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. Collect data from internal and external sources.

Financial Crimes 52

Financial Crimes AML Crime Automation 52

The Fintech Times

JULY 3, 2024

Silvija Krupena , director of the financial intelligence unit at RedCompass Labs Silvija Krupena , director of the financial intelligence unit at financial consulting firm RedCompass Labs , comments: “It’s important that social media platforms don’t get let off the hook when it comes to reimbursing victims of online fraud.

Scams 105

Scams Financial Crimes Due Diligence Crime 105

Stax

DECEMBER 4, 2023

Best practices for ensuring AML compliance as a PayFac include continuously updating your AML policies, utilizing advanced technologies for monitoring, periodic internal reviews and audits, and engaging with AML experts and consultants. Engaging with AML experts and consultants AML is an ever-evolving field.

Money Laundering 88

Money Laundering Compliance AML BSA 88

The Fintech Times

JUNE 20, 2024

“We are pleased to partner with Sumsub, following a rigorous due diligence process. “In addition to providing technology, we always aim to be trusted consultants to our clients. “By partnering with Finastra, we aim to support financial institutions to strengthen their verification and anti-fraud processes.

Compliance 59

Compliance Process APACS Money Laundering 59

Neopay

DECEMBER 6, 2023

These reviews mainly focused on areas related to financial crime, controls, risk management, and business conduct, prompting firms to proactively evaluate their practices in these domains. Financial crime, conduct of business, and client assets are frequent areas prompting such reviews.

Audit 59

Audit Regulatory Compliance Financial Crimes Compliance 59

PYMNTS

OCTOBER 22, 2018

With financial crime on the rise, CGI HotScan360 aims to deliver integrated, intelligent and real-time anti-money laundering (AML), customer due diligence and fraud detection capabilities. CGI has announced the launch of CGI HotScan360, an enhanced version of its industry leading HotScan solution.

Risk Mitigation 43

Risk Mitigation Mitigation Compliance Risk 43

Neopay

JANUARY 25, 2024

The new Guidelines highlight ML/TF risk factors and mitigating measures that CASPs need to consider, representing an important step forward in the EU’s fight against financial crime. CASPs can be abused for financial crime purposes, including ML and TF. The amending Guidelines will apply from 30 December 2024.

Service Provider 52

Service Provider Risk Due Diligence Money Laundering 52

The Fintech Times

SEPTEMBER 19, 2024

Previously, the AML focus was primarily on conducting due diligence during the onboarding of new customers and periodically throughout the customer lifecycle. “Fintechs must vigilantly identify and monitor financial crime risks to identify potential sanctions violations and suspicious activity.

Risk 59

Risk Financial Crimes AML Risk Management 59

Neopay

JUNE 27, 2024

Many in financial services have been concerned that some elements of the FCA’s more stringent approach may not always be justified by reductions in financial crime and money laundering or consumer protection. Compliance with AML and Financial Crime Regulations AML and financial crime compliance is a top priority for the FCA.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Crime 52

The Payments Association

OCTOBER 14, 2024

This decision follows consultations with payment service providers (PSPs) and pressure from The Payments Association after concerns that the higher cap would impose heavy financial burdens on smaller firms and start-ups. “The issue here is more that the whole thing hasn’t really been thought about holistically.

Caps 88

Caps Fraud Prevention Fraud Detection Scams 88

Fintech News

JANUARY 24, 2024

In May 2023, the MAS released a Consultation Paper on amendments to the Payment Services Regulations 2019, introducing new measures for Digital Payment Token (DPT) services, including a requirement for customer asset safekeeping under statutory trust. The company provides crypto assets, as well as custody and clearing infrastructure services.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Fintech Labs Insights

MARCH 24, 2016

You say you wanna revolution in due diligence, but would love to see the plan? OutsideIQ has leveraged its strengths in cognitive computing and natural language processing to deliver an automated due diligence solution, DDIQ. Finovate: What problem does OutsideIQ solve? Finovate: How does DDIQ solve the problem better?

Due Diligence 14

Due Diligence Audit Regulatory Compliance Assessments 14

Neopay

JANUARY 2, 2024

In an exclusive interview with Neopay’s Consultancy Manager, Margita Layne, we delve into the pivotal role of internal and external monitoring in ensuring regulatory compliance within the financial services sector. Firms must ensure that they select credible partners with the appropriate level of expertise in the industry.

Regulatory Compliance 59

Regulatory Compliance Compliance Audit Procedures 59

The Payments Association

JUNE 5, 2025

This stark contrast highlights the dichotomy: in principle, changing consumer behaviour in financial services seems easypeople even say they will, but in practice, entrenched habits, trust and perceived effort make meaningful change exceptionally difficult." However, we are now seeing a shift in the adoption of new technology.

Payments Trends 88

Payments Trends Consumer Online and Mobile Banking Debit Card 88

Finovate

JANUARY 28, 2025

PwC UK and PwC Channel Islands will deploy KYC Portal CLM , the company’s client lifecycle management platform that features AML technology, including risk assessment tools and advanced due diligence (CDD) capabilities. ” Founded in 2008, KYC Portal made its Finovate debut at FinovateEurope 2019 in London.

Due Diligence 52

Due Diligence Risk Assessment Financial Crimes AML 52

The Payments Association

MAY 14, 2025

Attwal pointed to the expanding use of AI across the compliance lifecyclefrom onboarding and customer due diligence to transaction monitoring and sanctions screening. The panel explored how global trade, technology, and regulatory approaches are intersecting in this new landscape.

Cross-Border Payments 88

Cross-Border Payments Correspondent Bank Cross-Border Correspondent 88