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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?

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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. The investment adds to the more than $134 million the company has already raised.

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GDP is associated with money laundering each yearbetween 715 billion and 1.87 Unlike legacy systems that rely on outdated rule sets, Lynxs technology: Supports over 100 languages, addressing phonetic, cultural, and alphabetic variations.

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

The Payments Association

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. Arguably, though, what really matters is the robustness of controls put in place to mitigate those risks.

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Garbage in, millions out: Data and the future of risk and growth

The Payments Association

In response to the rapidly evolving threat landscape and feedback from our financial crime-fighting community, we are highlighting several data-driven strategies that support our clients. Control recommendations : Strategic advisories for enhancing fraud/sanction detection using optimised feature engineering and rule development.

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