Finextra

JUNE 26, 2025

Core AML requirements you must follow Here’s what you need to put in place: Know Your Customer (KYC) checks Real-time transaction monitoring Risk-based assessments Suspicious Activity Reports (SARs) These steps help you identify and stop illegal transactions before they harm your business.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

The Paypers

JUNE 12, 2025

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Money Laundering 41

Money Laundering AI AML Financial Crimes 41

The Fintech Times

SEPTEMBER 14, 2024

Taiwan, along with South Korea, Hong Kong SAR, and Singapore, forms the group known as the ‘Four Asian Tigers,’ renowned for their rapid industrialisation since the 1960s. These economies have since developed into fully advanced nations.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

JULY 17, 2019

The CFPB is asking that financial institutions file Suspicious Activity Reports (SARs) with the government when they think elder financial exploitation (EFE) is happening. The report was based on a query of 180,000 EFE SARs which were filed from 2013 to 2017. .

Suspicious Activity Report (SAR) 45

Suspicious Activity Report (SAR) Consumer Financial Protection Bureau (CFPB) SARS Consumer 45

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 As PYMNTS found in its own recent research, 58.4 There’s at least some prologue to a health crisis underpinning a surge in eCommerce, Galit noted. .

Cross-Border 102

Cross-Border On-Demand SARS Consumer 102

PYMNTS

NOVEMBER 30, 2017

Fortytwo Data, a Big Data company, has released new research that concludes the U.K. In total, researchers said, HMRC issued more than $1.5 is ramping up its fines for anti-money laundering (AML) infractions. According to the firm, the U.K.’s According to the firm, the U.K.’s million in AML fines this year.

AML 41

AML Suspicious Activity Report (SAR) Money Laundering SARS 41

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.”.

Returns 52

Returns SARS Rules On-Demand 52

The Fintech Times

SEPTEMBER 14, 2024

“Research is time-intensive and expensive, but with AI, processes such as negative news screening can be conducted more quickly than ever before. The drafting of narrative summaries for Suspicious Activity Reports (SARs) can be supported by GenAI providing seed summaries which an analyst can quickly validate and then submit.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

FICO

APRIL 10, 2019

Charis Research has named FICO a category leader in the AI in Financial Services, 2019; Market and Vendor Landscape. caption id="attachment_38089" align="alignnone" width="700"] Source: Chartis Research, Vendor Analysis: FICO; Artificial Intelligence in Financial Services, 2019[/caption].

AI 51

AI Real Time Payments Account Takeovers AML 51

The Fintech Times

JULY 9, 2024

Outdated or complicated payment systems are harming a majority of travel companies’ profit margins; according to new research from global payments and financial platform, Airwallex , and travel research company, Skift.

Cross-Border Payments 59

Cross-Border Payments Cross-Border SARS Payments 59

FICO

MAY 30, 2019

The “use of Big Data, AI, Advanced Analytics, Cognitive Computing” was listed as the top trend in banking for 2019, according to research from The Digital Banking Report. Today, the vast majority of suspicious activity reports (SARs) are generated by transaction monitoring through scenario-based rules. And with good reason.

Suspicious Activity Report (SAR) 49

Suspicious Activity Report (SAR) SARS Money Laundering Blocks 49

The Fintech Times

JULY 9, 2024

Targeted attendees include central bank governors, regulators, policymakers, financial and non-financial institutions, big tech providers, investors and venture capitalists, academics, researchers, as well as professional and industry associations. The top startups will also battle it out in timed pitch heats.

FinTech 59

FinTech SARS Central Bank Non-Bank 59

Nanonets

OCTOBER 18, 2024

Fabricating citations, case studies, or research references out of nowhere. Omitting drawbacks or limitations when summarizing research experiments. A well-known example is the infamous Bard incident - Factual Hallucination Here are some more examples of factual hallucinations - Mathematical errors and miscalculations.

SARS 97

SARS Assessments Mitigation Use Case 97

FICO

MARCH 6, 2020

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. Many analysts and research firms have forecast cost savings of over $1 trillion by 2030/2035 with the majority of savings stemming from front office operations.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Fintech News

JUNE 18, 2024

At the RHB Banking Group, Sani oversees the group’s brand and media strategy, consumer research, and all business, consumer, and marketing strategies and programs. He focuses on driving customer and business growth while managing the marketing operations.

APACS 113

APACS Visa Consumer Credit Cards 113

FICO

JANUARY 6, 2020

Chartis Research produced its Vendor Analysis report on Artificial Intelligence in Financial Services for 2019. Recently introduced models monitor transactions to detect anomalies, as well as transaction streams that indicate previous SAR filings by the institution.”. . Read the full post. Read the full post.

Posting 52

Posting AI Online and Mobile Banking Real Time Payments 52

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. Established in 1930, 63 central banks own the BIS, representing countries from around the world that together account for about 95 per cent of world GDP.

Central Bank 59

Central Bank Risk AI Money Laundering 59

PYMNTS

FEBRUARY 3, 2020

Morgan Stanley Research Analyst Kimberly Greenberger said the second half of 2020 is expected to be especially challenging with the looming election — as shift and change in national leadership have some tendency to slow commercial activity because spenders get a bit spooked. In the penultimate week of January foot traffic at U.S.

Bitcoin 52

Bitcoin Ransomware SARS Economy 52

Stax

DECEMBER 4, 2023

It mandates ongoing monitoring of suspicious activity, recordkeeping, and submitting suspicious activity reports (SARs) to the government. Continuous research and gaining deep insights into the ever-evolving techniques alone can help unearth suspicious transactions. The USA Patriot Act lays down which entities are required to do so.

Money Laundering 88

Money Laundering Compliance AML Due Diligence 88

FICO

JUNE 12, 2020

More than 70% of Asia-Pacific (APAC) banks believe that convergence will help stop fraud and financial crimes , but this same research shows there is a long way to go. Stopping Financial Crime in Australia: Convergence Is “in” But Does It Go Far Enough? More cases get flagged for investigation driving up false positive rates significantly.

Financial Crimes 52

Financial Crimes Crime Money Laundering AML 52

Fintech Labs Insights

NOVEMBER 10, 2015

The solution allows businesses to produce SAR (Suspicious Activity Report) narratives and other reports that are consistent and traceable. Research director for Aite Group’s Retail Banking practice, Julie Conroy seconded this point, praising Quill for AML’s ability to produce “consistent and accurate SAR narratives at scale.

Money Laundering 18

Money Laundering AML SARS Compliance 18

FICO

OCTOBER 17, 2019

In a recent survey by research and analyst company Ovum, over 80% of banks who have invested in artificial intelligence believe that it generates return on investment. 38% of AML professionals report concern over the level of suspicious activity reports (SARs) that they are filing defensively , which significantly increases workload.

Money Laundering 40

Money Laundering AI Financial Crimes AML 40

Seon

JUNE 29, 2023

KYT requires ongoing training and research on topics that surround AML/CTF and their regulations. Reject any flagged transactions that continue to appear illegitimate at this point and file them in a suspicious activity report (SAR) for the attention of the organization’s given financial authority.

Transactions 52

Transactions Due Diligence Money Laundering AML 52

PYMNTS

APRIL 2, 2020

As researchers scramble for a cure, a doctor featured in “Pandemic,” a Netflix documentary, announced his team may have discovered a coronavirus cure which will now be tested by the U.S. Australia’s national science agency plans to test a pair of vaccines over the next 90 days, part of a global race to stop the coronavirus pandemic.

SARS 93

SARS Blocks Consulting Research 93

CB Insights

JUNE 17, 2020

As NYU Stern School of Business professor and digital transformation researcher Arun Sundararajan notes: “Crisis can be… a catalyst or can speed up changes that are on the way — it almost can serve as an accelerant.”. every year since 2003 for pandemic insurance following the SARS outbreak. Source: Google.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

CB Insights

FEBRUARY 12, 2020

This week, coronavirus officially claimed more lives than SARS did as the death toll surpasses 1,000. The post This Week In Insurance Tech: Gojek Rolls Out Online Insurance, Blockchain-Enabled Insurance Tests, AXA Partners with ClassPass appeared first on CB Insights Research. PERSPECTIVES.

Blockchain 41

Blockchain Underwriting SARS Mitigation 41

The Fintech Times

MAY 4, 2025

Access to capital for SMEs in the GCC region is challenging, with research from Deloitte revealing that there is a $250billion credit gap in the region. To date, erad has supported hundreds of businesses with over SAR 100million ($26.6million) in funding in Saudi Arabia and the UAE, driving substantial growth for businesses in both markets.

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.

On-Demand 52

On-Demand Risk SARS Use Case 52