Articles with tag like: transaction monitoring

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PayPal, Anti-Defamation League to research transactions that fund hate groups, extremists

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

PayPal has teamed up with the Anti-Defamation League (ADL) to investigate how extremist and hate movements in the US take advantage of financial platforms to fund their criminal activities.

AML, transaction monitoring, financial services, payment processing, PayPal

FCA warns banks over money laundering failings

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

UK-based Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls, according to Fintech Global.

FCA, money laundering, risk management, financial crime, transaction monitoring

Transaction monitoring - next generation – reality or myth?

Voice of the Industry | Digital Identity, Security & Online Fraud | 12 Jul 2021

What does the next generation of transaction monitoring has to offer? Will the false positives still be an issue in the future? Colin Whitmore, senior analyst for Aite Group answers these and many other questions

transaction monitoring, transaction fraud, AML, artificial intelligence, data analytics

COVID-19 pandemic increased customer and third-party risks, Refinitiv survey reveals

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

New research from Refinitiv shows only 44% of organisations conducted third-party due diligence checks during the COVID-19 pandemic.

KYC, AML, transaction monitoring, compliance, study, CDD

Norwegian fintech ZTL selects Napier's anti-financial crime solutions

News | Digital Identity, Security & Online Fraud | 23 Jun 2021

Regtech company, Napier, a provider of anti-financial crime compliance solutions, has announced its AI-led technology has been chosen by emerging Norwegian fintech, ZTL Payment Solution.

B2B payments, fintech, regtech, partnership, Napier, transaction monitoring

ThetaRay teams up with Google Cloud for cross-border payments AML

News | Digital Identity, Security & Online Fraud | 15 Jun 2021

ThetaRay, a provider of AI-based Big Data analytics, has teamed up with Google Cloud for cross-border payments AML.

artificial intelligence, AML, money laundering, transaction monitoring, cloud services, partnership

Austreme gains patent for its Card Testing Fraud Detection technology

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

Hong Kong-based forensic fintech company Austreme has been granted a patent for its ecommerce card testing fraud detection system.

fraud detection, cross-border ecommerce, credit card fraud, transaction monitoring

Sentinels secures EUR 5.7 mln in seed funding

News | Payments General | 04 Jun 2021

Netherlands-based artificial intelligence company Sentinels has raised EUR 5.7 million in a seed funding round led by INKEF Capital.

artificial intelligence, transactions , fintech, funding, expansion, startup, transaction monitoring

VIALET selects Sentinels as their AML transaction monitoring platform

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

Transaction monitoring and client surveillance solution provider Sentinels has teamed up with Lithuanian EMI (Electronic Money Institution) VIALET to support their compliance efforts.

partnership, transaction monitoring, data, financial services, AML, money laundering

Financial Crime and Fraud Report 2021

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

Financial Crime and Fraud Report 2021 follows the development of the best practices and tools used by financial institutions to prevent fraud from happening, to boost the digital onboarding process for their customers while fighting financial crime

identity verification, KYC, AML, digital onboarding, banks, fintech, regtech, compliance, transaction monitoring, data

FinXP implements ComplyRadar for automated transaction monitoring

News | Online Payments | 23 Apr 2021

FinXP, a European payments and banking service provider, has implemented the intelligent compliance technology solution ComplyRadar to automate transaction monitoring and help with case management. 

transaction monitoring, FinXP, online payments, compliance

PARSIQ, Hex Trust announce partnership to bolster custody

News | Digital Identity, Security & Online Fraud | 16 Apr 2021

PARSIQ, a blockchain monitoring and event tracking service provider, has announced it has entered a new strategic partnership with Asia’s digital asset custodian, Hex Trust.

partnership, cybersecurity, digital assets, blockchain, cryptocurrency, transaction monitoring

DVB Bank simplifies network security

News | Digital Identity, Security & Online Fraud | 12 Apr 2021

Germany-based financial services provider DVB Bank has announced introducing a new security concept.

product launch, online security, transaction monitoring, cybersecurity

Financial crime compliance costs increased 20.6% across APAC, LexisNexis shows

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

LexisNexis Risk Solutions has released the findings of its latest True Cost of Financial Crime Compliance Study – the APAC edition.

study, financial crime, COVID-19, KYC, money laundering, compliance, AML, transaction monitoring

Seychelles chooses WISeKey for digital identity platform

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

Switzerland-based WISeKey has signed an understanding with the Government of Seychelles to start working on a digital identity platform for Seychelles.

digital identity, digital signature, transaction monitoring, online authentication, eKYC

Nest Bank choses Fiserv to issue virtual card

News | Online & Mobile Banking | 15 Mar 2021

Nest Bank has chosen Fiserv as its new provider of payment card outsourcing services for its digital development and to enable the introduction of new services to customers.

Fiserv, virtual card, digital banking, transaction monitoring

A spotlight on AI in regtech

Voice of the Industry | Digital Identity, Security & Online Fraud | 04 Mar 2021

Luca Primerano, Chief AI Officer at Napier, reveals for The Paypers’ readers how can AI-driven regtech enable FIs gain a more holistic view of customer behaviour, reduce false positives, and more

Napier, regtech, artificial intelligence, transaction monitoring, KYC, AML

The transformative role of regtech to fight financial crime

Interviews | Digital Identity, Security & Online Fraud | 03 Mar 2021

The Paypers sat with Abhishek Chatterjee, CEO of Tookitaki, to learn how regtech solutions like Tookitaki can help banks better screen transactions for potential money laundering activities using big data and AI

artificial intelligence, regtech, money laundering, AML, machine learning, transaction monitoring, financial services

AML specialist QuantaVerse rolls out new report

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

QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, has introduced an additional Financial Crime Investigation Report (FCIR).

AML, regtech, banking, transaction monitoring, reporting, analyst, FCIR, QuantaVerse, money laundering, TMS

Blockpass supports Blitz Network with KYC services

News | Cryptocurrencies | 12 Jan 2021

Blockpass has teamed up with Blitz Network, a union of miners, cross border traders, and early cryptocurrency investors, to assist them with KYC processes.

BCH, BTC, ETH, partnership, crypto trading, KYC, digital onboarding, AML, fraud prevention, transaction monitoring, Blitz Network, Blockpass