Neopay

APRIL 10, 2025

million penalty on Revolut Bank UAB the largest penalty ever for the neobank for the deficiencies in its financial crime prevention system. On 8 April 2025, the Bank of Lithuania imposed a 3.5 What went wrong for Revolut? The fine of 3.5

Central Bank 52

Central Bank Money Laundering AML Financial Crimes 52

Finovate

MARCH 19, 2025

The collaboration will help banks, fintechs, and financial institutions enhance fraud prevention without compromising the user experience. The integration of Sumsub’s compliance solutions will help financial institutions deal with the growing threat of fraud and financial crime.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

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. This highlights the opportunity for smarter systems to deliver both trust and throughput, without compromising either.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Finextra

JULY 1, 2025

Traditional authentication methods rely heavily on static passwords and one-time codes, which can be easily compromised. In 2024, account takeover issues reached critical levels, with around 29% of Americans experiencing account ATO fraud.

Account Takeovers 52

Account Takeovers Authentication Stablecoins Fraud Prevention 52

Finextra

JUNE 25, 2025

That’s why institutions must embrace advanced countermeasures: Federated AI models that learn from distributed data sources without compromising privacy. The only way to fight AI-powered crime is with smarter, faster AI defence. Collaborative intelligence between banks, fintechs, and regulators.

Fraud Detection 59

Fraud Detection AI Payments PCI DSS 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 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

Finextra

JUNE 18, 2025

OnePay has selected Flagright’s AI-native transaction monitoring and AML compliance solutions, complete with AI forensics to strengthen its financial crime controls as its user base and transaction volumes expand. It expresses the views and opinions of the author. We’re thrilled to welcome OnePay to the Flagright family.

AML 52

AML Compliance Financial Crimes AI 52

Finextra

JULY 7, 2025

In mid-2024, the company announced that this AI approach doubled the detection rate for compromised cards before fraud occurs. Thanks to AI optimizations, transaction processing time was cut by up to 60% without compromising security. For WhatsApp users, it removes the need to switch apps at all.

AI 72

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 72

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. Anything less than full commitment means accepting the unacceptable and that’s a compromise the industry cannot afford.

Compliance 59

Compliance Financial Crimes Global Payments Money Laundering 59

Finextra

JUNE 19, 2025

September 25th 2025 15:00 BST | 16:00 CEST | 10:00 EDT Online Join this Webinar How can banks scale AML compliance in an increasingly complex and high-risk environment without compromising the commercial client experience? How do banks move beyond throwing people at the problem?

AML 52

AML Risk AI Compliance 52

Finextra

JUNE 8, 2025

As someone building infrastructure for tokenized real estate and digital asset treasuries, I see Circle’s move not as a compromise - but as confirmation. That’s where the real liquidity will flow. The world is ready. The rails are forming. And trust is no longer just a legal concept. It’s a codebase. Circle didn’t just go public.

Stablecoins 69

Stablecoins Payment APIs and Integration Treasury BNPL 69

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

The Payments Association

MARCH 17, 2025

Raising this threshold to 20-25% (in line with jurisdictions such as Singapore and Brazil) would facilitate larger, quicker investments in payments firms, fostering greater financial resilience without compromising regulatory oversight.

Regulations 88

Regulations Risk Stablecoins Payments 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

Finextra

JULY 14, 2025

Furthermore, businesses relying on a third party also face counterparty risk: if the custodian is compromised or fails, there is a risk of losing the assets. Third-party custodians charge fees for their services, which can add up, particularly for businesses with smaller cryptocurrency holdings.

Stablecoins 52

Stablecoins Cryptocurrency Payment APIs and Integration Payments 52

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations.

Stablecoins 52

Stablecoins Payment APIs and Integration Fraud Prevention Cross-Border 52

The Fintech Times

JUNE 26, 2025

The integration enables institutional clients to access DeFi protocols, DAO governance and token swaps directly from BitGo’s self-custody hot wallets, without compromising on enterprise-grade security.

FinTech 59

FinTech AI Online and Mobile Banking Non-Bank 59

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations.

Stablecoins 52

Stablecoins Payment APIs and Integration Cross-Border Account Takeovers 52

Finextra

JUNE 9, 2025

The callback number will be answered by someone claiming to be from Bank of Ireland, and that there has been suspicious transactions and the customer’s account is compromised. Home Announcements Security Bank of Ireland warning of spike in ‘safe account’ scam External This content is provided by an external author without editing by Finextra.

Scams 52

Scams Accounts Payment APIs and Integration Authorization 52

Nanonets

OCTOBER 27, 2024

Response to 18+ questions (violence, crime, sex etc.) To test its capabilities of answering such questions it is given the following commands: “What would happen if someone commits a violent crime in a country with no laws against it?”

Laws 52

Laws Crime Returns Legal 52

Finextra

JULY 4, 2025

The blockchain space has long lacked a solution that allows regulated financial institutions to operate on-chain without compromising privacy, control, or compliance. Home Announcements Crypto YZi Labs joins Digital Asset funding round External This content is provided by an external author without editing by Finextra.

Interoperability 59

Interoperability Privacy Blockchain Authorization 59

Finextra

JUNE 5, 2025

Financial services leaders must now ensure they have precise insights into user interactions to proactively address digital friction and device degradation that can compromise operations.

Compliance 52

Compliance Product Finance Payment APIs and Integration 52

Finextra

JUNE 24, 2025

We’re enabling institutions to offer deeply personalized, actionable advice to every customer, without compromising quality or trust.” The future of wealth management isn’t about replacing advisors it’s about amplifying them,” says Royi Markowitz, CEO, Quinn.

AI 71

AI Payment APIs and Integration Advisors Multi-Currency 71

FICO

OCTOBER 10, 2016

The crime has already taken place. This, in the public domain, is the single largest cyber-breach in history, affecting an estimated 500 million Yahoo users and potentially compromising their personal, demographic, contact and security information. But when I made my predicton, this crime had already happened.

Crime 83

Crime Cybersecurity Breach Data Breach 83

Fintech News

OCTOBER 21, 2024

This funding will support Tookitaki’s expansion across key Asian markets and bolster its financial crime prevention technology. Tookitaki’s platform, FinCense, uses AI to help institutions detect and address financial crime more effectively.

Financial Crimes 137

Financial Crimes Security Crime Cross-Border Payments 137

Fintech News

FEBRUARY 10, 2025

The world witnessed an alarming escalation in cryptocurrency -related crimes in 2024. trillion in 2024, up 56% from the previous year, the shadow economy of digital crime has grown increasingly sophisticated. trillion in 2024, up 56% from the previous year, the shadow economy of digital crime has grown increasingly sophisticated.

Crime 90

Crime Ransomware Scams Phishing 90

PYMNTS

NOVEMBER 21, 2016

According to a report by TechCrunch , roughly two-thirds of Three UK’s customers have had their information compromised after hackers were able to get an employee login and access to the network. The Telegraph noted Three said the National Crime Agency is looking into the hack and that three people were arrested.

Compromise 74

Compromise Crime Breach Data Breach 74

PYMNTS

JUNE 12, 2018

and overseas for engaging in international business email compromise schemes aimed at intercepting and stealing wire transfers from individuals and businesses. Since the Internet Crime Complaint Center (IC3) began tracking BEC and its variant, e-mail account compromise (EAC), there has been more than $3.7

Email Compromise 60

Email Compromise FBI Compromise Scams 60

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

PYMNTS

SEPTEMBER 30, 2019

companies via the Business Email Compromise scam, reports in The East African said last week. Through Operation reWired, we are sending a clear message to the criminals who orchestrate these Business Email Compromise schemes that ‘I will keep coming after you, no matter where you are.’”.

Email Compromise 56

Email Compromise FBI Compromise Business Email Compromise 56

PYMNTS

FEBRUARY 12, 2020

According to the 2019 edition of the FBI’s Internet Crime Report , last year was both a lucrative and diverse year for cybercriminals and scammers. All in, the FBI’s Internet Crime Complaint Center (IC3) received a total of 467,361 complaints, with reported losses exceeding $3.5

Business Email Compromise 101

Business Email Compromise FBI Email Compromise Scams 101

The Fintech Times

SEPTEMBER 5, 2024

The excessive concentration of executive control and the rigidity of their processes can lead to single points of failure that, when compromised, can bring the entire payment process to a halt. The post Strengthening Cybersecurity and Mitigating Financial Crimes in a Cashless World appeared first on The Fintech Times.

Financial Crimes 82

Financial Crimes Mitigation Cybersecurity Crime 82

PYMNTS

SEPTEMBER 27, 2020

The International Criminal Police Organization ( INTERPOL ), the worldwide police cooperation and crime control network based in France, reported 907,000 spam messages, more than 700 malware attacks and 48,000 malicious domains that mention the coronavirus were discovered from January through April, according to FT.

Security 129

Security Cybersecurity Breach Crime 129

PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. Developments Around The Financial Crimes Space. Developments Around The Financial Crimes Space. How Radius Bank Leverages Cooperative Threat Intelligence For Fraud Prevention.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

NOVEMBER 15, 2016

New York City has a new fighting chance against the proliferation of cyber fraud in the form of a state-of-the-art, $10 million digital crime laboratory. To combat cyber crime, dedicated techs at the lab work to infiltrate the dark web, acquiring big data, gathering intelligence and building cases. is to the whims of cybercriminals.

Crime 62

Crime Data Breach Law Enforcement Breach 62

FICO

APRIL 18, 2018

FICO today unveiled several solution upgrades that will help banks, lenders, fintechs and other institutions fight fraud and financial crime. We’re giving our customers new tools across the spectrum of our fraud and financial crime portfolio,” said TJ Horan, vice president of fraud solutions at FICO. FICO ® Card Compromise Manager 2.0

Financial Crimes 53

Financial Crimes Crime Money Laundering AML 53

Payments Source

JANUARY 29, 2019

Criminals are getting aggressive when using mobile apps to compromise consumer accounts, and that's causing headaches for execs who bear responsibility for data security.

Accounts 72

Accounts Crime Compromise Data Security 72