AI Federated Learning: Transforming the approach to combat financial crime
Less than 1% of actual illicit transactions are detected globally. This startling statistic exposes the vulnerabilities of financial firms to increasingly sophisticated criminal networks,...
How continuous KYC can stop 75% of undetected money mules
Synectics has unveiled findings from A research project that underscores the importance of perpetual AML checks for detecting money mule activities effectively.
Customs Window secures €800k to enhance RegTech solutions
Customs Window Technologies, an Irish RegTech startup established in 2022, has successfully closed an €800k seed funding round.
Kaizen secures £42m in first external funding round led by Guidepost Growth Equity
Kaizen has successfully completed its first external funding round, securing a £42m investment from Guidepost Growth Equity.
FCA unveils measures to enhance transparency and support investment growth
The FCA has announced a comprehensive suite of measures aimed at reinforcing the UK's position as a frontrunner in the financial markets, specifically focusing on the bond, derivatives, and asset management sectors.
How will the new APP scam protections impact APP fraud?
A big challenge currently in the financial industry is the rise of authorised push payment fraud (APP). The Payment Systems Regulator (PSR) recently introduced new legislation on 7 October to combat this. How will this legislation impact fraud in authorised push payments?
Business Systems, Teneo.ai team to transform contact centres with Voice AI
Business Systems, a frontrunner in CX and contact centre solutions, alongside Teneo.ai, a leader in conversational AI orchestration, have declared a strategic alliance to revolutionise contact centres with Voice Automation and Gen AI technologies.
GLEIF and Finbridge Global forge new path in FinTech identity verification
GLEIF and Finbridge Global are setting a new benchmark in identity verification within the FinTech sector.
Established by the Financial Stability Board in June 2014...
Consumer advocates demand tougher oversight on Bank-FinTech partnerships
In a bid to protect consumers, the AFREF and the CFA have issued a call for stringent supervision over partnerships between banks and FinTech companies.
MAP FinTech, Your Bourse link to offer brokers cutting-edge compliance and trading solutions
MAP FinTech has joined forces with Your Bourse, a leader in trading infrastructure and liquidity management solutions.
