UK reports a staggering £5.7m in cybercrime financial loss so far this year, study...
British people and businesses have suffered financial losses of £5.7m from a reported 14,883 cybercrime incidents since the start of the year, a new study found.
The...
FRISS collects $65m in its Series B funding round
FRISS, an AI-powered end-to-end fraud prevention and detection solutions for P&C insurers, has collected $65m in its Series B round.
Data protection is the top priority for UK banking customers
Data protection and security are of the highest importance for UK banking customers as financial services become increasingly dependent on digital interactions, according to a new study.
How advanced analytics can solve the growing problem of lending fraud
As the pandemic rages on, crime and money laundering risks continue to evolve at a rapid pace in the commercial lending space. However, firms...
AI-powered malicious content detection startup ActiveFence nets $100m, valued at over $500m
NYC and Tel Aviv, Israel-based online integrity company specializing in detecting malicious content such as hate speech, targeted disinformation campaigns, fraud, and other harmful...
The European Commission makes four proposals to revamp AML and CFT efforts
The European Commission has announced the creation of a new EU authority to fight money laundering, as part of a series of proposals to combat rising fraud threats.
UK financial institutions spend an average of £374k annually on preventing financial crime, study...
Financial crime prevention costs UK financial institutions an average of £374k every year, according to new research from global legal company, DWF.
The EU’s new Anti-Money Laundering Authority welcomed by industry professionals
The European Union’s new Anti-Money Laundering Authority (AMLA) is being welcomed by many professionals in the financial services space.
Alessa whitepaper outlines key crypto know-how for financial institutions
Alessa by Tier 1 Financial Solutions has published a whitepaper detailing how financial institutions (FIs) can deal with the cryptocurrency market and manage its associated risks.
Varo Bank taps Quantifind’s AI platform for adverse screening, automated investigations
Varo Bank has selected financial crime investigation firm Quantifind’s Graphyte platform to optimise its adverse media screening and investigations automation performance.