The Fintech Times

MARCH 28, 2025

According to the 2024 Nasdaq global financial crime report, fraud scams and bank fraud schemes alone cost have cost businesses across the globe $485.6billion. In fact, the overall global economic impact of financial crime has been estimated to be $5trillion.

Financial Crimes 76

Financial Crimes Crime Fraud Prevention Due Diligence 76

Fintech Finance

FEBRUARY 13, 2025

Mastercard today officially announced the launch of TRACE (Trace Financial Crime) in Asia Pacific, a sophisticated network-level solution that harnesses artificial intelligence to identify and prevent money laundering and financial crime. giving financial institutions a network-level perspective they wouldnt otherwise have.

Money Laundering 75

Money Laundering Financial Crimes Crime Visa 75

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. The service allows clients to adapt the models to their specific task or use case. Vice President Yina Arenas.

Financial Crimes 59

Financial Crimes Crime Money Laundering Risk Assessment 59

Finovate

FEBRUARY 10, 2025

A newly announced strategic partnership between Backbase and Feedzai aims to bring advanced financial crime prevention technology to engagement banking. ” Headquartered in San Mateo, California, Feedzai offers technology that leverages AI to help businesses fight fraud and financial crime.

Financial Crimes 64

Financial Crimes Crime Fraud Prevention Account Takeovers 64

Fintech News

MAY 29, 2024

Singapore has released an Environmental Crimes Money Laundering National Risk Assessment (NRA), highlighting the primary threats and vulnerabilities associated with it. Environmental crimes, such as illegal wildlife trafficking and illegal logging, generate an estimated US$110 billion to US$281 billion in criminal gains annually.

Money Laundering 111

Money Laundering Crime Risk Law Enforcement 111

The Payments Association

APRIL 22, 2025

Industry players (banks and smaller payments players) must continue collaborating on typologies and prioritising detection and awareness campaigns" Jessica Cath Partner, Financial Crime, Thistle Initiatives "As banking security improves, criminals shift tactics, targeting the weakest linkpeople.

Scams 88

Scams Romance Scams Crime Online and Mobile Banking 88

Fintech News

APRIL 14, 2024

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. Pan-Asian life and health insurer AIA has partnered with regtech firm Silent Eight , which specialises in AI-driven compliance solutions.

Financial Crimes 114

Financial Crimes Crime Compliance AI 114

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. Pick up your ticket today and take advantage of early-bird savings!

Financial Crimes 52

Financial Crimes Crime White Collar Crime AML 52

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

FEBRUARY 21, 2024

The report by Chainalysis provides a deep dive into these changes, highlighting the decline in certain types of crypto crimes and the persistence, if not growth, of others, such as ransomware and darknet markets. These tools have enabled law enforcement agencies to trace the flow of funds, unmasking the networks behind criminal operations.

Crime 107

Crime Ransomware Scams Romance Scams 107

The Fintech Times

MARCH 7, 2025

To help organisations ensure they are not losing revenue and improving their efficiency, security and trust, The Centre for Financial, Innovation and Technology (CFIT) has published its blueprint for fighting economic crime through its Digital Company ID.

Compliance 96

Compliance Financial Crimes Crime Government 96

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 110

Financial Crimes Crime Money Laundering Law Enforcement 110

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

Fintech News

FEBRUARY 15, 2024

These data, released preliminarily in anticipation of the upcoming Chainalysis 2024 Crypto Crime Report, reveal that 2023 was a year of recovery for the cryptocurrency industry as the sector rebounded from the scandals, business collapses and price declines that took place in 2022. The crypto is up 9% from the start of 2024.

Ransomware 116

Ransomware Crime Transactions Romance Scams 116

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 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 102

Financial Crimes Crime APACS Risk Assessment 102

Fintech Review

FEBRUARY 6, 2025

About Feedzai Feedzai provides an end-to-end financial crime prevention platform, utilizing AI-driven solutions to support the detection and prevention of fraud and financial crime.

Financial Crimes 52

Financial Crimes Crime Fraud Prevention Risk Assessment 52

FloQast

MAY 2, 2024

Given the analytical nature of our profession, it should come as no surprise that we’re also huge on true crime. So, today, we’re especially proud to announce our first-ever true crime podcast, Fraud Files: The Rise & Fall of Dawn J. and an accomplished author, season one takes a deep dive into the life and crimes of Dawn J.

Crime 105

Crime Due Diligence Advisors Agreements 105

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 111

Financial Crimes Crime Authorization Consulting 111

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 88

Crime Ransomware Scams Phishing 88

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

The Payments Association

NOVEMBER 18, 2024

Rising youth involvement in economic crimes highlights the urgent need for robust financial education. However, young people are increasingly falling into careers of economic crime under the guises of hackers, fraudsters or money mules.

Financial Literacy 88

Financial Literacy Financial Crimes Crime Scams 88

Fintech News

JANUARY 26, 2025

The Need for Robust Cybersecurity Measures to Combat Financial Crime Southeast Asia’s digital economy is on track to exceed USD 300 billion in gross merchandise volume by 2025, presenting significant financial crime challenges, reports PwC.

Payments Trends 124

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 124

Fintech Finance

JANUARY 13, 2025

Combating fraud in payments: Exploring the evolution of fraud, data-sharing strategies, liability allocation, and the role of digital ID in preventing financial crime. Crypto and e-money innovation: Assessing the coexistence and competition between stablecoins, CBDCs, e-money, and traditional payments.

Finance 97

Finance Financial Crimes Crime Stablecoins 97

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. billion settlement with the U.S.

Financial Crimes 88

Financial Crimes Crime Due Diligence Money Laundering 88

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

Payments Source

SEPTEMBER 24, 2020

As many businesses and consumers have been forced to deal with the difficult conditions thrust upon them by the COVID-19 pandemic, so too have fraudsters needed to make adjustments just to continue their life of crime.

Crime 205

Crime Adjustments Payments Continuity 205

Finextra

MAY 27, 2025

The afternoon sessions in the main stream focused on strategising for instant payments and financial crime.

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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. With financial crime costing the UK up to 100billion a year, strong regulation is essential.

Regulations 72

Regulations Financial Crimes Money Laundering Crime 72

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 Crime Interoperability Payments 88

BioCatch

MAY 2, 2025

According to the FBIs Internet Crime Complaint Center (IC3), nearly 860,000 complaints were filed concerning scams, fraud, and other internet crimes. In 2024, scammers and cybercriminals inflicted devastating losses on American consumers, stealing an unprecedented $16.6 billion, a 33% increase from the previous year.

Scams 59

Scams Crime Consumer 59

Fintech News

DECEMBER 3, 2024

The United Nations Office on Drugs & Crime has identified the country as a hub for illicit activities, including money laundering and dark web transactions facilitated by cryptos. This regulatory action occurs amid increasing international scrutiny of Cambodia’s involvement in cybercrime and crypto scams.

Blocks 111

Blocks Money Laundering Scams Regulations 111

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 136

Financial Crimes Security Crime Cross-Border Payments 136

Bank Automation

DECEMBER 17, 2024

11 statement said that Klarna had significant deficiencies in its crime prevention measures, including failing to assess how its services could […] The post Klarna fined $46M for neglecting fraud regulations appeared first on Bank Automation News. The regulator in a Dec.

Regulations 98

Regulations Money Laundering Crime Assessments 98

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 Crime 59

Fintech News

FEBRUARY 4, 2025

In todays rapidly changing regulatory environment and the growing threat of financial crime, firms must prioritise strengthening their client onboarding and KYC processes, Kiamil emphasised. 38% of respondents indicated plans to implement AI to enhance operational efficiency, while 30% aim to improve data accuracy with AI-powered tools.

Money Laundering 117

Money Laundering Due Diligence AML Financial Crimes 117

Neopay

APRIL 22, 2025

In a show of force for cross-agency collaboration, the National Crime Agency (NCA) has spearheaded a widespread crackdown on high street crime with Operation Machinize, focusing on barbershops and other cash-incentive businesses that are suspected of being used for money laundering and modern slavery.

Money Laundering 52

Money Laundering Crime Financial Crimes Due Diligence 52