Tag : money laundering

Financial Expert Implores Industry Regulators to Reevaluate Anti-Money Laundering Initiatives
Finance Fintech News

Financial Expert Implores Industry Regulators to Reevaluate Anti-Money Laundering Initiatives

PR Newswire
New book shares the societal impacts of dirty money, and suggests that more could be done to prevent it After more than 20 years in the financial industry, Dawn Pretorius believes that the current anti-money laundering initiatives are not enough to deter or punish criminals. In her newest book, “The Shepherds of......
DataVisor Releases New Fraud Solution to Address Real-Time Payments Fraud
Digital Payments Machine Learning News

DataVisor Releases New Fraud Solution to Address Real-Time Payments Fraud

Business Wire
DataVisor, the world’s leading AI-powered fraud and risk platform, announced the release of its newest solution to prevent instant payments fraud as the FedNow Service expands instant payments options. DataVisor’s Real-Time Payments Fraud Solution leverages rich account life-cycle signals, advanced machine learning techniques and prebuilt rules that have been tested......
Mitigating Risk Through Continuous Monitoring Of Crypto Transactions
Cryptocurrency Guest Posts

Mitigating Risk Through the Continuous Monitoring of Crypto Transactions

Luz Mabel del Valle
Currently, the global market for cryptocurrency is valued at $1.14 trillion. The growing adoption is strikingly evident in the number of institutional players entering the arena. However, the innovation that has sparked the global rise of crypto has also provided a doorway for criminal exploitation. The speed and anonymity that......
Grant Thornton Survey: Global Sanctions Continue to Pose Significant Challenges for Financial Institutions
Compliance management News

Grant Thornton Survey: Global Sanctions Continue to Pose Significant Challenges for Financial Institutions

Business Wire
76% of financial institutions are experiencing enhanced regulatory scrutiny related to sanctions Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has released its first-ever Global Sanctions Compliance survey. The survey canvassed decision makers at nearly 300 financial institutions around the world to understand how they are responding......
Qi Blockchain Sets Strategic Course to be the Preeminent Global Payment Rail
Blockchain News

Qi Blockchain Sets Strategic Course to be the Preeminent Global Payment Rail

GlobeNewswire
London-based Qi Blockchain aims to revolutionize finance with enhanced speed, affordability, privacy, and security as the most efficient payment rail worldwide Qi Blockchain, an innovator in the field of blockchain-based payment solutions, announces its robust plan to transform the financial industry by capitalizing on the unique potential of blockchain technology.......
Sylq Selects ThetaRay AI to Automate AML Transaction Monitoring and Customer Screening
Digital Payments Fintech News

Sylq Selects ThetaRay AI to Automate AML Transaction Monitoring and Customer Screening

Business Wire
Paris-based fintech adopts ThetaRay’s AI-powered AML transaction monitoring and customer screening solution to boost the onboarding process Sylq, the French e-payments leader, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, announced a new collaboration to implement high-performance AI transaction monitoring and automated customer screening to support company growth. “ThetaRay’s sophisticated......
DCI and DataVisor Team Up to Help Banks Fight Fraud
Banking Mobile Banking News

DCI and DataVisor Team Up to Help Banks Fight Fraud

PR Newswire
Financial fraud has increased substantially as the trend towards mobile banking and digitization accelerates. In 2022 alone, the Federal Trade Commission received over 1.1 million reports of identity theft and over 440,000 reports of credit card fraud. To help banks detect and mitigate fraud proactively, DCI (Data Center Inc.) –......
Unlocking The Power Of KYC For Smart Banking Service Providers
Artificial Intelligence Banking Featured Fintech Primers

Unlocking The Power Of KYC For Smart Banking Service Providers

Pooja Choudhary
While your social media feed and industry publications often seem flooded by plenty of trends, it’s time-consuming to comb through each of these resources and identify trends. This blog shall enlighten KYC market, its data and new tech of eKYC and the digital solutions thereby. KYC has been harnessing technology......
VigiPay of Nigeria Selects ThetaRay AI Solution for AML Monitoring
Digital Payments News

VigiPay of Nigeria Selects ThetaRay AI Solution for AML Monitoring

Business Wire
Lagos-based payment fintech upgrades to AI-powered system for advanced detection of money-laundering and sanctions list violations VigiPay, a Nigerian fintech providing digital payment services, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, announced they will collaborate to protect VigiPay’s growing business against money laundering, sanctions violations, and other financial......
1