Articles with tag: financial crime

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Connecting the dots to fight financial crime and identify risks

Interviews | Digital Identity, Security & Online Fraud | 27 Nov 2020

After RiskConnect Virtual 2020, The Paypers interviewed Christian A. Chmiel, CEO and founder, Web Shield, to find out what where his event’s takeaways, with a focus on fighting financial crime

Christian Chmiel, Web Shield, KYC, merchant monitoring, financial crime, RiskConnect Virtual, risk managers, compliance managers, money laundering, AML, deceptive marketing

COVID-19 to increase fraud rates by 60%, Feedzai's financial crime report finds

News | Digital Identity, Security & Online Fraud | 26 Nov 2020

Fraudsters have seized opportunities provided by the shift to online transactions due to COVID-19 pandemic causing networks’ fraud rates to increase by 60%, according to Feedzai.

online banking, ecommerce, card cloning, high-risk merchant, financial crime, Feedzai, digital banking, contactless payments

Danske Bank selects Windward to automate global compliance processes using AI

News | Payments General | 24 Nov 2020

Danske Bank has selected Windward, a Predictive Intelligence company applying AI, to digitalise and automate parts of Danske Bank’s financial crime compliance controls.

Danske Bank, Windward, AI, financial crime, risk management, risk profiling, compliance, partnership

Regxsa launches could-based platform for financial institutions to fight financial crime

News | Digital Identity, Security & Online Fraud | 19 Nov 2020

Regxsa has launched Alexis, a cloud-based platform that aims to fight money laundering, terrorism financing, and financial crimes.

SaaS, AML, money laundering, terrorism financing, financial crimes, Regxsa, Alexis

Feedzai launches new solution to fight financial crime

News | Digital Identity, Security & Online Fraud | 19 Nov 2020

Feedzai has announced its new Feedzai Solutions that can assess risk for single and cross-channel transactions in real-time.

Feedzai, product launch, Feedzai Solutions, risk management, financial crime

Fighting financial fraud through innovation and collaboration, an interview with Ron Giammarco, EY

Interviews | Digital Identity, Security & Online Fraud | 19 Nov 2020

On October 5, 2020, Ron Giammarco, EY Americas Financial Crime Operations, Technology and Managed Services Leader, addressed the SIBOS audience on the topic of ‘Friction or fiction: compliance in a real-time world.’

Ron Giammarco, EY, KYC, AML, financial crime, money laundering, AI, compliance, biometrics, fintechs, banks, Sibos

HAWK:AI, BANKSapi team up to fight money laundering

News | Digital Identity, Security & Online Fraud | 17 Nov 2020

Anti-money laundering software provider HAWK:AI has teamed up with Open Banking provider BANKSapi to fight money laundering.

HAWK:AI, BANKSapi, partnership, money laundering, AML, CFT, SaaS, Germany, open banking, regtech, financial crime

EUR 4 million seized in large money-laundering bust in France

News | Digital Identity, Security & Online Fraud | 16 Nov 2020

An 18-month investigation led by the French National Gendarmerie (Gendarmerie Nationale) and supported by Europol put an end to a large money-laundering network.

EFECC, French National Gendarmerie, Europol, money laundering, criminal organisation, financial crime, France

FinCEN hits Helix and Coin Ninja founder with USD 60 million civil monetary penalty

News | Digital Identity, Security & Online Fraud | 10 Nov 2020

The Financial Crimes Enforcement Network (FinCEN) has recently hit the founder and primary operator of both Helix and Coin Ninja with a USD 60 million civil monetary penalty.

Financial Crimes Enforcement Network, FinCEN, virtual currency, Bitcoin, AML program, Bitcoin mixer, cryptocurrency

QuantaVerse adds automated high-risk entity reviews to its Financial Crime Investigation Report

News | Digital Identity, Security & Online Fraud | 05 Nov 2020

QuantaVerse has upgraded its entity-based Financial Crime Investigation Report (FCIR) to assist financial institutions in conducting periodic entity risk reviews.

QuantaVerse, financial crime, risk review, machine learning, customer onboarding, security, digital identity

Allica Bank to use Sphonic's regtech platform for financial crime compliance

News | Digital Identity, Security & Online Fraud | 03 Nov 2020

SME-targeted bank Allica has selected UK-based regtech Sphonic’s Financial Crime product suite to support its compliance function with its innovative technology platform.

Allica Bank, Sphonic, Regtech, platform, Financial Crime Compliance, SME, UK, FCA license, financial crime, AML, KYB, KYC

Bank of Lithuania gets green light for Centre of Excellence in Anti-Money Laundering

News | Digital Identity, Security & Online Fraud | 02 Nov 2020

The Lithuanian government has approved the establishment of the Centre of Excellence in Anti-Money Laundering, a public-private cooperation project initiated by the Bank of Lithuania.

Bank of Lithuania, financial crime, fraud prevention, AML, CTF, banking, Lithuania

Surecomp Marketplace now live with anti-money laundering solution ThetaRay

News | Digital Identity, Security & Online Fraud | 30 Oct 2020

Surecomp, provider of global trade finance solutions for banks and corporates, has announced a partnership with ThetaRay on its Marketplace platform.

Surecomp, business partnership, ThetaRay, Marketplace, financial crime, anti-money laundering, AML, machine learning, digital risk management, fraud

Standard Chartered invests in Silent Eight's AI tool to fight financial crime

News | Digital Identity, Security & Online Fraud | 20 Oct 2020

Silent Eight, a global technology company using Artificial Intelligence (AI) to combat money laundering and terrorism financing, has completed a new round of early-stage funding.

Standard Chartered, Silent Eight, funding, AI, terrorism financing, risk management, compliance, financial crime, banking, transaction monitoring

FIMBank, Fiserv partner for strengthening financial crime risk management

News | Digital Identity, Security & Online Fraud | 14 Oct 2020

Malta-based FIMBank has partnered with fintech Fiserv to enhance its financial crime risk management (FCRM) capabilities.

FIMBank, Fiserv, financial crime, risk management, FCRM, fintech, Malta, bank, regulatory requirements, fraud, FIMBank Group, AML, internal fraud support, AML Risk Manager, Watch List Manager, KYC, customer risk, risk scoring, transaction monitoring, SWIFT

CSI Partners, Arctic Intelligence to provide enterprise risk assessment solutions

News | Digital Identity, Security & Online Fraud | 07 Oct 2020

Computer Services, a provider of end-to-end fintech and regtech solutions, has partnered with Arctic Intelligence to launch WatchDOG ERM and AML Accelerate powered by Arctic Intelligence.

financial crime, AML, regtech, fintech, KYC, product launch, Computer Services, Audit, risk

Large Estonian banks team up with Salv to trial AML solution

News | Digital Identity, Security & Online Fraud | 07 Oct 2020

Salv, an anti-money laundering (AML) startup that raised USD 2 million on 2019, has announced plans to launch a pilot program called AML Bridge, in cooperation with four of Estonia’s largest banks.

AML Bridge, Salv, Estonia, financial crime, banks, fraud prevention, Financial Supervisory Authority, Financial Intelligence Unit, data, data privacy

OakNorth Bank partners with AML provider ComplyAdvantage

News | Online & Mobile Banking | 06 Oct 2020

OakNorth Bank, the UK bank that provides debt financing to growth businesses, has announced its partnership with ComplyAdvantage, the global technology company transforming financial crime detection.

OakNorth Bank, ComplyAdvantage, financial crime, onboarding, machine learning,

Featurespace, NatWest partner for payments fraud and financial crime solutions

News | Digital Identity, Security & Online Fraud | 06 Oct 2020

Fraud prevention and AML software provider Featurespace has announced that UK-based bank NatWest is protecting its customers with the ARIC Risk Hub.

Featurespace, Natwest, payments fraud, financial crime, ARIC Risk Hub, bank, UK, Authorised Push Payments, APP, scams, fraud detection, transaction monitoring, financial crime prevention, machine learning, financial institutions

Bottomline, Dow Jones partner in fight against financial crime

News | Digital Identity, Security & Online Fraud | 06 Oct 2020

Bottomline Technologies, a provider of financial technology, has partnered with Dow Jones Risk & Compliance to fight against financial crime.

Bottomline, Dow Jones, financial crime, risk, compliance, AML, KYC, PEPs