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Build vs buy? Strategic decisions in financial crime management

The Payments Association

Whether financial institutions should build or buy financial crime management systems. As Financial crime grows increasingly complex, payment leaders face a critical choice: build an in-house financial crime management (FCM) solution or buy an established third-party system. Why is it important? What’s next?

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SNEAK PEAK: Unveiled: 2024 Key Financial Crime 360 findings

The Payments Association

SNEAK PEAK: 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?

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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

Economic Crime and Corporate Transparency Act examined: A guide to avoiding the failure-to-prevent fraud offence February 6 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? And dont forget to keep your risk assessment and procedures up-to-date going forward!

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Lynx launches AI-powered AML screening solution to combat evolving financial crime risks

The Payments Association

With the United Nations Office of Drugs and Crime estimating that between 2 and 5% of global GDP is associated with money laundering each yearbetween 715 billion and 1.87 We provide advanced solutions utilising supervised machine learning models and artificial intelligence to combat fraud and financial crime.

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Payments trends report 2024

The Payments Association

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.

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Sumsub and Elliptic Join Forces to Fight Crypto Crime

Fintech News

The need for such solutions is critical as blockchain-related crime continues to rise. James Smith “We’re excited to partner with Sumsub to create a stronger shield against financial crime in the crypto industry. Sumsub’s own Identity Fraud Report 2024 indicates that crypto is a high-risk industry for fraud.

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Evolving money laundering risks for EMIs: Insights from the upcoming NRA

The Payments Association

Smaller PSPs are driving competition and innovation, using real-time data and the latest technology to prevent economic crime. Jane Jee Ambassador, TPA “Despite leaner compliance teams, EMIs are subject to the UK’s strict MLRs and FCA oversight, and often deploy advanced anti-financial crime tools that rival or surpass traditional banks.