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Germany-based identity verification platform IDnow has launched a new version of its expert-led video verification service.
product upgrade, identity verification, artificial intelligence, fraud prevention
Oracle's Financial Services division has launched the Financial Services Compliance Agent, a cloud-based service powered by artificial intelligence (AI).
product launch, fraud prevention, AML, cloud services
Oscilar, a player in AI-Powered financial risk management, has unveiled its AI-Powered AML Risk Platform at the ACAMS Summit in Florida.
AML, compliance, regulation, BaaS
As businesses undergo digital transformation, the need for robust KYB processes has never been more stringent. Understanding and verifying the identity of businesses is not just a regulatory requirement but a strategic imperative.
KYB, KYC, digital onboarding, fraud prevention, AML, merchants, UBOs, data privacy
In February 2024, Piermont Bank and Sutton Bank each became subject to consent orders issued by the Federal Deposit Insurance Corp.
BaaS, fintech, consent, regulation, AML
The Monetary Authority of Singapore (MAS) has announced amendments to the Payment Services Act (PS Act) and its subsidiary legislation.
regulation, payments , digital payments, digital assets, compliance
Verification provider Sumsub has partnered with payments infrastructure platform Mercuryo to publish a guide about Travel Rule for Virtual Asset Service Providers (VASPs).
cryptocurrency, digital assets, compliance, regulation, partnership
The article offers insights into the regulatory changes slated for 2024, providing a roadmap that will influence the evolution of payments
instant payments, cross-border payments, AML, fraud prevention, regulation, PSD3, FIDA, MiCA, Open Finance, SCA, data privacy, compliance
Switzerland-based fintech nsave has raised USD 4 million in a seed funding round co-led by Sequoia Capital and TQ Ventures.
fintech, funding, financial inclusion, banking
The European Union has decided to issue a ban on cryptocurrency transactions that involve unverified non-custodial wallets.
cryptocurrency, regulation, digital wallet, transactions
Sumsub has launched its upgraded Fraud Prevention Solution aiming to tackle the surge of fraud networks in Asia-Pacific (APAC).
fraud detection, fraud prevention, transaction monitoring, online security, product launch
The Paypers took a close look at some of the most important M&As from Q4 2023, with a focus on trends in the banking, fintech, payments, fraud prevention and crypto sectors to identify key elements that drive companies to acquire others.
acquisition, merger, The Paypers Quarterly Analysis series, banking, payments , ecommerce, cryptocurrency, financial services
The UK regulators have announced that they intend to extend the investigation time for payments if fraudulent activity or dishonesty is suspected.
regulation, online security, APP fraud, fraud management, fraud detection
Netherlands-based risk management company Wolters Kluwer has announced the launch of an Anti-Money Laundering (AML) module within CCH iFirm in the UK.
product launch, AML, money laundering, KYC, cloud services
Mirela Ciobanu from The Paypers examines key cross-border payment trends for 2024 and beyond, highlighting a focus on innovation, security, and regulatory compliance.
cross-border payments, central bank, SWIFT, blockchain, digital assets, stablecoin
Eurojust has aided a multinational investigation on EUR 2 billion money laundering scheme, implicating 3 main suspects across Italy, Latvia, and Lithuania.
AML, fraud detection, fraud prevention, payment fraud, fraud rings
US-based Metropolitan Commercial Bank has decided to wind down or limit its banking-as-a-service (BaaS) programme by the end of the year.
BaaS, financial services, banks, compliance
US-based fintech company Alloy has announced the launch of a new risk management solution for Embedded Finance partnerships.
product launch, risk management, banks, fintech, customer experience, compliance
Digital identity verification company OneID has partnered with payment verification solution provider SurePay to augment business in combating online fraud.
digital identity, fraud prevention, digital onboarding, Confirmation of Payee, IBAN
Temenos has announced that Šiaulių Bankas, the largest independently-owned bank in Lithuania, has chosen Temenos to modernise its core banking platform.
banking, partnership, digitalisation, SaaS, trade finance