Tag : AML

Blockchain DeFi Featured Finance Fintech Risk Management Robotic Process Automation

AML in DeFi: Can Smart Contracts Automate Compliance Without Centralization?

Fintech Staff Writer
by Fintech Staff Writer0
The rise of Decentralized Finance (DeFi) has revolutionized financial transactions, enabling users to trade, borrow, and lend assets without intermediaries. However, DeFi’s permissionless and pseudonymous nature poses significant challenges for Anti-Money Laundering (AML) compliance. Traditional financial institutions use centralized compliance mechanisms, such as Know Your Customer (KYC) checks and transaction......
Anti-money Laundering Pros Find Expanding Uses for AI. But Adoption Remains Slow.
Artificial Intelligence News Technology

Anti-money Laundering Pros Find Expanding Uses for AI. But Adoption Remains Slow.

PR Newswire
by PR Newswire0
Global ACAMS survey by SAS and KPMG reflects that AI and ML integration is on the way – but won’t happen overnight Using AI technology in anti-money laundering (AML) processes has become critical for financial institutions as they work to comply with regulations and combat financial crime. Even so, a......
PhotonPay Enhances Global Payment Solutions with Robust Compliance and Risk Solutions
Artificial Intelligence Finance Fintech News Risk Management

PhotonPay Enhances Global Payment Solutions with Robust Compliance and Risk Solutions

PR Newswire
by PR Newswire0
Fintech compliance is an increasingly important aspect of the financial industry. As the fintech industry continues to grow and evolve, so do the demands for regulatory compliance. PhotonPay, a leading digital financial infrastructure provider, drives innovation through global licenses, strategic partnerships with top financial institutions, and local teams delivering secure......
AML RightSource Announces the Appointment of Steve Meirink as CEO
Digital Payments Finance Fintech News

AML RightSource Announces the Appointment of Steve Meirink as CEO

PR Newswire
by PR Newswire0
AML RightSource, the global leader in financial crime compliance solutions, today announced the appointment of Steve Meirink as the company’s new Chief Executive Officer, effective immediately, and that he has been named to the Board of Directors. Meirink succeeds Frank Ewing, whose transformative 15-year tenure propelled AML RightSource into a global industry leader.......
UPAY Inc. Strengthens Portfolio with AML GO (Pty) Ltd Acquisition
Finance Fintech News

UPAY Inc. Strengthens Portfolio with AML GO (Pty) Ltd Acquisition

PR Newswire
by PR Newswire0
UPAY Inc., a leading fintech corporation, has acquired a controlling stake in AML GO (Pty) Ltd (“AML GO”), a prominent Anti-Money Laundering company based in South Africa. Following negotiations, UPAY signed a Shareholders Agreement with other stakeholders in AML GO, securing a 51% ownership in the company. This strategic move......
Compliance management Fintech Primers Recommended

What Is Anti-Money Laundering?

Pooja Choudhary
by Pooja Choudhary0
Fintech has experimented with its magic wand in various fields, so how can we corner the money laundering aspect? Criminals’ efforts to launder cash are continuing to shift towards digital currency as its circulation grows. Also, traditional anti-money laundering is being gradually replaced by electronic anti-money laundering (transaction laundering). Let’s......
Banking Compliance management Consumer protection laws Digital Featured Fintech Primers

A Complete Overview Of Decentralized KYC Solutions

Pooja Choudhary
by Pooja Choudhary0
Social media and trade journals may seem to be awash in trends, but it takes time to sift through everything to find the ones that matter. This blog shall enlighten the KYC market, its data, and new tech of eKYC and digital solutions thereby in the decentralized market scenario. KYC......
Beosin and Art de Finance Form Partnership to Enhance Blockchain Security for Digital Art Stability
Blockchain News

Beosin and Art de Finance Form Partnership to Enhance Blockchain Security for Digital Art Stability

GlobeNewswire
by GlobeNewswire0
Art de Finance and Beosin Agree to a Partnership, Accelerating the Adoption of Blockchain to Secure the Stability of Digital Art Art de Finance, which is building a blockchain-based Digital Renaissance art infrastructure, and Beosin, a blockchain security company, have entered into a strategic partnership. Through this agreement, they will......
Compliance management Featured Fintech Fintech Primers Fintech Radar

How To Leverage Fintech To Combat Money Laundering

Pooja Choudhary
by Pooja Choudhary0
Fintech has experimented with its magic wand in various fields, so how can we corner the money laundering aspect? In this blog we shall be covering how fintech is leveraged to combat money laundering or in other words we can say how fintech is used to fight for AML in......
B2B Commerce Fintech News Technology

Liminal Wallet Infrastructure & Custody Solutions Releases Significant Platform Improvements To Help Web3 Companies Satisfy PMLA Requirements

Fintech Staff Writer
by Fintech Staff Writer0
Liminal, a leading wallet infrastructure & custody solutions platform, launched its latest platform update to help web3 businesses in India comply with the Prevention of Money Laundering Act, 2002 (PMLA). Indian PMLA guidelines took effect on March 10, 2023. These guidelines require businesses to follow the Travel Rule, Transaction Monitoring,......
1