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Find here all the latest articles, news, and research on Financial Crime and other Financial Crime-related topics:

Find here all the latest articles, news, and research on Financial Crime and other Financial Crime-related topics:

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iDenfy partners with O2Factoring to improve financial security

News | Digital Identity, Security & Online Fraud | 01 Nov 2024

ID verification fraud prevention regulatory company iDenfy has announced its partnership with O2Factoring in order to optimise financial security for entrepreneurs.

partnership, identity theft, fraud management, fraud detection, fraud prevention, financial crime

Bankingly leaks data from seven financial institutions in Latin America

News | Digital Identity, Security & Online Fraud | 03 Oct 2024

Digital banking platform Bankingly has leaked data from seven financial institutions across Central and South America, which left clients exposed to phishing and social engineering attacks. 

data protection, data breaches, financial data, fraud prevention, phishing, financial crime

FCA fines Starling Bank due to financial crime failings

News | Online & Mobile Banking | 02 Oct 2024

The Financial Conduct Authority has imposed a GBP 29 million fine on Starling Bank as the latter did not meet financial crime systems and controls requirements. 

fraud prevention, fraud detection, online fraud, financial crime, AML

Ericsson and INFORM partner to support AML and fraud prevention

News | Digital Identity, Security & Online Fraud | 27 Sep 2024

Ericsson has partnered with INFORM to integrate INFORM’s RiskShield with Ericsson’s Mobile Financial Services Platform.

partnership, fraud prevention, financial crime, financial services

Themis releases Crowdcube Campaign

News | Digital Identity, Security & Online Fraud | 26 Sep 2024

Themis has introduced Crowdcube, a self-service platform designed to assist businesses of all sizes to proactively combat financial crime.

fraud prevention, fraud management, fraud detection, financial crime, financial institutions

MAS forms a Cyber and Technology Resilience Experts Panel

News | Digital Identity, Security & Online Fraud | 26 Sep 2024

The Monetary Authority of Singapore (MAS) has announced the creation of a Cyber and Technology Resilience Experts (CTREX) Panel to advise on emerging technologies risks in the financials sector.  

regulation, fraud management, fraud detection, online fraud, financial crime, fincrime

US banks face gap in financial crime detection, study finds

News | Digital Identity, Security & Online Fraud | 25 Sep 2024

A recent report by RedCompass Labs has revealed that US banks believe they are significantly behind criminals when it comes to detecting financial crimes.

survey, research, financial crime, scam

Hummingbird acquires LogicLoop

News | Online & Mobile Banking | 23 Sep 2024

Hummingbird, a provider of solutions for managing financial crime risk, has announced its acquisition of LogicLoop, a no-code data integration and automation firm.

banking, fintech, mobile banking, platform, financial crime

Major retail banks in Singapore to introduce SFV to mitigate phishing

News | Digital Identity, Security & Online Fraud | 20 Sep 2024

The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have announced that major retail banks are set to implement Singpass Face Verification (SFV).

phishing, financial crime, fraud management, digital banking, fraud detection, online security

Oracle launches new service to support banks in identifying financial crime risk

News | Digital Identity, Security & Online Fraud | 20 Sep 2024

US-based Oracle has announced the launch of Oracle Financial Crime and Compliance (FCCM) Management Monitor Cloud Service, enabling banks to identify financial crime risk.

product launch, fraud management, risk management, banks, AML, SaaS, financial crime

UAE augments financial crime regulations with AML strategy

News | Digital Identity, Security & Online Fraud | 09 Sep 2024

As part of the government’s 2024-2027 National Strategy for AML, CFT, and Proliferation Financing, the United Arab Emirates (UAE) has introduced new regulations to mitigate financial crime. 

financial crime, fraud prevention, fraud detection, online security, regulation, AML, CFT

Finance and tech companies collaborate to fight economic crime

News | Digital Identity, Security & Online Fraud | 03 Sep 2024

A group of leading financial and technology companies, including AWS and Mastercard, has formed a new coalition in the UK to address economic crime using digital verification methods.

partnership, fraud prevention, digital verification, financial crime

CBE allows banks to open accounts for foreign nationals

News | Payments General | 13 Aug 2024

The Central Bank of Egypt has released a new periodic bulletin confirming the allowance for banks to open accounts for foreign nationals, including those who do not reside in Egypt.

banks, regulation, compliance, AML, financial crime

Tuum partners with ComplyAdvantage

News | Digital Identity, Security & Online Fraud | 05 Aug 2024

Tuum has announced its partnership with ComplyAdvantage in order to deliver faster compliance, reduced risk, as well as optimised operational efficiency. 

partnership, fraud management, fraud detection, online fraud, fraud prevention, financial crime

ThetaRay acquires Screena to boost AI fincrime detection

News | Digital Identity, Security & Online Fraud | 31 Jul 2024

Provider of AI-powered financial crime detection technology, ThetaRay, has recently announced the acquisition of next-gen European screening company Screena.

 

acquisition, partnership, artificial intelligence, financial crime, financial institutions, AML, money laundering, terrorism, fraud detection, dark web, transaction laundering, transaction monitoring, transaction fraud, cloud, fintech

The ECB wants Revolut to improve controls following review

News | Digital Identity, Security & Online Fraud | 23 Jul 2024

The European Central Bank (ECB) has urged Revolut to enhance its financial crime controls and governance for its European operations.

fraud prevention, financial crime, fintech, compliance

The APP fraud problem and its impact on the payments industry

Voice of the Industry | Digital Identity, Security & Online Fraud | 22 Jul 2024

Mark Beresford, Director at Edgar, Dunn & Company (EDC), tackles authorised push payment (APP) fraud and its effect on the payments industry.

APP fraud, online fraud, financial crime, paytech, fintech, regtech, PSD3, scam, social engineering, online platform, romance scam, ecommerce, marketplace, PSR, PSP, Confirmation of Payee, instant payments, IBAN, PSD2, identity verification, fraud prevention, A2A payments, regulation

New BAFT whitepaper discusses financial crimes concerns

News | Digital Identity, Security & Online Fraud | 19 Jul 2024

The Bankers Association for Finance and Trade (BAFT) has recently released a new whitepaper, ‘Digital Currencies and Financial Crimes Concerns’, focusing on the challenges posed by financial crimes.

 

financial crime, regulation, regulatory sandbox, financial institutions, digital currency, AML, machine learning, artificial intelligence, regtech, terrorism, blockchain, data analytics

Cybersecurity platform Crowdstrike down worldwide

News | Online & Mobile Banking | 19 Jul 2024

Crowdstrike, a cyber security solutions provider, has been facing an outage, with users in several countries around the world being affected by the issue. 

fraud management, fraud detection, online fraud, online security, cybersecurity, financial crime

Video interview Money 20/20: Innovating cross-border payments

Interviews | Payments General | 10 Jul 2024

The Paypers has deep dived into the evolving world of cross-border payments, exploring how leaders are tackling the dual challenge of efficiency and security in the dynamic landscape of global transactions.

cross-border payments, payments , transactions , compliance, fintech, real-time payments, financial crime, fraud management, regulation, digital payments