Fintech News

MARCH 12, 2024

This collaboration aims to enhance regulatory compliance, secure data storage, and automate crypto transaction monitoring for their clients. This trend is underscored by Sumsub’s reports, which note a 128 percent increase in deepfake incidents in 2023, with the Asia-Pacific region experiencing a 1530 percent surge.

Transactions 113

Transactions Security Deepfake Travel Rule 113

Fintech News

MARCH 26, 2024

The initiative enhances Sumsub’s Travel Rule compliance services for the cryptocurrency sector by addressing the sunrise issue, a significant challenge where counterparties may not be reachable due to varying adherence to Travel Rule requirements across VASPs.

Travel Rule 120

Travel Rule Rules Compliance Transactions 120

Finovate

MARCH 13, 2024

The integration will bring automated crypto transaction monitoring and secure data storage, as well as ensure regulatory compliance. This will enhance regulatory compliance and secure data storage, as well as provide automated crypto transaction monitoring for Chainalysis’ clients.

Verification 59

Verification Blockchain Travel Rule Regulatory Compliance 59

The Payments Association

MARCH 10, 2025

Strict regulatory compliance (forex, financial services). Example: A forex trading platform (MCC 6211Securities Trading) pays higher fees due to regulatory concerns and fraud risks. A CBD business (MCC 5499Specialty Food Stores) faces extra compliance checks due to industry regulations.

Fraud Prevention 88

Fraud Prevention Processors Disputes Compliance 88

Fintech Finance

FEBRUARY 29, 2024

The joint solution allows merchants and fintechs to accelerate time-to-revenue while ensuring regulatory compliance. Deepfakes, synthetic identities and account takeover fraud are growing threats that require advanced identity proofing and risk assessment.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

Seon

SEPTEMBER 20, 2024

For instance, fraudsters now leverage innovative technologies to create deepfakes, bypassing traditional identity verification methods like document ID checks and biometrics. Regulatory compliance adds another layer of complexity.

Risk 52

Risk Fraud Prevention Risk Management Deepfake 52

The Payments Association

APRIL 7, 2025

It underscores the critical need for advanced technologies, regulatory compliance, and comprehensive strategies to effectively combat financial crime and safeguard the financial ecosystem What’s next? Why is it important? Technological Investments Firms are investing heavily in advanced technologies to combat financial crime.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

PYMNTS

SEPTEMBER 12, 2019

were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. financial institutions (77 percent) for AML compliance. The drivers of AML initiatives in the U.S.

Procedures 46

Procedures Cryptocurrency Regulations AML 46

The Fintech Times

SEPTEMBER 4, 2024

. “Even with agile teams and tools, changes can be disruptive, especially when legislation hasn’t yet caught up with technology” But it’s not just falling foul of regulatory rules that teams need to be wary of. ” The post What are the Biggest Challenges Facing Compliance Teams?

Compliance 64

Compliance Rules Regulations Laws 64

Finovate

MARCH 29, 2024

The startup has innovated in voice deepfake detection and considers itself the only company that successfully correlates face and voice. ” Founded in 2005, AU10TIX is headquartered in Hod Hasharon, Israel. Co-founder Nevo Lapidot is CEO.

Verification 69

Verification Privacy AML AI 69

Segpay

JANUARY 30, 2025

As financial institutions, these companies must implement risk management procedures and regulatory compliance to prevent reputational and financial damage. High-risk classified businesses should partner with a PSP that understands high-risk business from a regulatory and a processing perspective.

Merchant Payment Processing 52

Merchant Payment Processing Processors AI Process 52

Seon

SEPTEMBER 28, 2023

Key Topics for a Security Awareness Program A security awareness program should focus on strong, up-to-date cybersecurity compliance, equipment, and measures and ensure a level-headed and well-informed workforce. Key topics include: Latest regulatory compliance updates : The most recent news about security authorities and their protocols.

Security 52

Security Phishing Best Practices Data Breach 52

Finovate

MARCH 24, 2025

In response to growing customer demands, emerging financial crime threats, and attempts by regulatory bodies to manage both of these developments, the field of regulatory compliance has never been more topical in financial services. To this end, we interviewed banking and financial services compliance veteran Tracy Moore.

Compliance 65

Compliance Innovation Financial Crimes FinTech 65