Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. Security and Fraud Detection : The BIN can provide valuable data points that help prevent fraud.

Process 104

Process Processors Payments Compliance 104

The Fintech Times

MARCH 27, 2024

Five people, including convicted fraudster Neale Rothera , were sentenced for their involvement in a fraud and money laundering scheme which cost banks over £500,000 earlier this week. But with the money unrecoverable, how can this type of situation be avoided in the future?

Money Laundering 93

Money Laundering Financial Crimes Crime Due Diligence 93

PYMNTS

NOVEMBER 30, 2020

CSI) is partnering with Featurespace to advance a new cybercrime solution to fight money laundering. As criminals relentlessly target financial systems, organizations require cutting-edge technology for fraud detection and risk management,” said Kurt Guenther , CSI’s group president of business solutions. “By

Money Laundering 63

Money Laundering Financial Crimes AML Crime 63

The Fintech Times

MARCH 31, 2025

Innovative solutions and data-driven strategies will be crucial for enhancing anti-money laundering and fraud prevention efforts, ultimately ensuring a more secure financial ecosystem in Europe.

Cross-Border 64

Cross-Border Addressing Financial Crimes Elder Abuse 64

The Payments Association

FEBRUARY 10, 2025

While vIBANs offer innovation in payment systems, they introduce risks like money laundering due to insufficient oversight. However, their rapid adoption has raised concerns about regulatory oversight, particularly concerning anti-money laundering (AML) compliance. Why is it important? What’s next?

IBAN 88

IBAN AML Master Account Due Diligence 88

Payments Source

MARCH 18, 2019

is concerned that India’s strict data localization rules could compromise its ability to detect frauds and money laundering in the domestic payments system. Mastercard Inc.

Fraud Detection 71

Fraud Detection Rules Visa Money Laundering 71

PYMNTS

MARCH 12, 2019

As has been reported, the company has faced concerns over suspected money laundering, as noted in the Financial Times and elsewhere, and has been scrutinized by regulators including the Financial Conduct Authority (FCA) and in Lithuania (Revolut has a banking license in that country). In the U.K.,

Money Laundering 59

Money Laundering Regulations Financial Crimes Authorization 59

Fintech Finance

FEBRUARY 17, 2025

Leveraging artificial intelligence (AI) technology, PhotonPay has further streamlined anti-money laundering (AML) and counter-terrorism financing (CFT) processes, enhanced its risk management system and effectively reduced financial crime risks. “Compliance is the foundation of trust in global payments.

Compliance 59

Compliance Payment Solutions Global Payments Risk 59

The Payments Association

FEBRUARY 10, 2025

It highlights new corporate responsibilities, significant penalties for non-compliance, and the businesses need to implement strong fraud prevention measures to protect their financial and reputational standing. For large, multinational corporations, this might mean sophisticated fraud detection systems and detailed compliance programmes.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

The Payments Association

JUNE 9, 2025

Filip Berlikowski CTO, Payall "RT2’s real-time capabilities and ISO 20022 structured data will transform UK payments—enabling immediate fraud detection, reducing false positives, and turning compliance into a competitive edge. Democratised access will foster fintech-bank collaboration, driving innovation.

ISO 20022 88

ISO 20022 Payment APIs and Integration ISOs Interoperability 88

Fintech News

FEBRUARY 14, 2024

Hawk AI, a Germany-based provider of artificial intelligence technology for fraud detection and anti-money laundering efforts, has announced Robin Lee as the new General Manager for its Asia-Pacific (APAC) operations.

APACS 113

APACS AI Financial Crimes Money Laundering 113

Stax

APRIL 3, 2025

Its also great for small businesses because it can eliminate many headaches associated with Know Your Customer (KYC) requirements, Anti-Money Laundering (AML) regulations, application processing, and underwriting. is the most fraud-prone country with 34% of online customers reporting that theyve been victims of fraud.

Payment Solutions 88

Payment Solutions Payment APIs and Integration Payment Gateways Gateways 88

Finextra

JUNE 30, 2025

On the risk and operations side, common uses include fraud detection, anti-money-laundering pattern detection, credit risk scoring and trading optimization. finance leaders cite fraud and risk management as areas in which they use AI. Fraud detection, compliance and customer service are prime areas of focus.

AI 69

AI Finance Fraud Detection Use Case 69

Fraud.net

OCTOBER 13, 2023

Discover how financial institutions and fintechs can enhance fraud detection by incorporating AI/ML into rules-based fraud detection models.

Fraud Detection 52

Fraud Detection Rules AI FinTech 52

The Paypers

MARCH 31, 2021

UK-based technology marketplace for financial services firms Bofin has partnered ComplyAdvantage to lower its risk of financial crimes and money laundering.

Fraud Detection 57

Fraud Detection Money Laundering AML Financial Crimes 57

PYMNTS

JUNE 13, 2019

The bank implemented a data-based fraud detection initiative in 2018 to help combat this problem with false positives. Fraud is like looking for needles in a haystack,” Sieczkowski explained. It’s likely that fraudsters will become more sophisticated at the same rate that banks implement smarter fraud detection methods.

Fraud Detection 51

Fraud Detection AI Money Laundering Fraud Prevention 51

Fintech News

OCTOBER 15, 2024

HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. Sumsub’s solutions also help mitigate identity fraud risks, which have been on the rise globally.

Verification 113

Verification Fraud Detection Money Laundering Compliance 113

PYMNTS

MARCH 14, 2018

Anti-money laundering startup EverCompliant has announced an investment from American Express Ventures. The company automates fraud detection for merchant service providers to prevent the processing of fraudulent transactions and to reduce the risk of chargebacks.

Money Laundering 41

Money Laundering Fraud Detection Transactions Processors 41

Fintech Finance

OCTOBER 23, 2024

Compliance with sanction screening, anti-money laundering (AML) and fraud detection requirements, including Verification of Payee check, was identified as the top concern. Banks show similar alignment in their approach to sanction screening and fraud detection.

Instant Payments 105

Instant Payments ISO 20022 Regulations Fraud Detection 105

Fintech Finance

NOVEMBER 13, 2024

Key findings from the whitepaper highlight that: The speed and ease of global payment channels allow criminals to exploit system gaps across jurisdictions, complicating fraud detection. The industry can’t wait for regulators and common standards and must leverage AI and machine learning technologies to detect fraud.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Law Enforcement Romance Scams 98

The Payments Association

MARCH 25, 2025

Traditional compliance methods struggle against rising cyber threats, fraud, and money laundering, necessitating advanced solutions, such as human-driven transaction reviews and static rule-based systems. Reactive, not proactive: Rule-based systems fail to detect evolving threats.

Regulatory Compliance 136

Regulatory Compliance AML PCI DSS Compliance 136

PYMNTS

OCTOBER 15, 2020

When Jumio acquired anti-money laundering (AML) solutions platform Beam last week, the move was more significant than simply adding AML strength to its onboarding platform, Jumio ’s Chief Product Officer Philipp Pointner told PYMNTS in a recent conversation. “We That’s where the acquisition of Beam Solutions’ AML platform comes in.”.

AML 97

AML Continuity Money Laundering Authentication 97

FICO

JUNE 9, 2022

FICO’s New AML Scores Use AI and Machine Learning to Detect More Money Laundering. New AML scores reduce false positive alerts by 50% while detecting 100% of known money laundering transactions, and discover new aberrant, potentially risky behaviors. asokolowski@speednet.pl. Fri, 06/03/2022 - 12:24.

Money Laundering 52

Money Laundering AML SARS AI 52

Finextra

JULY 7, 2025

This broad applicability in banking (from automating fraud reviews to generating customer communications) underscores how financial firms are integrating GenAI into their core workflows more aggressively than most. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions.

AI 72

AI Fraud Detection Online and Mobile Banking Payment APIs and Integration 72

FICO

SEPTEMBER 11, 2018

Other corporate cards are used very infrequently, which may make it harder to detect suspicious fraudulent behaviors, since these cards lack full, deep behavioral profiles. Collaborative profiling has been used with great success in other FICO models such as anti-money laundering , c ybersecurity and fraud detection.

Fraud Detection 45

Fraud Detection Credit Cards Money Laundering Cross-Border 45

Fintech Finance

SEPTEMBER 17, 2024

ID-Pal’s platform comprises a comprehensive set of tools for frictionless, secure identity verification and Anti Money Laundering (AML) screening. Providers with the most complex processes can integrate ID-Pal seamlessly to take advantage of their award-winning, highly configurable user journey.

Process 95

Process Verification Money Laundering AML 95

CB Insights

SEPTEMBER 13, 2021

CipherTrace: California-based CipherTrace provides blockchain analytics and fraud detection tools in order to help financial institutions, banks, and governments identify digital asset risks. The technology offers services such as blockchain forensics, anti-money laundering, and compliance monitoring, among others.

Money Laundering 43

Money Laundering Visa Acquirers Technology 43

FICO

SEPTEMBER 19, 2018

Other corporate cards are used very infrequently, which may make it harder to detect suspicious fraudulent behaviors, since these cards lack full, deep behavioral profiles. Collaborative profiling has been used with great success in other FICO models such as anti-money laundering , c ybersecurity and fraud detection.

Fraud Detection 40

Fraud Detection Credit Cards Money Laundering Cross-Border 40

Fintech News

OCTOBER 22, 2024

This is followed by advanced authentication methods (70.2%), customer education initiatives (68.1%), and the implementation of real-time fraud detection systems (53.2%). The NICE Actimize research found that enhanced monitoring for suspicious transactions (76.6%) is the most commonly adopted measure. About 55.3%

APACS 123

APACS Online and Mobile Banking Fraud Prevention Fraud Detection 123

The Paypers

JUNE 20, 2022

Australia-based Greater Bank and SAS have joined forces to deliver a new fraud detection and anti-money laundering solution that improves the protection of its customers.

Fraud Detection 56

Fraud Detection Money Laundering 56

The Fintech Times

JUNE 22, 2025

Whether it’s monitoring transactions and payment flows, ensuring anti-money laundering (AML) compliance, or detecting fraud as it happens, Vyntra unifies transaction observability and financial crime prevention under one roof.

Compliance 40

Compliance Financial Crimes Crime AML 40

The Payments Association

OCTOBER 24, 2024

Addressing regulatory compliance Businesses, including EMD Agents, face a challenge in cross-border transactions: complying with anti-money laundering (AML) and know-your-customer (KYC) regulations. DigiDoe’s platform integrates AI-driven fraud detection, using machine learning models to analyse real-time transaction patterns.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Regulatory Compliance Fraud Detection 88

Finextra

JULY 2, 2025

Join the Community 23,418 Expert opinions 41,897 Total members 297 New members (last 30 days) 174 New opinions (last 30 days) 29,118 Total comments Join Sign in Trending Nkahiseng Ralepeli VP of Product: Digital Assets at Absa Bank, CIB.

Online and Mobile Banking 52

Online and Mobile Banking AI Authorization Fraud Detection 52

Fintech News

DECEMBER 13, 2023

The crypto industry faces increasing scrutiny, as demonstrated by the numerous fines imposed on crypto firms for failing to implement adequate anti-money laundering (AML) and transaction monitoring provisions. Bad actors and criminals will utilise many approaches to bypass or circumvent verification processes.

Financial Crimes 120

Financial Crimes Money Laundering Risk Crime 120

Segpay

NOVEMBER 26, 2024

Identity and Fraud Report” by Experian emphasizes the evolving fraud landscape and the necessity for businesses to implement multi-faceted digital identity verification strategies. Digital identity verification helps businesses comply with these regulations.

Verification 111

Verification Identity Theft Due Diligence Money Laundering 111

EBizCharge

JANUARY 16, 2025

Fraud detection and risk assessment: MCCs assist fraud detection and risk assessment operations by flagging suspicious transactions. For example, if a credit card is suddenly used at a pawn shop after being consistently used at beauty shops, this can indicate fraud.

Credit Cards 52

Credit Cards Processors PCI DSS Fraud Detection 52

Finovate

JULY 23, 2024

A partnership between Featurespace and OrboGraph will help banks and other financial services companies defend themselves against check fraud. Featurespace’s proof of concept detected more than $178 million (£138 million) in fraud with a 5:1 false positive ratio. “Fraud is the single largest crime in the U.K.

Checks 64

Checks Fraud Detection Financial Crimes Crime 64