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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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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

Nordea charged by NSK for breaching AML regulations

News | Digital Identity, Security & Online Fraud | 08 Jul 2024

European financial services group Nordea has been charged by Denmark’s Special Crime Unit (NSK) for breaching the country’s Anti-Money Laundering (AML) act between 2012 and 2015. 

regulation, AML, money laundering, financial crime, fraud management, fraud detection

Hawk updates its anti-financial crime platform for risk detection and investigation

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

Hawk has upgraded its anti-financial crime platform for risk detection and investigation with entity resolution and network analysis. 

AML, financial crime, financial institutions, risk management, artificial intelligence

Handelsbanken Norway extends agreement with Tietoevry Banking

News | Payments General | 04 Jul 2024

Handelsbanken Norway has entered into a new agreement with Tietoevry Banking for the delivery of a complete solution portfolio.

partnership, banking, payments , wealth management, financial crime

RiskShield achieves compatibility with EBA Clearing's FPAD initiative

News | Digital Identity, Security & Online Fraud | 04 Jul 2024

INFORM has announced that its financial crime and risk management solution, RiskShield, is now fully compatible with EBA Clearing’s Fraud Pattern and Anomaly Detection (FPAD) initiative.

risk management, financial crime, fraud detection, machine learning, financial institutions

ADIB joins forces with Silent Eight

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

The Abu Dhabi Islamic Bank (ADIB) has entered a strategic collaboration with Silent Eight to automate its alert screening investigation process and improve its capabilities. 

partnership, financial crime, financial services, artificial intelligence, machine learning, customer experience, fraud management, compliance

The EBA welcomes the entry of the AMLA

News | Online & Mobile Banking | 27 Jun 2024

The EBA has welcomed the entry into force of the new EU framework that is set to optimise how Europe tackles money laundering and terrorist financing.

product launch, regulation, AML, fraud management, fraud detection, fraud prevention, financial crime

Charlie unveils SpeedBump, an anti-financial fraud initiative

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

Charlie, a fintech company focused on enhancing financial security for older Americans, has unveiled SpeedBump, a new initiative aimed at combating rampant financial fraud targeting this demographic.

financial crime, fraud prevention, fintech, research, scam

Flutterwave and EFCC to launch Nigerian cybercrime research centre

News | Digital Identity, Security & Online Fraud | 21 Jun 2024

Fintech Flutterwave and Nigeria's EFCC launch a Cybercrime Research Centre to combat internet fraud and enhance financial security across Africa.

fraud prevention, cybercrime, partnership, financial crime, cryptocurrency

CleverCards secures EUR 8 mIn to curb corporate expense abuse

News | Cards | 17 Jun 2024

Global digital payments platform CleverCards has secured EUR 8 million for its solution designed to stop employees from abusing corporate expenses.

funding, credit card, prepaid card, fraud management, fraud prevention, financial crime

CFIT launches coalition to tackle economic crime

News | Digital Identity, Security & Online Fraud | 10 Jun 2024

The CFIT has announced the formation of a new industry coalition aimed at combating economic crime through enhanced verification methods.

fraud prevention, identity verification, APP fraud, financial crime

Bitget partners with Sumsub

News | Online & Mobile Banking | 05 Jun 2024

Bitget has announced its partnership with Sumsub in order to upgrade AI-powered KYC verification tools to combat rampant deepfake crimes. 

partnership, online fraud, fraud prevention, fraud detection, KYC, financial crime, deep fake

Mastercard inaugurates a European Cyber Resilience Centre in Belgium

News | Digital Identity, Security & Online Fraud | 04 Jun 2024

Mastercard has inaugurated a European Cyber Resilience Centre at its European Headquarters in Belgium to combat cyber threats and optimise resilience. 

product launch, fraud management, fraud detection, cybersecurity, financial crime

Ticketmaster admits hack of database

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

US-based ticket sales and distribution company Ticketmaster has confirmed that its global database was hacked, which could expose customers’ personal information. 

data breaches, data protection, cybercrime, cybersecurity, financial crime

AMLYZE and Aura Cloud partner to combat financial crime

News | Digital Identity, Security & Online Fraud | 29 May 2024

AMLYZE, a RegTech firm specializing in anti-financial crime, has announced a strategic partnership with Aura Cloud, a provider of next-generation AI digital banking platforms.

partnership, fraud prevention, financial crime, regtech

Henoscene partners with iDenfy

News | Digital Identity, Security & Online Fraud | 28 May 2024

Henoscene has announced its partnership with iDenfy in order to integrate its KYC software and protect stakeholders against financial crime. 

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