How AI is reshaping AML to target drug trafficking
Canada’s ongoing battle with fentanyl trafficking has taken a dramatic turn in recent years, with growing pressure on both borders and financial systems. In 2024 alone, authorities reported significant seizures of fentanyl moving between Canada and the US—10.8lbs entering from the US and 32.1lbs flowing the other way. These figures sparked diplomatic and economic fallout, including a 25% US tariff on Canadian goods imposed in March 2025.
How financial institutions can improve their fight against scams
Scams are not a new threat; they have coexisted with the financial market since its beginnings. The earliest scam is estimated to have been in Ancient Greece and since then they have evolved to become so highly sophisticated that stopping them has become a Sisyphean task.
ANZ rolls out password-less web banking to fight scams and boost digital security
ANZ is set to become the first bank in Australia to launch a completely password-free web banking experience, with the rollout of Password-less Web Banking for its digital platform, ANZ Plus, expected in mid-2025.
Why FIs and FinTechs need to rethink the strategy to combat scams
While people are very aware of the threat of scams, these unique threats continue to succeed and impact consumers and their financial institutions.
The rising threat of money mules and how AI is helping banks fight back
In 2024, Nasdaq reported that more than $3.1tn in illicit funds circulated through the global financial system, with much of it hidden using so-called ‘money mules’.
UK AI FinTech Quantexa secures $175m Series F to fuel North American growth
Quantexa, a global provider of AI-driven decision intelligence solutions, has successfully closed a $175m Series F funding round.
LIFE CARD and IDEX Biometrics to debut biometric payment cards in Japan
LIFE CARD, one of Japan’s innovative credit card issuers, has partnered with IDEX Biometrics to introduce biometric payment cards to the Japanese market.
RegTech startup Adclear secures £510k to automate FCA marketing compliance for FinTechs
Adclear, a RegTech startup focused on automating marketing compliance for FinTech companies, has secured £510,000 in pre-seed funding.
KYC Portal CLM partners with PwC to enhance compliance and risk management
KYC Portal CLM has announced a strategic collaboration with PwC United Kingdom (UK) and PwC Channel Islands (CI), combining their expertise to deliver enhanced value for organisations worldwide.
Tietoevry Banking secures European Payments Council approval for fraud prevention solutions
Tietoevry Banking has secured registration with the European Payments Council (EPC) to provide Routing and Verification Mechanisms (RVM) for Verification of Payee (VoP) solutions...
