Outdated understandings of money laundering risk and legacy screening tools are leaving FIs vulnerable
Companies need to rapidly evolve their understanding of money laundering risk to more effectively manage their vulnerabilities according to Stephen Platt, Chairman and CEO at KYC Global Technologies.
New Zealand’s FMA reveals new focuses for AML/CTF
New Zealand’s Financial Markets Authority (FMA) will increase reviews on independent audits as well as client onboarding and account monitoring processes.
Zwipe launches new European tech hub in Germany
Norway-headquartered Zwipe has launched a new European tech hub in Germany and hired Dr. Robert Mueller as its new chief technology officer.
SentiLink said to raise $14m in Series A round
SentiLink, an online fraud protection platform, has reportedly raised $14m in its Series A round.
The UK’s finance industry prevented a total loss of £1.66bn in fraud
The UK’s finance industry prevented a total of £1.66bn in fraud during 2018; however, £1.2bn was still stolen by criminals during the same period, a new study from UK Finance finds.
Skymind scores $11.5m in its Series A round led by TransLink
Skymind, an AI-powered data science company, has scored $11.5m in its Series A round of funding.
TigerGraph launches new tech to boost fraud detection
TigerGraph has released its new technology which combines graph pattern matching with real-time deep link analytics to boost fraud detection and cyber protection.
Delta Capita, JJCFinTech partner for KYC/AML solution
Delta Capita, JJCFinTech have formed a strategic joint venture partnership specialising in KYC/AML, regulatory, tax and compliance services.
FSS launches new risk-based solution to improve payment security
FSS (Financial Software and Systems), a provider of digital payment technology has released a new risk-based authentication solution to improve online transaction security.
IDB Bank picks NICE Actimize to bolster AML processes
Autonomous financial crime management company NICE Actimize has been selected by Israel Discount Bank of New York (IDB Bank) to aid its AML processes.