Tag : financial crime

BioCatch Releases Inaugural Annual Report on AI's Impact on Digital Fraud and Financial Crime
Finance Fintech News

BioCatch Releases Inaugural Annual Report on AI’s Impact on Digital Fraud and Financial Crime

PR Newswire
by PR Newswire0
Survey of 600 Fraud-Fighters in 11 Countries on Four Continents Shows Paradox of Financial Institutions Already Using AI Tools to Defend Themselves as Criminals Launch AI-Super-Charged Attacks Nearly 70% of the 600 fraud-management, anti-money laundering, and risk and compliance officials surveyed in BioCatch’s first-ever AI-focused fraud and financial crime report say criminals are more......
APPRO-Extends-Partnership-With-Silent-Eight-To-Enhance-Their-Already-World-Class-Compliance-Offerings
Banking Fintech News

APPRO Extends Partnership With Silent Eight To Enhance Their Already World-Class Compliance Offerings

PR Newswire
by PR Newswire0
APPRO, a digital powerhouse that simplifies the onboarding journey in retail banking, proudly announces the successful expansion of its strategic partnership with Silent Eight, marking a continuation of their shared commitment to accuracy, efficiency and real-time decision-making capabilities in their Name Screening programs. Silent Eight enables the fight against financial......
BioCatch Partners With Google Cloud
Banking News

BioCatch Partners With Google Cloud

Fintech News Desk
by Fintech News Desk0
BioCatch’s next-generation fraud-detection, scam-prevention, and anti-money-laundering solutions help banking and financial services organizations combat increasingly sophisticated digital financial crime. BioCatch, a leading force in the realm of digital fraud detection and financial crime prevention through behavioral biometric intelligence, has unveiled a strategic collaboration with Google Cloud. This partnership aims to......
Silent Eight Announces Expansion of Partnership with HSBC To Provide Transaction Screening Solutions
Fintech News

Silent Eight Announces Expansion of Partnership with HSBC To Provide Transaction Screening Solutions

PR Newswire
by PR Newswire0
This expansion will improve the bank’s compliance operations. Silent Eight’s solutions underpin HSBC’s dedication to advance automation and digital enablement. Silent Eight, a leading Regtech firm specialising in partnering with major financial institutions to drive efficiency, increased accuracy and adaptability within their financial crime programmes, announced the expansion of its......
Study Reveals Annual Cost of Financial Crime Compliance Totals $61 Billion in the United States and Canada
Compliance management News

Study Reveals Annual Cost of Financial Crime Compliance Totals $61 Billion in the United States and Canada

PR Newswire
by PR Newswire0
True Cost of Financial Crime Compliance Study Reveals Organizations Prioritizing Cost Reduction While Ensuring Regulatory Adherence Financial crime compliance costs have risen for 99% of financial institutions 70% of financial institutions prioritize cutting compliance costs in next 12 months Cryptocurrencies and AI techniques are now being adopted by criminals as tools......
International Education Financing Spurs Campus Diversity and Global Economic Growth
Fintech News

International Conflict and Emerging Technologies Drive ComplyAdvantage Experts’ FinCrime Trends

PR Newswire
by PR Newswire0
ComplyAdvantage announced the four trends it believes will shape the financial crime landscape in 2024. Following conversations with regulators, industry leaders, and innovative financial institutions worldwide, the company’s team of regulatory affairs experts predict that the next 12 months will be defined by significant challenges posed by technology and international......
Socure Launches the Industry's Most Accurate Synthetic Fraud Solution
Artificial Intelligence Fintech News

Socure Launches the Industry’s Most Accurate Synthetic Fraud Solution

PR Newswire
by PR Newswire0
Sigma Synthetic Fraud v4 Includes “Proof of Life” Data Sources, Adding a New Level of Accuracy that Stops the Fraud Before it Can Enter the Digital Economy Socure, the leading provider of Artificial Intelligence for digital identity verification, fraud prevention, and sanctions screening has launched Sigma Synthetic Fraud v4. The product uses advanced machine learning and diverse, third-party and network......
Artificial Intelligence to Dominate Financial Innovation
Artificial Intelligence Guest Posts

Artificial Intelligence Sets Up to Dominate Financial Innovation

Abid Ali
by Abid Ali0
AI is already taking the mainstream markets by storm. It is, however, poised to revolutionise digital finance in profound ways. It will be the driving force behind a host of transformative changes, from enhancing customer experiences to improving operational efficiency and risk management. AI-powered chatbots and virtual financial assistants will......
Refine Intelligence Launches with $13 Million Seed Funding to Transform Anti-Money Laundering by "Catching the Good Guys"
Fintech Funding News

Refine Intelligence Launches with $13 Million Seed Funding to Transform Anti-Money Laundering by “Catching the Good Guys”

PR Newswire
by PR Newswire0
Refine helps financial institutions recognize customers’ life stories and identify legitimate activities, so they can quickly clear away false alarms Refine Intelligence, the pioneer in Financial Crime Greenflagging, launched with a $13 million seed funding round led by Glilot Capital Partners and Fin Capital with participation from SYN Ventures, Valley Ventures......
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......
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