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Experian invests in Resistant AI to fight financial crime
Experian has announced a strategic investment in Resistant AI, a company specialising in AI-powered financial crime detection and prevention technologies.
Although the exact financial terms were...
The rising threat of money mules and how AI is helping...
In 2024, Nasdaq reported that more than $3.1tn in illicit funds circulated through the global financial system, with much of it hidden using so-called ‘money mules’.
Flagright secures $4.3m to enhance AI-native AML solutions in FinTech
Flagright, an AI-native AML compliance platform, has announced the successful closure of a $4.3m seed funding round.
91% of respondents have adopted AI in prioritising transaction monitoring alerts
600 senior compliance leaders from financial services and fintech firms shared insights on AI adoption in financial crime prevention
91% of firms are...
Large language models in FinTech: A boon or bane for compliance...
The technological revolution is making the job of compliance officers increasingly intricate. From record-keeping to monitoring approved communication channels and adapting to the ever-changing world of social media advertising, the list of challenges seems endless. A burning question for many is the potential influence of large language models (LLMs) on their profession. Will LLMs simplify their tasks or add complexity?
Sumsub reveals future-proof, full-cycle verification platform
London-based Sumsub, a globally acclaimed identity verification leader, today announces a revolutionary shift in its market positioning with the launch of a new full-cycle verification platform.
