RegTech Napier boosts expansion with second APAC office
Anti-financial crime compliance solutions provider Napier continued its aggressive global expansion by opening a second APAC office within 10 months.
ThetaRay nets $31m in fresh capital to help grow its market reach
ThetaRay, which claims to accelerate cross-border payments between banks whilst protecting them from financial crime, has netted $31m in funding.
How automation technology can help banks stop increasing their spend on compliance
The current way banks are handling money laundering alerts is not sustainable. If they do not want to continue rapidly expanding compliance teams each...
ClearBank partners with Napier to boost its AML and screening capabilities
Cloud-based clearing bank ClearBank tied up with AML/CTF and trade compliance tech provider Napier for its advanced transaction screening system in a bid to boost its security.
Why wire transfers are more popular with money launderers and fraudsters, Alessa analyses
Wire transfers have long been the tool of choice for money launderers and fraudsters and AML compliance and fraud professionals must understand how wire transfers work to mitigate these risks.
Payment giant Mastercard to buy digital ID firm Ekata for $850m
In a move to leverage on the increasing demand for companies in the digital security space, global payments processor Mastercard acquires Seattle startup Ekata for $850m.
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How can technology be used to reduce AML, anti-bribery and corruption incidents within financial...
Money laundering, bribery and corruption are still a pressing issue within financial institutions, but the best way to combat this is through solid operational risk management sponsored from the top.
Singapore branch of Swiss bank fined for breaching anti-money laundering requirements
The Singapore branch of the Swiss wealth manager Bank J Safra Sarasin (BJS) was fined $750,000 by the Monetary Authority of Singapore (MAS) for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.
How name science can improve the automation capabilities in AML and anti-fraud processes
Combating money laundering and fraud is a tall order and while AI technology is being utilised to improve the battle, leveraging name science is key to unlocking the technology’s full potential.
Encompass Corporation receives funding from private equity firm Beacon
KYC automation Encompass Corporation has received an investment from Boston-based private equity firm Beacon Equity Partners.
