Why AI-powered adverse screening should be core software for FI’s
As risks of financial crime continue to rise in the digital world, companies will need to improve the use of technology-powered solutions. Adverse media screening is of growing importance and can offer more than just security.
Can modern technology assist regulated institutions in their AML commitments?
Technology has the potential to combat money laundering and terrorist financing (AML/CFT) therefore making compliance faster, cheaper and more efficient, according to a new blog post by Sigma...
FCA provides warnings to banks over money laundering failings
The Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls.
Financial anti-crime startup Quantexa snags $153m to accelerate growth
UK-based Quantexa has raised $153m in a funding round led by Warburg Pincus along with a slew of undisclosed blue-chip investors as it seeks...
Blockpit nets $10m to support international expansion of crypto tax reporting service
Blockpit, which offers tax reporting and portfolio tracking services for cryptocurrency, has scored $10m in its Series A.
Kinectify teams with SCCG Management to bring AML and KYC to gaming
RegTech company Kinectify hopes to bring improved KYC and AML to the gaming industry through its new partnership with SCCG Management.
Hawk AI secures $10m in its Series A as it eyes international expansion
Hawk AI, an AI-powered anti-fraud solution, has closed its Series A on $10m, which it hopes will foster its international growth.
How long can WealthTech firms resist the crypto FOMO?
Global stockbrokers, neobankers and financial institutions are all slowly onboarding crypto into their asset portfolio and it's probably a matter of time before WealthTechs do the...
New York Racing Association extends contract with Alessa to boost its AML capabilities
Racing organisation and gaming facility New York Racing Association (NYRA) has extended its contract with AML compliance solution provider Alessa for sanctions screening, transaction monitoring...
How Quantifind helps to improve adverse media screening
Adverse media screening is a grey area. It is not particularly clear if it is a legal requirement, but some banks have been flagged for engaging with illicit people, which a simple adverse media search would have told the bank not to engage that person.
