Articles with tag like: financial crime

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Financial crime compliance cost for FIs to reach USD 213.9 bln, LexisNexis Risk Solutions finds

News | Digital Identity, Security & Online Fraud | 10 Jun 2021

The projected total cost of financial crime compliance across all financial institutions reached USD 213.9 billion in 2021, according to LexisNexis Risk Solutions study.

compliance, financial crime, KYC, AML, report, risk management, LexisNexis

QuantaVerse launches Fast Start programme

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

QuantaVerse has launched the High-Risk Entity Report Fast Start for banks interested in cutting costs and improving the accuracy and consistency of their high-risk entity review programme.

product launch, AML, machine learning, financial crime

Interpol seizes USD 83 million before being transferred to cybercriminal accounts

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

The Interpol has seized USD 83 million belonging to victims of online financial crime from being transferred to the accounts of their attackers.

financial crime, money laundering, fraud prevention, phishing, cybercrime

Fighting fraud in a digital financial ecosystem – HID Global interview

Interviews | Digital Identity, Security & Online Fraud | 04 Jun 2021

HID’s Global Security and Technology Evangelist Edwardcher Monreal talks about managing risk in an online environment and striking the right balance to offer a better UX

fraud prevention, risk management, financial crime, neobanks, banks, regulation, digitalisation, cybersecurity, online fraud, identity theft

Why is detecting synthetic identities so difficult?

Voice of the Industry | Digital Identity, Security & Online Fraud | 26 May 2021

Glenn Fratangelo, NICE Actimize Director of Fraud Product Marketing, shares some tips on how to detect and prevent the synthetic identity fraud


NICE Actimize, synthetic identity, identity theft, financial crime, data, financial services, fraud prevention, digital identity, cybersecurity, cybercrime

Teams – fighting financial crime and winning together

Voice of the Industry | Digital Identity, Security & Online Fraud | 24 May 2021

When explaining the evolution of Homo Sapiens and the rise of humans, Israeli historian Yuval Noah Harari mentions in his book Sapiens: A Brief History of Humankind that collaboration and storytelling are top traits that have led to human evolution success

KYC, digital onboarding, financial crime, cybersecurity, data sharing, COVID-19, fraud prevention, AML, regtech

ComplyAdvantage announces new investing by Goldman Sachs

News | Digital Identity, Security & Online Fraud | 21 May 2021

ComplyAdvantage has announced a new investment by the Growth Equity team in Goldman Sachs Asset Management

ComplyAdvantage, Goldman Sachs, AML, funding, startup, KYC, financial crime

Efficient AML/KYC Compliance During a Recession - Deloitte Reg Tech Lab

Voice of the Industry | Digital Identity, Security & Online Fraud | 20 May 2021

Anna Werner and Manfred Wandelt from Deloitte Reg Tech Lab discuss the impact of COVID-19 on AML and KYC compliance in Europe, the challenges faced, and the role of digitalisation in all of this

AML, KYC, COVID-19, compliance, regulation, financial crime

ThetaRay raises USD 31 million in new funding round

News | Payments General | 19 May 2021

Israel-based ThetaRay has raised USD 31 million in a funding round to facilitate safe, secure cross-border payments.

funding, banks, fintech, fraud prevention, financial crime

LexisNexis reveals an increase in financial crime compliance costs across European markets

News | Digital Identity, Security & Online Fraud | 19 May 2021

The total annual projected cost of financial crime compliance in EMEA markets has increased with 21% across European markets, according to a report from LexisNexis Risk Solutions.

financial crime, study, AML, compliance, LexisNexis

CSI, Kharon to strengthen KYC and sanctions risk management

News | Digital Identity, Security & Online Fraud | 11 May 2021

Computer Services (CSI) has partnered with US-based Kharon to provide CSI customers a set of tools to enhance their financial crime and trade control frameworks.

regtech, partnership, data analytics, financial crime

NICE Actimize, Refinitiv to expand distribution of SURVEIL-X suite across Asia-Pacific

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

NICE Actimize and Refinitiv have announced a strategic partnership which will enable it to resell NICE Actimize’s SURVEIL-X Holistic Surveillance Suite through both a cloud and on-premises environment to its growing customer base throughout the Asia-Pacific region.

NICE Actimize, partnership, KYC, AML, financial crime, artificial intelligence, compliance, risk management

The Paypers launches the Financial Crime and Fraud Report 2021

News | Digital Identity, Security & Online Fraud | 27 Apr 2021

The Paypers has launched the Financial Crime and Fraud Report 2021, a picture of what is currently happening in fraud management, digital onboarding, and financial crime in financial services.

report, financial crime, digital identity, fraud management, digital onboarding, KYC, KYB, COVID-19

ComplyAdvantages announces the launch of ComplyLaunch, an AML program

News | Digital Identity, Security & Online Fraud | 27 Apr 2021

ComplyAdvantage, a data technology company transforming financial crime detection, has announced a new early-stage anti-money laundering (AML) program called ComplyLaunch.

ComplyAdvantage, risk management, compliance, AML, KYC, financial crime, startup, digital onboarding

Regxsa launches Alexis, a cloud-based AML/CTF investigation platform

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

Regxsa has launched the cloud-based platform Alexis to bring back the human factor in the fight against money laundering, terrorism financing, and financial crimes.

cloud, money laundering, financial crime, AML, financial services, regulation, SaaS

Fourthline partners with French National Police

News | Digital Identity, Security & Online Fraud | 21 Apr 2021

Fourthline, a provider of digital identity technology, has announced a partnership meant to tackle financial crime both for the French National Police and Fourthline, according to the official press release.

partnership, digital identity, financial crime, financial institutions, regulation

European Commission details five-year crime cooperation, anti-trafficking plans

News | Digital Identity, Security & Online Fraud | 19 Apr 2021

The European Commission has revealed detailed plans that aim to increase police cooperation, target human trafficking, and establish new rules to counter money laundering.

financial crime, money laundering, cybercrime, cybersecurity, European Commission

FinCEN proposes regulation on convertible virtual currencies and digital asset transactions

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

The Financial Crimes Enforcement Network (FinCEN) has proposed a rule to bring convertible virtual currencies (CVC) and legal tender digital asset transactions (LTDA) within the existing AML and KYC regulatory framework under the Bank Secrecy Act (BSA)

regulation, digital assets, transactions , financial crime, AML, KYC, banks

Gemini selects ComplyAdvantage for AML solution

News | Cryptocurrencies | 13 Apr 2021

Gemini, a global crypto exchange and custodian, has selected ComplyAdvantage’s hyperscale platform for anti-money laundering risk management.

digital assets, partnership, compliance, ComplyAdvantage, financial crime, machine learning, cryptocurrency, cryptocurrency exchange

UK banks struggle to cope with financial crime surge due to COVID-19

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

As cases of fraud and money laundering have been rising during the COVID-19 pandemic in 2020, banks in the UK faced unforeseen challenges, according to a FICO survey.

survey, financial crime, fraud detection, banks, FICO