The Payments Association

APRIL 23, 2025

Money mules: A real-time AML problem demanding a real-time solution However, money mule typologies present an opportunity to incorporate technology from fraud prevention, cyber threat intelligence, and AML to stop, investigate, and escalate illicit activity in real time. Network analytics identify connections to other mule accounts.

AML 88

AML Suspicious Activity Report (SAR) Addressing Fraud Prevention 88

FICO

FEBRUARY 13, 2017

As regulations become ever more demanding, the rules-based systems grow more and more complex with hundreds of rules driving know your customer (KYC) activity and Suspicious Activity Report (SAR) filing. Between those three things, I’m pretty sure most of the jobs humans have today will change. Some will even disappear.

Money Laundering 74

Money Laundering AML AI Suspicious Activity Report (SAR) 74

PYMNTS

MAY 4, 2020

He pointed to SARS, earlier in the millennium, serving as a huge catalyst for eCommerce in China, and particularly for firms like Alibaba. . “We’re That came as there was a flurry of demand for products deemed essential, or that customers could use at home in quarantine. . There are two trends taking shape, said Galit. .

Cross-Border 102

Cross-Border On-Demand SARS Consumer 102

The Paypers

JUNE 12, 2025

SEON will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.

Money Laundering 41

Money Laundering AI AML Financial Crimes 41

PYMNTS

JUNE 7, 2020

CEO Glenn Fogel at Booking, the Amsterdam-based travel search engine for lodging reservations, told Bloomberg the pandemic would chill global travel more than the 9/11 terrorist attacks, the SARS epidemic and the 2008 financial crisis combined. Demand for air travel is also showing some early signs of life. Among the top U.S.

Cross-Border 78

Cross-Border SARS On-Demand Security 78

Finextra

JUNE 26, 2025

It also demands stronger verification steps before approving transactions. They want to know that their personal and financial data is secure. When you follow compliance rules, you reduce the risk of fraud, chargebacks, and penalties. It also shows regulators that you’re serious about safety. This adds a layer of protection to every payment.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

PYMNTS

MARCH 13, 2020

Health authorities have encouraged the elderly not to travel on cruises, while demand for cruises has declined precipitously. Industry downturns in the past were brought about by events like the Iraq war, the SARS pandemic and the 9/11 attacks. Princess Cruises disclosed a potential data breach in a notice posted on its website.

Data Breach 68

Data Breach Breach Law Enforcement SARS 68

PYMNTS

FEBRUARY 10, 2020

Oil prices have fallen 15 percent as demand has slowed down. “I The virus, which has killed 910 people, has claimed more lives than the 2003 outbreak of SARS. Canada Finance Minister Bill Morneau said that the coronavirus is probably going to have a “real” impact on that country’s economy, according to a report Monday (Feb.

SARS 64

SARS On-Demand Origination Economy 64

PYMNTS

FEBRUARY 28, 2020

As we’ve previously noted in this space, estimates have pegged the economic impact of SARS at $40 billion; we’re seemingly way past SARS in terms of the reach and severity of this epidemic – and, of course, China is a much bigger part of the global supply chain than it once was. Everything is down tremendously.”. percent to 4.1

Returns 52

Returns SARS Rules On-Demand 52

PYMNTS

MARCH 17, 2020

But perhaps they’re not, in an age where past epidemics (SARs among them) may have steered insurance firms to narrowly define parameters of what they would — and wouldn’t cover — in the event new health crises threatened the economic well being of smaller companies. Communicable diseases? Perhaps they’re covered.

SARS 64

SARS Economy Shutdown Fed 64

PYMNTS

SEPTEMBER 12, 2019

billion — 91 percent — of those penalties, while European regulators demanded $1.7 FinTechs could face these same financial pains as regulators increasingly demand that they follow the compliance rules to which FIs must adhere. A report found that the U.S. imposed a full $23.52 billion and the Middle East levied $9.5 million. .

Suspicious Activity Report (SAR) 75

Suspicious Activity Report (SAR) FinTech Money Laundering AML 75

FICO

JANUARY 8, 2018

He noted three ways AI systems improve on traditional AML solutions: More effective than rules-based systems: “As regulations become ever more demanding, the rules-based systems grow more and more complex with hundreds of rules driving know your customer (KYC) activity and Suspicious Activity Report (SAR) filing. Read the full post.

AML 53

AML Posting AI Suspicious Activity Report (SAR) 53

FICO

MARCH 6, 2020

A partnership aimed at helping banks, payment providers and fintechs meet the ever stronger regulatory demands while reducing effort and expense. . In our experience these technologies can increase the number of SARs by 20% while at the same time producing efficiency gains of 30% in alert investigation and case management.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

PYMNTS

MARCH 8, 2020

The fall in demand for flights has been hard and swift for airlines. Travel industry downturns in the past were triggered by disasters such as the 9/11 attacks in 2001, the SARS pandemic in 2002, and the Iraq war in 2003. The coronavirus is also crippling the $1.7 trillion tourism industry.

On-Demand 52

On-Demand SARS Caps Procedures 52

FICO

NOVEMBER 2, 2017

It should also offer the option to utilize the cloud and come with generic data interfaces, which allow the organization to grow with its strategy challenges, regulatory and customer demands. A new report from LexisNexis on Future Financial Crime Risks (September 2017) highlights the stress felt by UK banks around financial crime compliance.

Financial Crimes 53

Financial Crimes Crime Suspicious Activity Report (SAR) SARS 53

Finovate

MARCH 28, 2024

More specifically, DataVisor’s new AML solution provides: Comprehensive end-to-end functionality: including customer risk rating, CDD, EDD, sanction/watchlist screening, transaction monitoring, case management, and automated SAR filing. The company includes TruStage Ventures and NewView Capital among its investors.

AML 59

AML Compliance AI Money Laundering 59

The Fintech Times

JUNE 26, 2024

Its head office is in Basel, Switzerland and it has two representative offices: in Hong Kong SAR and in Mexico City, as well as Innovation Hub Centres around the world. The report suggests that the short-term impact of AI might reduce inflationary pressures as supply outstrips demand.

Central Bank 59

Central Bank Risk AI Money Laundering 59

Seon

SEPTEMBER 23, 2024

If a customer sending or receiving a payment does hit a sanctions list, regulated entities are required to file a Suspicious Activity Report (SAR) with the relevant authorities. Investigation and Resolution : Trained personnel investigate the alert to determine if it’s a true match or a false positive.

Suspicious Activity Report (SAR) 52

Suspicious Activity Report (SAR) Money Laundering Due Diligence AML 52

FICO

JANUARY 5, 2021

You can dig into this topic in TJ’s on-demand webinar, Fraud & Financial Crime Convergence: Demanding Smarter Decisions. #2: Our experiences have shown that these technologies can increase the number of SARs by 20% while at the same time producing efficiency gains of 30% in alert and case management.

Financial Crimes 52

Financial Crimes Crime Posting Scams 52

FICO

JUNE 12, 2020

As regulations become ever more demanding, rules-based systems grow more and more complex with hundreds of rules driving know your customer (KYC) activity and Suspicious Activity Report (SAR) filing. Much more needs to be done to modernise efforts for fighting such criminal activity.

Financial Crimes 52

Financial Crimes Crime Money Laundering AML 52

Seon

JUNE 29, 2023

KYT fights financial fraud by arming organizations with the data needed to determine how to fight fincrime and other suspicious activities, the signs of which often lurk in each business’s transactions. Why Is KYT Important? KYT helps organizations reduce their chances of being subjected to fines for failures in AML compliance.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

CB Insights

JUNE 17, 2020

Finance: Demand for contactless options accelerates digital adoption. Telehealth providers like Teladoc are optimistic that increased demand under Covid-19 will translate to long-term growth in the space, as many of its first-time users become repeat visitors. Online grocery. Enhanced e-commerce. Conversational AI/chatbots.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

PYMNTS

MARCH 2, 2020

Online sales have seen an uptick in China , and Alibaba reportedly added 10 new servers to accommodate the demand. Observers recall similarities to the SARS outbreak in 2003, which they say ignited China’s online retail sales, and expect a similar spike and continued upward surge. Fewer products to buy means fewer sales to be made.

Economy 112

Economy Online and Mobile Banking Innovation On-Demand 112

PYMNTS

JANUARY 28, 2020

SARS as Prologue? If past is prologue, and history never really repeats itself, but rhymes, there may be some parallels with the SARS outbreak that marked the beginning of the millennium, in 2002 and 2003, and was a viral infection that was also identified as a coronavirus. The death toll is on the upswing. percent to 4.4

SARS 66

SARS Economy On-Demand Cross-Border 66

PYMNTS

JANUARY 31, 2020

Banks such as BMO Harris Bank are heavily funding PIN authentication, real-time check scanning and ATMs to meet this demand, but they are discovering an unexpected benefit for bank staff as well. Why the Coronavirus May Dwarf SARS’ $40B Economic Toll. Kobe Bryant’s VC Firm Holds More Than $2B in Assets .

Technology 52

Technology SARS Online and Mobile Banking Contactless Payments 52

PYMNTS

APRIL 22, 2020

That footprint would grow because of the energy demand tied to each country where those networks are extant. The cameras, he said, have been used throughout Asia since the SARS crisis earlier in the millennium and can be used to monitor large groups of people. Entity List, effectively a blacklist tied to U.S.

Government 56

Government Governance Use Case Privacy 56

The Fintech Times

MAY 4, 2025

The SAR 60million ($16million) raised will fuel erads mission to offer fast and flexible financing solutions to underserved small and medium-sized businesses through its proprietary, data-driven financing platform. Focused on revenue-generating businesses, erad provides access to Shariah-compliant financing within 48 hours.

SARS 45

SARS Financial Inclusion Underserved Economy 45

PYMNTS

MARCH 2, 2020

The SARS outbreak 17 years ago in 2003 was followed by a rapid growth of the laptop market in the third quarter of the same year, with one important underlying factor being that the crisis made more consumers aware of the importance of access to internet information, and of having portal internet-enabled devices. And then there are the jerks.

On-Demand 52

On-Demand Risk SARS Use Case 52