Articles with tag like: financial crime

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Ikano Bank taps TruNarrative's technology to facilitate fraud prevention strategy

News | Digital Identity, Security & Online Fraud | 06 Apr 2021

Ikano Bank has procured fraud prevention technology services from UK-based regtech company, TruNarrative.

banks, regtech, digital onboarding, fraud management, risk management, financial crime, partnership

Deutsche Bank sanctioned by South African Reserve Bank over compliance weaknesses

News | Digital Identity, Security & Online Fraud | 05 Apr 2021

The South African Reserve Bank (SARB) has imposed administrative sanctions on Deutsche Bank in Johannesburg.

money laundering, financial crime, compliance, central bank

Bofin selects ComplyAdvantage for fraud detection and AML

News | Digital Identity, Security & Online Fraud | 31 Mar 2021

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

partnership, AML, financial crime, fraud prevention, machine learning, ComplyAdvantage

French bank Natixis to face trial

News | Payments General | 29 Mar 2021

France-based investment bank Natixis has been called to trial over accusations that a financial statement it issued in 2007 on its subprime exposure was misleading.

banks, financial crime, Natixis, financial services

Financial crime compliance costs increased 20.6% across APAC, LexisNexis shows

News | Digital Identity, Security & Online Fraud | 24 Mar 2021

LexisNexis Risk Solutions has released the findings of its latest True Cost of Financial Crime Compliance Study – the APAC edition.

study, financial crime, COVID-19, KYC, money laundering, compliance, AML, transaction monitoring

Large internet companies demanded to tackle online scams in the UK

News | Digital Identity, Security & Online Fraud | 22 Mar 2021

Bank of England Governor Andrew Bailey has been lobbying the British government to initiate a legal requirement for large internet companies such as Google to take down financial fraud websites.

financial crime, bigtech, Bank of England, fraud detection, scam

Deloitte, Quantexa to tackle global illicit finance and economic crime risk

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

Quantexa, a data and analytics software company, has partnered with Deloitte as part of its global illicit finance and economic crime initiative, to enable the contextual monitoring of criminal activities.

Quantexa, data analytics, financial crime, Deloitte, partnership, risk management

Feedzai announces advanced framework for AI fairness – Fairband

News | Digital Identity, Security & Online Fraud | 17 Mar 2021

Feedzai, a global cloud-based financial risk management platform, has announced Feedzai Fairband, an advanced AI fairness framework.

Feedzai, risk management, artificial intelligence, machine learning, financial crime, product launch, financial services

Regulated fincrime company Elucidate raises EUR 2.5 mln

News | Digital Identity, Security & Online Fraud | 09 Mar 2021

Elucidate, a financial crime risk scoring platform, has announced that it has raised EUR 2.5 million in a pre-Series-A funding round led by Frontline Ventures

funding, investment, regtech, financial crime, fintech

Fraud attacks skyrocketed in 2020, Feedzai report

News | Digital Identity, Security & Online Fraud | 04 Mar 2021

Cloud-based risk management platform Feedzai has announced its Financial Crime Report Q1, 2021

Feedzai, online banking, financial crime, digital banking, online fraud

LexisNexis Risk Solutions, Accuity merge operations

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

Accuity and LexisNexis Risk Solutions have revealed they are merging operations to create a global provider of financial crime compliance solutions. 

LexisNexis Risk Solutions, Accuity, merger, financial crime, compliance, AML, KYC, fraud

Nasdaq completes Verafin's acquisition

News | Digital Identity, Security & Online Fraud | 15 Feb 2021

Nasdaq has completed the acquisition of the anti-financial crime management solutions provider Verafin

NASDAQ, Verafin, acquisition, financial crime, fraud detection, fraud prevention, crime management

Governments must take more active role in AML efforts: ACAMS survey

News | Digital Identity, Security & Online Fraud | 12 Feb 2021

Financial institutions welcome plans to regulate firms for anti-money laundering (AML) efficacy but say more input is needed from governmental officials.

fintech, regtech, cryptocurrency, AML, money laundering, financial crime, data, FinCEN, SAR, law enforcement, ACAMS

Web Shield launches Online Academy for underwriters

News | Digital Identity, Security & Online Fraud | 29 Jan 2021

Web Shield has launched its Online Academy, an online course aimed at the risk, compliance, and anti-fraud training market.

money laundering, deceptive marketing, Credit Card Risk, Web Shield, Online Academy, risk management, financial crime, underwriters, risk, compliance, regtech

Quantifind gets USD 22 mln to automate financial crimes investigations

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

Quantifind, a provider of solutions that use data science to help automate financial crimes investigations, has announced a strategic growth funding round of USD 22 million.

Quantifind, funding, financial crime, machine learning, data, banking, anti-money laundering, fraud investigations, AML, CFT, Graphyte

The fight against money laundering - 'Legislation alone is not enough'

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

Financial crimes have a strong impact on society and the economy.

AML, KYC, digital identity, fraud prevention, financial crime, risk management, regtech, identity verification, banks, compliance, virtual asset provider, AI, ML, big data, human trafficking, compliance teams, customer identification, AMLD6

Capital One fined for violating US anti-money laundering law

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

Capital One Financial, a US-based credit card firm, has been fined USD 390 million for engaging in what the US government called wilful and negligent violations of the Bank Secrecy Act, according to Reuters.

Capital One Financial, FinCEN, Bank Secrecy Act, money laundering, financial crime, bank, US, fraud prevention

Innovation and regulation in the digital age - Interview with Jo Ann Barefoot, AIR

Interviews | Payments General | 13 Jan 2021

Jo Ann Barefoot, CEO and Cofounder of the Alliance for Innovative Regulation, shares her thoughts about digitisation, regtech, digital identity, financial inclusion, and how the new technologies are transforming financial regulation

Jo Ann Barefoot, Alliance for Innovative Regulation, interview, digitisation, fintech, regtech, digital identity, financial inclusion, financial regulation, fair finance, innovation, technology, financial crime

MT Global penalised with USD 32 mln over anti-money laundering failures

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

Britain’s tax authority has fined MT Global, a private money services business, with USD 32.4 million for significant breaches of anti-money laundering regulations.

MT Global, AML, fine, financial crime, UK, Majesty’s Revenue and Customs, HMRC, due diligence, record keeping, payments

QuantaVerse updates its financial crime platform

News | Digital Identity, Security & Online Fraud | 06 Jan 2021

QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, has updated its financial crime platform.

QuantaVerse, AI, financial crime, fraud prevention, product update, data analytics, risk score