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.
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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