Search Results for: money laundering

The Elusive Journey Towards AI and Digital Mastery
Artificial Intelligence Big Data Guest Posts

Big Finance, Bigger Challenges: The Elusive Journey Towards AI and Digital Mastery

Manish Sood
by Manish Sood0
The buzz around AI is pervasive, compelling financial institutions across all sectors to swiftly adopt its applications. However, given the global economy’s continued volatility and the challenges many companies face with digital transformation, there’s a compelling argument for caution. Moreover, it’s crucial to emphasize that a solid data strategy should......
GLN Enables Instant Cross-border Digital Remittances to All Domestic Bank Accounts in Korea
Fintech News

GLN Enables Instant Cross-border Digital Remittances to All Domestic Bank Accounts in Korea

PR Newswire
by PR Newswire0
GLN International, a subsidiary of Hana Bank, (GLN) has recently announced the launch of cross-border remittance service; offering instant, secure, and inexpensive money transfers from abroad to all domestic bank accounts in Korea. The service is aimed to benefit Korean residents, international students, and other remittance customers residing overseas. In collaboration......
CEX.IO Partners With Chainalysis to Enhance Platform Security
Cryptocurrency DeFi News

CEX.IO Announces Expansion Into, Dedicated MLRO Hire for Lithuania

GlobeNewswire
by GlobeNewswire0
The region will service retail and institutional clients, and seek to align the company’s EU presence in accordance with new Markets in Crypto-Assets (MiCA) legislation CEX.IO, a global ecosystem of products and services that connects people and businesses to the cryptocurrency economy and decentralized finance (DeFi), is expanding its services......
Dock Expands Range of Technology Options for Fraud Prevention
Banking Machine Learning News

Dock Expands Range of Technology Options for Fraud Prevention

PR Newswire
by PR Newswire0
Feedzai’s application of AI and machine learning models will be accessible to Dock customers of all sizes; cloud-first model facilitates access to cutting-edge technology in all Latin American countries Dock, a B2B leader in payments and banking technology in Latin America, announced a partnership with Feedzai, a global leader in fraud and money......
SDX Sets Industry Standard With the Adoption of the Digital Token Identifier Standard for All Its Services
Cryptocurrency News

SDX Sets Industry Standard With the Adoption of the Digital Token Identifier Standard for All Its Services

PR Newswire
by PR Newswire0
SDX becomes the first private distributed ledger technology (DLT) based financial market infrastructure to adopt The Digital Token Identifier Foundation (DTIF) managed ISO 24165 DTI standard. The financial industry is increasingly adopting the DTI ISO standard, a unique identifier for digital ledgers, tokens, and cryptocurrencies. Regulators can utilize DTIs to watch digital asset trades,......
Rising Threat of AI-driven Fraud
Artificial Intelligence Guest Posts

Rising Threat of AI-driven Fraud

Tamas Kadar
by Tamas Kadar0
AI is rapidly evolving to benefit almost every aspect of our lives. Unfortunately, that includes the lives of criminals. Thanks to widely available AI programs with the power to both create and alter content, fraudsters now have a range of tricks up their sleeves. They use them in simple or......
LexisNexis Risk Solutions Ranks as Functionality Standout in 2023 Celent AML Transaction Monitoring Report
Compliance management Finance News

LexisNexis Risk Solutions Ranks as Functionality Standout in 2023 Celent AML Transaction Monitoring Report

PR Newswire
by PR Newswire0
LexisNexis RiskNarrative Ranked as a Leader Among New Market Entrants LexisNexis Risk Solutions announced its LexisNexis RiskNarrative platform ranked as a Functionality Standout in Celent’s 2023 AML (anti-money laundering) Transaction Monitoring (TM) Report. Celent evaluated 40 software providers worldwide with the final report featuring 17 profiled vendors. Celent used its proprietary ABC methodology to......
Analytics Artificial Intelligence Featured Finance Fintech Primers

AI Dynamics In Financial Services- WEF

Pooja Choudhary
by Pooja Choudhary0
In this data-rich industry, every aspect of AI dynamics matters. There are several uses for AI in the financial sector. Perhaps the greatest benefit of artificial intelligence is the vast potential for automation it offers. Therefore, financial institutions may benefit from automation in many ways that boost production and efficiency.......
Wirex Selects Sumsub For Virtual Asset Travel Rule Compliance and Transaction Monitoring Solutions
Digital Payments News

Wirex Selects Sumsub For Virtual Asset Travel Rule Compliance and Transaction Monitoring Solutions

PR Newswire
by PR Newswire0
Wirex partners with Sumsub to ensure regulatory compliance with upcoming virtual asset service provider (VASP) Travel Rule obligations and ongoing transaction monitoring A digital payment company Wirex has partnered with Sumsub, a global full-cycle verification platform. Sumsub will provide Wirex with its Transaction Monitoring capabilities, Travel Rule compliance solutions for......
DataVisor Releases New Fraud Solution to Address Real-Time Payments Fraud
Digital Payments Machine Learning News

DataVisor Releases New Fraud Solution to Address Real-Time Payments Fraud

Business Wire
by Business Wire0
DataVisor, the world’s leading AI-powered fraud and risk platform, announced the release of its newest solution to prevent instant payments fraud as the FedNow Service expands instant payments options. DataVisor’s Real-Time Payments Fraud Solution leverages rich account life-cycle signals, advanced machine learning techniques and prebuilt rules that have been tested......
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