Tag : financial crime prevention

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,......
Artificial Intelligence Cloud Featured Finance Fintech Machine Learning Risk Management Robotic Process Automation Security

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......
Lucinity Partners with Knights Analytics to Elevate AI-Driven Data Quality and Analysis for FinCrime Compliance
Artificial Intelligence Business Fintech News Security

Lucinity Partners with Knights Analytics to Elevate AI-Driven Data Quality and Analysis for FinCrime Compliance

PR Newswire
by PR Newswire0
Lucinity has announced a strategic partnership with Knights Analytics to enhance its financial crime compliance platform with advanced AI data management capabilities. This collaboration will unify customer data, improve data quality, and enable advanced Generative AI analysis within Lucinity’s solutions. Knights Analytics specializes in combining graph analytics and AI for connecting data, helping......
Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation
Fintech News

Permira to Acquire Majority Position in BioCatch at $1.3bn Valuation

PR Newswire
by PR Newswire0
Permira Growth Opportunities Transaction builds on initial minority investment made in early 2023 to acquire a majority position and support BioCatch’s accelerated growth within online fraud detection and financial crime prevention BioCatch (the “Company”), the global leader in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence,......
BioCatch Releases 2024 Digital Banking Fraud Trends in EMEA
Banking News

BioCatch Releases 2024 Digital Banking Fraud Trends in EMEA

Fintech News Desk
by Fintech News Desk0
Study reveals rise in social engineering scams and theft of devices as scammers adapt and innovate tactics – incorporating AI to target individuals. In a report released by BioCatch – the global platform in digital fraud detection and financial crime prevention powered by behavioral biometric intelligence – published findings showing......
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