Tag: AML

Hawk, an AI-powered technology for fraud prevention and AML firm, has announced an expansion of its Series B financing round.

FullCircl, a trailblazing RegTech firm based in the UK, has closed a significant debt refinancing deal.

Banking as a Service (BaaS) has been celebrated as a significant catalyst within the European FinTech industry, driving its influence on a global scale. Napier AI, which offers a financial crime compliance solution, recently explored why a risk-based compliance approach is vital for BaaS. 

In the rapidly evolving financial landscape, the sophistication of money laundering schemes has reached new heights.

SymphonyAI has unveiled a cutting-edge Entity Resolution system designed specifically for the financial sector.

Money laundering and financial crimes pose large risks to financial firms, both from a reputational and regulatory perspective. These criminal activities can manifest in...

Napier AI, a London-based RegTech specialising in financial crime compliance, has partnered with Salt Bank, the first Romanian neobank and the fastest-growing in Southeastern Europe.

As we move into the latter half of 2024, the landscape of international relations is increasingly fraught with challenges, from escalating global conflicts to...

The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.

Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.