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pulled apart due to the ever-hastening digitalisation of our world, traditional brick-and-mortar business has become outdated.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....
Visa invests in Form3 to help bolster anti-fraud efforts
Visa has entered into a commercial partnership with Form3, to reduce the high levels of fraud across real-time account-to-account payments.
The collaboration is set to...
Over a third of UK emerging financial firms report money laundering in 6 months
In a shocking revelation, a recent survey has highlighted that 36% of firms in the emerging financial sectors of the UK have fallen prey to either money laundering or financial crime in the last half year. The banking sector has been particularly hard-hit, emerging as the most affected sector.
Strise secures $10.8m in series A to redefine AML automation
Strise has secured $10.8m in its series A funding round, as it looks to redefine anti-money laundering (AML) automation.
Having bagged the capital in the...
Mastercard certifies IDEX Biometrics for its Global Payment Solution
IDEX Biometrics, a global technology leader in fingerprint biometrics, has been fully certified by Mastercard, a leading multinational financial services corporation.
