Tag: Machine Learning

Accurately identifying individuals is at the heart of every robust KYC (Know Your Customer) and KYB (Know Your Business) programme. For firms operating in...

WorkFusion, a pioneer in AI-powered automation for financial crime compliance, has introduced a groundbreaking innovation aimed at transforming enhanced due diligence (EDD) practices. According to...

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...

Diversity in financial services has transformed how individuals and businesses access capital. The once slow-moving world of traditional finance—where bank accounts required in-person visits—is...

In the world of anti-money laundering (AML), outdated practices are exposing institutions to risk. Many banks still process alerts in the order they were...

M-Files is making waves in the world of digital transformation by offering an intelligent, AI-powered information management platform that helps organisations gain control of their data—no matter where it's stored.

Navigating the maze of tax compliance is often a delicate task for firms, with any misstep potentially leading to regulatory penalties and customer dissatisfaction. Simply collecting tax documentation is no longer sufficient. FinTech companies now face the challenge of collecting these documents in a seamless, friction-free manner while upholding compliance standards. By adopting AI and enhanced OCR technologies, firms can transform document collection into an efficient and transparent part of the customer journey.

EverC has unveiled its latest solution, Instant Onboarding, aimed at helping payment providers accelerate merchant onboarding while enhancing risk intelligence before threats can enter...

In an era where fraud is becoming increasingly sophisticated, forged documents are no longer the work of individuals but of machines. From counterfeit payslips...

As financial crime grows more complex and voluminous, traditional AML systems are struggling to keep up. In 2023 alone, financial institutions in the US...