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Financial Crime 360 state of the industry report 2025

The Payments Association

The sample reflects the reality of modern financial crime prevention: 66% of respondents operate from the United Kingdom, establishing a strong domestic foundation whilst incorporating international perspectives from 32 additional countries.

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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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Hawk Raises $56 Million in Series C Funding to Help Banks Fight Financial Crime

Finovate

The fintech, which made its Finovate debut at FinovateSpring 2022, will use the capital to help Tier 1 banks leverage AI to fight financial crime. This drives up the cost of fighting financial crime. Further, fraudsters are increasingly adept at circumventing and subverting rules-based AML and fraud detection strategies.

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Spayce Partners with ThetaRay to Tackle Financial Crime with Advanced AI

Trade Credit & Liquidity Management

From a Press Release dated June 3, 2025, New York, New York ThetaRay , a global leader in cognitive AI compliance for financial crime, and Spayce , a next-generation cross-border payments platform, have announced a strategic partnership to address evolving financial crime threats and enhance the security of international payments.

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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global GDP is associated with money laundering each yearbetween 715 billion and 1.87 Unlike legacy systems that rely on outdated rule sets, Lynxs technology: Supports over 100 languages, addressing phonetic, cultural, and alphabetic variations.

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Sumsub and Elliptic Join Forces to Fight Crypto Crime

Fintech News

Global verification provider Sumsub has partnered Elliptic, a cryptoasset risk management firm, to bolster its crypto transaction monitoring and Travel Rule solutions. The need for such solutions is critical as blockchain-related crime continues to rise. The combined solution helps firms meet challenging regulatory requirements.

Crime 113
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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.