Tag : money laundering
CSI Banking Priorities Executive Report Reveals Bankers Will Deploy Customer-Centric Features for Retention in 2023
61% of survey respondents will invest in new digital technology, with a focus on digital account opening, data analytics and reporting, and others Computer Services, Inc. (CSI), a leading provider of end-to-end fintech and regtech solutions, released its eighth-annual Banking Priorities Executive Report. The report is based on the company’s......
Binance Joins the ACSS to Further Compliance Standards Within the Crypto Industry
Binance, the global blockchain ecosystem behind the world’s largest digital asset exchange, announced that it has joined the Association of Certified Sanctions Specialists (ACSS), the world’s only organization bringing together sanctions compliance professionals. ACSS, established in 2018, provides high-quality education and benefits to its members. Binance is the first crypto exchange to formally......
HSBC and Silent Eight Expand Machine Learning Partnership
Silent Eight announced an extension to its existing partnership with HSBC to tackle financial crime. The new service will cover the deployment of Negative News Screening that leverages machine learning to identify individuals who pose a greater risk for money laundering, fraud or terrorist financing. As financial crime continues to......
Bybit Strengthens Compliance and Risk Processes
Company keen on a responsible and well-regulated crypto market Bybit, the world’s third most visited crypto exchange, has announced it is enhancing its risk management controls as part of the company’s continued efforts to ensure the most secure environment for its customers and increase the resiliency of its platform. The enhanced......
TRM Announces Launch of Beacon Network to Accelerate Recovery of Stolen Crypto Funds
Network facilitates real-time communication between law enforcement and crypto platforms during hacks and other critical incidents TRM Labs, the leader in blockchain intelligence solutions, announced the launch of the Beacon Network, the first public-private communication network for Web3 incident response. The Network connects law enforcement investigators with cryptocurrency exchanges and......
Giant Oak Releases New Updates to GOST, Enhancing Risk Assessment to Identify Corruption, Terrorism, Money Laundering, and Other Illicit Activities
The newest iteration of GOST (Giant Oak Search Technology) features a 200% increase in precision, gives analysts more data, and allows for more customization Giant Oak, a leader in the application of artificial intelligence and machine learning for the compliance and risk needs of business and government, today announces updates......
Bryan Bishop Teams Up With Shyft Network To Lead Global Security Efforts
Shyft Network, a public protocol designed to validate identity and power compliance directly into blockchain data, announced that Bryan Bishop, a renowned Bitcoin core developer, technologist, and veteran of the blockchain industry, is teaming up with Shyft’s core development team to collaborate on strengthening the global network security, scalability, and......
PMI Américas Selects ThetaRay for Its Advanced Transaction Monitoring Solution
AI-powered SaaS solution will boost PMI revenue opportunities and customer service ThetaRay, a leading provider of AI-powered transaction monitoring technology, announced that PMI Américas, a leading global payment services provider, has chosen ThetaRay’s AI-based SONAR SaaS solution to monitor global cross-border payments on PMI’s platform. SONAR’s ability to detect the......
Checkout.com to Acquire ubble to Increase Trust and Safety in the Digital Economy
Global payments provider announces intent to acquire French identity verification startup, increasing trust and safety as digital economy continues to grow As part of its drive to expand its financial services offering, global cloud-based payments provider Checkout.com announced its intent to acquire digital identity verification (IDV) startup, ubble. The deal—slated to close......