Tag : financial crime

ComplyAdvantage Takes on Payment Fraud with New AI-powered Solution
Machine Learning News

ComplyAdvantage Takes on Payment Fraud with New AI-powered Solution

PR Newswire
by PR Newswire050
Fraud Detection uses innovative machine learning algorithms to identify and prevent transaction fraud Criminals have never had more avenues through which to defraud people. This has been fueled by the proliferation of technology ranging from instant messaging to new forms of remittance, like P2P and real-time payments. That’s why ComplyAdvantage,......
Cable Raises $11 Million to Automate Effectiveness Testing of Financial Crime Controls
Compliance management News

Cable Raises $11 Million to Automate Effectiveness Testing of Financial Crime Controls

Business Wire
by Business Wire066
Cable’s effectiveness testing platform is in demand by more customers, with regulatory scrutiny and volatility escalating across the banking landscape Cable, provider of the all-in-one financial crime effectiveness testing platform, raised an $11M Series A from Stage 2 Capital and Jump Capital, with ongoing involvement from previous investors CRV. The......
Mama Money and Incode Partnership Revolutionizes Customer Verification for Cross-Border Payments
Digital Payments News

Mama Money and Incode Partnership Revolutionizes Customer Verification for Cross-Border Payments

PR Newswire
by PR Newswire080
Incorporating robust, multinational identity verification to combat fraud and financial crime while improving the customer experience and scalability across EMEA  Mama Money, a rapidly growing fintech offering cross-border money transfers and banking services, and Incode, the global leader in revolutionary identity solutions, announced their partnership to bring advanced identity verification......
Alviere & Hawk AI Bring AI to the Global Battle Against Money Laundering
Finance News Technology

Alviere & Hawk AI Bring AI to the Global Battle Against Money Laundering

PR Newswire
by PR Newswire068
Hawk AI’s AML Solutions Elevate Anti-Money Laundering Technology in Alviere Embedded Finance Platform Alviere, the leading embedded finance platform provider, announced that it has selected Hawk AI, a leading global provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, as an AI-powered surveillance suite provider......
Castellum.AI Launches World’s First Free AML/KYC Check
Artificial Intelligence Compliance management News

Castellum.AI Launches World’s First Free AML/KYC Check

Business Wire
by Business Wire0105
In an industry first, compliance platform Castellum.AI empowers financial crime fighters globally with free AML/KYC screening Compliance platform Castellum.AI announced the release of its Free Anti-Money Laundering/Know Your Customer (AML/KYC) Check. Castellum.AI already has the most accurate, reliable and fastest risk data globally and this latest release allows for frictionless......
Deloitte and Riskified Partner to Help eCommerce Merchants Analyze Their Fraud Exposure Against Industry Benchmarks
E-commerce News Risk Management

Deloitte and Riskified Partner to Help eCommerce Merchants Analyze Their Fraud Exposure Against Industry Benchmarks

Business Wire
by Business Wire0129
Riskified, a leader in eCommerce risk intelligence, announced its partnership with Deloitte, a leader in fraud and financial crime advisory services, to empower merchants with real-time insight into how their chargebacks, approval rates and fraud costs compare to similar companies in their space. This benchmarking service is an industry first,......
ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training
Finance News Security

ACAMS Launches Scholarship Program for Korean Professionals Seeking Anti-Money Laundering Training

GlobeNewswire
by GlobeNewswire0154
CAMS Scholarship recipients will train on strategies to identify, trace, and report criminal activity threatening financial institutions across the globe As part of its efforts to support the fight against financial crime throughout the Asia Pacific region, ACAMS is launching a new scholarship program for South Korean compliance professionals seeking......
Banking Fintech Markets News

Unicorn Alloy, A US fintech Launches In UK

Fintech Staff Writer
by Fintech Staff Writer0164
Fraud is a more serious threat than ever before: 91% of financial institutions said that fraud has increased year-on-year, and 71% increased their spending on fraud prevention, according to recent Alloy data. In the UK alone, bank fraud cost consumers almost £610M in the first half of 2022. With Alloy,......
Crypto Payments Firm Ramp Partners With Cable for Financial Crime Compliance
Cryptocurrency Digital Payments News

Crypto Payments Firm Ramp Partners With Cable for Financial Crime Compliance

Fintech News Desk
by Fintech News Desk0152
Ramp selects Cable’s complete financial crime compliance effectiveness testing platform to enhance its market-leading compliance program Ramp is the leading builder of crypto payments infrastructure making Web3 easy and accessible and enabling its partners to accelerate mainstream adoption of their services. The company recently raised $70 million in Series B funding......
Hawk AI Accelerates Global Expansion With $17 Million Series B
Artificial Intelligence News

Hawk AI Accelerates Global Expansion With $17 Million Series B

Fintech News Desk
by Fintech News Desk0149
Hawk AI, Germany’s leading provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, announced $17M in Series B financing to accelerate product development and global expansion. The funding round was led by Sands Capital from Washington D.C., with participation from new and existing investors, including......
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