Articles with tag like: financial crime

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Financial crime – any sign of winning the battle?

Voice of the Industry | Digital Identity, Security & Online Fraud | 10 Sep 2021

With regulators focusing on fighting financial crime, by bringing more accountability and transparency with more stringency on KYC, Verity Snelson from Encompass shares what lessons can be learned from the past

KYC, financial crime, regulation, money laundering, fintech

Invidem launches its KYC service

News | Digital Identity, Security & Online Fraud | 03 Sep 2021

Invidem has announced that it is now accessible to Nordic businesses requiring generic and compliant KYC information.

product launch, KYC, financial crime, AML

LexisNexis Risk Solutions acquires TruNarrative

News | Digital Identity, Security & Online Fraud | 25 Aug 2021

UK-based fraud prevention solutions provider LexisNexis Risk Solutions has acquired TruNarrative, which provides a cloud-based orchestration platform that detects and prevents financial crime.

LexisNexis, risk management, fraud prevention, acquisition, API, financial crime

AML RightSource acquires QuantaVerse

News | Digital Identity, Security & Online Fraud | 18 Aug 2021

AML RightSource (AMLRS), a provider of Anti-Money Laundering (AML), Know Your Customer (KYC), and Bank Secrecy Act (BSA) compliance solutions, has acquired QuantaVerse.

acquisition, AML, KYC, compliance, financial crime, machine learning

Lucinity and Currencycloud partner to boost AML portfolio

News | Digital Identity, Security & Online Fraud | 13 Aug 2021

UK-based embedded finance platform Currencycloud has contracted AML software provider Lucinity to provide its Actor Intelligence solution.
 

Currencycloud, AML, partnership, financial crime

Monzo reports losses growth and FCA investigation

News | Online & Mobile Banking | 30 Jul 2021

The FCA has launched a formal investigation into Monzo’s anti-money laundering practices, which could carry both civil and criminal liability, says AltFi.

FCA, challenger bank, online banking, financial crime

The FinTech FinCrime Exchange story

Voice of the Industry | Digital Identity, Security & Online Fraud | 21 Jul 2021

Observing that fintechs in the UK are exposed to criminal activity but they lack a way to communicate with each other, FINTRAIL and the Royal United Services Institute (RUSI) have decided to establish the FinTech FinCrime Exchange

fintech, financial crime, BaaS, challenger bank, cryptocurrency exchange, COVID-19, risk management, compliance, data, cybercrime

Canny chooses TruNarrative for financial services marketplace solutions

News | Online & Mobile Banking | 20 Jul 2021

UK-based TruNarrative has announced a partnership with tech platform Canny, providing solutions for their financial services marketplace.

partnership, financial crime, cybercrime, SaaS, API

Asia's financial hubs to lead regional regtech growth in 2021

Voice of the Industry | Digital Identity, Security & Online Fraud | 16 Jul 2021

How is regtech evolving in Asia? What are the leading countries when it comes to innovation? Matthew Fulco of Kapronasia has the answers to that

regtech, fintech, digitalisation, financial crime, cybercrime

Regtech M&As and investments under the microscope – Part 1 - Europe

Voice of the Industry | Digital Identity, Security & Online Fraud | 15 Jul 2021

‘Our goal is that all of our clients are in a position to build better digital experiences for their consumers’, Terry Angelos, Senior Vice President and Global Head of Fintech at Visa

regtech, funding, investment, Quantexa, ComplyAdvantage, Fenergo, AML, AMLD6, financial crime, artificial intelligence, data analytics

Bci Miami Bank renews agreement with QuantaVerse

News | Digital Identity, Security & Online Fraud | 14 Jul 2021

QuantaVerse, which uses RPA, AI, and machine learning to automate financial crime identification and investigations, has announced it has signed a renewal agreement with Bci Miami.

partnership, financial crime, compliance, AML, risk management

The story behind Lithuania's Centre of Excellence in Anti-Money Laundering

Voice of the Industry | Digital Identity, Security & Online Fraud | 14 Jul 2021

Jekaterina Govina, Director of the Financial Market Supervision Service of the Bank of Lithuania, has told the story of creating the Centre of Excellence in Anti-Money Laundering and how its five initial tasks evolved and improved over time

banks, AML, financial services, compliance, KYC, risk management, financial institutions, regulation, cybersecurity, financial crime

FCA warns banks over money laundering failings

News | Digital Identity, Security & Online Fraud | 13 Jul 2021

UK-based Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls, according to Fintech Global.

FCA, money laundering, risk management, financial crime, transaction monitoring

Featurespace files patents to stop enterprise financial crime

News | Digital Identity, Security & Online Fraud | 13 Jul 2021

Featurespace, a provider of enterprise financial crime prevention technology for fraud and anti-money laundering, has filed two global patents that support new levels of customer protection in the financial industry.

financial crime, Featurespace, risk management, behavioural biometrics

Quantexa gets USD 153 mln to boost Contextual Decision Intelligence tech adoption

News | Digital Identity, Security & Online Fraud | 13 Jul 2021

Quantexa, a data and analytics software company pioneering Contextual Decision Intelligence (CDI), has raised USD 153 million in Series D funding from Warburg Pincus and other investors.

funding, Quantexa, data analytics, artificial intelligence, financial crime

Interview with the FBI on financial fraud and crime threats

Interviews | Digital Identity, Security & Online Fraud | 13 Jul 2021

The Paypers sat with an FBI representative to find out what are the latest financial fraud and crime threats coming out of investment firms/crypto and learn how to tackle them

fraud detection, financial crime, CDD, FBI, COVID-19, cryptocurrency, AML

Quantexa updates financial crime and fraud detection solution

News | Digital Identity, Security & Online Fraud | 08 Jul 2021

UK-based Quantexa has launched the latest version of its Contextual Monitoring and Investigations solution for financial crime and fraud detection and investigation.

Quantexa, product launch, financial institutions, fraud detection, financial crime

Fraugster, Elucidate partner to tackle financial crime

News | Digital Identity, Security & Online Fraud | 01 Jul 2021

AI company Fraugster and financial crime risk scoring platform Elucidate have partnered to provide customers financial crime solutions.

Fraugster, partnership, financial crime

Elucidate launches open database for scoring the financial crime risk vulnerability

News | Digital Identity, Security & Online Fraud | 01 Jul 2021

Elucidate, a financial crime risk scoring platform, has launched the Elucidate FinCrime Risk Monitor (EFRM), an open database for scoring the financial crime risk vulnerability of financial institutions.

Elucidate, product launch, data, financial crime, financial institutions

AML player Hawk AI raises USD 10 mln in Series A funding

News | Digital Identity, Security & Online Fraud | 23 Jun 2021

Hawk AI has raised USD 10 million in its Series A funding, with fintech specialist BlackFin Capital Partners leading the investment round and Picus Capital expanding its existing share.

funding, financial crime, financial institutions, compliance