Articles with tag like: financial crime

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EBA discusses payment fraud under PSD2 directive

News | Digital Identity, Security & Online Fraud | 18 Jan 2022

The European Banking Authority (EBA) has published a Discussion Paper on its preliminary observations on selected payment fraud data under the Payment Services Directive (PSD2).

EBA, PSD2, fraud detection, SCA, financial crime

Temenos includes Kharon for data analytics on global security threats

News | Digital Identity, Security & Online Fraud | 12 Jan 2022

Switzerland-based open marketplace for fintech solutions Temenos has integrated US-based Kharon for its data and analytics solutions facilitating compliance programmes.

Temenos, KYC, partnership, fraud prevention, financial crime, data analytics

Over USD 14 bln worth of crypto stolen in 2021

News | Digital Identity, Security & Online Fraud | 06 Jan 2022

Scammers took home a record USD 14 billion in cryptocurrency in 2021, thanks in large part to the rise of DeFi platforms, according to a Chainalysis study.

online fraud, money laundering, DeFi, cryptocurrency, financial crime

New scamming approach to grow exponentially during holidays

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

New research from fraud experts, Arkose Labs, has revealed that there were over two billion Credential Stuffing attacks during 2021.

cybersecurity, online fraud, research, financial crime

NICE Actimize partners with Sparking Logic

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

NICE Actimize has partnered with Sparkling Logic, a provider of decision management systems, to augment NICE Actimize’s cloud native X-Sight financial crime management platform.

NICE Actimize, cloud, financial crime, partnership, financial institutions

Pakistan's builders and developers now conditioned by AML law

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

Pakistan’s tax body has imposed a condition on builders and developers under the Anti-Money Laundering Act, 2010 regarding transfer and registration of property.

AML, financial crime, regulation, CFT

PassFort partners Refinitiv

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

PassFort has partnered with financial market data firm Refinitiv to establish a digital Know Your Customer (KYC) solution for challenger institutions.

partnership, KYC, financial crime, data, digital identity

How can financial institutions help to disrupt modern slavery?

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

When thinking of crimes in the financial sector few have slavery in mind. Julie Guetta and Silvija Krupena from RedCompass Labs show us the influence that financial industry players can have on this ageless problem

online security, financial crime, regulation, financial institutions, data sharing

Connecting the industry to fight financial crime and identify risks

Interviews | Digital Identity, Security & Online Fraud | 05 Nov 2021

After RiskConnect Virtual 2021, The Paypers interviewed Alex Noton, Chief Executive Officer, Web Shield, to find out the key takeaways from this bespoke event for risk and compliance professionals

fraud management, financial crime, online security, fraud prevention, digitalisation

How blockchain analytics can help to combat cryptocurrency-based crime

Voice of the Industry | Cryptocurrencies | 04 Nov 2021

Chainalysis’ Head of Global Investigations, Janey Young reveals for The Paypers ways to leverage cryptocurrency’s inherent transparency to ensure that the new financial system is safe from abuse

blockchain, financial crime, AML, cryptocurrency, compliance

Accenture acquires BCS Consulting

News | Payments General | 28 Oct 2021

Accenture has acquired a UK-based management consultancy BCS Consulting that delivers complex business change for financial services firms. 

acquisition, financial services, Open Banking, financial crime, regulation

Al Rayan Bank taps TruNarrative for digital onboarding and fraud management

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

UK-based Al Rayan Bank has procured customer onboarding and fraud prevention technology services from UK-based regtech firm TruNarrative.

digital onboarding, fraud prevention, financial crime, AML, identity verification, KYC

Credit Suisse fined USD 350 mln over loan scandal

News | Digital Identity, Security & Online Fraud | 20 Oct 2021

Credit Suisse has been fined nearly GBP 350 million by global regulators, pleaded guilty to wire fraud.

payment fraud, regulation, financial services, financial crime, lending

Technology and human expertise, fundamental to the asset recovery process - interview Martin Kenney

Interviews | Digital Identity, Security & Online Fraud | 18 Oct 2021

Ahead of RiskConnect, The Virtual Risk & Compliance Conference, The Paypers sat with Martin Kenney, founder and managing partner of Martin Kenney & Co, Solicitors, in the BVI, to find out what asset recovery is.

financial crime, compliance, fraud prevention, risk management

RedCompass Labs releases quarterly RedFlag Accelerator update

News | Digital Identity, Security & Online Fraud | 07 Oct 2021

RedCompass Labs have announced the quarterly update of the RedFlag Accelerator typologies in the financial industry to help banks stop MSHT and protect children.

digital identity, fraud detection, financial crime, banks, Europol

Feedzai Financial Crime Report: 23% increase in online fraud

News | Digital Identity, Security & Online Fraud | 07 Oct 2021

Financial crime management platform Feedzai has released its most recent Financial Crime Report, stating that online fraud has increased 23% as cashless payments take centre stage.

Feedzai, cashless, online fraud, financial crime, P2P payments

GeoComply partners with NICE Actimize

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

GeoComply, a Canada-based fraud prevention company, has partnered with NICE Actimize to fight financial crime with a location intelligence solution.

fraud prevention, financial crime, risk management, partnership, NICE Actimize, false positive

'Financial crime is an epidemic' – exclusive interview with Oliver Bullough

Interviews | Digital Identity, Security & Online Fraud | 28 Sep 2021

Ahead of RiskConnect, The Virtual Risk & Compliance Conference, The Paypers sat with Oliver Bullough, author, and freelance journalist, who writes about financial crime to find out what Moneyland is

financial crime, tax evasion , bribery, corruption, money laundering

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