Tag : financial crime prevention

Sigma360 Secures $17MM Series B to Scale AI-Powered Financial Crime Prevention and Compliance
Compliance management Finance News

Sigma360 Secures $17MM Series B to Scale AI-Powered Financial Crime Prevention and Compliance

PR Newswire
by PR Newswire0
New funding fuels platform innovation and expansion of trusted enterprise risk intelligence, AML and KYC solutions for financial institutions and fintechs worldwide Sigma360, the full-stack AI platform for risk intelligence, financial crime prevention and compliance, announced an oversubscribed $17.3MM Series B funding round led by Moderne Ventures with participation from Vocap Partners and Orrick, as......
Finastra Partners with FraudAverse to Deliver AI-Powered, Real-Time Fraud Prevention for Global Payments
Digital Payments Finance News

Finastra Partners with FraudAverse to Deliver AI-Powered, Real-Time Fraud Prevention for Global Payments

PR Newswire
by PR Newswire0
Collaboration provides emerging threat protection and reduces operational costs via Finastra’s Financial Messaging platform Finastra, a global leader in financial services software, announced its partnership with FraudAverse, a global leader in financial crime prevention and fraud detection. The collaboration brings an advanced, AI-driven fraud prevention solution to Finastra’s Financial Messaging......
The UK draws the line on AI in financial crime
Artificial Intelligence Compliance management Finance Fintech Guest Posts Investments

The UK draws the line on AI in financial crime

Andy Renshaw
by Andy Renshaw0
For much of the past decade, the financial services sector has framed artificial intelligence as an innovation story. Faster detection, smarter models, fewer false positives with all compelling benefits in a landscape overwhelmed by fraud and financial crime. But the UK Treasury Committee’s recent call for AI stress testing signals......
Lucinity and PwC Collaborate to Simplify AI Integration for Compliance Teams
Compliance management Fintech News

Lucinity and PwC Collaborate to Simplify AI Integration for Compliance Teams

GlobeNewswire
by GlobeNewswire0
Lucinity, a leader in AI-powered financial crime prevention, is working with PwC Denmark to streamline AI adoption for compliance teams. This collaboration embeds AI-driven solutions into financial crime workflows, boosting efficiency, automating manual tasks, and enhancing decision-making for financial institutions. Financial institutions face mounting regulatory scrutiny over money laundering, fraud, and sanctions......
Feedzai IQ Defends Banks Against AI-Driven Fraud With Privacy-Preserving Network Intelligence
Artificial Intelligence Fintech News

Feedzai IQ Defends Banks Against AI-Driven Fraud With Privacy-Preserving Network Intelligence

Business Wire
by Business Wire0
Feedzai, the global leader in AI-native financial crime prevention, announced the launch of Feedzai IQ, a new family of solutions that enables network fraud intelligence without compromising customer privacy. Leveraging insights from hundreds of financial institutions across four continents and over $8 trillion in annual payment volume encompassing RTP, transfers,......
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How FinTechs Are Using AI for Smarter AML Surveillance

Fintech Staff Writer
by Fintech Staff Writer0
The fight against money laundering has never been more critical. As financial crime grows more sophisticated, so must the tools used to combat it. Traditional anti-money laundering (AML) systems, largely dependent on rule-based approaches, struggle with high volumes of false positives—wasting resources and delaying legitimate transactions. Artificial intelligence (AI) is......
Feedzai: More Than 50% of Fraud Driven by AI and Hyper-Realistic Impersonations, but Banks Also Use Generative AI to Fight Back
Analytics Artificial Intelligence Fintech News

Feedzai: More Than 50% of Fraud Driven by AI and Hyper-Realistic Impersonations, but Banks Also Use Generative AI to Fight Back

Business Wire
by Business Wire0
Feedzai, the global leader in AI-native financial crime prevention, released its 2025 AI Trends in Fraud and Financial Crime Prevention report, uncovering how generative AI (GenAI) is used in financial fraud. “Today’s scams don’t come with typos and obvious red flags—they come with perfect grammar, realistic cloned voices, and videos of......
Global Financial Crime Prevention Leader Feedzai Acquires Demyst to Break Down Data Silos and Accelerate Risk Decisions
Finance Fintech News Risk Management

Global Financial Crime Prevention Leader Feedzai Acquires Demyst to Break Down Data Silos and Accelerate Risk Decisions

PR Newswire
by PR Newswire0
Feedzai, the global leader in fraud and financial crime prevention, today announced that it has acquired Demyst, including its Zonic data workflow orchestration platform, intellectual property, and sophisticated data-integration capabilities. This strategic move is part of Feedzai’s vision to unify data orchestration and risk management into a single platform, providing financial institutions with......
AML RightSource Names Jennie Jonas as Senior Vice President of Financial Crimes Advisory
Fintech News Risk Management

AML RightSource Names Jennie Jonas as Senior Vice President of Financial Crimes Advisory

PR Newswire
by PR Newswire0
Jonas brings 20 years of expertise to AML RightSource’s financial crime leadership in tackling financial crime and regulatory complexities AML RightSource, a global leader in technology-led managed services for financial crime prevention, announced the appointment of Jennie Jonas as Senior Vice President of Financial Crimes Advisory. With over two decades......
90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds
News Risk Management

90% of Americans Worry About Rise in Fraud, 74% Think AI Will Increase Successful Fraud Attempts, Abrigo Survey Finds

Business Wire
by Business Wire0
2024 Abrigo Fraud Survey shows half of Americans are “extremely concerned” about fraud, misconceptions about recoverability persist, and majority (71%) worry about money laundering Abrigo, a leading provider of financial crime prevention and risk management solutions for U.S. financial institutions, announced compelling new survey results revealing how Americans feel about......
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