Fintech News

JULY 15, 2025

Despite spending over $200 billion globally on compliance, financial crime continues to surge. AI, deepfakes, and scam networks are evolving faster than traditional defenses.

Financial Crimes 52

Financial Crimes Crime Compliance Deepfake 52

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

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.

Payments Trends 88

Payments Trends Financial Crimes Cross-Border Payments 88

The Payments Association

JULY 19, 2025

Industry commentary “The payments market continually evolves, giving consumers and businesses more choice and greater convenience. Smaller PSPs are driving competition and innovation, using real-time data and the latest technology to prevent economic crime.

Money Laundering 88

Money Laundering Risk Financial Crimes 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. This suggests a continued investment in areas such as technological capabilities and digitalisation.

Financial Crimes 88

Financial Crimes Interoperability Crime Payments 88

Fintech News

JANUARY 26, 2025

Key benefits of embedded finance include faster payment processing, improved operational efficiency, lower costs, and higher customer satisfaction, making it an attractive proposition for financial and non-financial businesses alike. This development could likely to have a significant impact on the overall payments ecosystem in Asia.

Payments Trends 127

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

The Fintech Times

FEBRUARY 19, 2025

Feedzai , an AI solution provider in financial crime prevention, is teaming up with payments giant Mastercard , to makeit easier for more banks to identify and stop scams, protecting consumers and businesses globally. As payments continue to evolve, fraudsters are increasingly using AI to scam consumers.

Visa 59

Visa AI Consumer Scams 59

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

The Payments Association

OCTOBER 28, 2024

In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers. One of the most alarming trends identified in the report is the continued rise in social engineering scams, which now account for a significant portion of fraud activity.

Scams 88

Scams Push-to-Card Fraud Detection Online and Mobile Banking 88

The Fintech Times

APRIL 2, 2025

Revolut today released its third Consumer Security and Financial Crime Report , revealing the rapidly evolving tactics of fraudsters across its markets. The report highlights that Meta platforms remain the biggest source of all scams globally (58 per cent) in 2024.

Scams 59

Scams Consumer Financial Crimes Encryption 59

Fintech Finance

DECEMBER 19, 2024

Visa (NYSE: V) today announced it has completed its acquisition of Featurespace , a developer of real-time artificial intelligence (AI) payments protection technology that prevents and mitigates payments fraud and financial crime risks.

Fraud Prevention 97

Fraud Prevention Value Added Service Financial Crimes AI 97

The Payments Association

NOVEMBER 18, 2024

Banks should continue to address barriers such as consumer expectations and the need for technology expertise to maintain their competitive edge. Traditional banks continue to hold a significant portion of the market, with Traditional Commercial Banking expected to dominate in the Americas with a projected market volume of US$546.37

FinTech 88

FinTech Online and Mobile Banking Acquirers Fraud Prevention 88

The Payments Association

JANUARY 3, 2025

On 19 November 2024, merchants from across sectors gathered in London as part of The Payments Associations Financial Crime 360 (FC360) series to address the ever-evolving challenge of fraud in their operations. Improving regulations, using technology for detection, and fostering industry-wide cooperation.

Fraud Detection 88

Fraud Detection Fraud Prevention Participant Financial Crimes 88

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. The gap lies between strategy and execution.”

Compliance 77

Compliance Financial Crimes Money Laundering AML 77

Finextra

JUNE 11, 2025

UPI Dominance: UPI continues to set global benchmarks, accounting for nearly 46% of all global real-time digital transactions in 2022. Impact: Significantly reduce remittance costs and time, boost international trade, and strengthen Indias position in the global financial architecture.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

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

FEBRUARY 10, 2025

On 6 November 2024, the government released its guidance to organisations on the offence of failure to prevent fraud , introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). Taking proactive action Conducting a risk assessment must be a continual process for firms looking to avoid repercussions.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Payments Association

DECEMBER 9, 2024

Firms must adopt transparent AI practices, enhance regulatory frameworks, and continuously train models to navigate the evolving landscape of AI-driven threats. Cohn adds: We cannot ignore that the increasing use of AI in payments will carry continued concerns about the security and privacy of personal data. What’s next?

Privacy 88

Privacy Payment Security AI Security 88

The Payments Association

APRIL 28, 2025

Implementing new payment methods follows closely at 10%, showing that the introduction of innovative payment systems continues to challenge firms. Financial crime and cyber security threats are identified by 9% of respondents, underlining the importance of maintaining robust defences as digital payments expand.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Digital Currency Financial Crimes 88

Fintech News

OCTOBER 31, 2024

It’s also registered with the US Financial Crimes Enforcement Network (FinCEN). Founded in 2016, YouTrip is a mobile financial platform that offers a multi-currency mobile wallet and a contactless Mastercard to make payments in over 150 currencies with no fees. It claims more than 20,000 business customers.

Cross-Border Payments 133

Cross-Border Payments Cross-Border Payment APIs and Integration Multi-Currency 133

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. The brand could even benefit from transparency about what they’ve fixed.

Financial Crimes 64

Financial Crimes Crime Security Online and Mobile Banking 64

Fintech Review

MARCH 11, 2025

This is particularly crucial because, in many scams, customers validate fraudulent transactionseffectively handing scammers the green light to continue their schemes. ScamAlert transforms customers into active defenders against increasingly sophisticated scams.

Scams 52

Scams Fraud Prevention Risk Assessment Financial Crimes 52

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

JANUARY 13, 2025

Moreover, payments operators and financial institutions must place fraud management and financial inclusion at the forefront when designing payment services, preserving the value of their offerings to safeguard customers, restore confidence and foster innovation in digital payments.

Scams 88

Scams Romance Scams Phishing Volume 88

Neopay

JUNE 24, 2025

Yearly financial crime and safeguarding audits are now standard practice — but what about the rest? It’s easy to focus on the audits that are mandated on the firms by the law or regulations, like financial crime and safeguarding, and assume that means you’re fully covered. So, it’s not a tick-box exercise?

Audit 59

Audit Compliance Financial Crimes Crime 59

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. It is pre-integrated with core banking systems and fintech solutions to support scalability and operational efficiency.

Financial Crimes 52

Financial Crimes Crime Fraud Prevention Risk Assessment 52

Neopay

JANUARY 30, 2025

The Financial Conduct Authority (FCA) has recently published its findings on how firms are using the National Fraud Database (NFD) and money mule account detection tools to combat financial crime. The National Economic Crime Plan (2023-2026) has identified money mules as a major enabler of fraud and other criminal activities.

Financial Crimes 59

Financial Crimes Fraud Detection Crime Best Practices 59

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

Finovate

MARCH 19, 2025

A newly announced partnership between core banking provider Tuum and full-cycle verification platform Sumsub will give banks, fintechs, and financial institutions the ability to streamline customer onboarding and enhance fraud prevention without adding friction to the user experience.

Fraud Prevention 96

Fraud Prevention Fraud Detection Payment APIs and Integration Verification 96

Fintech Review

MARCH 10, 2025

Real-Time Monitoring: Keep an eye on performance continuously to catch and fix issues quickly. Ongoing Updates: Continuously refine and improve the system based on real feedback. R – Robust Consistent Performance: Ensure the AI delivers reliable results even when conditions change.

Financial Crimes 52

Financial Crimes AI Crime Adjustments 52

Neopay

JUNE 20, 2025

Efforts to combat fraud The financial services sector has been proactive in its efforts to prevent fraud, investing heavily in technology and working closely with law enforcement, government, and other sectors to disrupt criminal activities. The post Fraud in 2024: A Continued Threat to Financial Security appeared first on Neopay.

Continuity 52

Continuity Security Fraud Prevention Law Enforcement 52

The Payments Association

MAY 21, 2025

This award is a significant validation of our AI-driven fraud prevention technology and the Lynx teams dedication to closely partnering with our customers in the fight against financial crime. Financial institutions (FIs) grapple with complex, interconnected fraud and financial crime challenges.

Fraud Prevention 88

Fraud Prevention Fraud Detection Financial Crimes Crime 88

The Payments Association

NOVEMBER 25, 2024

Banks continue to sever ties with MSBs like PFS without individualised assessments, often citing AML concerns or geopolitical risks associated with countries like Iran. 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

The Paypers

JUNE 17, 2025

Both companies will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.

Cross-Border 46

Cross-Border Payment APIs and Integration CBDC Financial Crimes 46

The Payments Association

JUNE 11, 2025

As threats continue to grow in both volume and sophistication, platform operators must find new ways to balance commercial agility with robust risk oversight. Additionally, the sharing of data, both internally and on a federated, industry-wide basis, will be key to winning the war on financial crime.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

Fi911

JUNE 9, 2025

Continuous monitoring catches compromises early. Local FBI offices and Secret Service units specialize in financial crimes, but they need quick notification and comprehensive documentation. Rather than relying on email for sensitive changes, institutions should implement vendor portals with proper authentication.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

Finovate

FEBRUARY 3, 2025

UK-based financial crime compliance solutions company Napier AI has received a majority growth investment from Marlin Equity Partners. Financial crime compliance solutions company Napier AI has received a majority growth investment from Marlin Equity Partners. Today’s funds add to Napier AI’s existing $55.8

AI 52

AI Financial Crimes Money Laundering AML 52