance

MARCH 10, 2025

Recent Datos Insights research indicates that 91% of surveyed financial institutions (FIs) are making significant or moderate investments in payment modernization. However, many still rely on legacy AML compliance systems built for fewer payment rails, most of which are not aligned with real-time settlement workflows.

Real Time Payments 98

Real Time Payments Faster Payments Transactions Money Laundering 98

The Fintech Times

JANUARY 21, 2025

As much as three-quarters (72 per cent) of regulated companies feel overwhelmed by current anti-financial crime compliance demands; according to the latest study by digital compliance and anti-money laundering (AML) solution provider SmartSearch.

Regulations 72

Regulations Financial Crimes Money Laundering Crime 72

Fintech News

NOVEMBER 27, 2024

James Smith “We’re excited to partner with Sumsub to create a stronger shield against financial crime in the crypto industry. By integrating its analytics, we can continue to push the boundaries in fighting against financial crime, with the largest global ecosystem of virtual asset service providers (VASPs).

Crime 113

Crime Financial Crimes Travel Rule Blockchain 113

Fintech Finance

FEBRUARY 17, 2025

Fintech compliance is an increasingly important aspect of the financial industry. As the fintech industry continues to grow and evolve, so do the demands for regulatory compliance. “Compliance is the foundation of trust in global payments.

Compliance 59

Compliance Payment Solutions Global Payments Risk 59

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

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. On the other hand, those leveraging automation and AI can transform KYC and onboarding from mere compliance tasks into strategic advantages.

Money Laundering 119

Money Laundering Due Diligence AML AI 119

Fintech Review

FEBRUARY 6, 2025

By partnering with Backbase, were empowering financial institutions to deliver a unified, seamless journey that not only protects customers from fraud, but also ensures they feel valued, understood, and safe. Users can visit www.backbase.com for more.

Financial Crimes 52

Financial Crimes Crime Fraud Prevention Risk Assessment 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. Susceptibility to errors: Human mistakes can overlook fraud or misreport compliance.

Regulatory Compliance 136

Regulatory Compliance AML Compliance PCI DSS 136

Fintech News

FEBRUARY 21, 2024

This development is set against the backdrop of evolving financial crimes, which increasingly involve complex, multi-jurisdictional operations. Featured image credit: Edited from Freepik The post How Will MAS New Amendments Impact Financial Crime Enforcement appeared first on Fintech Singapore.

Financial Crimes 113

Financial Crimes Crime Authorization Consulting 113

Fintech News

JANUARY 26, 2025

Emerging trends such as cross-border payment systems and open banking initiatives are breaking down traditional barriers, fostering greater connectivity and efficiency in Asias financial landscape. The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatory compliance.

Payments Trends 127

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 127

Fintech News

SEPTEMBER 18, 2024

Singapore-based B2B fintech firm Aspire has appointed Summer Yu as Global Head of Compliance and Tommaso Scarpa as Head of Compliance for Singapore. These appointments aim to strengthen the company’s compliance, risk, and IT security teams, which have reportedly increased fivefold in the past 24 months.

Compliance 109

Compliance Financial Crimes Crime ISOs 109

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 Finance

NOVEMBER 20, 2024

Thunes , the Smart Superhighway to move money around the world, today announced the appointment of Peter Cohen as its new Chief Compliance Officer, effective immediately. With over 20 years of experience in the payments industry, Peter brings deep expertise in both regulatory and financial crime compliance.

Compliance 97

Compliance Cross-Border Financial Crimes Crime 97

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. What’s next? For companies operating in the UK, understanding the implications of this legislation is critical.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Fintech Finance

OCTOBER 30, 2024

” – Chief Compliance Officer at Ecommpay. .” – Head GRC Consultant for Europe & APAC, Finance Advisory at EPAM Systems (CH) GmbH “Incredible lineup of speakers with so many different topics of discussion; innovation, the way the future of payments looks! Really good!”

Compliance 98

Compliance AML Money Laundering Payments 98

The Payments Association

FEBRUARY 10, 2025

The compliance challenges of virtual IBANs, focusing on AML obligations and regulatory gaps. However, their rapid adoption has raised concerns about regulatory oversight, particularly concerning anti-money laundering (AML) compliance. Including structured data would help PSPs monitor and mitigate financial crime risks.

IBAN 88

IBAN AML Master Account Due Diligence 88

The Payments Association

APRIL 7, 2025

The findings reflect professionals’ perspectives across various seniority levels and industry segments, including banking, digital assets, and financial crime prevention, among others. It serves as a valuable resource for stakeholders seeking to navigate the complexities of this dynamic sector.

Financial Crimes 88

Financial Crimes Interoperability Payments Crime 88

Fintech Finance

MARCH 10, 2025

Recent Datos Insights research indicates that 91% of surveyed financial institutions (FIs) are making significant or moderate investments in payment modernization. However, many still rely on legacy AML compliance systems built for fewer payment rails, most of which are not aligned with real-time settlement workflows.

Real Time Payments 75

Real Time Payments Faster Payments Transactions Money Laundering 75

Finovate

DECEMBER 2, 2024

Belgian regtech Harmoney has acquired compliance specialist APPC, a subsidiary of the Forsides Group. Belgium-based regtech Harmoney announced its acquisition of APPC, the compliance-oriented subsidiary of the Forsides Group. This will provide APPC clients with access to an even broader range of compliance solutions.

Compliance 105

Compliance Acquirers Money Laundering Due Diligence 105

Finovate

AUGUST 13, 2024

Financial crime compliance platform Lucinity announced a strategic partnership with AI data management company Knights Analytics. The partnership will bring advanced AI-powered data management capabilities to bear to fight financial crime. Lucinity made its Finovate debut at FinovateSpring 2023 in San Francisco.

Financial Crimes 59

Financial Crimes Crime Compliance AI 59

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 64

Cross-Border Addressing Financial Crimes Elder Abuse 64

The Payments Association

APRIL 28, 2025

Triple Threat Challenge Landscape Regulatory compliance, customer needs understanding, and digital transformation each represent 11% of reported challenges, creating unprecedented pressure from all fronts simultaneously.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Payments 88

The Payments Association

NOVEMBER 25, 2024

When legitimate businesses are driven out, customers seeking essential services have few options, often turning to black market operators who lack compliance oversight. This shift increases financial crime risk and erodes the efficacy of the UK’s AML and counter-terrorist financing (CTF) frameworks.

Risk 88

Risk Financial Crimes AML Financial Inclusion 88

Finextra

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.

Financial Crimes 52

Financial Crimes Crime Compliance Cross-Border Payments 52

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