Understanding the 3 stages of money laundering: How AML integration protects businesses
Money laundering is a global issue, undermining economies and enabling illicit activities by disguising illegal funds as legitimate. This pervasive challenge affects financial institutions and high-risk industries, making Anti-Money Laundering (AML) measures essential to combat it effectively.
RegTech innovator RZOLUT secures $1.25m to revolutionise AML space
RZOLUT, a leading RegTech company specialising in financial crime and compliance solutions, has announced a successful funding round, raising $1.25m.
Visa finalises acquisition of Featurespace to bolster AI fraud prevention
Visa has announced the completion of its acquisition of Featurespace, a leading developer of real-time artificial intelligence (AI) payments protection technology.
How collaborative networks are revolutionising fraud detection in banking
Banks and online retailers have dramatically improved their fraud detection capabilities by integrating shared fraud intelligence into their risk assessments, according to the Global State of Fraud and Identity Report from LexisNexis Risk Solutions.
Visa report reveals 41% of UK SMBs targeted by fraud
New research from Visa has uncovered the alarming scale of fraud impacting small-medium businesses (SMBs) in the UK.
The study shows that over two fifths...
Sift enhances fraud insights with new metrics in industry benchmark tool
Sift, a leading AI-powered fraud prevention platform, has introduced significant updates to its Fraud Industry Benchmarking Resource (FIBR), a free online tool designed to provide key fraud metrics across various industries, geographies, and timeframes.
FinCEN issues alert on deepfake fraud schemes targeting financial institutions
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.
Banks and credit card issuers face rising fraud cases, but proactive responses boost customer...
Fraud protection and resolution are becoming essential components of the customer experience in banking, particularly as financial fraud rates continue to rise.
An essential guide to AML watchlist screening
With anti-money laundering (AML) regulations now a critical priority for businesses engaged in financial transactions, companies face mounting challenges to remain compliant. One essential...
Tookitaki’s anti-financial crime technology garners investment for growth in key Asian markets
Tookitaki, a leader in anti-financial crime software, has recently secured a strategic investment from True Global Ventures (TGV) Opportunity Fund.
