Tag: Fintech

Between $800bn and $2tn is laundered globally each year, underscoring why transaction screening and monitoring are not merely compliance checkboxes but critical lines of...

Digital bank Monzo has been fined £21m by the Financial Conduct Authority (FCA) for failures in its anti-financial crime systems between 2018 and 2020,...

Castellum.AI, a FinTech company specialising in financial crime compliance through integrated AI agents and in-house risk data, has raised $8.5m in an oversubscribed Series...

Quantum computing is rapidly emerging as a pivotal technological frontier, drawing comparisons to the “Manhattan Project” for its potential to redefine global power dynamics. According...

Banks in the United States will have more flexibility in how they collect Taxpayer Identification Numbers (TINs) from customers following the introduction of new Customer Identification Program (CIP) regulations by FinCEN, the OCC, and the FDIC.

As regulatory scrutiny on internal governance continues to tighten, businesses are expanding their due diligence practices to include employees, alongside clients and third parties. From background checks to continuous monitoring, screening staff has become a critical component of compliance frameworks across sectors.

Your organisation has put the groundwork in place for safe GenAI adoption—implementing guardrails, controlling permissions, and limiting tool access across platforms like Zoom AI...

Next Generation NGPES, a France-based FinTech platform developing a unified payment ecosystem bridging traditional finance and digital assets, has partnered with Sumsub, a global...

Visa has unveiled a bold three-year Security Roadmap for New Zealand to counter the sharp rise in AI-driven scams and digital payment fraud, which...

As financial institutions move from experimentation to practical implementation of generative AI, a critical question emerges: how can this technology be responsibly integrated into financial crime compliance frameworks without creating new risks?