Search Results for: transaction monitoring system

Lucinity and Resistant AI Partner to Deliver Advanced AI-Powered FinCrime Prevention Solutions
Artificial Intelligence Finance Fintech News

Lucinity and Resistant AI Partner to Deliver Advanced AI-Powered FinCrime Prevention Solutions

PR Newswire
by PR Newswire0
Lucinity, an AI-powered FinCrime investigation platform, and Resistant AI, specialists in fraud and money laundering detection, have partnered to enhance financial crime detection. In 2023, $3.1 trillion in illegal transactions occurred globally, including more than $800 billion tied to drug trafficking, $350 billion to human trafficking, and $500 billion lost to fraud. This collaboration addresses limitations in current technology, providing enhanced detection and......
Artificial Intelligence Compliance management Digital Wallet Economy Featured Fintech Payment gateways Technology

RegTech for a Globalized World: How RegTech Helps With Cross-Border Regulatory Challenges

Fintech Staff Writer
by Fintech Staff Writer0
Understanding RegTech RegTech, short for Regulatory Technology, refers to the application of innovative technology to improve the efficiency and effectiveness of regulatory compliance. It encompasses a wide range of technologies including artificial intelligence (AI), blockchain, big data analytics, and machine learning. These technologies help organizations manage regulatory requirements, streamline compliance......
The United States Remains A Key Player In The Global Crypto Industry, Despite Recent Regulatory Challenges
Cryptocurrency News

The United States Remains A Key Player In The Global Crypto Industry, Despite Recent Regulatory Challenges

PR Newswire
by PR Newswire0
Will crypto firms seek greener pastures? PayBito CEO Raj Chowdhury discusses the US’s continued role in the global crypto industry, despite the recent SEC crackdown. The global crypto community is viewing recent US policies as an overreaction to the FTX aftermath. The consensus feels strict crypto regulations can stifle innovations......
Google Cloud Launches AI-Powered AML Product for Financial Institutions
Artificial Intelligence News

Google Cloud Launches AI-Powered Anti Money Laundering Product for Financial Institutions

PR Newswire
by PR Newswire0
HSBC found AML AI identified 2-4x more suspicious activity, while reducing alert volumes by more than 60%  Google Cloud announced the launch of Anti Money Laundering AI (AML AI), an artificial intelligence (AI)-powered product designed to help global financial institutions more effectively and efficiently detect money laundering. Money laundering is a......
Ironblocks Launches Blockchain-Native Security Solution for Web3 and DeFi Protocols
DeFi News

Ironblocks Launches Blockchain-Native Security Solution for Web3 and DeFi Protocols

PR Newswire
by PR Newswire0
Ironblocks has created a customizable, easy to implement, real time transaction monitoring system Ironblocks, a blockchain-native cybersecurity firm, announced the launch of the first phase of its end-to-end security suite, a solution that aims to set a new security standard for Web3 and decentralized finance (DeFi) projects. The Ironblocks detection......
Moorwand Launches Suite of Payments Compliance Services
Digital Payments News

Moorwand Launches Suite of Payments Compliance Services

Fintech News Desk
by Fintech News Desk0
Moorwand, a payments solutions provider, offering BIN sponsorship and issuing services, announced the launch of its suite of payments compliance services. The suite aims to improve the financial crime systems and controls for Moorwand clients whilst reducing the administrative burden and improving operational efficiencies. From anti-money laundering (AML) to Know......
Blockchain Intelligence Company TRM Labs Announces $60 million Series B Led by Tiger Global
Blockchain News

Blockchain Intelligence Company TRM Labs Announces $60 million Series B Led by Tiger Global

Fintech News Desk
by Fintech News Desk0
Series B caps a year of 600% growth driven by demand for crypto risk management solutions from financial institutions and governments  TRM Labs, the blockchain intelligence company, announced that it raised $60 million in a Series B raise. The round was led by Tiger Global with participation from leading financial......
Symphony AyasdiAI and Sionic Join Forces to Expand Availability of Financial Crime Detection
Artificial Intelligence Finance Fintech Machine Learning News

Symphony AyasdiAI and Sionic Join Forces to Expand Availability of Financial Crime Detection

Fintech News Desk
by Fintech News Desk0
Symphony AyasdiAI announced it is partnering with Sionic, a global financial services consulting firm, to provide customers with better and earlier financial crime detection with reduced operational overhead. This alliance brings together world-leading innovation and deep-trust subject matter expertise from both companies. As financial institutions grapple with the inferior detection......
Greece's Eurobank Detects Money Laundering Attempts Across Bank with FICO Solution
Banking Business Fintech News

Greece’s Eurobank Detects Money Laundering Attempts Across Bank with FICO Solution

Fintech News Desk
by Fintech News Desk0
One of Greece’s 4 systemic banks meets new regulations with an advanced solution, winning 2021 FICO Decisions Award for Regulatory Compliance Highlights: Eurobank, one of the four systemic banks in Greece, has responded to new European regulations by broadening its use of FICO compliance solutions to cover all stages of the......
QuantaVerse Launches New Financial Crime Investigation Report to Streamline Level 1 AML Investigations
Business Fintech News

QuantaVerse Launches New Financial Crime Investigation Report to Streamline Level 1 AML Investigations

Fintech News Desk
by Fintech News Desk0
QuantaVerse Adds New FCIR to Speed Initial Reviews of TMS Alert Investigations QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, has introduced an additional Financial Crime Investigation Report that addresses the specific needs of Level 1 AML compliance teams. The new report helps reduce the average......
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