Revolut ramps up anti-fraud efforts with doubled financial crime team
Revolut, a global financial superapp serving over 35 million customers, has significantly expanded its Financial Crime (FinCrime) division, doubling the headcount since 2021.
Revolutionary fraud defense: DataVisor unveils its AI co-pilot solution
DataVisor, renowned as the globe's top AI-driven fraud and risk platform, has stepped into the spotlight once again.
AI-powered financial safety platform, Carefull, nets $16.5m in Series A funding
Carefull, an AI-driven FinTech platform, has taken a significant stride forward in its mission to safeguard the finances of older adults.
Medius unveils innovative Fraud & Risk Detection platform
Medius, recognised as a formidable player in providing AP Automation and comprehensive Spend Management solutions, today announced the launch of their new product, Fraud...
Resistant AI and Instabase join forces for enhanced fraud detection
Resistant AI and Instabase have unveiled a strategic partnership, offering an amalgamation of expertise in the realms of financial crime prevention and unstructured data automation, respectively.
ASEAN’s influence on Philippines’ AML approaches
Established on 8 August 1967, the Association of Southeast Asian Nations (ASEAN) is a regional intergovernmental organisation consisting of ten countries in Southeast Asia....
The importance of identifying shell companies
Financial institutions play a pivotal role in preventing money laundering. Over the past 18 months, government bodies have frequently highlighted shell companies as significant...
Navigating third-party risk management: An EU & UK perspective
With the traditional business landscape being pulled apart due to the ever-hastening digitalisation of our world, traditional brick-and-mortar business has become outdated. We now...
How AI and ML are stepping up in the fight against financial fraud
US fraud volumes and losses continue their alarming annual increase, exacerbating an already worrisome trend in the financial sector.
How to verify if a business is legitimate? KYB explained
Identifying the legitimacy of businesses and merchants is not just a routine procedure – it’s an essential protective measure for banks and financial institutions....