Tag: financial crime prevention

FinScan, an anti-money laundering (AML) compliance solution from Innovative Systems, has enhanced its payment screening solution, FinScan Payments, to accelerate transaction workflows while strengthening...

Key Asian RegTech investment stats for 2024: Asian RegTech deal activity dropped by 35% YoY India dominated attracting 21% of all Asian RegTech deals...

Key Indian RegTech investment stats in 2024: Indian RegTech funding fell by 43% in 2024 YoY Average deal value dropped to $6m as investors...

Ensuring accurate name matching is a fundamental aspect of regulatory compliance, particularly in areas like KYC (Know Your Customer) and AML (Anti-Money Laundering). However, screening names across different languages and scripts presents a significant challenge. To address these complexities, IMTF partnered with Babel Street to enhance precision in name matching and reduce compliance risks.

KYC Portal CLM has announced a strategic collaboration with PwC United Kingdom (UK) and PwC Channel Islands (CI), combining their expertise to deliver enhanced value for organisations worldwide.

Money laundering activities in the United States alone are estimated to total $300bn annually. In 2023, penalties for anti-money laundering (AML) violations in the...

FinCrime Dynamics, a UK-based FinTech specialising in criminal behavioural intelligence and data-driven solutions, has secured seed funding to advance its AI-powered platform.

As financial institutions navigate an increasingly complex regulatory environment, many are finding that cloud technology offers a reliable solution for future-proofing compliance efforts. The move to cloud-based financial crime compliance not only enhances agility but also helps institutions meet stringent regulatory requirements more effectively.

As artificial intelligence (AI) continues to advance, its role in financial crime prevention is growing, with organisations now considering AI as a foundational element in their risk management strategies.

Nicole Baxby, the Vice President of Customer Success at Quantifind, recently shared her personal journey and significant achievements in the field of risk management and customer success. Baxby's experience underscores the importance of technology, collaboration, and a customer-focused approach in combating financial crime.