Bleckwen launches from stealth, to reveal $10m investment close
Bleckwen, which leverages real-time behavioural analytics platform to detect fraud in payments, has come out from stealth, revealing the close of a $10m funding round.
Ocrolus nets $24m Series B to help expand into new verticals
Ocrolus, which automatically analyses financial documents, has bagged $24m in its Series B, supporting its expansion into new verticals.
The People’s Bank of China reportedly looking to collaborate globally to combat money laundering
The People’s Bank of China (PBOC) is reportedly looking to improve its cross-border cooperation with countries around the world to combat money laundering.
TypingDNA partners with XTN Security to help banks comply with PSD2
TypingDNA has partnered with cybersecurity startup XTN Security to help banks better defend themselves from fraud threats.
GIACT Systems teams with Equifax to bolster fraud prevention
Identification and authentication platform GIACT Systems has formed a strategic partnership with Equifax to improve fraud prevention for customers.
The FCA fines Bank of Scotland £45.5m for failing to report fraud suspicions
The Financial Conduct Authority (FCA) has fined Bank of Scotland (BOS) £45.5m for failing to disclose information on fraud suspicions.
Capnovum joins PwC’s inaugural LegalTech accelerator
Compliance management platform Capnovum has been selected by PwC’s new to join the 10-week scaleup accelerator.
Visa’s advanced authorisation technology has prevented $25bn in annual fraud
Visa has revealed its advanced authorisation technology, which is powered by AI, has helped institutions prevent around $25bn in annual fraud, according to its latest analysis.
BITPoint LatAm boosts AML and KYC with IdentityMind partnership
BITPoint LatAm, a crypto to fiat exchange platform, has partnered with IdentityMind to support its AML and KYC processes in Latin America.
Specific exemptions in data sharing restrictions for AML would help combat occurrence rates
Data protection is great for society, but it can hinder a bank’s ability to detect and prevent money laundering, according to Markus Schulz, global head of Financial Crime Compliance Controls at Standard Charted Bank.
