Search Results for: Anti-Money Laundering
Why Only AI and Data Analytics Can Stop Financial Criminals
The first piece of anti-money laundering legislation took effect in 1970 when the US introduced the Bank Secrecy Act (BSA). Since then, financial institutions have been under pressure to stop those who aim to benefit financially from wrongdoing.   Recommended: Importance Of Customer Experience Management In Fintech Industry In their bid to......
Violet Launches Mauve, the World’s First Decentralized Exchange that Provides the Compliance of Traditional Finance
Company raises $15M to bring privacy-protective compliance to Decentralized Finance (DeFi) Violet, the world’s leading provider of privacy-protective compliance and identity infrastructure for Decentralized Finance (DeFi), announced the launch of Mauve, the world’s first compliant Decentralized Exchange (DEX) purpose-built to offer the best of both DeFi and Traditional Finance (TradFi)......
IDnow Sales in Automated Solutions Increase by 52% In 2022
Strongest growth reported in financial services, telecommunications, and mobility and travel IDnow, a leading identity proofing platform provider in Europe, has increased the revenue generated from its AI-powered, automated portfolio by 52% in 2022, compared to 2021. Built with in-house technology, the automated solutions, which include biometric selfies and video liveness......
Coinbase and ACAMS Join Forces to Offer CCAS Training on Fighting Financial Crime in the Crypto Space
The initiative will provide cutting-edge compliance training to Coinbase staff on anti-money laundering (AML) best practices and emerging risks for financial institutions in the cryptoasset sector As part of their efforts to safeguard the virtual-asset sector from criminal abuse, Coinbase Global, Inc. and ACAMS are teaming up to educate anti-financial......
Chartwell Joins Ankura to Bolster Global Banking and Fintech Compliance Advisory Services
Acquisition further enhances Ankura’s Global anti-financial crime offering to help banking and Fintech clients navigate the full spectrum of BSA/AML challenges Ankura Consulting Group, LLC, a leading global expert services and advisory firm, announced that it has acquired Chartwell Compliance (“Chartwell”), a leading global regulatory compliance and risk management firm that......
Fintech Focus-PayFacmodel
PayFac Model: Introduction The payfac model was developed to enable payment-specific organizations to streamline the process of getting started with online payments, provide services to a wider range of businesses, and concentrate on their core competencies. What Does a PayFacs Do? When a PayFac wishes to process payments on behalf......
Dubai International Financial Centre Chooses Napier to Provide Client Screening Capabilities
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has chosen anti-financial crime compliance specialist Napier to upgrade the screening services they employ with Napier Client Screening. Latest Fintech Interview: Global Fintech Interview with Lisa Loud, CEO & Co-founder......
Helix Partners with Unit21 to Offer Comprehensive Fraud and Risk Management Solution for Fintechs
Partnership allows Helix Banking-as-a-Service customers to access Unit21’s pre-integrated infrastructure to effectively monitor and prevent fraudulent activity Helix by Q2, an award-winning, cloud-native core purpose-built for Banking-as-a-Service (BaaS), announced a new partnership with Unit21 to provide customers with Unit21’s fraud detection and investigation infrastructure, which identifies and prevents suspicious activity......
Wedge Announces Partnership With Visa to Power Spending Innovation
Wedge will launch new Visa debit cards to consumers in the US Wedge Financial, Inc., a fintech company that brings the power of the markets and programmable payments to everyday spending, is partnering with Visa to launch a debit card connected to the Wedge app, accelerating its mission to revolutionize......