Arctic Intelligence releases AML Industry Benchmarking Report 2022
The biggest challenge that compliance teams face with their money laundering and terrorist financing (ML/TF) risk assessments are gathering the data and evidencing effectiveness.
Hawk:AI teams up with 42flows.tech for AI-powered AML
Hawk:AI, which offers anti-money laundering (AML) surveillance technology, has partnered with Estonian IT company 42flows.tech, to bring AML and fraud surveillance to more global customers.
Diebold partners with Featurespace for safer transactions
Diebold, a “connected commerce” company, has partnered with Featurespace, which works to prevent financial crime, to integrate its fraud prevention technology.
Estonian FinTechs Salv, Tuum partner for AML capabilities
RegTech company Salv will deploy its AML capabilities into Tuum, an API-first and modular core banking platform.
How technology is helping the UK government combat fraud
Combating fraud continues to be a major challenge in the UK. Last year, over £1.3bn was stolen by fraudsters in the UK in 2021, according to Feedzai. However, technology is still making a change.
Travel and expense management fraud to rise, as will fraud
Total revenue generated by travel and expense (T&E) management is expected to reach $16bn by 2027, rising from $8.7bn in 2022.
Financial services fear fraud rise with cost-of-living crisis
Nearly half (43%) of financial services expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months.
ComplyAdvantage names Vatsa Narasimha as new CEO
Financial crime detection company ComplyAdvantage has named Vatsa Narasimha as its new CEO, as founder Charles Delingpole and current CEO transitions to executive chairman role.
Resistant AI, ComplyAdvantage partner for anti-financial crime
Resistant AI has deployed its AI and machine learning financial crime prevention solution to financial crime risk data and detection technology platform ComplyAdvantage, in a new deal.
Clearspeed closes Series C for voice analytics-powered fraud prevention
Clearspeed, a provider of voice analytics technology to assess security and fraud risk, has raised $27m in Series C funding.
